5 outperforming ASX dividend shares unmasked
With bank deposit rates and bond yields in the cellar, ASX dividend shares are in the spotlight
Bernd Struben earned his economics degree in the US. Following several years writing about the tourism industry in the Caribbean, he moved to The Netherlands to cover the EU s booming commercial real estate markets. He moved to Australia in 2010, where he transitioned to analysing the Aussie equity markets. He employs a combination of macro economics and company specific data to gauge what he believes are tomorrow s best investments. In his free time, you re likely to find Bernd at the beach or dabbling away on a new work of science fiction.
Material Losses
After Tuesday’s strong blue chip-led rally for the ASX200, the futures showed down -12 yesterday morning which was unsurprising, but it was not to be. From the open, the index made another assault on the 7400 level.
At midday the index was up 25 points and just a tad over 7400 but then in came the sellers, with some no doubt deciding the impending Fed meeting was sufficient reason to take profits.
In the wash-up, the final score was materials versus the rest. Big falls in copper, nickel and gold had materials down -1.6%, which translated into a -6.7% drop for copper miner OZ Minerals ((OZL)) and -1.7% for copper miner BHP Group ((BHP)), along with -4.8% for Nickel Mines (NIC)) and -1.3% for Newcrest Mining ((NCM)), to name a few.
-4.15% - Nickel Mines Ltd (NIC.AX)
Forex: Australia to ‘beef’ up exports to UK
The UK struck its first free trade deal with Australia yesterday, making it the first such deal to be made since leaving the EU. Australian beef is now expected to make its way over and help plug the gap left from European beef tariffs will be removed from all UK products exported, including cars, whiskey, biscuits and ceramics. The deal is expected to provide a small boost to the UK economy but, ultimately, is seen as a positive step in a post-Brexit world for Britain.
Australia Market rises to record high after RBA dovish minutes business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.