The Australian sharemarket shed 46.4 points on Monday, weighed down by heavy losses posted by the energy and financial sectors, as well as travel stocks.
Vietnam and Australia share a strong framework for deeper ties in a contested Indo-Pacific aspistrategist.org.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aspistrategist.org.au Daily Mail and Mail on Sunday newspapers.
Why the BlueScope Steel (ASX:BSL) share price is up 8% in a week
During this week, the steel producing company released its preliminary unaudited results.
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Zach is a hedge fund analyst with an extensive background in equities and portfolio management. Alongside The Motley Fool, he works in portfolio strategy with a multi-asset and multi-strategy hedge fund manager domiciled across Australia and Europe. As such, he has a unique approach to research and investing, taking a top down approach to identifying unique value propositions that sit within his circle of competence. Zach enjoys the more Foolish things in life, in addition to Rugby.
Records shattered on ASX as profits impress, takeovers heat up afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
Miners propel ASX 1pc to a two-week high as Pepper disappoints
Share
The major iron ore miners shrugged off a fall in iron ore prices to help drive the Australian sharemarket to its highest level in two weeks as ASX-newcomer Pepper Money made a disappointing start to trading on the local bourse.
The S&P/ASX 200 Index advanced 69.3 points, or 1 per cent, to 7115.2, its best close since May 10.
“In the next few months, a further rise in inflation will likely push bond yields higher which may further threaten shares, particularly tech stocks which are vulnerable to higher interest rates,” said Shane Oliver, AMP Capital’s head of investment strategy.