Month: April 2018

Market Wrap – 23rd April 2018

Market Summary Despite Friday’s losses, the Australian market rose for a third consecutive week (up 39.7 points for the entire trading week). Interestingly, the mining sector lead the index, recouping the losses recorded by the heavily-maligned financial sector, who continue to be scrutinised by the ongoing commission. In the United States, markets were dragged down …

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Market Wrap – 19th April 2018

Market Summary The Australian market closed higher on Wednesday, as the gains made in the resources sector offset the continued weakness from financials (the ‘big four’ banks). Furthermore, positive sentiment from strong earnings updates within the technological sector in the United States (in the Tuesday trading session), with Wisetech Global, Altium and Xero all experiencing …

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Market Wrap – 17th April 2018

Market Summary The Australian market surprisingly finished higher in the first trading session despite the futures indicating a potential flat open for the index amid geopolitical tensions escalating over the weekend. Miners were strong performers on Monday, particularly aluminium-producing companies whom continue to benefit from higher prices. The Shanghai Composite and Hang Seng indices lagged …

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