COMMONWEALTH BANK OF AUSTRALIA ORD
Weekly Wrap: Winning Streak Persists as Tech, Banks Drive Aussie Shares
ASX 200 rises 0.5% to 8,903 as tech and banks lead; miners retreat, with Capstone Copper and Catalyst Metals rallying on strong results.
Weekly Wrap: Markets edge as Rio-Glencore talks spark change in mining bid
Rio Tinto slides 6% on Glencore all-stock merger talks; BlueScope up 2% after rejecting a $30 offer. ASX 200 drifts -0.1% as deal news dominates.
Why There Is a Ceasefire in the Bank Wars—For Now
The ceasefire between the banks in the war for deposits is still holding at this stage but it may not be long before we see it break out in earnest, after the revelation that Macquarie Bank now has more than $200 billion in retail and business deposits.
ETFs surge as passive investment overtakes active management in Australia
One of the big trends in Australia – and the rest of the world – has been the triumph of passive investment vehicles such as exchange traded funds over the traditional fund managers and their star stock pickers. In Australia ASX figures show that ETF investment hit an amazing $200 billion towards the end of […]