Australian equities closed the week on a positive note, with the ASX 200 gaining 0.7%. This performance was bolstered by strong showings in the Energy and Materials sectors, which rose by 4.1% and 3.3% respectively. The rally in commodities following a cooler-than-expected US ISM report contributed significantly to this rise. Read Post
The end of FY24 has led to some big movements in the top ten stocks at Raiz with some seeing a more than 200 per cent increase in shares traded.
Trading overall for the week was 36,363 which was a 10 per cent increase on the top 10 of the week prior. Leading the charge was Insurance Australia Group ($IAG) which stormed into third position with a 223 per cent increase in shares traded. The company hasn’t been seen in the top 10 for a few weeks now.
The rising cost of living is a reality many of us are facing today. From higher grocery bills to increased utility costs, managing our finances has become more challenging than ever. At Raiz, we understand these pressures and are here to support you with tools and features designed to make your financial journey easier and more rewarding.
This week saw Australian equities end in the red, with the ASX 200 down by 0.4%. The rise in monthly CPI to 4% in May, up from 3.6% in April, indicates little progress towards the Reserve Bank of Australia’s (RBA) target of 2-3% for the first half of 2024. This raises questions about the RBA’s next steps. Read Post
We are thrilled to unveil a new feature that will transform your shopping experience—Automatic Rewards. With this innovative addition, transactions with select brands will be automatically tracked, and cashback will be directly deposited into your Raiz account. Here’s everything you need to know about this exciting new feature.
This week, the Australian stock market showed positive momentum, with the ASX 200 closing up 0.9%. This uptick comes as the Reserve Bank of Australia (RBA) maintained its cash rate target at 4.35%, in line with expectations. However, the RBA’s guidance took a more hawkish tone, highlighting stronger-than-expected household consumption and potential inflation risks. Read Post
Cryptocurrency had its heyday when you could barely open a financial page without someone spruiking the latest in the technology, but it seems there is still some life in it.
National Australia Bank ($NAB) just bought a stake in a cryptocurrency business called Zodia Custody, which is a competitor to Coinbase. Zodia allows clients to hold crypto coins like bitcoin and ethereum, as well as tokenised real-world assets including commodities or property.
Interested in exploring the dynamic sectors of the modern economy but not sure where to start? The BetaShares NASDAQ 100 (NDQ) ETF available in Raiz Plus Portfolios offers a well-rounded entry point, encompassing key players not only in technology but also in healthcare, consumer services, communications, and more. This ETF is perfect for those looking to diversify their investment across multiple influential sectors that drive global innovation and economic growth.
Australia faced a challenging week as the ASX 200 dipped by 1.7%. Despite this downturn, there was a silver lining in the employment data, showing a drop in the unemployment rate to 4% with nearly 40,000 new jobs added in May, aligning with market expectations. This positive employment trend offers a glimmer of hope amidst the current market volatility. Read Post
One of the ASX’s leading healthcare stocks has returned to its 52-week highs as investors pile in after its May earnings results.
Fisher & Paykel Healthcare is up over 29 per cent over the last 12 months with its stock hovering close to its 52-week high at $28 per share as of Thursday. Read Post
