Uncategorized Archives - Page 8 of 57

The ASX 200 remained relatively flat over the past week, posting a modest 0.03% gain. However, there was significant rotation amongst sectors. The materials sector, led by mining giants BHP Group (10.91%) and Rio Tinto (12.77%), was the top performer, buoyed by rising commodity prices. Fortescue also saw impressive gains of 14.01%. However, the financial sector faced significant selling pressures, with major banks such as Commonwealth Bank of Australia (-7.16%), National Australia Bank (-6.88%), Westpac Banking Corporation (-5.27%), and Australia and New Zealand Banking Group (-4.55%) all recording falling stock prices.

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We are excited to announce our partnership with Ducktober, a unique and impactful initiative organized by the Waves of Wellness (WOW) Foundation! This annual fundraising event takes place during Mental Health Awareness Month in October, and all funds raised directly helps WOW continue to provide free surf therapy programs.

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This week, the ASX 200 showed positive movement, rising by 1.08%, closing at 8,209.5 points on Friday 20^thSeptember. Gains were supported by strength in financials, energy, and mining sectors. Notably, major banks saw a boost, with Westpac rising by 2.38%, NAB by 2.29%, and ANZ by 2.21%. The miners were also strong contributors, with Fortescue Metals up by 2.56%, and BHP Group gaining 2.00%.

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The recent decision from the U.S. Federal Reserve (the Fed) to reduce interest rates by 50 basis points, bringing the federal funds rate to a range of 4.75% to 5%, has drawn attention from markets worldwide, including Australia. With inflation in the U.S. having moderated to approximately 2.2%, close to the Fed’s long-term target, many are questioning the rationale behind this rate cut and its broader implications for investors.

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This week, Australian markets demonstrated a solid performance, with the ASX 200 rising by 1.1%. Materials led the way with a notable 4.2% increase, buoyed by renewed optimism around potential stimulus measures from China. Lithium stocks enjoyed a rebound from recent lows due to supply cuts, while fears of supply restrictions from Russia impacted uranium, nickel, and titanium markets positively. Oil prices also saw an uptick, supported by output disruptions in the US Gulf of Mexico. The Financials sector lagged slightly, down 0.8%, as investors took profits after a strong run of fresh peaks in the major banks.

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Australia’s equity markets experienced a downturn this week, with the ASX 200 closing 1.0% lower, halting a three-week streak of gains. The Australian market was particularly impacted by softer-than-expected quarterly GDP data and a global tech selloff. The GDP growth for the June quarter remained unchanged at +0.2% quarter-on-quarter, falling short of the anticipated 0.3%. High borrowing costs and persistent inflation continue to pose challenges, contributing to a cautious economic outlook.

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You might have seen the headlines recently about State Street Global Advisors making a strategic investment in Raiz. If you’re wondering what this means for you as a Raiz user—or if you’re considering joining the Raiz community—here’s a quick rundown of the key points.

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The ASX 200 continued its upward momentum this week, marking its third consecutive week of gains. Better-than-expected company earnings have calmed investor nerves, pushing the index closer to its all-time high. Despite the positive market sentiment, July’s retail sales data, released by the ABS, showed a flat result month-on-month, coming in slightly below expectations. However, the Australian economy remains resilient, with next week’s GDP data expected to provide further insights. Read Post

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When we talk about investing, it’s easy to think it’s all about numbers, graphs, and picking the right stocks. But here’s the thing—your mind plays a huge role in how you invest. Behavioural finance is all about understanding the psychological aspects that influence our financial decisions, often leading to choices that aren’t always in our best interest. Let’s dive into some of the key psychological factors at play and how you can navigate them to make smarter, more confident investment decisions.

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Last week saw the Australian stock market finish on a high note, with the ASX 200 closing up 0.7%. This came after a strong showing from several major companies, such as WiseTech, which saw a remarkable 28% gain by week’s end. Despite a slight dip on Friday that ended a 10-day winning streak, the overall sentiment remains optimistic as the market eagerly anticipates the final week of the Australian reporting season. Read Post

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Uncategorized Archives - Page 8 of 57 - Raiz Invest

ASX 200 flat, materials shine while banks stumble

Raiz x Ducktober

Market Update: 24 September 2024

What the U.S. interest rate cut means for Australian investors

Market update: 17 September 2024

Market update: 10 September 2024

State Street Global Advisors join forces with Raiz – Here’s what you need to know

Market update: 3 September 2024

Behavioural finance: The psychology of investing

Market update: 27 August 2024