The government's mid-year budget update and a possible ratings downgrade are on investors' minds.

Markets Live: AAA in crosshairs

The ASX shrugs off last week's weakness to record a strong start, ahead of the mid-year budget update and a ratings agency downgrade.

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SYDNEY, AUSTRALIA - MAY 25:  Head of Equities at BT Investment Management Crispin Murray poses for a portrait on May 25, ...

Aldi, Amazon, NBN tear through profits

The head of equities at BTIM lists his preferred stocks for the year ahead, saying the ASX will survive intact because although earnings growth will be no more than 5 per cent rates will not rise.

CBA has offloaded its stake in Visa; the other major banks did the same in 2012.

CBA sells stake in Visa for $439m

The "rapidly changing technology environment" has led CBA to accelerate the write down of the value of software assets which has been offset by the sale of its stake in Visa.