Business

Myriam Robin

Myriam Robin is a markets reporter based in the Financial Review's Melbourne newsroom.

In Australia, short-term plays have been behind the see-saw performances of the big four banks.

FOMO 'is putting the economy at risk'

Tim Samway of Hyperion Asset Management says fear of missing out has led to high risks for the Australian economy as a whole due to overexposure to the heavyweight banking sector.

Ansell found some support from Morgan Stanley this week, sending its shares soaring.

ASX has best day in seven months

The ASX dodged the US mini-tech-wreck, surging to its best day in seven months, as investors flooded back into beaten-up bank stocks.