ASX hits skids as banks slam into reverse
The ASX's strong two-day rally came to an abrupt end, as weak oil and the US rate hike proved reason enough for shares to retrace some of their recent gains.
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Patrick Commins
Patrick Commins writes on Markets specialising in Equity Markets, Currencies, Debt Markets. Based in our Sydney newsroom, Patrick is Markets deputy editor and has over six years experience as a journalist.
Markets Live: Banks trump tech
Investors ignored a mini US tech-wreck and ploughed into the big banks, helping the ASX record its best session in seven months, supported by upbeat business confidence data.
Iron ore, debt could send Aussie back to US50¢
The local currency has fallen a long way since it bought more than $US1 in 2015, but dynamics are at play that could drive it back to 'historic lows', a visiting US economist believes.
Altair Assets was 'not yet profitable', says Lonsec
The funds management firm that sold everything citing a looming market correction was unprofitable as at November: analyst report.
Altair boss stands by decision to return cash
Altair Asset Management's Philip Parker has mounted a strident defence of his decision to liquidate his funds and return cash to investors.
Altair boss in dispute over mother's shares
The fund manager is embroiled in a dispute surrounding his mother's share portfolio.
'Sell everything' call brave or reckless?
Was Philip Parker's decision to get out of the market a principled and brave decision, a cop-out, or something else altogether?
'I am absolutely certain we are in a bubble in this property market'
Altair Asset Management will liquidate its Australian shares funds and return "hundreds of millions" of dollars back to clients, citing an impending property market "calamity".
ASX shakes off retail woes to post gains
The sharemarket recouped early losses on Thursday, as gains in resource stocks offset a terrible session for retailers.
Cheap mining not a slave to commodity prices
It might not feel that comfortable amid recent price declines, but resources still look like the best option for Australian sharemarket investors.
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