Iron ore jump a short-term treat
Iron ore's 7.2 per cent jump has traders excited but it's unlikely to signal a period of sustained strength.
Jessica Sier writes on business, markets, news and real estate. Based in our Sydney newsroom, Jessica is also a multimedia producer.
Iron ore's 7.2 per cent jump has traders excited but it's unlikely to signal a period of sustained strength.
The ASX pushed higher as the official start of reporting season was marked with some big hits and misses.
The ASX was pushed higher on Monday by resources but it ended the month at its worst July in six years.
An Aussie dollar flirting with US80ยข might be a headwind for gold producers, but their current low running costs are keeping investors interested.
A largely positive week was undercut by a surprise broad-based sell-off on Friday as investors position themselves ahead of local earnings season next week.
Shares staged a broad-based recovery from Monday's losses, but buyers lacked strong conviction.
The Aussie has shot higher and is giving fund managers pause when considering future company earnings.
Investors have reason to cheer as a global economic recovery paved the way for earnings growth to spread to all sectors of the economy, Credit Suisse says.
Current equity valuations has fund managers wary, finds Bank of America Merrill Lynch's monthly survey.
The ambitious New Silk Road project is one of the most exciting investment opportunities in the world, says head of Bennelong's infrastructure arm.
Search pagination