The APA Group [ASX:APA] share price are sliding after making a non-binding indicative proposal to acquire AusNet Services by way of a scheme arrangement for $2.60 per share in cash and scrip.
The Rum Rebellion analyses the Aussie stock market from a perspective you won’t get in the mainstream business pages.
The ASX — what factors make it go up and down?
The Australian Stock Market (ASX) is heavily influenced by the banking sector (financials make up around one-third of the index’s value) and the resource sector.
The ASX also frequently moves based on events in the US and Chinese stock markets. In the US, there are three main indices. These are the S&P 500, the Dow Jones Industrial Average (DJIA) and the Nasdaq Composite. The S&P 500 is an index of the top 500 companies in the US, the DJIA includes 30 of the largest and most influential companies (generally blue-chip, dividend stocks), while the Nasdaq is the tech stock index and includes big names like Intel, Google, Facebook, Apple and Amazon.
In addition to the US markets, we look at Chinese economic data to get a gauge on which way the Chinese economy is heading. This weighs heavily on the fortunes of our resource sector, in particular major miners like FMG, Rio Tinto and BHP, who rely on Chinese demand for iron ore. Iron ore accounts for upwards of 20% of Australian exports, so this is a key bellwether for us.
We also look to other major markets, such as Europe and Japan, who are both important trading partners. With loose monetary policy, European and Japanese stock markets can act as leading indicators for global economic growth (or lack thereof).
Stock Market News and Updates — Our Approach
While all of these factors are obviously important, there is plenty of stuff going on ‘under the hood’, so to speak. We seek to highlight these opportunities, as well as alert you to the danger signs.
To do this, we use charts in our analysis. A picture is worth a thousand words and a chart contains a wealth of information about a stock, sector or index as a whole. So on the days that we’re talking about stocks or stock markets, we’ll throw in a few charts to show you what we’re talking about. This is because charts help you to cut through the noise and opinions, and show you what is really going on in the markets.
By following the stock market updates in this section, you can latch onto emerging market trends and stay up to date on the latest announcements affecting share prices.
The most known of knowns in financial markets is the China Evergrande Group debt crisis. Will it or won’t it be allowed to fail? Will this be the modern-day Lehman Brothers moment?Markets are pondering these…
The Transurban Group [ASX:TCL] share price is halted today pending an equity raising. Transurban seeks to raise $4.2 billion to acquire the remaining 49% equity stake in WestConnex from the NSW government for $11.1 billion.
To participate, people had to have at least US$100,000 in investable assets. And, on average, these investors had saved around 16.6% of their annual income for retirement.
So far, going online and buying cryptos has proven to be about the best move you can make. The brand-name leader, bitcoin, rose 340% over the last year.
Cryptos were thought to be new forms of money. Then, they were ‘assets’, a whole new ‘asset class’ that was making people rich.And now the crypto riches are spilling out into the real world of…
Retail sales, a key gauge of China’s consumption, rose just 2.5% in August from a year earlier, down sharply from July’s 8.5% year-over-year growth, according to data released Wednesday by China’s National Bureau of Statistics.
Bitcoin and cryptos have proved extremely valuable if you are into ransomware, running pump-and-dump schemes, or in the business of promoting UNstablecoins.
Renowned investment bank Macquarie Group Ltd [ASX:MQG] is flying today.The $66 billion share price is trading 4.82% higher at time of writing…
The Washington H Soul Pattinson and Co [ASX:SOL] expects NPAT to jump from $170 million in FY20 to $316–336 million in FY21. The news wasn’t enough to send SOL share price higher, with Soul Patts…