According to statistics to be released this month by the Australian Taxation Office (ATO), the self-managed superannuation (SMSF) army is now one million members strong. The ATO’s March quarterly re..
This week’s auction clearance rates were mostly higher than last week but the data is showing signs of slowing down as we head into the colder winter months.
In the first half of this week, miners Lynas Corporation and Santos were upgraded, as Fletcher Building was downgraded based on a slower than expected recovery.
Chart guru, Lance Lai, says that if everything lines up, 5995 could be possible for the local market. There will be a bit more steam in the US market too, but don’t be surprised if consolidation fol..
Auction clearance rates are rising again after a two-week lull for the Easter holiday period. Clearance rates on the East Coast are also higher then they were a year ago.
Bank interim results have been driving broker activity this week and many analysts now believe the sector is fair valued. CBA was upgraded as Westpac and NAB were downgraded.