Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

All Ordinaries (INDEXASX:XAO) breaks losing streak: Santos-Woodside deal off

The All Ordinaries (INDEXASX: XAO) gained 0.5 per cent on Wednesday as positive news in China spread throughout global markets.

A number of restrictions by the government aimed at reducing speculation on Asian share markets has boosted the market in recent days.

In Australia, the energy sector struggled following news that a potential $80 billion merger between Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) would no longer be going ahead; Santos shares fell 5.7 per cent on the news.

Miners were again in focus, with BHP Group Ltd (ASX: BHP) rallying 1 per cent on another positive day for iron ore but the likes of lithium miner Pilbara Minerals Ltd (ASX: PLS) leading the way, gaining 5.6 per cent after announcing a new supply deal with its Chinese partner.

Shares in Amcor CDI (ASX: AMC) finished 1.4 per cent lower after Amcor announced a 9 per cent fall in sales, which sent profit down to $US286 million, a more than halving and resulted in another 2,000 job cuts.

Cettire overcomes weak consumer: NAB CEO to step down

Shares in National Australia Bank Ltd (ASX: NAB) finished 0.2 per cent lower on Wednesday following news that successful CEO Ross McEwan would be stepping down after turning NAB around. He will be replaced by Andrew Irvine, the head of NAB’s business bank and fasted growing division.

BWP Trust (ASX: BWP) gained 4.2 per cent after BWP saw a slide in valuations slow, while also confirmed that lower valuations were being offset by a 4.8 per cent increase in rental payments in 2023.

Luxury goods retailer Cettire Ltd (ASX: CTT) surged 25 per cent after Cettire managed to deliver an 89 per cent jump in sales to $354 million, while flagging a strong start to the second half of the year.

Dow nears record high as Ford surprises: Chipotle sales jump

The Dow Jones Industrial Average (INDEXDJX: .DJI) continues to trade around record highs, gaining 0.4 per cent on Wednesday, while the S&P 500 (INDEXSP: .INX) surged 0.8 per cent and the Nasdaq Composite (INDEXNASDAQ: .IXIC) 1 per cent as earnings season continues to surprise to the upside.

Among the strongest reports came from Uber Technologies Inc (NYSE: UBER) and Ford Motor Co (NYSE: F) with the former reporting revenue well ahead of expectations, at US$9.9 billion for the quarter from US$8.6 billion in the prior period. It was a similar story for Ford, which saw revenue smash expectations and management announced a new EV model that would compete with Tesla Inc’s (NASDAQ: TSLA) lower cost Model 2.

Shares in social media platform Snap Inc (NYSE: SNAP) fell more than 35 per cent after Snap reported weaker than expected advertising revenue and downgraded expectations.

The Golden Rules of Investing

We might be experts in retirement, but with combined financial advice experience of 35+ years, we’ve nearly seen it all. 

In mid-2023, our senior team at Wattle Partners Financial Planning put the finishing touches on a brand-new report “The Golden Rules of Investing“.

In this free report, we outline the key principles that determine all of the portfolio construction and investment decisions of Wattle Partners. Collated over decades, this paper should be seen as a work-in-progress, constantly under review in light of the ever-evolving nature of markets. 

You’ll find the free report on my Author page. Simply click the button below to view the Golden Rules.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, the author or their clients may have a financial interest in some of companies or securities mentioned.

Powered by

Wattle Partners is a financial advice firm, servicing clients around Australia, specialising in retirement planning (pre and post retirement). 

Skip to content