Monday Money Mate — 15 Mar 2021
Tech stocks, China industrial production and Aussie jobs data are all in the spotlight in the Grafa week ahead.
The tech sector provided a tailwind for Aussie and US markets late last week as investors piled on companies like Nearmap and Afterpay locally, and Tesla and Apple on Wall Street.
While climbing bond yields have rattled investors in the US, causing a sell-off in some sectors, including tech, Think Markets analyst Fawad Razaqzada said in a note “it is becoming clear that investors are not sure what to do with stocks at these…
Saturday Money Mate — 13 Mar 2021
US President Joe Biden got his US$1.9 trillion stimulus plan, PayPal enters the buy now, pay later race and Australia’s travel sector received a government lifeline in Grafa headlines this week.
Locally, the ASX closed 0.8% higher on Friday, driven by tech rallies locally and on Wall Street, while the index was 0.83% higher for the week.
After weeks of wrangling, US Congress passed President Biden’s mammoth economic rescue package on Wednesday, but rejected a proposal to more than double the minimum wage.
Bitcoin bounced back this week from US$49,000 on Monday to…
Monday Money Mate — 08 Feb 2021
Reserve Bank of Australia Governor Philip Lowe is the man overseeing the nation’s monetary plan, so what he says matters.
Gov. Lowe will provide an insight into the bank’s view on Australia’s economic recovery, investment and monetary recovery at a business speech on Wednesday, with traders keenly listening for clues that will affect the Aussie dollar.
In local market moves, mineral exploration companies Juno Minerals, Medallion Metals, Genmin and DDH1 are slated to make their ASX debuts this week.
And Bitcoin’s price will be in the spotlight after last week’s price drop.
Saturday Money Mate — 6 Mar 2021
Loopholes in the buy now, pay later (BNPL) code of conduct, Klarna’s expansion and Australia’s economic recovery all made Grafa headlines this week.
Locally, the ASX closed 0.74% lower on Friday but gained 0.56% for the week.
The first ever code of conduct for the BNPL sector came into effect in Australia on Monday but loopholes have already emerged, most notably that the code has no penalties attached to it.
Meanwhile, it’s “take two” for personal loan provider Plenti in its bid for a BNPL option for financing renewable energy.
Not to be…
Monday Money Mate — 29 Feb 2021
It’s D-Day for the buy now, pay later sector, the RBA meets and Aussie GDP data is released in the Grafa week ahead.
Will the seemingly unstoppable buy now, pay later sector come down from its record highs when a new code of conduct comes into play today?
With tighter rules around late fees, transaction limits and credit checks aimed at addressing debt issues amongst users, all eyes will be on the 13 ASX companies that make up this sector — led by Afterpay, Zip Co, Humm, Splitit and Sezzle.
Meanwhile, Democrats are…
Saturday Money Mate — 27 Feb 2021
Facebook “re-friended” Australia, a crackdown on the buy now, pay later sector and a Bitcoin bounce dominated the Grafa week in finance.
The Aussie market limped to a close on Friday, shedding 1.77% for the week on the back of a massive sell off in tech stocks.
Less than a week after banning all Australian news from its platform, Facebook pulled an about-face by agreeing to an amended news media code, inking a content deal with Seven West Media and discussing similar deals with Nine and News Corp.
Meanwhile, the buy now, pay…
Monday Money Mate — 22 Feb 2021
COVID vaccines, news media laws, UK unemployment and the US economy are all in the spotlight in the Grafa week ahead.
The long-awaited rollout of a COVID-19 vaccine begins across Australia today, with 80,000 initial doses of the Pfizer jab to be given to frontline health and quarantine workers, as well as residents and staff at aged care and disability centres.
Last week’s approval of the AstraZeneca vaccine also clears the way for local manufacturing, with biotech company CSL expected to produce about 50 million doses at its Melbourne facility.
Meanwhile, all eyes…
Saturday Money Mate — 20 Feb 2021
Google played by the rules while Facebook spat the dummy and COVID vaccines arrived down under in the Grafa week that was.
The ASX closed 1.34% lower on Friday but remains virtually unchanged this week.
The looming introduction of Australia’s news media code resulted in starkly different responses from global tech giants Google and Facebook.
Google took the high road, signing multi-million-dollar deals with Seven West Media and Nine Entertainment, while Facebook blocked all Australian users from viewing or sharing news content — with key government health and services sites caught in the…
Monday Money Mate — 15 Feb 2021
COVID lockdowns, the European economy and Aussie jobs are all in the frame in the Grafa week ahead.
Victoria’s snap five-day lockdown is set to end midnight Wednesday, with any extension dependent on how quickly authorities can contain the COVID-19 cluster.
Friday’s ASX session saw investors pouring into pandemic-winning stocks like carsales.com, REA Group and KFC-operator Collins Foods. If the trend continues it will be a case of lockdown deja vu.
Meanwhile, in the US, former president Donald Trump’s impeachment trial could be over early in the week, depending on how many witnesses…
Saturday Money Mate — 13 Feb 2021
Tesla and BNY Mellon backed Bitcoin, Crown Resorts was in hot water and Redditors turned to weed stocks in a jam-packed week for finance.
The ASX lost 0.49% over the trading week as tech and mining stocks weighed on the market.
It’s no dice for Crown Resorts’ new Barangaroo casino in Sydney after an inquiry found the company was unfit to hold the gaming licence required to operate the facility.
Meanwhile, Bitcoin topped US$48,000 for the first time on the back of Tesla’s US$1.5 …
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