(31 May 2019, AFR, online, William McInnes) ‘Australian shares ended the week lower as fears of a recession in the US soured investor sentiment. The S&P/ASX 200 Index slid 59.1 points, or 0.9 per cent, to 6396.9 while the broader All Ordinaries closed the week 53.8 points, or 0.8 per cent lower, at 6491.8.’ Read … Continue reading
(31 May 2019, AFR, online, Tony Featherstone, Finance writer) ‘With expensive markets and a falling cash rate, you need to become more strategic about cash – both for buying opportunities in a fall and to maximise returns. Selling shares and adding cash to portfolios has low appeal with the sharemarket rallying and the Reserve Bank … Continue reading
(31 May 2019, AFR, online, Duncan Hughes) ‘Borrowing rates have crashed through the 3 per cent benchmark to record lows as lenders aggressively compete for residential mortgage market share amid improving market sentiment and the prospect of easier lending conditions. The new one-year fixed rate of 2.99 per cent from Greater Bank, a NSW-based mutual, … Continue reading
I am taking a break for a couple of weeks, and might only be posting here occasionally.