![]() ![]() ![]() There are numerous research studies that use similar indicators to forecast the direction of the stock market index. Many factors such as political events, general economic conditions, and traders’ expectations may have an influence on the stock market index. Telix (ASX:TLX) was down 0.7% after announcing that non-executive director Andreas Kluge is taking six months’ leave of absence.In the business sector, it has always been a difficult task to predict the exact daily price of the stock market index hence, there is a great deal of research being conducted regarding the prediction of the direction of stock price index movement. QUB held the option with the landowner and retained this when National Intermodal acquired the option for the larger land area late in 2021. Qube Holdings (ASX:QUB) dropped 3% after National Intermodal said it was exercising its option to acquire 200ha of land for the development of a new rail freight intermodal terminal and associated infrastructure 37km north of Melbourne’s CBD. Healius (ASX:HLS) rose 1.6% after appointing Mary Weaver as company secretary after the resignation of Charles Tilley from this role. Swipe or scroll to reveal the full table. The FT has reported news of Dimon’s potential deposition, while people close to the matter said Dimon got involved in deciding whether to keep on handling Epstein’s money.Īhead on Wall Street, February pending home sales data is due out, along with with weekly mortgage applications and rates. JP Morgan CEO Jamie Dimon could be deposed over his bank’s ties to Jeffrey Epstein, according to reports. SBF now faces more than 155 years in prison if convicted on all the charges. Prosecutors in the FTX case have laid more charges on disgraced founder Sam Bankman-Fried (aka SBF), claiming that he bribed Chinese officials with US$40 million in cryptocurrency to unfreeze accounts in 2021. The NZFMA said Vanguard misled investors last year by overstating an exclusion claiming that Vanguard did not invest in companies involved in tobacco sales.īendigo Bank (ASX:BEN) meanwhile dropped 2.5% and sank to a five-month low after UBS downgraded price targets on most Australian banks today. In another regulator news, New Zealand’s Financial Markets Authority (NZFMA) has issued a warning against Vanguard Investments Australia over greenwashing. Market operator the ASX Ltd (ASX:ASX) was flattish despite watchdog ASIC announcing suspected breaches of the law related to its botched CHESS replacement project. Oil-related stocks also continued their climb as crude prices lifted 1% overnight on improvement in risk appetite. Lithium and iron ore miners looked particularly attractive to investors today, with Plibara Minerals (ASX:PLS) and Fortescue (ASX:FMG) rising by more than 2% each. Most analysts, however, are still predicting a 25bp rise before a pause.Įnergy and Miners led today’s proceedings, while Financials and Real Estate lagged. ![]() ![]() “Next week we will see if the RBA is finally prepared to act in the best interests of Australians instead of blindly following the rest of the world towards a recession,” said Greens economic spokesperson, Nick McKim. Not only is it welcome news for Aussie consumers, the RBA could now elect to pause its stifling rate hikes as early as next week. The 6.8% figure was much softer than the consensus of 7.2%, signalling that the RBA’s monetary policy measures are starting to take effect. This is the final crucial data release before Phil Lowe and his colleagues at the RBA decide on interest rates next Tuesday. The monthly CPI indicator reported by the ABS today shows that Australia’s inflation has declined to 6.8% in February YoY, from 7.4% in January. At the close of Wednesday, the ASX index was up 0.2%. Local shares traded lower before reversing course when inflation numbers were released. SBF allegedly bribed Chinese officials with $40 million in cryptos.Australia’s inflation has declined to 6.8% in February from 7.4% in January.The ASX swung into positive after the release of monthly CPI data. ![]()
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