CommSec’s Tom Piotrowski says the stock markets will begin in “negative territory” as trading starts on Monday morning.
“The interesting thing is that there has been some pretty substantial positive momentum built up for stocks,” Mr Piotrowski told Sky News Australia.
“It’s been more of a stop-start affair for the Australian share market, but we were still up 1.8 per cent over the course of last week.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EOFY sales forced to ramp up as retail shopping declines due to interest rate risesOngoing interest rate rises are having a negative impact on shopping habits as new data shows a sharp decline in sales which is forcing retailers to ramp up end-of-financial-year sales. Outlets such as Peter Alexander and Just Jeans posted a 20 per cent decline in sales during May despite an overall increase in jobs from the same period. Buy-now pay-later groups are also seeing an overall 7 per cent slide in fashion spending.
Read more »
Investors can’t agree how to value the world’s hottest stockEven Cathie Wood thinks the stock, which joined the trillion-dollar club amid a surge of interest in artificial intelligence, is too expensive.
Read more »
Investor uses AI to help crack winning stock codeThomas Rice reckons there’s at least four ways investors can use artificial intelligence today to search for the best stock picks.
Read more »
Indigenous group emerges as ally for miners fighting heritage lawResources groups, explorers and farmers say the West Australian proposal, due to start on July 1, is “shambolic” and will hold up new projects.
Read more »
Labor pledges $2b extra housing support as bill stallsThousands of new homes will be created for public housing tenants with state and territory governments set to receive a $2 billion boost within the next fortnight.
Read more »