Investors will be keeping an eye on whether the ASX 200 can set a new record this week, with quarterly reports both home and abroad set to determine whether positive momentum can continue.
The local share market has moved within sight of an all-time high after recording another weekly gain. Once-loved names from the lithium and BNPL segments have taken flight again.
The biotechnology sector was a prominent investment theme in 2020, and last month, some of the big names from this sector had a standout month. But what about some of the lesser-known companies that are looking to make scientific breakthroughs? Our friends at ETF Securities Australia look at five innovative global biotech companies, and how you can gain exposure to them.
SelfWealth is proud to be recognised as a 2020 Technology Fast 500 Asia Pacific winner by Deloitte, with our strong revenue growth of 668% over the last three years earning us a place as the 85th fastest-growing tech company across the region.
The ASX 200 is looking to reclaim 7,000 points following a positive from overseas markets,however, the beginning of US reporting season will test global equities throughout the week.
Local shares managed to pass an important threshold, even if only temporary, but the shift in sentiment was clearly on show as high-growth assets outperformed this week.
See which ASX and US shares were favoured, or fell out of favour among the SelfWealth community during March
Following the strong performance of overseas markets leading into and coming out of the long weekend, the ASX is looking at a strong open, with both the RBA and Fed Reserve in action this week.
It might be a shorter trading week, but the coming days are still expected to see a flurry of activity as the economic data flows through thick and fast, and a number of IPOs prepare to list.
While most international stock markets faltered this week on the back of tech weakness in the US, the ASX held firm, with a number of household names delivering solid performances across the week.
Investors will be hoping that bond yields remain in check over the coming days as PCE inflation and commentary from members of the US Federal Reserve loom ahead. Locally, iron ore and energy prices have been susceptible to recent weakness, and Crown Resorts is the subject of a takeover bid.
Local shares struggled to edge higher this week as some of the largest constituents on the ASX, namely Afterpay and the trio of iron ore giants, were each confronted with potential headwinds.
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