The ASX managed to claw out a tiny gain this week, up 5.1 points, with online retail stocks and gold shares faring well. It wasn’t smooth sailing for all, however, with Unibail-Rodamco-Westfield and Fortescue Metals slumping across the week.
The latest Australian unemployment data could guide local investor sentiment, however, US markets continue to prove a key lead indicator for the ASX, particularly tech shares.
For the second week in a row, tech shares were left vulnerable to heightened market volatility, while energy shares also came under pressure as the price of oil sunk abruptly.
See which shares were favoured, or fell out of favour among the SelfWealth community during August
Volatility in the tech sector is set to shape the market this week, as might the impact of an extended lockdown in Melbourne. CSL, ASX, South32 and Sonic Healthcare are just some of the stocks that will trade ex-dividend this week.
Tech shares ended the week on a sour note, as investors panicked over a sell-down in US stocks. BNPL companies such as Sezzle, Zip and Afterpay were also dealt a blow as PayPal signalled its intentions to compete in the segment.
With the overwhelming majority of companies now having reported to the market, attention will shift to matters surrounding the economy, including second-quarter Australian GDP and the latest interest rate decision from the RBA.
Local shares lagged most international markets this week, ignoring positive offshore sentiment and earnings results that were largely in line or better than expected
Woolworths (ASX: WOW) has reported its full-year results for FY20. We take a look at the company's headline figures, key commentary and guidance outlook, plus review the share market's reaction across the trading day
Afterpay (ASX: APT) has reported its full-year results for FY20. We take a look at the company's headline figures, key commentary and guidance outlook, plus review the share market's reaction across the trading day
Two of the market’s biggest success stories in 2020 will be front and centre this week, with Fortescue Metals and Afterpay both set to release highly anticipated results.
Fortescue Metals Group (ASX: FMG) has reported its full-year results for FY20. We take a look at the company's headline figures, key commentary and guidance outlook, plus review the share market's reaction across the trading day
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