ASX 200 Rises 0.4% to 8,843 as Banks and Defensive Stocks Lift Market While Challenger Jumps on Takeover Bid
SYDNEY — Australian shares rose for a second straight session on Monday, shrugging off a weak lead from Wall Street as banks and defensive stocks offset another sell-off in technology shares, while annuities provider Challenger surged on a takeover proposal.
The S&P/ASX 200 index was up 37 points, or 0.42%, at 8,843.7 during the closing auction,
Read MoreDeposit rate cut comes when inflation already eats up savings
Highlights:
- September’s 8.34% inflation erodes savers’ real purchasing power.
- Retirees face financial pressure as interest income declines.
- Strong deposit growth and weak credit demand drive rate cuts.
- Private-sector credit growth remains below 5% for over six months.
» Read more about: Deposit rate cut comes when inflation already eats up savings »
Read MoreNo ‘Black Monday’? Nasdaq, S&P 500, Dow Futures Spike As Big Tech Earnings Loom This Week — Retail Stays Cautious
U.S. stock futures rebound after the Nasdaq’s worst week since early June, as investors look ahead to earnings from Netflix, Tesla and Meta.
- Nasdaq futures rise more than 1%, while S&P 500 futures gain 0.6%.
- Netflix, SpaceX, Tesla and Meta report Q3 results this week.
- Retail sentiment is mixed ahead of the 39th anniversary of the 1987 stock market crash.
[Economy] Issuance of 'Japanese Government Bonds for Individuals' Expected to Reach Record High in a World with Interest Rates ── 10-Year Floating Rate to Reach 2.05% …
According to an announcement by the Ministry of Finance, it has been revealed that the issuance of ‘Japanese Government Bonds for Individuals’ in the domestic market for fiscal year 2026 is expected to reach a record high.
Against the backdrop of the full-scale arrival of a ‘world with interest rates,’ a shift of funds from households is accelerating toward these bonds as a safe asset management destination with no risk of principal loss.
Read MoreHigh-tech stocks fall on AI investment anxiety, gold hits 3-month low | 10/23 Market Commentary
Introduction
Hello. Today is Friday, October 23rd. In this article, I will summarize the movements of the US market on Thursday the 22nd, the Tokyo market on Friday the 23rd, and the price movements of gold and silver.
The keywords for the latter half of this week are anxiety over whether “investments in AI can be recouped”
Read MoreThe Burst
Best AI Stock That’s Not Nvidia?
While the buzz around Artificial Intelligence (AI) has recently centered around companies like Nvidia, which boasts a trillion-dollar market cap, investors may be overlooking a potential gem in the tech landscape—NXP Semiconductors (NASDAQ: NXPI).
Despite its more modest market performance, NXP brings a unique approach to AI that could make it an intriguing investment opportunity.
» Read more about: Best AI Stock That’s Not Nvidia? »
Read MoreThe Ivy
36 Stocks Up 30% Year-to-Date
Famously, a common pitfall of ordinary traders is to buy the dip and ignore the stocks going from strength to strength. It’s just so tempting to buy stocks that have sold off in the hopes of making the big returns while ignoring those powering higher from one day to the next.
If we turn our attention to those stocks that have been going higher this year,
» Read more about: 36 Stocks Up 30% Year-to-Date »
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