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 MoreFranklin Templeton Prepares Nasdaq Debut For ETFs That Turn Stock Dividends Into Bitcoin
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Franklin Templeton registered two Bitcoin dividend reinvestment ETFs for trading on Nasdaq on Thursday.
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The filings follow a June proposal and several delays to the funds’ launch date.
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SoSoValue Data shows the company also operates the Franklin Bitcoin ETF (EZBC),
The Burst
Market Commentary: Billionaire Buys Gold, Explains Why
In the pantheon of investors, Stanley Druckenmiller is revered as one of the best. When he managed money he had a track record over 30 years of 30% plus returns annually net of fees. Truly a spectacular record.
Read MoreThe Ivy
Red Hot Inflation, Volatility Soars And Scary Prediction
When the CPI news hit the wires, the market immediately started to sell off on Wednesday. Concerns rose that inflation, which many thought had tempered, was in fact red hot.
Translation: The Federal Reserve would be less likely to cut rates. And since rate cuts have been priced in, the only way for the market to go was down,
» Read more about: Red Hot Inflation, Volatility Soars And Scary Prediction »
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