BetaShares Nasdaq 100 ETF Hits All-Time High Amid Tech Surge
The BetaShares Nasdaq 100 ETF (ASX: NDQ) has hit a new all-time high, closing at $50.43 after peaking at $50.72. This milestone reflects a 35% rise in 2024, driven by major tech players like Apple and Tesla. Investors are urged to assess their strategies as the tech sector continues to thrive, presenting intriguing opportunities for growth.
Macmahon Reveals $39.6 Million Exposure to Calidus Resources Collapse
Mining contractor Macmahon reveals $39.6 million exposure to Calidus Resources collapse, remains hopeful of recovering dues. Calidus under receivership of Kordamentha amid $60 million creditor dispute. Macmahon’s strategic approach to managing impact highlights complexities in mining industry.
Australia’s Sharemarket Anticipates Rebound Amidst US Monetary Policy Speculation
Australia’s sharemarket is poised for a potential rebound as ASX futures indicate a 0.3% increase on Monday. Traders await Jerome Powell’s remarks on US monetary policy, with expectations of a more hawkish stance. Strong local inflation figures have shifted interest rate forecasts, leading to speculation of further rate hikes. Powell is expected to address prolonged inflationary pressures and may signal a shift from easing measures. Market analysts predict modest rate cuts in September, highlighting the importance of Powell’s upcoming press conference for global financial markets.
Australian Stock Market Reaches Record High: Top ASX Shares to Consider for February 2024
The Australian stock market is experiencing significant growth, with the S&P/ASX 200 Index reaching a record high at the end of January 2024. With the possibility of interest rate cuts on the horizon, now may be an opportune time for…