Banking and Insurance—Financial Magnates
Banking and insurance are two major branches of the financial industry, often mirroring the larger economic climate. In economic upswings, banks typically benefit from increased lending. Similarly, insurance companies tend to grow as individuals and companies look for protection against an increasing array of risks. During economic downturns, both banking and insurance often show resilience due to the enduring need for their services. Investing in banking and insurance stocks can help keep a portfolio stable during market fluctuations.
- 1378.231
- -8.320-0.60%
20min DelayMarket Closed Mar 31 16:00 AET
1386.551High1362.056Low
1379.378Open1386.551Pre Close34.35MVolume1Rise18.35P/E (Static)1.14BTurnover--Flatline0.22%Turnover Ratio624.10BMarket Cap6Fall619.64BFloat Cap
• Stocks fall despite better-than-expected Q4 U.S. GDP
• Australian stocks extend slide on tariff uncertainty
• Stocks to watch: CTD, IPL and etc.
Wall Street Summary
Despite an upward revision in the U.S. Q4 GDP growth rate from a previously estimated 2.3% to 2.4%, stocks fell. However, this was still a slowdown compared to Q3's 3.1% growth...
Top losers: $Paladin Energy Ltd (PDN.AU)$, $Neuren Pharmaceuticals Ltd (NEU.AU)$ and $Mercury NZ Ltd (MCY.AU)$
Market summary
$S&P/ASX 200 (.XJO.AU)$ rose by 0.7 per cent, or 56.5 points, to close at 7999, just shy of the 8000-point mark in late trading. This marked the local bour...
• Consumer confidence falls but major stock indexes still rise
• Australian markets extend yesterday's gains, await February CPI data
• Stocks to watch: PDN, HM1 and etc.
Wall Street Summary
The Conference Board reported on Tuesday morning that its consumer confidence index fell 7.2 points to 92.9 in March. Worse still, the index of expectations for the indicato...
• Stock market indexes soar after Trump says he may offer tariff relief to multiple countries
• Australian stocks rise for fourth straight day
• Stocks to watch: GOR, NHC and etc.
Wall Street Summary
Stock market indexes surged following reports that upcoming tariffs might exclude certain industries and countries. The Wall Street ...
Top losers: $James Hardie Industries PLC (JHX.AU)$, $Bellevue Gold Ltd (BGL.AU)$ and $Coronado Global Resources Inc (CRN.AU)$
Market summary
$S&P/ASX 200 (.XJO.AU)$ rises slightly by 0.1%, or 5.7 points, closing at 7936.9. On Monday, the index fluctuated betwe...
The Australian share market ended the week on a positive note, with the $S&P/ASX 200 (.XJO.AU)$ rising 1.82% to close at 7931.20 this week. This capped off the best weekly performance of the year, breaking a four-week losing streak. The rally was largely driven by strong performances in supermarket stocks.
All 11 sectors posted gains over the week, with Consumer Staples emerging as the to...
My generation will be voting for change. With Gen Z, we've been hit with the biggest jumps in interest rates and rents in a decade – while property prices are out of reach, and electricity bills are at record highs. Three key changes we're voting...
Top losers: $Summerset Group Holdings Ltd (SNZ.AU)$, $Spark New Zealand Ltd (SPK.AU)$ and $James Hardie Industries PLC (JHX.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ rose 1.2% to 7,918.9. The ASX saw extended gains as a surprise drop in Australian jobs in February raised hopes for a May interest rate cut...
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