The XJO is expected to open lower this morning following a small pullback in the U.S on Friday. Their futures are flat this morning. The U.S is starting to show a slowdown or consolidation after it dog-legged higher recently to be within arms reach of their all-time highs. Our market, which had finally decided to
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For the past 12 months, MyState Bank (ASX: MYS) has been hot in the lending market as Australians seeking to refinance their mortgages to the lowest available rate have regularly landed at MyState which has consistently been more competitive than the Big Four banks. But with all of those new loans written, the Tasmanian-based MyState
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As blockchain technology continues to disrupt traditional financial institutions, digital payments company Novatti Group (ASX: NOV) has secured a range of new investors keen for a slice of their AUDD stablecoin business which has minted more than $4 million since launching. AUDD is a 1:1 fiat-backed stablecoin that enables businesses, people and governments to make
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Rest, one of Australia’s premier profit-to-member superannuation funds and a key ally of Link, has entered into a trial partnership with workplace compliance solutions provider Wrkr (ASX: WRK). The collaboration aims to test various innovative solutions that could reshape the landscape of superannuation administration. Rest manages about $75 billion in funds with nearly two million
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Despite the challenges of COVID-19, Australia’s wealth management market saw a 3% rise, reaching $1.2 trillion in assets (excluding superannuation). Thanks to a resilient stock market, rising asset values, and increased savings, the future looks promising especially over the next five years, according to research by management consulting firm Oliver Wyman. Finance professionals are often
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The XJO is expected to rally once again on open this morning following an indecisive night in the U.S. Their futures have edged into the red. Our expected open is near key resistance at roughly 7,450 which we seem likely we test today. Our strength despite the U.S, is likely us simply playing catchup since
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