Switzer Daily
22 July 2021
Australia might not yet have the zero-cost broking model for local
shares popularised by the US platform Robinhood – or not yet anyway - but that
hasn’t stopped younger Australians from discovering the delights of share
trading.
Call them millennials or Zoomers, they’ve been using their latest
lockdown time to good effect. What’s more, they’re not just trading the ‘meme’
stocks plugged by dubious influencers on Reddit or TikTok.
The trends bode well for
SelfWealth (SFW), the only listed
low-cost broker which works on a flat fee of $9.50 per trade.
The company claims to be the country’s fifth biggest retail broker
By Tim Boreham, Editor, The New Criterion
As commissions plunge, young traders are going for broker
Australia might not yet have the zero-cost broking model for local shares popularised by the US platform Robinhood or not yet anyway – but that hasn t stopped younger Australians from discovering the delights of share trading.
Call them millennials or Zoomers, they ve been using their latest lockdown time to good effect. What s more, they re not just trading the meme stocks plugged by dubious influencers on Reddit or TikTok.
The trends bode well for
SelfWealth ((SFW)), the only listed low-cost broker which works on a flat fee of $9.50 per trade.
Australian Exports Records Historic High Despite Beijing’s Economic Coercion
Australian exports reached a historic high of $36 billion (US$28 billion) in April on the back of skyrocketing iron ore prices.
Preliminary monthly trade data from the Australian Bureau of Statistics (ABS) also reveals that Australia’s trade goods surplus rose to $10.1 billion (US$7.9 billion), the third-highest on record.
“Exports remained steady, increasing $12.6 million in April, but imports fell $1.9 billion, adding to the already strong surplus recorded in March 2021,” ABS Head of International Statistics Andrew Tomadini said. “The continued strength of metalliferous ores has contributed to total exports for April 2021 reaching a record-high $36 billion.”
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China has lashed out at Australia with another thinly-veiled swipe as relations between the two nations continue to sour.
Australia has been accused of being a part of US-centered, racist, and mafia-styled community due to its intelligence ties with the likes of Canada, the United Kingdom and the United States.
Australia is part of Five Eyes, a long running intelligence alliance with the three nations as well as New Zealand.
The alliance was described as a fake international community with an axis of white supremacy in the Chinese government-controlled Global Times newspaper.
Australia has been accused of being a part of US-centered, racist, and mafia-styled community in the Chinese government-controlled Global Times newspaper. Pictured: President Xi Jinping