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Sarah Turner , சாரா டர்னர் ,

ASX to drop; ASIC hits Austal with legal action


ASX rises; Iress says no direct approach
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Iress says hasn’t received a direct approach
Sarah Turner
The Australian Financial Review about market activity by an unknown participant or participants.
The company can confirm that it has not received any direct approach. As a result, it said it’s not in a position to comment further.
Iress shares are up 17 per cent this morning at $1.865.
15 mins ago – 10.50AM
Proxy puzzle pits operators against owners
Jonathan Shapiro
Shortly after the Treasurer declared war on proxy advisers, several of us reporters found ourselves in the company of a senior executive of a large listed company. ....

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ASX seesaws; Altium rejects Autodesk takeover offer


ASX dips; S&P moves Australia to stable
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S&P revises Australia outlook to stable, affirms ratings
Phillip Coorey
Australia has bucked the global trend and had its credit rating taken off negative watch in response to what agency S&P says was the government’s swift and decisive repose to the coronavirus pandemic.
In a statement that has buoyed the Morison government, S&P revised its long-term rating for Australia from negative to stable.
“At the same time, we affirmed our AAA long-term and ‘A-1+’ short-term unsolicited sovereign credit ratings on Australia,” it said in a statement issued Monday. ....

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ASX to rise; ASIC sues AMP


ASX closes flat; Miners surge, Costa sinks
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Alex Gluyas
A rally in bond prices has provided fund managers the opportunity to capitalise on a burst of interest in technology stocks before a pivot in central bank policy pushes yields higher, and instigates a rotation away from growth and into value, strategists say.
GSFM adviser Stephen Miller. 
Andrew Quilty
The ongoing dovish commentary from the US Federal Reserve reiterating that inflationary pressures are transitory has supported a bounce back in tech stocks over the past week, but not necessarily a sustainable one.
“A concerted effort from key Federal Reserve speakers, who have sought to cast any inflation as transitory, appears to have worked, as bond yields have retreated from their highs and equity markets have ground out rallies,” said GSFM investment strategist, Stephen Miller. ....

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