Weekly Wraps

  • FINSOC Weekly Wraps Vol.13image preview for post

    FINSOC Weekly Wraps Vol.13

    Released: 13-06-2021

    – Technology stocks lead ASX to reach a record high of 7312.3 points – Bitcoin bounces back from its lowest price since May – Meat and food processing giant JBS Australia rights a $175m deal to purchase Rivalea Australia – Top performers of the market for this week are Materials and IT, followed by Energy and Health Care sectors – Australia’s AAA credit outlook from changes from negative to neutral, reflecting Australia’s strong economic recovery credited to massive fiscal and monetary stimulus.

  • FINSOC Weekly Wraps Vol.12image preview for post

    FINSOC Weekly Wraps Vol.12

    Released: 06-06-2021

    • Australia’s economy’s exceeds expectations, at 0.8% larger than its previous peak pre-COVID. • The resources sector demonstrates immunity to economic challenges faced by other sectors, contributing to Australia’s trade surplus of more than $8b. • Bitcoin has taken a fall after Tesla CEO Elon Musk’s comments on Twitter suggesting he has “fallen out of love” with the world’s top cryptocurrency. • US e-commerce site Etsy has acquired popular peer-to-peer social shopping app Depop for A$2.1b.

  • FINSOC Weekly Wraps Vol.11image preview for post

    FINSOC Weekly Wraps Vol.11

    Released: 25-04-2021

    – Credit Suisse raises $2.6b to manage the collapse of Archegos Capital Management which lead to ~$6b in losses.- The ASX 200 comes out with a 0.08% gain after a substantial mid-week dip.- Joe Biden called for an increased capital gains tax rate for investors earning >US$1mil.- Lithium miners Orocobre Limited and Galaxy Resources Limited have agreed to merge with a combined value of $4 billion to attract global institutional attention.

  • FINSOC Weekly Wraps Vol.10image preview for post

    FINSOC Weekly Wraps Vol.10

    Released: 18-04-2021

    – Citigroup has decided to discontinue its Australian consumer banking products, ending a 36 year run to focus on its investment banking services in Australia. – The ABS has reported a drop in unemployment rate of 0.2%, down to 5.6% since February . – The ASX 200 continues to rise, ending on a 13-month high of 7063.5.- International: Coca-Cola Amatil shareholders voted in favor of a $9.8 billion acquisition offer from Coca Cola European Partners. – This week’s company spotlight studies how Crown Resorts Limited has navigated its way throughout regulatory controversies and restrictions amidst the pandemic.

  • FINSOC Weekly Wraps Vol.09image preview for post

    FINSOC Weekly Wraps Vol.09

    Released: 11-04-2021

    – Major Facebook data leak exposes the personal data of over 500 million users.- Chinese regulators fines Alibaba $3.7b for violating competition laws. – ASX200 rises to a 12 month high.- This week’s company spotlight details the share price performance of Woolworths Group.

  • FINSOC Weekly Wraps Vol.08image preview for post

    FINSOC Weekly Wraps Vol.08

    Released: 04-04-2021

    – The Australian housing market is experiencing it’s largest monthly price surge in 32 years- The Ever Given cargo ship was finally freed from the Suez Canal; it was estimated to have held up $9.6billion worth of trade- US President Joe Biden has proposed a $2.3 trillion economic stimulus package- Deloitte has acquired financial services firm Rice Warner for one-times current revenue- This week’s company spotlight examines furniture retailer Adairs Limited

  • FINSOC Weekly Wraps Vol.07image preview for post

    FINSOC Weekly Wraps Vol.07

    Released: 28-03-2021

    – The JobKeeper wage subsidy ($93 billion) has ended today on 28th March – The RBA is pushing for an unemployment rate of 3-4% in order for wages growth to increase and inflation to return to the 2-3% target. – Blackstone has offered a takeover bid to acquire Crown Resorts at $11.85 per share. – International: There are talks of a potential acquisition of Discord by Microsoft for more than $10 billion USD – This week’s company spotlight examines Fortescue Metals Group Limited and its expansion throughout the COVID-19 pandemic.

  • FINSOC Weekly Wraps Vol.06image preview for post

    FINSOC Weekly Wraps Vol.06

    Released: 14-03-2021

    – The government has announced to invest an additional $1.1 billion to extend Australia’s covid-19 health response- The RBA has raised concerns on house prices following the major cut in interest rates- Leaders of the US, Australia, India and Japan agreed to send 1 billion coronavirus vaccines to Asian and Pacific Island countries – This week’s company spotlight looks into AMP Limited and its performance over the last year- General Electric agreed to sell its jet-leasing business to rival AerCap Holdings

  • FINSOC Weekly Wraps Vol.04image preview for post

    FINSOC Weekly Wraps Vol.04

    Released: 28-02-2021

    – Australia passes law that will require Facebook and Google to pay for news – First doses of the Oxford AstraZeneca vaccine has arrived in Australia- 20 million Covid vaccine doses have been administered in the UK- Private equity firm, L Catterton, is looking to acquire Birkenstock – This weeks company spotlight delves into Bega Cheese and its performance over the last 12 months.

  • FINSOC Weekly Wraps Vol.03image preview for post

    FINSOC Weekly Wraps Vol.03

    Released: 14-02-2021

    – JobKeeper scheme to conclude on the 28th March – 80,000 Pfizer vaccines on track to be rolled out this month in Australia – Crown casino unable to operate a casino license on its new Barangaroo location after Independent Liquor and Gaming Authority commissioned a report. – School banking programs such as CommBank’s Dollarmites to be phased out – Victoria’s stage 4 lockdowns cause sharemarket to suffer, especially the travel industry- This week’s company spotlight delves into Qantas and their stock performance over the last 12 months.