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News by Peter Milios

Peter Milios

Peter Milios is a recent graduate from the University of Technology - majoring in Finance and Accounting. Peter is currently working under equity research analyst Di Brookman for Corporate Connect Research.

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Buffett increases stake in five Japanese trading houses

20 Jun 2023 - Warren Buffett's Berkshire Hathaway has increased its stake in Japan's five largest general trading companies to over 8.5 per cent and has expressed its intention for…

ASX reaches highest closing price since April: Aus shares up 0.86%

20 Jun 2023 - The ASX experienced its seventh consecutive day of growth, primarily driven by increases in the energy, real estate, and financial sectors.

ASX up 0.44% at noon as RBA June policy meeting concludes to raise the cash rate

20 Jun 2023 - The RBA June policy meeting minutes revealed that members discussed raising the cash rate or keeping it unchanged, but ultimately decided to increase it due to the sh…

Continued market jitters keep European stocks in the red

20 Jun 2023 - The US markets were closed overnight in observation of Juneteenth. When shifting to European markets, the benchmark Stoxx 600 index closed 1% lower Monday, with almos…

PointsBet enters negotiations with DraftKings for sale of its US business

20 Jun 2023 - Australian sports betting powerhouse PointsBet (ASX:PBH) has increased by nearly 20 per cent to its highest level in a month after announcing to the market that they …

Key events to watch this week

20 Jun 2023 - US markets will observe a closure on Monday in observance of the Juneteenth holiday, with trading set to resume on Tuesday (Wednesday AEST). While US investors take a…

ASX hits highest point in seven weeks: Aus shares close 0.56% higher

19 Jun 2023 - The ASX experienced a notable surge, reaching its highest point in a span of seven weeks, propelled by substantial growth in nine sectors among the eleven.

Oil prices decline: ASX up 0.43% at noon

19 Jun 2023 - Oil prices experienced a slight decline after recording their first weekly gain in the current month. The focus of investors has shifted towards assessing the outlook…

S&P 500 & Nasdaq record their best weekly performances since March

19 Jun 2023 - Stocks slipped on Friday as Wall Street closed out a huge week in which investors received a pause on rate hikes from the Federal Reserve, plus encouraging inflation …

Three-week high: ASX closes 1.06% higher

16 Jun 2023 - Oil prices in Asia remained stable following a significant increase on Thursday, despite concerns over higher interest rates in the US and Europe.

ASX up 0.54% after strong results from US shares overnight

16 Jun 2023 - The Technology sector recorded robust gains, rallying over 2 per cent after Apple and Microsoft each reset their record highs overnight on Wall Street.

US indexes rally as investors hope the Fed is done raising rates

16 Jun 2023 - The Dow Jones Industrial Average on Thursday rallied more than 400 points and the S&P 500 touched a fresh 13-month high, as investors bet the Federal Reserve was clos…

Longest winning streak in two months: ASX closes 0.19% higher

15 Jun 2023 - The Australian sharemarket experienced its longest winning streak in over two months as a result of interest rate cuts by China to revive its struggling economy.

ASX up 0.1% at noon as NZ falls into a recession

15 Jun 2023 - New Zealand's economy has fallen into a recession as its gross domestic product (GDP) declined by 0.1 per cent in the March quarter, marking two consecutive quarters …

S&P 500 ekes out a narrow gain as the Fed pauses rate hikes

15 Jun 2023 - Stocks gyrated on Wednesday as the Federal Reserve paused its rate-hiking campaign and signalled it was making progress on fighting inflation.

ASX closes 0.32% higher as Financial sector grows in late afternoon trading

14 Jun 2023 - During the late afternoon trading session, the financial sector experienced a notable increase in its gains.

ASX up 0.19% at noon after US indexes deliver strong results

14 Jun 2023 - In the financial markets, the S&P 500, a stock market index, increased by 0.7 per cent, while the Nasdaq index rose by 0.8 per cent, and the Dow Jones Industrial Aver…

Stocks rise: CPI for May grew at slowest annual rate since Mar' 21

14 Jun 2023 - Stocks rose Tuesday after new inflation data showed price pressures slowed again in May, adding to investor optimism that the Federal Reserve could skip a rate hike w…

Tech and Healthcare drives ASX 0.23% higher

13 Jun 2023 - At the closing bell, the S&P/ASX 200 was 0.23 per cent higher at 7,138.90. The rise was driven by the performance of technology and healthcare stocks.

Oil prices reached their lowest closing level since Dec 2021: ASX 0.07% higher at noon

13 Jun 2023 - At noon, the S&P/ASX 200 is 0.07% higher at 7,127.70. The Australian sharemarket experienced a decline of over 2%, mainly due to the energy sector's poor performance.…

S&P 500 jumps as investors believe the Fed will pause rate hikes

13 Jun 2023 - The S&P 500 jumped to its highest level in 13 months on Monday as traders hoped the Federal Reserve will skip hiking rates when the central bank decides on policy Wed…

Oil prices continue to fall: ASX 0.27% higher at noon

09 Jun 2023 - Overnight, the S&P 500 experienced a 0.6 per cent increase, signalling its entry into a bull market. Similarly, the Nasdaq rose by 1 per cent, and the Dow Jones saw a…

S&P 500 hits highest closing level in 2023

09 Jun 2023 - Stocks climbed Thursday as the market built on its recent gains, and traders looked ahead to key inflation data next week as well as the Federal Reserve’s latest poli…

Tech and Real Estate weigh down index: ASX closes 0.26% lower

08 Jun 2023 - At the closing bell, the S&P/ASX 200 was 0.26 per cent lower at 7,099.70. The drop was mainly driven by losses in the technology and real estate sectors.

Bond yields surge: ASX 0.09% lower at noon

08 Jun 2023 - At noon, the S&P/ASX 200 is 0.09 per cent lower at 7,111.50, as certain sectors sensitive to interest rates declined, while commodity sectors saw gains due to rising …