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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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Gains from tech bellwethers boost US stocks

30 Mar 2023 - Stocks rose broadly Wednesday, as strong gains in tech helped the Nasdaq rebound after a losing session. Sentiment was also lifted by easing concerns around the state…

ASX closes 0.23% higher on hopes inflation has slowed

29 Mar 2023 - At the closing bell, the S&P/ASX 200 was 0.23 per cent higher at 7,050.30, buoyed by hopes that slowing inflation will prompt the Reserve Bank to pause its tightening…

ASX up 0.04% as Australian CPI data misses forecasts

29 Mar 2023 - The Australian inflation rate for February was lower than expected, with a rate of 6.8 per cent compared to the forecasted 7.2 per cent. Housing, food and non-alcohol…

Lithium takeover bid sees global short squeeze play out overnight

29 Mar 2023 - Global equity markets were lower overnight. Despite worries about the crisis among US regional banks quietening thanks in part to policymakers’ efforts to alleviate t…

Gains from Energy and Materials boost ASX: Aus shares close 1% higher

28 Mar 2023 - At the closing bell, the S&P/ASX 200 was 1.04 per cent higher at 7,034.10, with the Energy sector leading the gains and surging 4.1 per cent, followed by the Material…

ASX up 1.1% as retail sales from February released

28 Mar 2023 - According to the Australian Bureau of Statistics, retail sales in Australia increased by 0.2% in February. This follows a 1.8% rise in January. The head of retail sta…

First Citizen acquires large chunk of SVB

28 Mar 2023 - The Dow Jones Industrial Average rose Monday, building on last week’s gains, as investors attempted to move on from the crisis that broke out in the regional bank sec…

ASX closes up by 0.1 per cent despite rise in US futures

27 Mar 2023 - At the closing bell, the S&P/ASX 200 was 0.10 per cent higher at 6,962, and closed almost unchanged despite a rise in US futures.

Energy only sector lagging: ASX up 0.27% at noon

27 Mar 2023 - At noon, the S&P/ASX 200 is 0.27 per cent higher at 6,974.10, with all sectors rising except for Energy.

Deutsche Bank is the latest international bank to tumble

27 Mar 2023 - Stocks rose Friday after a volatile trading session. Although Friday began with fears that the banking crisis was spilling over to Deutsche Bank, the markets rebounde…

Gains from Materials and Utilities not enough to lift the ASX

24 Mar 2023 - Utilities and Materials gained 0.73 per cent and 0.56 per cent respectively. However, it wasn't enough to lift the ASX.

Financials drag ASX down 0.44% at noon

24 Mar 2023 - Overnight, the Financials sector in the US weakened further, with regional stocks falling broadly, in particular the SPDR S&P Regional Banking ETF losing 2.7 per cent…

Gains from tech bellwethers boost US shares

24 Mar 2023 - Stocks ended the session higher on Thursday in what was a turbulent trading session as traders bet that the Federal Reserve may be nearing the end of its rate hiking …

Materials weighs on shares as ASX falls by 0.67%

23 Mar 2023 - At the closing bell, the S&P/ASX 200 was 0.67 per cent lower at 6,968.60, with 9 out of 11 sectors in the red.

All sectors trading lower: ASX down 0.76% at noon

23 Mar 2023 - At noon, the S&P/ASX 200 is 0.76 per cent lower at 6,962.60, with all 11 sectors experiencing losses. Materials performed the worst, dropping by 1.6 per cent.

Fed increases interest rates by 25 basis points

23 Mar 2023 - Stocks tumbled on Wednesday as the Federal Reserve continued hiking rates, while at the same time acknowledging turmoil in the banking sector could slow the already f…

ASX closes 0.87% higher in biggest daily gain in two months

22 Mar 2023 - Australian shares rose by 0.89 per cent today to close at 7,015.60, the largest gain in two months, due mainly to a surge in oil prices that boosted energy stocks. In…

Energy leads the way as ASX is 0.94% higher at noon

22 Mar 2023 - The ASX is up 0.94 per cent at noon with energy stocks leading the rally. Bank shares also rose, with Suncorp (ASX:SUN) up 3 per cent and Bendigo Adelaide (ASX:BEN) u…

US Treasury Secretary reassures intervention to protect smaller banks

22 Mar 2023 - Stocks rose on Tuesday as traders became optimistic on the financial sector’s outlook following Treasury Secretary Janet Yellen’s reassurances to safeguard against fu…

Rebound in financials boosts ASX

21 Mar 2023 - The sharemarket had a positive day on Tuesday, finishing 0.82 per cent higher at 6,955.40, with the financials sector leading the way with a 1.2 per cent gain.

ASX up 1.3% at noon as UBS makes large forecasts

21 Mar 2023 - According to UBS analysts, peak food inflation at Australian supermarkets Coles and Woolworths likely occurred during the December 2022 Christmas shopping period, rea…

US stocks rise after signs the banking sector may be easing

21 Mar 2023 - Stocks closed higher on Monday as traders grew hopeful that a crisis in the banking sector may be easing. The gains followed a forced takeover of Credit Suisse by UBS…

ASX closes 1.38% lower as investors digest Credit Suisse takeover

20 Mar 2023 - On Monday, at the closing bell, the S&P/ASX 200 was 1.38 per cent lower at 6,898.50, as investors considered the takeover of Credit Suisse and awaited the Federal Re…

ASX falls 0.38% at noon as US investors pull back on bank stocks

20 Mar 2023 - Nine out of eleven sectors are trading lower today, in response to poor performance on Wall Street over the weekend, including the news that investors were pulling ba…

UBS purchases Credit Suisse for US$3.25bn

20 Mar 2023 - Stocks fell Friday as investors pulled back from positions in First Republic and other bank shares amid lingering concerns over the state of the US banking sector.