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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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ASX closes 0.8% lower as UBS lift their cash rate peak forecast

10 Feb 2023 - UBS Chief Economist George Tharenou has revised his peak cash rate forecast to 3.85 per cent in mid-2023, up from a previous forecast of 3.35 per cent in mid-February…

ASX down despite RBA comments that inflation has likely peaked

10 Feb 2023 - The Reserve Bank of Australia has revised its inflation forecasts, stating that the rapidly rising prices in the country have probably peaked. The central bank upgrad…

US stocks weighed down by poor performances from Alphabet and Meta

10 Feb 2023 - Stocks fell Thursday, giving up early advances as concerns over the Federal Reserve's future moves on monetary policy offset excitement around the latest batch of cor…

Aus dollar increases: ASX closes 0.53% lower

09 Feb 2023 - The Australian dollar has increased by 0.5 per cent due to improved investor sentiment and speculation about a possible interest rate cut by the Chinese central bank.…

The ASX declines by 0.2% at noon amid concerns that recession is looming in the US

09 Feb 2023 - Australia's share market trimmed most of its early decline as US futures slightly rose. The S&P/ASX 200 index decreased by 0.2% at 7512 around midday, after initially…

US stocks fall after the release of more corporate earnings

09 Feb 2023 - US stocks slid Wednesday as investors returned focus to the latest batch of corporate earnings. Wall Street also continued to weigh the outlook for future Federal Res…

Sectors mixed as ASX edges 0.35% higher

08 Feb 2023 - Financials and Materials led the pack, whilst Consumer Staples and Healthcare were today’s laggards.

ASX up 0.29% at noon as Fed signals inflation is declining

08 Feb 2023 - Australia's S&P/ASX 200 index is 0.29 per cent higher at 7,526 after an early rise, with gains in financials, materials, and energy offset by losses in consumer stapl…

Fed Chair rhetoric supports markets as tech layoffs continue

08 Feb 2023 - Stocks advanced Tuesday following Federal Reserve Chair Jerome Powell’s comments that inflation was on the decline.The Fed Chair repeated post-FOMC meeting messaging…

ASX closes 0.46% lower after RBAs 25 basis point hike

07 Feb 2023 - The Reserve Bank of Australia has raised the official interest rate for the ninth consecutive time to 3.35 per cent. The bank indicated that more rate hikes may be ne…

ASX up 0.12% at noon as investors await this afternoon's RBA meeting

07 Feb 2023 - Investors are cautious as they await the outcome of the Reserve Bank's meeting and examine local earnings updates. As a result, the Australian sharemarket remains mos…

Big tech companies are announcing in-house AI projects

07 Feb 2023 - US stocks fell Monday as investors grew increasingly cautious of rising bond yields, while watching the latest batch of corporate earnings. Investors will also watch …

Property sector leads ASX 0.3% lower

06 Feb 2023 - Large property players Goodman Group (ASX:GMG), Dexus (ASX:DXS), Mirvac Group (ASX:MGR) and Charter Hall (ASX:CHC) have all suffered losses in today’s session.

ASX 0.1% lower at noon after all US indices fell over the weekend

06 Feb 2023 - All sectors besides Energy and Materials are trading lower today, after the US sectors fell on Friday due to a strong jobs report, which caused some investors to worr…

Bleak news from major tech companies not enough to spoil Nasdaq's winning streak

06 Feb 2023 - Stocks fell on Friday due to a strong jobs report, causing some investors to worry about the Federal Reserve continuing to raise interest rates. The seemingly endless…

Tin's surging price gets lost in the rush

04 Feb 2023 - Described as the ‘glue’ for electrification, tin connects all elements of electronic devices whilst enabling the free movement of electrons, making it essential to th…

ASX trading 0.37% higher at noon after S&P 500 rises to its highest level in 5 months

03 Feb 2023 - At noon, the S&P/ASX 200 is 0.37% higher at 7,539.60. Coal miners are facing pressure as coal prices decrease, with Whitehaven and New Hope both lower. CSL shares ros…

Meta drives Nasdaq higher: After hours earnings reports mixed

03 Feb 2023 - The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led t…

ASX closes 0.13% higher as Bitcoin spikes and China lifts coal ban

02 Feb 2023 - Bitcoin hit its highest point since August due to investor interpretation of Fed Chairman Powell's comments on inflation as a sign of a less harsh monetary policy. Th…

ASX lifts after the Fed Chairman's comments of a decreasing inflation: ASX up 0.58% at noon

02 Feb 2023 - The ASX has increased 0.58 per cent at noon, as Wall Street gained following Federal Reserve Chairman Jerome Powell's comments that financial conditions have tightene…

Tech earnings drive markets higher: Meta announces US$40b buy back

02 Feb 2023 - Stocks increased on Wednesday due to a change in focus from the quarter-point interest rate hike by the Federal Reserve to comments from Fed Chairman Jerome Powell ac…

ASX hits highest point since April: Aus shares close 0.33% higher

01 Feb 2023 - Australian shares rose 0.3% to close at their highest since April, boosted by real estate and miners.

Inflation has peaked: ASX 0.45% cent higher at noon

01 Feb 2023 - The head of economic analysis at the Reserve Bank of Australia, Marion Kohler, has announced that inflation has peaked at around 8 per cent at the end of 2022 and wil…

Strong earnings and inflation data have boosted the US stocks in Jan

01 Feb 2023 - Stocks rose on Tuesday as strong earnings and encouraging inflation data put the S&P 500 on track for its best January in four years. Traders have assessed how some o…

ASX rose 6.2% in January: Aus shares closed the day 0.07% lower

31 Jan 2023 - Australian shares fluctuated on Tuesday with a 0.4 per cent gain and later 0.2 per cent loss. Consumer stocks led the gains, up 2.3 per cent, while tech stocks weighe…