ASX 200 ‘holding up reasonably well' under current circumstances

CommSec's Tom Piotrowski claims the ASX 200 is 'holding up reasonably well' under current circumstances as the conflict between Israel and Iran continues to affect oil prices and impact the markets.
'Yesterday we all saw a modest decline, today, another one is predicted at the open,' he told Sky News Australia.
'So, our market is holding up reasonably well under the circumstances, again, reflecting that containment of the negative sentiment that has dominated so far.'

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Sky News AU

4 hours ago

• Sky News AU

Victoria put on ‘credit-rating watch' amid Treasurer Jaclyn Symes's economic mismanagement

Victoria Shadow Treasurer James Newbury discusses lawyer and Victorian Treasurer Jaclyn Symes's New York visit amid Victoria's growing economic debt. 'The credit rating agencies contradicted everything she said, they said there are fundamental issues which we know, with the government's mismanagement,' Mr Newbury told Sky News host Steve Price. 'The fact that they've put us on a credit-rating watch tells us why we have the worst credit rating in the country.'

Sky News AU

4 hours ago

• Sky News AU

‘Draconian' Victorian Government imposes hefty fine for farmers

Victoria Shadow Treasurer James Newbury says the Victorian Government is telling farmers they will be fined $12,210 if they block transmission companies land access. 'It's shocking and they're doing this not just to regional Victoria, but also in the city,' Mr Newbury told Sky News host Steve Price. 'The government is taking over planning controls … now saying to farmers we're going to come along with a massive stick if you say no. 'What the government's doing is draconian.'

News.com.au

4 hours ago

• News.com.au

Collingwood: ‘The Lamington' pad's red hot auction result

An ultra-cool Collingwood apartment known as the Lamington has smashed expectations after selling for more than $1m on Saturday. The two-bedroom home at 3F/68 Oxford St with red tiles, metals and glass throughout was advertised with a $900,000-$950,000 asking range. Short-listed for an Australian Institute of Architects' interiors award, the warehouse conversion is located within a factory complex that formerly belonged to one of Australia's first department store chains, Foy & Gibson. The apartment's owner commissioned architectural practice Rexroth Mannasmann Collective to transform its shell into an eclectic abode with a wall of tall windows, 3.6m-high steel-trussed ceilings and polished hardwood floorboards. A horizontal red line features on many of the walls including in the open-plan living and dining area is much like a strip of jam inside a lamington – contributing to the apartment's unofficial name. There's also a central pod within the home containing a laundry and bathroom. One of the pod's walls has a flip-top desk and foldaway bed. The residence has been featured in both Vogue Living and the Architectural Review magazines. Jellis Craig inner north partner Simon Shrimpton said a $900,000 bid started the auction as three bidders competed for the 'very cool' apartment. It was placed on the market at $950,000 and ended up fetching $1.025m. 'The apartment sold a young couple from Fitzroy and the underbidders were a couple downsizing from the eastern suburbs,' Mr Shrimpton said. 'The couple who bought were very excited, they were the first to inquire and the first ones through the door at the first open for inspection,' Mr Shrimpton said. 'They were absolutely in love with the place and all the design aspects and nuances it has.' Mr Shrimpton said that for inner Melbourne apartments, well-designed homes with stylish flair tended to attract a lot of interest. 'Bespoke, architecturally-designed apartments are few and far between and when they are offered to the market, buyers will always line up to compete for them,' he added. Also on Saturday, a double-fronted, Victorian-era house at 1 Peel St, Newport, sold for $1.21m. The three-bedroom house, in need of some work including replastering, had a $1.05m reserve. The Agency property partners Leigh Melbourne and Noah Lautman-Wurt had the listing. Mr Melbourne said that a young couple from the western suburbs purchased the property, out of three bidders. 'The bidding was fast and furious,' Mr Melbourne said. He noted that homes at Peel St's bottom end, near The Strand in Williamstown, did not often come up for sale. 'In my 25 years covering the area, it's the second property I have sold down here,' he said. Mr Lautman-Wurt said the auction started with a $1m bid, with a buyer's advocate and family among the underbidders.