Australian sharemarket bounces back, despite challenges

The Australian economy over the past 12 months has been more resilient than ours. (Image: Unsplash)

Sat, 09 Sep 2023

Last week, I wrote about New Zealand’s rather underwhelming local earnings season. In fact, it was so underwhelming that this week, the gains for this year on the NZ sharemarket, as represented by the NZX 50, were completely wiped out. This week, I’ll go across the ditch to see if they’ve done any better in the lucky country. Sadly, it doesn’t justify a shopping trip to Melbourne's Toorak Road or, even better, a dinner out at Mimi’s in Coogee beach. Rather, it will be the view from 20,000 feet. Report...

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