1. Investors are growing increasingly interested in gold and gold mining stocks, suggesting they’re fearful of another share market drop. Gold reached a record high on Monday, rising to US$1944 an ounce. Want to know more about investing in gold? Watch this space!
2. Afterpay has spoken out about rising buy-now, pay later rival Klarna (now part-owned by the Commonwealth Bank) saying Klarna’s constant checking of user credit files is not responsible lending conduct. Competitors do engage in battle tactics!
3. Publicly-listed company LVMH (the world’s largest luxury goods group that owns Louis Vuitton, Christian Dior, TAG Heur and more) has reported signs of a recovery, particularly a strong rebound in the Chinese market. CEO Bernard Arnault said LVMH “was in an excellent position to take advantage of the recovery”, despite an 84% drop in profits in 2020.
4. Online homeware retailer Temple & Webster says their revenue has soared 74% this year. The e-commerce retailer reported positive cash flow, no debt and a 77% increase in active customers.
5. The ASX is tipped to open higher after Wall Street rose yesterday due to a surge in tech stocks. Amazon.com, Google parent Alphabet and Apple led the major US indexes higher, solidifying tech as the best performing sector.
