Australia: S&P/ASX 200 (.AXJO) staging a stunning turnaround in the last hour of trade

Australia: S&P/ASX 200 (.AXJO) staging a stunning turnaround in the last hour of trade

Australia: S&P/ASX 200 (.AXJO) staging a stunning turnaround in the last hour of trade  The ASX 200 index finished the session up 3 points, staging a stunning turnaround in the last hour of trade as banks & miners recovered earlier losses. Australian shares rallied late on Thursday to close the session higher as mild losses […]

Australia: S&P/ASX 200 (.AXJO) continues to weaken

Australia: S&P/ASX 200 (.AXJO) continues to weaken

Australia: S&P/ASX 200 (.AXJO) continues to weaken Australian shares extended their losses from the previous session on Wednesday, as the financial, material and energy stocks wiped $30.3 billion from the ASX board. The S&P/ASX 200 Index closed 101.4 points, or 1.7 per cent, lower at 5732.8 while the broad All Ordinaries Index fell 100.3 points, […]

Australia: S&P/ASX 200 (.AXJO) taken a hit after fears of a slowdown in global growth

Australia: S&P/ASX 200 (.AXJO) taken a hit after fears of a slowdown in global growth

Australia: S&P/ASX 200 (.AXJO) taken a hit after fears of a slowdown in global growth Australia’s stock market has taken a hit after fears of a slowdown in global growth and demand slashed the price of big-name US technology stocks. The benchmark S&P/ASX 200 index had fallen by more than 100 points or 1.8 per cent […]

Australia: S&P/ASX 200 (.AXJO) started the week in positive territory

Australia: S&P/ASX 200 (.AXJO) started the week in positive territory

Australia: S&P/ASX 200 (.AXJO) started the week in positive territory The Australian share market started the week in positive territory, clawing back from early losses after most sectors entered positive territory and Utilities continued to shine Mining stocks entered positive territory after the iron ore price lifted while Financial stocks remained underwater. Also capping gains […]

Australia: S&P/ASX 200 (.AXJO) poised to start the week lower

Australia: S&P/ASX 200 (.AXJO) poised to start the week lower

Australia: S&P/ASX 200 (.AXJO) poised to start the week lower Australian shares are poised to start the week lower, dragged down by a tech rout on Wall Street. Base metals also retreated and oil extended its rout. ASX futures were 37 points lower. Shares on Wall Street fell to end their week, with the S&P […]

Australia: S&P/ASX 200 (.AXJO) investors await the RBA for guidance

Australia: S&P/ASX 200 (.AXJO) investors await the RBA for guidance

Australia: S&P/ASX 200 (.AXJO) investors await the RBA for guidance Australian futures are lower as investors await the RBA for guidance on the outlook for rates. ASX futures were down 14 points at 5.40am AEDT. The US Federal Reserve released its latest statement at 6am AEDT. At the end of a two-day gathering, the Fed held interest […]

Australia: S&P/ASX 200 (.AXJO) share market flat and one sector is keeping the bourse’s head above water

Australia: S&P/ASX 200 (.AXJO) share market flat and one sector is keeping the bourse’s head above water

Australia: S&P/ASX 200 (.AXJO) share market flat and one sector is keeping the bourse’s head above water Energy and materials stocks are keeping the Australian share market flat at the open, with the financial sector keeping the bourse’s head above water. The benchmark S&P/ASX200 index was up 7.1 points to 5882.3 at 1030 AEDT on […]

Australia: S&P/ASX 200 (.AXJO) Reserve Bank left interest rates on hold

Australia: S&P/ASX 200 (.AXJO) Reserve Bank left interest rates on hold

Australia: S&P/ASX 200 (.AXJO) Reserve Bank left interest rates on hold The Australian sharemarket steadily climbed on volume well-below average as the Reserve Bank left interest rates on hold and retained its upbeat growth outlook. Following gains of 0.7 per cent on Wall Street last night, the S&P-ASX climbed 57.1 points, or 0.98 per cent, […]

Australia: S&P/ASX 200 (.AXJO) struggling for gains

Australia: S&P/ASX 200 (.AXJO) struggling for gains

Australia: S&P/ASX 200 (.AXJO) struggling for gains Australia’s ASX 200 struggled for gains, finishing down 31.10 points, or 0.53 percent, at 5,818.10 as most sectors declined. The energy sector fell 1.31 percent as oil stocks mostly sold off. Shares of Santos fell 1.55 percent, Oil Search was down 1.31 percent and Woodside Petroleum declined 2.28 […]

Australia: S&P/ASX 200 (.AXJO) recorded its fifth straight advance

Australia: S&P/ASX 200 (.AXJO) recorded its fifth straight advance

Australia: S&P/ASX 200 (.AXJO) recorded its fifth straight advance Australian shares are set to open moderately higher after Wall Street rebounded for a second consecutive day. The Australian dollar has slipped to 70.7 US cents and 62.5 euro cents. But it fell sharply to 55.4 British pence — after the UK’s Brexit secretary, Dominic Raab, […]

Australia: S&P/ASX 200 (.AXJO) weak Chinese manufacturing data

Australia: S&P/ASX 200 (.AXJO) weak Chinese manufacturing data

Australia: S&P/ASX 200 (.AXJO) weak Chinese manufacturing data The Australian sharemarket finished in the black as a late window-dressing surge swept aside weak Chinese manufacturing data took and earlier profit taking hit the major banks. The S&P-ASX 200 index opened 0.3 per cent higher and traded in-and-out of the red for most of the session. […]

Australia: S&P/ASX 200 (.AXJO) hint of a short-squeeze

Australia: S&P/ASX 200 (.AXJO) hint of a short-squeeze

Australia: S&P/ASX 200 (.AXJO) hint of a short-squeeze The Australian sharemarket more than reversed early losses as dividend hunters bought the major banks, with further impetus coming from easing US-China trade war jitters. The S&P-ASX 200 index opened 0.8 per cent down and spent the whole morning session in the red after the US S&P […]

Australia: S&P/ASX 200 (.AXJO) expected to open in the red

Australia: S&P/ASX 200 (.AXJO) expected to open in the red

Australia: S&P/ASX 200 (.AXJO) expected to open in the red Unfortunately, on Tuesday the Australian share market is expected to open the day deep in the red. According to the latest SPI futures, the S&P/ASX 200 is poised to open 0.8% or 47 points lower. This follows a disappointing night of trade on Wall Street […]

Australia: S&P/ASX 200 (.AXJO) volatility has been a key market theme

Australia: S&P/ASX 200 (.AXJO) volatility has been a key market theme

Australia: S&P/ASX 200 (.AXJO) volatility has been a key market theme The return of volatility has been a key market theme this year and appears likely to intensify, at least in the short term, from Wall Street to the ASX, which is set to open weaker on Monday. The Dow Jones Industrial Average swung wildly […]

Australia: S&P/ASX 200 (.AXJO) opened at its lowest level this year

Australia:  S&P/ASX 200 (.AXJO) opened at its lowest level this year

Australia: S&P/ASX 200 (.AXJO) opened at its lowest level this year The Australian sharemarket opened at its lowest level this year, with tens of billions of dollars wiped from the value of local companies. After the first 50 minutes of trade the domestic benchmark S&P-ASX 200 was down 2.1 per cent. The deepening rout in […]

Australia: S&P/ASX 200 (.AXJO) remains on edge despite two sharp rebounds in two of the world biggest sharemarkets

Australia: S&P/ASX 200 (.AXJO) remains on edge despite two sharp rebounds in two of the world biggest sharemarkets

Australia: S&P/ASX 200 (.AXJO) remains on edge despite two sharp rebounds in two of the world biggest sharemarkets The Australian sharemarket finished a volatile session in the red again as global markets remained on edge despite two sharp rebounds in two of the world biggest sharemarkets. The S&P-ASX 200 index quickly reversed early losses after […]

Australia: S&P/ASX 200 (.AXJO) pullback in bank stocks

Australia: S&P/ASX 200 (.AXJO) pullback in bank stocks

Australia: S&P/ASX 200 (.AXJO) pullback in bank stocks The local session could be characterised as being somewhat lacklustre: the lion’s share of the day’s losses came shortly after the open, volume was below average, and market breadth finished at 30%. Most sectors finished the day in the red, but naturally it was a pullback in […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Flat

Australia: S&P/ASX 200 (.AXJO) Set to Open Flat

Australia: S&P/ASX 200 (.AXJO) Set to Open Flat Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Monday. Here’s a short recap of the Australian market: S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.58% to 5,904.90 ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 0.61% to 6,006.20 AUD/USD […]

Australia: S&P/ASX 200 (.AXJO) best performance in four months

Australia: S&P/ASX 200 (.AXJO) best performance in four months

Australia: S&P/ASX 200 (.AXJO) best performance in four months Australian shares recorded their best performance in four months on Wednesday as they extended their gains from the previous session. The S&P/ASX 200 Index closed 69.2 points, or 1.2 per cent, higher at 5939.1, following on from a strong session on Wall Street on Tuesday. Australian […]

Australia: S&P/ASX 200 (.AXJO) downward pressure remained for all sectors

Australia: S&P/ASX 200 (.AXJO) downward pressure remained for all sectors

Australia: S&P/ASX 200 (.AXJO) downward pressure remained for all sectors Investor nerves are still rattled after the worst weekly loss on the Australian sharemarket since January 2016 last week with the ASX 200 stumbling again on Monday. The index is down another 88 points or 1.5% to 5807 and accelerating towards lunch despite a strong […]

Australia: S&P/ASX 200 (.AXJO) worst performance in eight months

Australia: S&P/ASX 200 (.AXJO) worst performance in eight months

Australia: S&P/ASX 200 (.AXJO) worst performance in eight months The benchmark ASX 200 index closed down 2.7 per cent at 5,883, while the All Ordinaries index slumped 170 points to close below 6,000 points for the first time in more than half a year, at 5,993. It is the worst one-day fall since the market […]

Australia: S&P/ASX 200 (.AXJO) higher on the back of healthcare

Australia: S&P/ASX 200 (.AXJO) higher on the back of healthcare

Australia: S&P/ASX 200 (.AXJO) higher on the back of healthcare A surprising turnaround has seen the Australian market finish the day higher on the back of healthcare and telco stocks as the financial sector shrugged off leftover jitters from Wall Street. The benchmark S&P/ASX200 index was up 8.7 points, or 0.14 per cent, to 6,049.8 […]

Australia: S&P/ASX 200 (.AXJO) Support at 6000

Australia: S&P/ASX 200 (.AXJO) Support at 6000

Australia: S&P/ASX 200 (.AXJO) Support at 6000 Australian shares are poised to edge lower at the open, as shares on Wall Street failed to hold early gains. ASX futures were down 6 points at 7.45am AEDT. The Australian dollar edged above the US71¢ mark, defying expectations of a retreat. Focus remains squarely to the downside, where the […]

Australia: S&P/ASX 200 (.AXJO) poised to drop to start the week

Australia: S&P/ASX 200 (.AXJO) poised to drop to start the week

Australia: S&P/ASX 200 (.AXJO) poised to drop to start the week Australian shares are poised to drop to start the week, weighed by a sell-off on Wall Street and among base metals. ASX futures were 28 basis points lower. The Australian dollar was buying US70.57¢. In addition to Wall Street’s slide into the weekend, base metals were […]

Australia: S&P/ASX 200 (.AXJO) Alumina push ASX higher

Australia: S&P/ASX 200 (.AXJO) Alumina push ASX higher

Australia: S&P/ASX 200 (.AXJO) Alumina push ASX higher The best-performing ASX 200 share today was Alumina Limited (ASX: AWC), its share price went up 10.8% after the world’s alumina largest refinery, Alunorte, ceased production potentially forever. South32 Ltd (ASX: S32) was another to benefit from the closure news, its share price rose by 7.3%. The […]

Australia: S&P/ASX 200 (.AXJO) bank shares regain ground

Australia: S&P/ASX 200 (.AXJO) bank shares regain ground

Australia: S&P/ASX 200 (.AXJO) bank shares regain ground Rising commodity prices helped fuel a jump in the materials and energy sectors and lift the Australian share market at noon, while the under-fire banks also regained some ground. The benchmark S&P/ASX200 index was up 20.9 points, or 0.34 per cent, at 6,147.1 points at 1200 AEST […]

Australia: S&P/ASX 200 (.AXJO) Quiet Day Expected

Australia: S&P/ASX 200 (.AXJO) Quiet Day Expected

Australia: S&P/ASX 200 (.AXJO) Quiet Day Expected The narrow-effects of overnight’s relief rally isn’t expected to manifest a great-deal in the ASX 200 today. SPI futures are pointing to an 8-point advance at the open this morning, backing-on from a day in which the benchmark Aussie index stripped just shy of 0.6 per cent. he index found […]

Australia: S&P/ASX 200 (.AXJO) worst performance in more than a fortnight

Australia: S&P/ASX 200 (.AXJO) worst performance in more than a fortnight

Australia: S&P/ASX 200 (.AXJO) worst performance in more than a fortnight Australian shares slumped to their worst performance in more than a fortnight on Monday as the banks lost gains they had made following the release of the royal commission interim report’s on Friday. The S&P/ASX 200 index fell 35.3 points, or 0.6 per cent, to 6172.3, […]

Australia: S&P/ASX 200 (.AXJO) Bank Stocks Fall

Australia: S&P/ASX 200 (.AXJO) Bank Stocks Fall

Australia: S&P/ASX 200 (.AXJO) Bank Stocks Fall Australian shares closed the session modestly lower on Thursday as some minor losses by the major banks weighed the market. The S&P/ASX 200 index closed the day 11.1 points, or 0.2 per cent lower, at 6181.2 with the market making muted gains and losses. The major banks led […]

Australia: S&P/ASX 200 (.AXJO) preparing for the US Fed meeting

Australia: S&P/ASX 200 (.AXJO) preparing for the US Fed meeting

Australia: S&P/ASX 200 (.AXJO) preparing for the US Fed meeting As far as developments in the trade war go, in a week bereft other major stories, traders are demonstrating tentative signs of ease on the subject. Markets are strapping themselves in for the long haul, and a begrudging acceptance that this thing will take time […]

Australia: S&P/ASX 200 (.AXJO) leading sector real estate, up 0.7 per cent against the falling market

Australia: S&P/ASX 200 (.AXJO) leading sector real estate, up 0.7 per cent against the falling market

Australia: S&P/ASX 200 (.AXJO) leading sector real estate, up 0.7 per cent against the falling market The S&P/ASX200 has closed just slightly lower at 6186.9, an intra-day drop of 7.6 points. The leading sector was real estate, up 0.7 per cent against the falling market, and energy, up 0.6 per cent. The real estate index […]

Australia: S&P/ASX 200 (.AXJO) continue to shrug off trade war tensions

Australia: S&P/ASX 200 (.AXJO) continue to shrug off trade war tensions

Australia: S&P/ASX 200 (.AXJO) continue to shrug off trade war tensions SPI futures are indicating a 5-point jump at the open for the ASX200, as trade continue to ride the wave of relief washing-over global markets. The boost in global commodity prices has underpinned the bounce in the ASX, with the materials and energy sectors […]

Australia: S&P/ASX 200 (.AXJO) vulnerable to a correction towards 6,163.55

Australia: S&P/ASX 200 (.AXJO) vulnerable to a correction towards 6,163.55

Australia: S&P/ASX 200 (.AXJO) vulnerable to a correction towards 6,163.55 Australian shares are poised to open lower, amid mixed trading on Wall Street. ASX futures were down 3 points at 6.45am AEST, paring earlier losses. The Australian dollar extended its rally, rising another 0.7 per cent. On Wall Street, shares in Goldman Sachs and JPMorgan paced the Dow […]

Australia: S&P/ASX 200 (.AXJO) Set for Modest Rebound

Australia: S&P/ASX 200 (.AXJO) Set for Modest Rebound

Australia: S&P/ASX 200 (.AXJO) Set for Modest Rebound Australian shares are poised to rally, following Wall Street, as trade tensions between the US and China escalated less than feared.  The Australian dollar leapt 0.5 per cent higher to retop US72¢. Shares in New York were sharply higher, though they pared gains into the close, as investors […]

Australia: S&P/ASX 200 (.AXJO) set for a sluggish start

Australia: S&P/ASX 200 (.AXJO) set for a sluggish start

Australia: S&P/ASX 200 (.AXJO) set for a sluggish start Australian shares are set for a sluggish start to the week following reports US President Donald Trump has called for fresh tariffs on Chinese products. The news took the shine off US markets on Friday, which closed flattish after a sharp dip when the story broke […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Following Wall Street

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Following Wall Street

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Following Wall Street Australian shares are poised to rise at the open, following Wall Street’s lead as Apple paced the Dow higher. ASX futures were up 25 points at 4.15am AEST. The Australian dollar topped the US72¢ mark overnight bolstered by the latest local jobs data and […]

Australia: S&P/ASX 200 (.AXJO) Stocks on the Rise

Australia: S&P/ASX 200 (.AXJO) Stocks on the Rise

Australia: S&P/ASX 200 (.AXJO) Stocks on the Rise Australian shares rose on Tuesday as investors found value in beaten-down banks and as energy stocks jumped on higher oil prices. The S&P/ASX 200 index rose 0.4 percent, or 27.1 points, to 6,168.8 by 0200 GMT. The benchmark, which dipped 2.1 points on Monday, was on track […]

Australia: S&P/ASX 200 (.AXJO) renewed and heightened threats by Donald Trump against Chinese goods

Australia: S&P/ASX 200 (.AXJO) renewed and heightened threats by Donald Trump against Chinese goods

Australia: S&P/ASX 200 (.AXJO) renewed and heightened threats by Donald Trump against Chinese goods Australian shares are poised to fall at the open, reflecting renewed and heightened threats by Donald Trump against Chinese goods. ASX futures were 23 points lower. The S&P/ASX 200 index shed 175.7 points, or 2.8 per cent, last week, its worst […]

Australia: S&P/ASX 200 (.AXJO) hits a two month low

Australia: S&P/ASX 200 (.AXJO) hits a two month low

Australia: S&P/ASX 200 (.AXJO) hits a two month low Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Thursday. Here’s a short recap of the Australian market: S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 1.12% to 6,160.40 ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower 1.13% to 6,267.80 […]

Australia: S&P/ASX 200 (.AXJO) biggest fall in nearly 6 months

Australia: S&P/ASX 200 (.AXJO) biggest fall in nearly 6 months

Australia: S&P/ASX 200 (.AXJO) biggest fall in nearly 6 months The sharemarket fell to a one-month low on Wednesday as the looming threat of further US tariffs against China weighed on investors. The S&P/ASX 200 index fell for a fifth consecutive session, down 62.7 points, or 1 per cent, to 6230.4 as the major banks and […]

Australia: S&P/ASX 200 (.AXJO) Pointing Lower at Open

Australia: S&P/ASX 200 (.AXJO) Pointing Lower at Open

Australia: S&P/ASX 200 (.AXJO) Pointing Lower at Open Australian shares are poised to open lower, as copper and aluminium fell and Wall Street traded down. The Australian dollar lost 0.4 per cent, resuming its year-long slide. Local investors await the release later today of the second quarter GDP statistics. Wall Street slipped in its first […]

Australia: S&P/ASX 200 (.AXJO) Waiting for RBA policy meeting

Australia: S&P/ASX 200 (.AXJO) Waiting for RBA policy meeting

Australia: S&P/ASX 200 (.AXJO) Waiting for RBA policy meeting Current account second quarter, RBA policy meeting and cash rate decision, RBA governor Lowe speaks at a board dinner in Perth Capital Economics on pending GDP data: “The data on Australian business inventories and mining exploration mean that the risks to our forecast that GDP rose […]

Australia: S&P/ASX 200 (.AXJO) Set to Recover Losses from Friday

Australia: S&P/ASX 200 (.AXJO) Set to Recover Losses from Friday

Australia: S&P/ASX 200 (.AXJO) Set to Recover Losses from Friday The ASX is tipped to correct itself and open higher after faltering at the close in anticipation of a Wall Street dip that never eventuated. Threats of US imposed tariffs on China spooked the Australian market to close 32 points lower on Friday. However, Wall […]

Australia: S&P/ASX 200 (.AXJO) Rally Stalls

Australia: S&P/ASX 200 (.AXJO) Rally Stalls

Australia: S&P/ASX 200 (.AXJO) Rally Stalls Asia markets were broadly down on on Thursday afternoon after trading in positive broadly positive territory earlier in the day, as Australia’s third and fourth largest telecom operators announced plans for a merger. Down Under, the ASX 200 ended the trading day in flat territory and closed at 6,351.80. However, the […]

Australia: S&P/ASX 200 (.AXJO) gains to fresh 10-year high

Australia: S&P/ASX 200 (.AXJO) gains to fresh 10-year high

Australia: S&P/ASX 200 (.AXJO) gains to fresh 10-year high The Australian sharemarket rose for a fourth straight session while the local currency fell after Westpac lifted its variable home loan rates. The S&P/ASX 200 index closed 47.5 points, or 0.8 per cent, higher at 6352.2, advancing to a fresh 10-year high. The Australian dollar dropped […]

Australia: S&P/ASX 200 (.AXJO) are poised to open modestly lower

Australia: S&P/ASX 200 (.AXJO) are poised to open modestly lower

Australia: S&P/ASX 200 (.AXJO) are poised to open modestly lower Australian shares are poised to open modestly lower, even as base metals rallied, perhaps reflecting a slowing rally on Wall Street. ASX futures were down 7 points at 4.20am AEST. The Australian dollar edged 0.2 per cent lower. The overnight weakness seems to reflect an […]

Australia: S&P/ASX 200 (.AXJO) closes slightly higher as commodity prices rise

Australia: S&P/ASX 200 (.AXJO) closes slightly higher as commodity prices rise

Australia: S&P/ASX 200 (.AXJO) closes slightly higher as commodity prices rise The Australian sharemarket recorded its best performance in eight sessions as investors looked beyond the political uncertainty that plagued the market last week. The S&P/ASX 200 index closed 21.6 points, or 0.4 per cent higher at 6268.9 on Monday, rallying on the performances of […]

Silver Lake Resources Limited (SLR:AX) Heffx Upgrades to a Buy Rating

Silver Lake Resources Limited (SLR:AX) Heffx Upgrades to a Buy Rating

Silver Lake Resources Limited (SLR:AX) Heffx Upgrades to a Buy Rating Junior gold miner Silver Lake Resources has reported a 697% increase in net profits after tax for the financial year ending June, on the back of higher production and revenues. Net profit after tax for the 2018 financial year reached A$16.2-million, up from the […]

Australia: S&P/ASX 200 (.AXJO) Index Dropped 0.5% at Open

Australia: S&P/ASX 200 (.AXJO) Index Dropped 0.5% at Open

Australia: S&P/ASX 200 (.AXJO) Index Dropped 0.5% at Open Australia equities were lower at the close on Wednesday, as losses in the Utilities, Metals & Mining and Financials sectors propelled shares lower. At the close in Sydney, the S&P/ASX 200 fell 0.32%. The biggest gainers of the session on the S&P/ASX 200 were Altium Ltd […]

Australia: S&P/ASX 200 (.AXJO) sharemarket recorded its worst session in five months

Australia: S&P/ASX 200 (.AXJO) sharemarket recorded its worst session in five months

Australia: S&P/ASX 200 (.AXJO) sharemarket recorded its worst session in five months The Australian sharemarket recorded its worst session in five months with index heavyweights across the board closing the day lower. The S&P/ASX 200 index fell 60.6 points, or 1 per cent to 6284.4 on Tuesday, falling below the 6300 mark for the first […]

Australia: S&P/ASX 200 (.AXJO) continues to push the market higher

Australia: S&P/ASX 200 (.AXJO) continues to push the market higher

Australia: S&P/ASX 200 (.AXJO) continues to push the market higher Onwards and upwards we go. The positive momentum continues to push the market higher. The Royal Commission didn’t expose anything new and the Financial sector is recovering with further consolidation above the 60 day and 200 day moving averages which is very positive for this […]

Australia: S&P/ASX 200 (.AXJO) Today’s Agenda Lifts Market

Australia: S&P/ASX 200 (.AXJO) Today’s Agenda Lifts Market

Australia: S&P/ASX 200 (.AXJO) Today’s Agenda Lifts Market Today’s Agenda Monday: June overseas arrivals and departures. Companies reporting today include Woolworths, Ansell, Beach Energy, Primary Health, Fortescue Metals. Overall, the bias in prices is: Upwards. The projected upper bound is: 6,439.05. The projected lower bound is: 6,250.62. The projected closing price is: 6,344.84. Candlesticks A […]

Telstra Flops in Australia

Telstra Flops in Australia

Australia’s dominant telecommunications company Telstra Thursday warned of “enormous challenges” ahead as it posted an 8.9 percent slump in annual profit. Its net result in the year to June 30 fell to Aus$3.52 billion (US$2.54 billion), while revenue was flat at Aus$26 billion. Chief executive Andy Penn said intense competition for mobile customers and increased […]

Australia: S&P/ASX 200 (.AXJO) shares have hit a fresh ten-year high

Australia: S&P/ASX 200 (.AXJO) shares have hit a fresh ten-year high

Australia: S&P/ASX 200 (.AXJO) shares have hit a fresh ten-year high Australian shares have hit a fresh ten-year high, with a surge in CSL stocks and gains for Wesfarmers helping the market overcome falls in energy and materials stocks. The benchmark S&P/ASX200 closed up 29.4 points, or 0.47 per cent, at 6,329.0 points , while […]

Australia: S&P/ASX 200 (.AXJO) near resistance at 6,300

Australia: S&P/ASX 200 (.AXJO) near resistance at 6,300

Australia: S&P/ASX 200 (.AXJO) near resistance at 6,300 Locally the ASX is due for a soft start, with futures pointing to a seven-point drop at the open. Traders appear a little more comfortable with the Turkey situation, apparently reassured by the idea that developed economies and financial markets are shielded from the direr consequences of […]

Australia: S&P/ASX 200 (.AXJO) set to drop amid global sell-off triggered by Turkey

Australia: S&P/ASX 200 (.AXJO) set to drop amid global sell-off triggered by Turkey

Australia: S&P/ASX 200 (.AXJO) set to drop amid global sell-off triggered by Turkey While equity markets have sailed blithely on for weeks, not worrying too much about the disintegrating relationship between the US and its major trading partners and softening global industrial production, it took one of those unforeseen Black Swan events to bring things […]

Australia: S&P/ASX 200 (.AXJO) poised to edge higher

Australia: S&P/ASX 200 (.AXJO) poised to edge higher

Australia: S&P/ASX 200 (.AXJO) poised to edge higher The Australian sharemarket lifted for a second session on the back of strong performances from the major banks and other financial stocks. The S&P/ASX 200 index rose 29.2 points, or 0.5 per cent, to 6297.7, falling from a 10-year high earlier in the session. ASX futures had […]

Australia: S&P/ASX 200 (.AXJO) turn flat ahead of open

Australia:  S&P/ASX 200 (.AXJO) turn flat ahead of open

Australia: S&P/ASX 200 (.AXJO) turn flat ahead of open The Australian sharemarket has closed the session higher for just the second time this month as positive reporting season results lifted the index. The S&P/ASX 200 index advanced 14.6 points, or 0.2 per cent, to 6268.5, with investors encouraged by Commonwealth Bank and AMP’s results. Commonwealth […]

Australia: Tabcorp Holdings Limited (TAH:AX) Upgraded to Strong Buy

Australia: Tabcorp Holdings Limited (TAH:AX) Upgraded to Strong Buy

Australia: Tabcorp Holdings Limited (TAH:AX) Upgraded to Strong Buy Tabcorp has swung to a net profit of $28.7 million in 2017/18 following its merger with Tatts Group, with digital sales and the FIFA World Cup helping to lift the gaming giant’s reach and revenue. Tabcorp on Wednesday said full-year revenue for the 2017/18 financial jumped […]

Australia: S&P/ASX 200 (.AXJO) opened higher this morning

Australia: S&P/ASX 200 (.AXJO) opened higher this morning

Australia: S&P/ASX 200 (.AXJO) opened higher this morning he Australian share market opened higher this morning following positive leads from Wall Street. It is now tracking at 0.75 per cent higher at noon. The materials sector is leading the way and the consumer discretionary sector is trailing behind. Iron ore price rose 0.9 per cent […]

Australia: S&P/ASX 200 (.AXJO) Potentially Good Start for the Week Ahead

Australia: S&P/ASX 200 (.AXJO) Potentially Good Start for the Week Ahead

Australia: S&P/ASX 200 (.AXJO) Potentially Good Start for the Week Ahead The ASX is looking for a bright start later this morning despite ending a downbeat series of trading session last week that saw the ASX 200 close 1% lower. The ASX 200 futures market was up 26 points at the close overnight Friday after […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Many markets, many stories: We are getting to the dense end of the week now, and the picture markets is certainly beginning to show it. Things were looking quite rosy yesterday morning as Australian traders dusted off their keyboards to get to work: Apple reported and eased the tech-wreck […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Slightly Lower

Australia: S&P/ASX 200 (.AXJO) Set to Open Slightly Lower

Australia: S&P/ASX 200 (.AXJO) Set to Open Slightly Lower The Australian sharemarket finished a narrow session slightly lower as US-China trade-war expectations flipped around overnight and domestic manufacturing data surprised on the downside. The S&P-ASX 200 index swung in and out of the red before closing down 4.5 points, or 0.07 per cent, at 6275.7 […]

Australia: S&P/ASX 200 (.AXJO) Corporate earnings will keep traders active

Australia: S&P/ASX 200 (.AXJO) Corporate earnings will keep traders active

Australia: S&P/ASX 200 (.AXJO) Corporate earnings will keep traders active Australian shares wavered in early trade on Tuesday but edged higher as investors in BHP helped the market cling to positive territory, holding near its 2018 highs despite another negative lead from Wall Street. The ASX200 index rose 5.3 points, less than 0.1 percent, to […]

Silver Lake Resources Limited (SLR:AX) Heffx Issues a Buy Rating

Silver Lake Resources Limited (SLR:AX) Heffx Issues a Buy Rating

Silver Lake Resources Limited (SLR:AX) Heffx Issues a Buy Rating Silver Lake Resources Ltd (SLR.AX) shares are moving today on volatility 0.92% or 0.005 from the open. The ASX listed company saw a recent bid of 0.55 and 615917 shares have traded hands in the session. Silver Lake Resources Ltd (SLR.AX) currently has a 14-day Commodity Channel Index (CCI) of -69.61. Active investors may […]

Australia: S&P/ASX 200 (.AXJO) Watch for Earnings

Australia: S&P/ASX 200 (.AXJO) Watch for Earnings

Australia: S&P/ASX 200 (.AXJO) Watch for Earnings Australian shares have finished lower, with investor caution and a weak Wall Street lead robbing the local market of momentum on Monday. The benchmark S&P/ASX200 index was down 21.8 points, or 0.35 per cent, at 6,278.4 points at 1615 AEST on Monday, while the All Ordinaries was down […]

Australia: S&P/ASX 200 (.AXJO) Improved market sentiment

Australia: S&P/ASX 200 (.AXJO) Improved market sentiment

Australia: S&P/ASX 200 (.AXJO) Improved market sentiment The Australian sharemarket has closed the week higher, hitting a fresh 10-year high on the back of improved market sentiment and commodity prices. Since Australia Day, the ASX200 has gained 4 per cent while the likes of the S&P500 in the US and the global MSCI index have […]

Australia: S&P/ASX 200 (.AXJO) big four banks all closed lower

Australia: S&P/ASX 200 (.AXJO) big four banks all closed lower

Australia: S&P/ASX 200 (.AXJO) big four banks all closed lower The Australian share market has closed lower, hurt by banks, health care and consumer-exposed stocks, including Woolworths and Wesfarmers. The benchmark S&P/ASX200 index was down 18.2 points, or 0.29 per cent, at 6,247.6 on Wednesday, while the broader All Ordinaries fell 13.5 points, or 0.21 […]

Australia: S&P/ASX 200 (.AXJO) pointing higher

Australia:  S&P/ASX 200 (.AXJO) pointing higher

Australia: S&P/ASX 200 (.AXJO) pointing higher Australian shares opened the week lower as investors sought more defensive positions after US President Donald Trump threatened to escalate the tariff war with China. The S&P/ASX 200 index fell 58.3 points, or 0.9 per cent, to 6227.6 amid increased uncertainty surrounding global growth. It was the biggest decline […]

Australia: S&P/ASX 200 (.AXJO) shares down on intensifying trade war tensions

Australia: S&P/ASX 200 (.AXJO) shares down on intensifying trade war tensions

Australia: S&P/ASX 200 (.AXJO) shares down on intensifying trade war tensions Australian shares opened the week lower as investors sought more defensive positions after US President Donald Trump threatened to escalate the tariff war with China. The S&P/ASX 200 index fell 58.3 points, or 0.9 per cent, to 6227.6 amid increased uncertainty surrounding global growth. […]

Australia: S&P/ASX 200 (.AXJO) Miners lead ASX Higher

Australia: S&P/ASX 200 (.AXJO) Miners lead ASX Higher

Australia: S&P/ASX 200 (.AXJO) Miners lead ASX Higher The Australian sharemarket rebounded from two days in the red, following a strong session for mining giant BHP Billiton. The best performing stock in the S&P/ASX 200 is Saracen Mineral Holdings Limited (ASX:SAR), rising 7.32 per cent higher to $2.20, followed by shares in Technology One Limited […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares are poised to open higher, bolstered by gains on Wall Street and in Europe. ASX futures up 18 points.. The Australian dollar slips. Here’s a short recap of the Australian market: S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) lower 0.61% to 6,203.60 ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) lower […]

Australia: S&P/ASX 200 (.AXJO) poised to open lower, oil plunges

Australia: S&P/ASX 200 (.AXJO) poised to open lower, oil plunges

Australia: S&P/ASX 200 (.AXJO) poised to open lower, oil plunges Australia stocks were lower after the close on Monday, as losses in the Gold, Healthcare and A-REITs sectors led shares lower. At the close in Sydney, the S&P/ASX 200 lost 0.45%. The best performers of the session on the S&P/ASX 200 were G8 Education Ltd […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares were unchanged at the close of Friday’s session. The S&P/ASX 200 index, close the session at 6,268.400. In the banking space, ANZ Banking, Westpac, National Australia Bank and Commonwealth Bank are lower in a range of 04 percent to 0.5 percent. While, the best performers […]

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher

Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares are set to open higher as a tech rally paced a rally on Wall Street. $A rebounds. All three US benchmarks were sharply higher in afternoon trade. Twenty five of the Dow’s 30 components were higher, paced by Microsoft, Cisco, Intel and Apple. Shares in Atlassian […]

Australia: S&P/ASX 200 (.AXJO) Futures Slip

Australia: S&P/ASX 200 (.AXJO) Futures Slip

Australia: S&P/ASX 200 (.AXJO) Futures Slip The Australian sharemarket has fallen for a second day in a row, as index heavyweights traded lower amid escalating trade tensions between the US and China. The S&P/ASX 200 index fell 42.5 points, or 0.7 per cent, to 6215.6 as the sharemarket experienced its biggest intraday fall since mid-May. […]

Australia: S&P/ASX 200 (.AXJO) falls on financials

Australia: S&P/ASX 200 (.AXJO) falls on financials

Australia: S&P/ASX 200 (.AXJO) falls on financials The Australian sharemarket posted a modest decline on Tuesday despite an overnight advance in base metals prices helping lift the shares of heavyweight miners. The S&P/ASX 200 index fell 27.9 points, or 0.4 per cent, to 6258.1, falling on losses made by the big financial stocks. Macquarie announced […]

Australia: S&P/ASX 200 (.AXJO) Hits New 10 Year Highs

Australia: S&P/ASX 200 (.AXJO) Hits New 10 Year Highs

Australia: S&P/ASX 200 (.AXJO) Hits New 10 Year Highs Australian stocks continued their march higher, hitting 10-year highs at the start of a new trading week. The ASX200 briefly broke through the key 6301 point level. At the close, the index was at 6,286.00, up 13.70 points or 0.22%. The market has gained almost 1.5% […]

Australia: S&P/ASX 200 (.AXJO) advanced for the third time in ten sessions

Australia: S&P/ASX 200 (.AXJO) advanced for the third time in ten sessions

Australia: S&P/ASX 200 (.AXJO) advanced for the third time in ten sessions Australian shares advanced for the third time in ten sessions as modest gains by the finance sector beat out losses made in the material sector following an overnight base metal retreat. The S&P/ASX 200 index gained 32.1 points, or 0.91 percent to 6272.3, […]

Australia: S&P/ASX 200 (.AXJO) falls on financial heavyweights

Australia: S&P/ASX 200 (.AXJO) falls on financial heavyweights

Australia: S&P/ASX 200 (.AXJO) falls on financial heavyweights Weak commodity prices drag materials lower Platinum Investment top pct loser on trade war concerns Australian shares fell on Wednesday as financials reversed their gains from the previous session, while materials stocks continued their decline on weaker commodity prices. The S&P/ASX 200 index was down 0.4 percent, […]

Australia: S&P/ASX 200 (.AXJO) finishes higher Tuesday

Australia: S&P/ASX 200 (.AXJO) finishes higher Tuesday

Australia: S&P/ASX 200 (.AXJO) finishes higher Tuesday Australia’s S&P/ASX 200 and ALL ORDINARIES indices finished higher on Tuesday. Here’s a short recap of the Australian market: S&P/ASX 200 higher 0.52% to 6,210.20 ALL ORDINARIES higher 0.47% to 6,302.80 AUD/USD at US 74 cents Gold at US$1,242.57 an ounce Brent Oil at US$77.90 a barrel The […]

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