Australia: S&P/ASX 200 (.AXJO) plunges 3.5% as wild swings continue

Australia: S&P/ASX 200 (.AXJO) plunges 3.5% as wild swings continue

Australia: S&P/ASX 200 (.AXJO) plunges 3.5% as wild swings continue The Australian share market has lurched back into the red after US stocks were hammered overnight on warnings of a mounting coronavirus death toll. The S&P/ASX200 benchmark index was down 178.3 points, or 3.39 per cent, at 5,080.3 at 1015 AEDT on Thursday, having earlier […]

Thursday’s World Stock Markets Update: Asia and Oceania

Thursday’s World Stock Markets Update: Asia and Oceania

Asian share markets were down Thursday, clouded by the rising US coronavirus death toll, and with investors braced for more signs of economic pain in the world’s largest economy, ahead of another likely record week of jobless claims. With hopes growing that the worst of the outbreak may have passed for China and SKorea, the […]

Australia: S&P/ASX 200 (.AXJO) making strong gains

Australia: S&P/ASX 200 (.AXJO) making strong gains

Australia: S&P/ASX 200 (.AXJO) making strong gains Australia’s stock market carved its own path on Wednesday, making strong gains despite Asian markets falling and US futures pointing to a weak performance on Wall Street overnight. The energy sector – one of the most sold since the start of the year – led the gains with […]

Wednesday’s World Markets: Asia and Oceania

Wednesday’s World Markets: Asia and Oceania

Asian equities recorded their biggest foreign outflow in at least 12 years in March, hit by the coronavirus pandemic and its impact on businesses across the region, with most factories shuttered to contain its spread. The S&P/ASX 200 index finished 3.6% higher at 5,258.60, recovering from the benchmark’s 2.02% fall Tuesday. The benchmark closed at […]

Australia: S&P/ASX 200 (.AXJO) the big unknown, and it suggests markets are likely to remain volatile until this uncertainty is resolved

Australia: S&P/ASX 200 (.AXJO) the big unknown, and it suggests markets are likely to remain volatile until this uncertainty is resolved

Australia: S&P/ASX 200 (.AXJO) the big unknown, and it suggests markets are likely to remain volatile until this uncertainty is resolved The ASX 200 closed down 2 per cent or 104 points to 5,076. Earlier in the day, the benchmark indexhad jumped as high as 3.6 per cent, before suffering a sharp reversal in sentiment […]

Tuesday’s World Markets: Asia and Oceania

Tuesday’s World Markets: Asia and Oceania

Southeast Asian stock markets rose Tuesday as data showed China factory activity unexpectedly expanded in March after contracting to a record low in the previous month even though the coronavirus pandemic showed few signs of abating. Indian shares edged up Tuesday, tracking broader Asian peers, after upbeat factory data from China gave investors hope of […]

Australia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session

Australia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session

Australia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session The Australian share market has risen more than three per cent as stimulus-driven gains carried into a second session. The S&P/ASX200 benchmark index was up another 140.3 points, or 2.71 per cent at 5,321.7 by 1200 AEDT […]

Australia: S&P/ASX 200 (.AXJO) shares are expected to fall

Australia: S&P/ASX 200 (.AXJO) shares are expected to fall

Australia: S&P/ASX 200 (.AXJO) shares are expected to fall Australian shares are expected to fall, reflecting in part more selling on Wall Street over the weekend, as the global number of coronavirus cases and the death toll leapt higher. ASX futures were up 6 points or 0.1 per cent to 4834 at 3.59pm on Friday […]

Australia: S&P/ASX 200 (.AXJO) to rise; Woolworths hires 20,000 workers

Australia: S&P/ASX 200 (.AXJO) to rise; Woolworths hires 20,000 workers

Australia: S&P/ASX 200 (.AXJO) to rise; Woolworths hires 20,000 workers The ASX200 benchmark index has had three straight days of gains, after finishing Thursday up 2.3 per cent while the All Ordinaries index closed up 2.58 per cent. The Australian dollar was buying 60.66 US cents at 0700 AEDT, up from 59.14 US cents as […]

Thursday’s World Markets: Asia and Oceania

Thursday’s World Markets: Asia and Oceania

Most South East Asian stocks rose on optimism around a massive US stimulus package, although Singapore shares fell after the city-state cut its annual growth forecast to better reflect the economic damage from the coronavirus pandemic. Japanese shares took a tumble Thursday following 3 days of massive gains after a rise in domestic coronavirus cases […]

Australia: S&P/ASX 200 (.AXJO) first time in a month that the index has finished in the green two days in a row

Australia: S&P/ASX 200 (.AXJO) first time in a month that the index has finished in the green two days in a row

Australia: S&P/ASX 200 (.AXJO) first time in a month that the index has finished in the green two days in a row The broader All Ordinaries index also finished higher, closing 5.32 per cent higher at 5,006.20 points. The late rally coincided with news from Washington that the US government had agreed to pass the […]

Wednesday’s World Markets: Asia and Oceania

Wednesday’s World Markets: Asia and Oceania

Australian shares jumped 5% Wednesday, ending just short of the 5,000 mark, fuelled by a bout of last-minute buying after the US government agreed on a massive stimulus package to mitigate the impact of the coronavirus pandemic. The S&P/ASX 200 index unofficially ended the session about 3.2% higher but clocked a gain of over 2% […]

Australia: S&P/ASX 200 (.AXJO) – RBA is injecting extra liquidity into the financial system

Australia: S&P/ASX 200 (.AXJO) – RBA is injecting extra liquidity into the financial system

Australia: S&P/ASX 200 (.AXJO) – RBA is injecting extra liquidity into the financial system Lowe revealed that over the past few weeks, the RBA has injected “substantial extra liquidity into the financial system through our daily market operations.” He also revealed that the RBA will conduct one-month and three-month repurchase (repo) operations each day. In […]

Tuesday’s World Markets: Asia, Oceania and EU

Tuesday’s World Markets: Asia, Oceania and EU

Just in: S&P 500 futures Vs fair value: +108.60. NAS Comp futures Vs fair value: +352.30. $SPY $QQQ Most Southeast Asian stock markets rebounded on Tuesday as global and regional stimulus measures to stem the financial impact of the coronavirus pandemic lifted investor sentiment, while Thailand prepared to enter a month-long emergency. Thai shares gained […]

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined The AUD/USD pair had a relatively quiet day, ending it unchanged around 0.5790. The pair seesawed within familiar levels trapped between the usual dollar’s demand, and resurgent gold prices. The bright metal soared to $1,561.21 a troy ounce, limiting the downside for […]

Australia: S&P/ASX 200 (.AXJO) lower as all the major banks take a beating

Australia: S&P/ASX 200 (.AXJO) lower as all the major banks take a beating

Australia: S&P/ASX 200 (.AXJO) lower as all the major banks take a beating Bank stocks suffered another battering on Monday, with National Australia Bank reaching a price not seen since John Howard was elected Prime Minister. The financial sector was sold off as it appeared more likely Australia is heading for a severe recession, with long […]

Monday’s World Markets Outlook: Asia and Oceania

Monday’s World Markets Outlook: Asia and Oceania

Australian shares are expected to open lower Monday as the widespread closure of venues across the country offset new fiscal stimulus from the government to stem a coronavirus-induced slowdown. New Zealand’s benchmark index dove more than 10% and was on course for its worst session ever after the country announced a move to enter lockdown […]

Australia: S&P/ASX 200 (.AXJO) crashes 8% on lockdown measures

Australia: S&P/ASX 200 (.AXJO) crashes 8% on lockdown measures

Australia: S&P/ASX 200 (.AXJO) crashes 8% on lockdown measures After half an hour of trading the industrials, consumer discretionary and property trust indices had tumbled more than 9 per cent. Energy, Info tech and financials plummeted more than 8 per cent and telcos, health care and utilities fell more than 7 per cent. Consumer staples were […]

Australia: S&P/ASX 200 (.AXJO) poised to open higher as Wall Street was lifted by a tech stock rally

Australia: S&P/ASX 200 (.AXJO) poised to open higher as Wall Street was lifted by a tech stock rally

Australia: S&P/ASX 200 (.AXJO) poised to open higher as Wall Street was lifted by a tech stock rally Australian shares are poised to open higher as Wall Street was lifted by a tech stock rally, though trading was choppy and the top three US benchmarks ended well off their intraday peaks. ASX futures were up […]

Thursday’s World Markets Outlook: Asia and Oceania

Thursday’s World Markets Outlook: Asia and Oceania

Philippines plunged 24% Thursday on reopening after a 2-day hiatus, while other Southeast Asian stock markets also sustained heavy losses on fears over the economic damage from the coronavirus pandemic. Indonesian equities fell 5%, triggering a circuit breaker for the 4th time in 6 sessions. Financial and consumer stocks were the biggest losers, with Bank […]

Australia: S&P/ASX 200 (.AXJO) Investors brave another day

Australia: S&P/ASX 200 (.AXJO) Investors brave another day

Australia: S&P/ASX 200 (.AXJO) Investors brave another day Investors braved another day of wild volatility on the local sharemarket on Wednesday, as the bourse undid its gains from the previous session. The S&P/ASX 200 Index slid 340.2 points, or 6.4 per cent, to 4953.2 wiping another $102.3 billion from the boards and closing below 5000 […]

Wednesday’s World Markets: Asia and Oceania

Wednesday’s World Markets: Asia and Oceania

Japanese stocks advanced Wednesday after Wall Street staged a strong rebound as policymakers across the world cobbled together packages to counter the severe restrictions on various regular activities aiming at slowing the spread of the coronavirus. Australian shares are set to open slightly lower on Wednesday as unnerved investors took note of the US Fed […]

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

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

Australia: S&P/ASX 200 (.AXJO) are poised to open higher Australian shares are poised to open higher, following a stunning rally on Friday in New York which caused all three big US benchmarks surge more than 9 per cent. ASX futures were up 61 points or 1.1 per cent to 5655. The local currency pared a plunge to […]

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly The Australian dollar of course is highly levered to the Chinese economy, and of course is highly levered to global growth in general. At this point it looks as if the global growth is falling apart even further and that is going to continue to weigh upon the Aussie. However, […]

Australia: S&P/ASX 200 (.AXJO) plunges to lowest level since 2016 in brutal selloff

Australia: S&P/ASX 200 (.AXJO) plunges to lowest level since 2016 in brutal selloff

Australia: S&P/ASX 200 (.AXJO) plunges to lowest level since 2016 in brutal selloff News the United States will temporarily suspend travel from Europe saw fears over a global recession escalate sharply on Thursday, leading to another brutal selloff in Australian shares which tumbled to the lowest level since in over three years. The benchmark S&P/ASX […]

Australia: S&P/ASX 200 (.AXJO) rebounded after a horror start to the week

Australia: S&P/ASX 200 (.AXJO) rebounded after a horror start to the week

Australia: S&P/ASX 200 (.AXJO) rebounded after a horror start to the week Australian shares rebounded on Tuesday after a horror start to the week, but market watchers warn that volatility is likely to persist until there are signs of progress in containing the novel coronavirus. After tumbling close to 4 per cent on the open […]

Australia: S&P/ASX 200 (.AXJO) crashes below 6,000 with almost $140b wiped off in worst day since global financial crisis

Australia: S&P/ASX 200 (.AXJO) crashes below 6,000 with almost $140b wiped off in worst day since global financial crisis

Australia: S&P/ASX 200 (.AXJO) crashes below 6,000 with almost $140b wiped off in worst day since global financial crisis The Australian share market has lost almost $140 billion in Monday’s trade, amid the economic fallout from the coronavirus and an oil price war. At the same time, the Australian dollar briefly tumbled to just above […]

Australia: S&P/ASX 200 (.AXJO) set to drop following overseas markets

Australia: S&P/ASX 200 (.AXJO) set to drop following overseas markets

Australia: S&P/ASX 200 (.AXJO) set to drop following overseas markets Australian shares are set to drop, following overseas markets, as investors continue to reprice equities with the number of confirmed cases of the coronavirus outside of China expected to rise ever higher this week. ASX futures were down 93 points or 1.5 per cent to […]

Australia: S&P/ASX 200 (.AXJO) volatility in shares continue

Australia: S&P/ASX 200 (.AXJO) volatility in shares continue

Australia: S&P/ASX 200 (.AXJO) volatility in shares continue The volatility in shares continued on Thursday, with the local sharemarket reversing falls from the previous session to close markedly higher after a positive lead from overseas. The S&P/ASX 200 Index ended the day 70.3 points, or 1.1 per cent, higher at 6395.7, leaving the benchmark 10.7 […]

Australia: S&P/ASX 200 (.AXJO) sinks to six-month low on fears of bank weakness

Australia: S&P/ASX 200 (.AXJO) sinks to six-month low on fears of bank weakness

Australia: S&P/ASX 200 (.AXJO) sinks to six-month low on fears of bank weakness The ASX dropped to its lowest level in six months on Wednesday amid concerns the profit margins of major banks will be squeezed by their decision to pass on the full extent of Tuesday’s RBA rate cut to mortgage holders, as requested […]

Australia: S&P/ASX 200 (.AXJO) and Wall St rebound from coronavirus fears but pares gains after RBA cuts rates

Australia: S&P/ASX 200 (.AXJO) and Wall St rebound from coronavirus fears but pares gains after RBA cuts rates

Australia: S&P/ASX 200 (.AXJO) and Wall St rebound from coronavirus fears but pares gains after RBA cuts rates The ASX 200 index finished the session 0.7 per cent higher at 6,435 points. The broader All Ordinaries index rose 50 points to 6,511. The Australian share market had an early boost from investors buying the dip […]

Australia: S&P/ASX 200 (.AXJO) set for gains as Wall Street rebounds

Australia: S&P/ASX 200 (.AXJO) set for gains as Wall Street rebounds

Australia: S&P/ASX 200 (.AXJO) set for gains as Wall Street rebounds Global markets stabilised overnight and Wall Street jumped higher as central banks around the world signalled they would support markets with stimulus in the wake of the coronavirus. At 7.55am AEDT, futures are pointing to a gain of 21 points, or 0.3 per cent, […]

Australia: S&P/ASX 200 (.AXJO) set for more losses

Australia: S&P/ASX 200 (.AXJO) set for more losses

Australia: S&P/ASX 200 (.AXJO) set for more losses The Australian sharemarket is set for more losses when trading resumes on Monday, as the coronavirus induced shock that took most major markets into correction territory last week shows no sign of abating. Bets on interest rate cuts have escalated dramatically since the equity market sealed its […]

Australia: S&P/ASX 200 (.AXJO) set to tumble as Wall Street enters correction

Australia: S&P/ASX 200 (.AXJO) set to tumble as Wall Street enters correction

Australia: S&P/ASX 200 (.AXJO) set to tumble as Wall Street enters correction The Australian sharemarket is staring at another day of heavy falls as rising coronavirus fears sent Wall Street into a technical corrction overnight. 1. Volatility increases further: Panic in global markets only escalated overnight, still on fears that the coronavirus is rapidly evolving […]

Australia: S&P/ASX 200 (.AXJO) top 200 companies has now shed just under $130 billion since the start of the week

Australia: S&P/ASX 200 (.AXJO) top 200 companies has now shed just under $130 billion since the start of the week

Australia: S&P/ASX 200 (.AXJO) top 200 companies has now shed just under $130 billion since the start of the week Australian shares fell sharply again on Wednesday, with the benchmark S&P/ASX 200 notching its largest three-day fall since August 2015. The index tumbled 158.5 points, or 2.3 per cent, to 6708.1 points, finishing trade near […]

Australia: S&P/ASX 200 (.AXJO) Virus fears blamed as the spread of the deadly coronavirus causes mass panic

Australia: S&P/ASX 200 (.AXJO) Virus fears blamed as the spread of the deadly coronavirus causes mass panic

Australia: S&P/ASX 200 (.AXJO) Virus fears blamed as the spread of the deadly coronavirus causes mass panic The Australian ASX has plunged over 2.6 per cent at opening this morning following Monday’s bloodbath. Shortly after midday the S & P/ASX 200 was down 1.3 per cent after earlier falling 2.6 per cent to a seven-week […]

Australia: S&P/ASX 200 (.AXJO) Biggest losses since August 2019

Australia: S&P/ASX 200 (.AXJO) Biggest losses since August 2019

Australia: S&P/ASX 200 (.AXJO) Biggest losses since August 2019 The S&P/ASX 200 dropped 2.25 per cent to 6978.3 points today. (The second decimal point is important because the index dropped 2.21 per cent on October 3 last year). The 2.25 per cent decline is the worst since August 2019, when there were fears of a […]

Australia: S&P/ASX 200 (.AXJO) Drops With Traders Cautious on Virus Woes

Australia: S&P/ASX 200 (.AXJO) Drops With Traders Cautious on Virus Woes

Australia: S&P/ASX 200 (.AXJO) Drops With Traders Cautious on Virus Woes The caution that’s gripped financial markets lately showed no signs of letting up as trading got underway this week, with concern that the coronavirus will hamper growth prospects hitting the Australian and New Zealand dollars. The yen gained. Australian bonds climbed, while equity futures […]

Australia: S&P/ASX 200 (.AXJO) Aussie tech index launches today

Australia: S&P/ASX 200 (.AXJO) Aussie tech index launches today

Australia: S&P/ASX 200 (.AXJO) Aussie tech index launches today Australia will finally get its own official index of publicly listed technology companies trading on the now thoroughly virtualized floor of the Australian Securities Exchange, with ratings agency Standard and Poors today launching the much awaited S&P/ASX All Technology Index. It is understood the highly anticipated […]

Australia: S&P/ASX 200 (.AXJO) set to edge higher as Apple spooks markets

Australia: S&P/ASX 200 (.AXJO) set to edge higher as Apple spooks markets

Australia: S&P/ASX 200 (.AXJO) set to edge higher as Apple spooks markets The Australian sharemarket is poised to open slightly higher on a busy day on the reporting season calendar. At 7.30am AEDT, futures are pointing to a gain of 10 points, or 0.1 per cent, at the start of the session. 1. Apple’s downgrade […]

Australia: S&P/ASX 200 (.AXJO) shares fall as profit results pour in

Australia: S&P/ASX 200 (.AXJO) shares fall as profit results pour in

Australia: S&P/ASX 200 (.AXJO) shares fall as profit results pour in The Australian share market has finished marginally lower for a second day as investors digest local profit results in the absence of strong offshore leads. The benchmark S&P/ASX200 index closed Tuesday down 11.4 points, or 0.16 per cent, at 7,113.7, while the broader All […]

Australia: S&P/ASX 200 (.AXJO) stocks rebound to finish almost flat

Australia: S&P/ASX 200 (.AXJO) stocks rebound to finish almost flat

Australia: S&P/ASX 200 (.AXJO) stocks rebound to finish almost flat The Australian stock exchange has bounced back from its early losses to finish the day nearly flat as the big banks dragged on the market. After slipping as low as 25.8 points, the benchmark S&P-ASX 200 index closed Monday down just 5.1 points, or 0.07 […]

Australia: S&P/ASX 200 (.AXJO) set to dip from near record highs

Australia: S&P/ASX 200 (.AXJO) set to dip from near record highs

Australia: S&P/ASX 200 (.AXJO) set to dip from near record highs Australian shares are expected to start the week below the near-record highs seen last week as investors tread carefully. On Friday the S&P/ASX 200 finished the week at 7130.2, just shy of January’s all-time record of 7132.7, but S&P ASX Futures suggest the index […]

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

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

Australia: S&P/ASX 200 (.AXJO) expected to edge higher On Thursday the S&P/ASX 200 index gave back the majority of its early gains but still finished the day higher. The benchmark index rose 0.2% to 7,103.2 points. Will the local share market be able to build on this on Friday? Here are five things to watch: […]

Australia: S&P/ASX 200 (.AXJO) shares up on financials, slowing virus, NZ hits record high

Australia: S&P/ASX 200 (.AXJO) shares up on financials, slowing virus, NZ hits record high

Australia: S&P/ASX 200 (.AXJO) shares up on financials, slowing virus, NZ hits record high Australian shares advanced on Wednesday, powered by financial major Commonwealth Bank of Australia , and as investors drew relief from news that the spread of the coronavirus outbreak in China may be slowing and it may be over by April. The […]

Australia: S&P/ASX 200 (.AXJO) market reaches the highest value in three weeks

Australia: S&P/ASX 200 (.AXJO) market reaches the highest value in three weeks

Australia: S&P/ASX 200 (.AXJO) market reaches the highest value in three weeks Investors continue to shrug of concerns over the coronavirus with Australia’s market reaching the highest value in three weeks on Tuesday, and taking 24 companies in the S&P/ASX 200 index up to one-year highs. Trading took a ‘risk-on’ attitude with investors snapping up […]

Australia: S&P/ASX 200 (.AXJO) The day ahead

Australia: S&P/ASX 200 (.AXJO) The day ahead

Australia: S&P/ASX 200 (.AXJO) The day ahead S&P 500 Index closed down 0.54% while the Nasdaq Composite closed down 0.54%. S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) opened around flat but proceeded to give up 32 points to be down -0.5% in the first hour at around 6,990 points. JB HI-FI LIMITED (ASX:JBH) beat analyst expectations for December […]

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

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

Australia: S&P/ASX 200 (.AXJO) Expected to edge higher Australia’s stock market closed 1.3 per cent lower today with the S&P/ASX200 at 6923.3 points and the All Ords falling 101 points lower, a decline of 1.4 per cent, at 7019.9 points.  The indices dropped as much as 1.7 per cent on the open before firming up […]

Australia: S&P/ASX 200 (.AXJO) Investors are bracing for the worst day for Australian shares this year

Australia: S&P/ASX 200 (.AXJO) Investors are bracing for the worst day for Australian shares this year

Australia: S&P/ASX 200 (.AXJO) Investors are bracing for the worst day for Australian shares this year Investors are bracing for the worst day for Australian shares this year, on escalating fears about the damage to economic growth from the deadly coronavirus. China said on Sunday the death toll from the virus had risen to 304, […]

Australia: S&P/ASX 200 (.AXJO) – The day ahead

Australia: S&P/ASX 200 (.AXJO) – The day ahead

Australia: S&P/ASX 200 (.AXJO) – The day ahead Today is the deadline for ASX companies to lodge their quarterly reports, hence the bourse will be full of these today. In economic data, the RBA will release its statistics on private sector credit, while the Australian Bureau of Statistics will release its Producer Price Index (PPI). […]

Australia: S&P/ASX 200 (.AXJO) managed to take back part of its coronavirus-related losses

Australia: S&P/ASX 200 (.AXJO) managed to take back part of its coronavirus-related losses

Australia: S&P/ASX 200 (.AXJO) managed to take back part of its coronavirus-related losses The sharemarket managed to take back part of its coronavirus-related losses on Wednesday amid further efforts to control its spread even as Treasury Wine Estates lost a quarter of its value. The S&P/ASX 200 Index firmed 37 points, or 0.5 per cent, […]

Australia: S&P/ASX 200 (.AXJO) shares are set to recoup some

Australia: S&P/ASX 200 (.AXJO) shares are set to recoup some

Australia: S&P/ASX 200 (.AXJO) shares are set to recoup some Australian shares are set to recoup some of Tuesday’s losses at the open as China expands its effort to contain the coronavirus. Equities in both Europe and on Wall Street are rebounding. ASX futures were up 42 points or 0.6% to 6981 near 4.45am AEDT. […]

Australia: S&P/ASX 200 (.AXJO) poised to follow Wall Street when it resumes trading this morning

Australia: S&P/ASX 200 (.AXJO) poised to follow Wall Street when it resumes trading this morning

Australia: S&P/ASX 200 (.AXJO) poised to follow Wall Street when it resumes trading this morning Wall Street’s main indexes fell more than 1 per cent on Monday as investors worried about the economic fallout of a virus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to […]

Australia: S&P/ASX 200 (.AXJO) drops from record high as investors take profits

Australia: S&P/ASX 200 (.AXJO) drops from record high as investors take profits

Australia: S&P/ASX 200 (.AXJO) drops from record high as investors take profits The ASX 200 dropped 0.6 per cent to 7,088 points at its close. Losses were seen across the board, with energy and industrial stocks leading the falls. “It’s still the best month we’ve had in more than eight years and the best start […]

Australia: S&P/ASX 200 (.AXJO) smashes new records

Australia: S&P/ASX 200 (.AXJO) smashes new records

Australia: S&P/ASX 200 (.AXJO) smashes new records Australia’s stock market chalked up a surprisingly strong session on Wednesday with more than a tenth of the S&P/ASX200 reaching record high prices. The index closed nearly 1 per cent higher at 7132.7 points. News that German retail giant Kaufland is pulling out of Australia before it even […]

Australia: S&P/ASX 200 (.AXJO) snaps record streak as China virus spooks Asian markets

Australia: S&P/ASX 200 (.AXJO) snaps record streak as China virus spooks Asian markets

Australia: S&P/ASX 200 (.AXJO) snaps record streak as China virus spooks Asian markets A last-minute jump helped the local bourse keep losses in check on Tuesday, as the emergence of a deadly virus in China weighed on Asian markets and contributed to the snapping of its five-day winning streak. The S&P/ASX 200 index declined 13 […]

Australia: S&P/ASX 200 (.AXJO) Trade war truce

Australia: S&P/ASX 200 (.AXJO) Trade war truce

Australia: S&P/ASX 200 (.AXJO) Trade war truce It’s been coming for some time, but Donald Trump finally managed to sign a trade war ceasefire with China. It will see tariffs reduced on some Chinese products by the US and China has committed to buying billions of dollars of various products such as agriculture and resources, […]

Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal

Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal

Australia: S&P/ASX 200 (.AXJO) soars past 7,000 points; Wall St wavers over US-China trade deal That was despite alukewarm lead from Wall Street after the United States and China signed their long-awaited “phase one” trade agreement. The ASX 200 closed 0.7 per cent higher at 7,041 points, while the broader All Ordinaries index gained 0.6 […]

Australia: S&P/ASX 200 (.AXJO) nears 7000

Australia: S&P/ASX 200 (.AXJO) nears 7000

Australia: S&P/ASX 200 (.AXJO) nears 7000 The local sharemarket pushed to fresh record highs on Wednesday, brushing aside a soft lead from Wall Street sparked by renewed concerns towards progress in trade negotiations between the US and China in the months ahead. The benchmark S&P/ASX 200 climbed 32.6 points, or 0.5 per cent, to close […]

Australia: S&P/ASX 200 (.AXJO) closes at fresh high as US shares resume record run

Australia: S&P/ASX 200 (.AXJO) closes at fresh high as US shares resume record run

Australia: S&P/ASX 200 (.AXJO) closes at fresh high as US shares resume record run The ASX 200 closed 0.9 per cent higher at 6,962 points — beating its previous record finish posted on Friday, with broad-based gains across most sectors. Mining stocks rallied into the close, including Rio Tinto (+1.9pc), Fortescue Metals (+1.9pc) and South32 […]

Australia: S&P/ASX 200 (.AXJO) set to open higher after tech giants boost Wall Street

Australia: S&P/ASX 200 (.AXJO) set to open higher after tech giants boost Wall Street

Australia: S&P/ASX 200 (.AXJO) set to open higher after tech giants boost Wall Street The Australian sharemarket is set for an upbeat morning after Wall Street hit new highs overnight, buoyed by gains in US technology stocks and optimism that a US-China trade deal is on track to be signed this week. The SPI200 futures contract […]

Australia: S&P/ASX 200 (.AXJO) Tougher year tipped for super sector in 2020

Australia: S&P/ASX 200 (.AXJO) Tougher year tipped for super sector in 2020

Australia: S&P/ASX 200 (.AXJO) Tougher year tipped for super sector in 2020 Superannuation experts are warning fund members they should not expect the stellar returns of 2019 to continue this year, with increased regulation and more mergers poised to reshape the retirement savings landscape. Many super funds are yet to report their end-of-year results but […]

Australia: S&P/ASX 200 (.AXJO) pare losses as Trump reassures after Iran attacks

Australia: S&P/ASX 200 (.AXJO) pare losses as Trump reassures after Iran attacks

Australia: S&P/ASX 200 (.AXJO) pare losses as Trump reassures after Iran attacks Australian shares trimmed losses on Wednesday after U.S. President Donald Trump’s comment on the Middle East tensions reassured investors rattled by Iranian missile attacks on U.S.-led forces in Iraq earlier in the day. The S&P/ASX 200 index closed down 0.1%, or 8.8 points, […]

Australia: S&P/ASX 200 (.AXJO) every sector gaining as weak economic data was seen to boost the odds of a February cash rate cut

Australia: S&P/ASX 200 (.AXJO) every sector gaining as weak economic data was seen to boost the odds of a February cash rate cut

Australia: S&P/ASX 200 (.AXJO) every sector gaining as weak economic data was seen to boost the odds of a February cash rate cut The Australian sharemarket has enjoyed its best day in three weeks, with every sector gaining as weak economic data was seen to boost the odds of a February cash rate cut. The […]

2020: What to Watch For in Commodities

2020: What to Watch For in Commodities

$DIA $SPY $QQQ, $RUTX, $VXX, $SOY, $CORN, $XAU, $CU, $USO This is our 1st What to Watch in the commodities sector, it is an overview of what to expect. The picture mixed, complex picture that emerges. The list covers oil, gold, copper, iron ore, pork and more. The year’s 1st full week of trading could […]

Australia: S&P/ASX 200 (.AXJO) finishes flat as gold and oil soar

Australia: S&P/ASX 200 (.AXJO) finishes flat as gold and oil soar

Australia: S&P/ASX 200 (.AXJO) finishes flat as gold and oil soar The ASX has bounced back from its early losses to close slightly higher, powered by strong gains by gold miners and oil producers as both commodities moved higher amid tension in the Middle East. The S&P-ASX200 index fell 61.8 points in the first 11 […]

Australia: S&P/ASX 200 (.AXJO) set to open lower as investors, wary of a still further escalation of military activity between Iran and the US

Australia: S&P/ASX 200 (.AXJO) set to open lower as investors, wary of a still further escalation of military activity between Iran and the US

Australia: S&P/ASX 200 (.AXJO) set to open lower as investors, wary of a still further escalation of military activity between Iran and the US Australian shares are set to open lower as investors, wary of a still further escalation of military activity between Iran and the US, dash at least near-term hopes for an extension […]

Australia: S&P/ASX 200 (.AXJO) shares are poised to catch an overseas New Year rally at the open

Australia: S&P/ASX 200 (.AXJO) shares are poised to catch an overseas New Year rally at the open

Australia: S&P/ASX 200 (.AXJO) shares are poised to catch an overseas New Year rally at the open Australian shares are poised to catch an overseas New Year rally at the open, helped in part by a slide in the local currency. ASX futures were up 48 points or 0.7% to 6672 near 5.50am AEDT. The […]

2020: Asian Shares Open Higher on New Chinese Monetary Policy

2020: Asian Shares Open Higher on New Chinese Monetary Policy

$MSCI, $DAX, $FTSE, $SPY Asian shares kicked off Y 2020 on a strong note Thursday, driven by Chinese markets after Beijing eased monetary policy to support its slowing economy. Investors cheered news that the United States and China will sign a trade pact on 15 January after months of negotiations between the world’s 2 largest […]

Australia: S&P/ASX 200 (.AXJO) Share Market Ends Year With Investors Wiping Out $40 Billion in Value

Australia: S&P/ASX 200 (.AXJO) Share Market Ends Year With Investors Wiping Out $40 Billion in Value

Australia: S&P/ASX 200 (.AXJO) Share Market Ends Year With Investors Wiping Out $40 Billion in Value While Forex traders were cheering the Australian Dollar’s breakout above the psychological 70 cents level on Tuesday, there was a bloodbath in the Australian stock market as traders swamped the Australian Stock Exchange with sell orders on the final […]

Australia: S&P/ASX 200 (.AXJO) to slide on final trading day of year

Australia: S&P/ASX 200 (.AXJO) to slide on final trading day of year

Australia: S&P/ASX 200 (.AXJO) to slide on final trading day of year Australian shares are poised to open lower in the final trading day of the year. ASX futures were down 61 points or 0.9% to 6680 near 7am AEDT. The local currency edged 0.3% higher to top US70¢. Through Monday’s close, the S&P/ASX 200 […]

Australia: S&P/ASX 200 (.AXJO) shares are poised to dip after returning from a two-day Christmas break

Australia: S&P/ASX 200 (.AXJO) shares are poised to dip after returning from a two-day Christmas break

Australia: S&P/ASX 200 (.AXJO) shares are poised to dip after returning from a two-day Christmas break Australian shares are poised to dip after returning from a two-day Christmas break, despite shares on Wall Street touching fresh record highs in overnight trade. ASX futures are down 5 points, or 0.1 per cent, to 6710. All three […]

Wall Street rally to buoy Australia: S&P/ASX 200 (.AXJO) shares

Wall Street rally to buoy Australia: S&P/ASX 200 (.AXJO) shares

Wall Street rally to buoy Australia: S&P/ASX 200 (.AXJO) shares Australian shares are tipped to open in the positive ahead of Christmas, buoyed by a rally on international markets. The S&P 500 – the main benchmark in the US – closed on Friday up about 15.8 points or 0.5 per cent, and the Dow Jones […]

Positive jobs data takes shine off Australia: S&P/ASX 200 (.AXJO)

Positive jobs data takes shine off Australia: S&P/ASX 200 (.AXJO)

Positive jobs data takes shine off Australia: S&P/ASX 200 (.AXJO) The Australian sharemarket has closed lower after positive November jobs data pared the chances of a February interest rate cut and took the gloss off local equities. The benchmark S&P-ASX 200 index finished Thursday 18.3 points lower at 6833.1, while the broader all ordinaries slipped […]

Australia: S&P/ASX 200 (.AXJO) flat as financial, mining sectors slip

Australia: S&P/ASX 200 (.AXJO) flat as financial, mining sectors slip

Australia: S&P/ASX 200 (.AXJO) flat as financial, mining sectors slip The Australian sharemarket has closed flat for a second straight day, as banks and the mining sector weighed on gains by CSL and the energy sector. The benchmark S&P-ASX 200 index finished on Wednesday up 4.1 points to 6851.4, while the broader all ordinaries was […]

Australia: S&P/ASX 200 (.AXJO) Slip as New U.S. Tariffs Loom

Australia: S&P/ASX 200 (.AXJO) Slip as New U.S. Tariffs Loom

Australia: S&P/ASX 200 (.AXJO) Slip as New U.S. Tariffs Loom Australian shares fell early last week, with banking stocks leading losses, as investors waited to see if Washington will proceed with new tariffs on China that could change the course of their months-long trade war. The S&P/ASX 200 index snapped a three-session rally to end […]

Australia: S&P/ASX 200 (.AXJO) close to historical highs

Australia: S&P/ASX 200 (.AXJO) close to historical highs

Australia: S&P/ASX 200 (.AXJO) close to historical highs The S&P/ASX 200 had its best one-day rally since May, up 1.6 per cent today to 6849.7 points and did get as high at 6866 just before the close.  This falls short of historical highs. The S&P/ASX 200’s highest closing price was 6864 points on November 28, […]

Australia: S&P/ASX 200 (.AXJO) shares to start in positive mood

Australia: S&P/ASX 200 (.AXJO) shares to start in positive mood

Australia: S&P/ASX 200 (.AXJO) shares to start in positive mood Australian shares can expect to get off to a positive start to the week after two major uncertainties that have been undermining the global economy finally are lifted. Heading into the week, phase one of the hotly disputed trade negotiations between the US and China […]

Australia: S&P/ASX 200 (.AXJO) drops as US Federal Reserve keeps interest rates on hold

Australia: S&P/ASX 200 (.AXJO) drops as US Federal Reserve keeps interest rates on hold

Australia: S&P/ASX 200 (.AXJO) drops as US Federal Reserve keeps interest rates on hold The Australian dollar jumped to 68.8 US cents, its highest value in five weeks, due to a weaker greenback following the Fed’s interest rate decision. It also lifted sharply to 52.1 British pence as the latest polls revealed that UK Prime […]

Australia: S&P/ASX 200 (.AXJO) expected to rebound

Australia: S&P/ASX 200 (.AXJO) expected to rebound

Australia: S&P/ASX 200 (.AXJO) expected to rebound After a couple of very disappointing days of trade, the S&P/ASX 200 index looks set to return to form on Thursday. According to the latest SPI futures, the ASX 200 index is expected to jump 59 points or 0.9% at the open. This follows a positive night on […]

Australia: S&P/ASX 200 (.AXJO) stock index buoyed by US-China trade deal, Brexit hopes

Australia: S&P/ASX 200 (.AXJO) stock index buoyed by US-China trade deal, Brexit hopes

Australia: S&P/ASX 200 (.AXJO) stock index buoyed by US-China trade deal, Brexit hopes Australia’s benchmark ASX 200 stock index has tracked higher alongside an upshift in priced-in 2020 Fed policy expectations for over three months. The move echoes similar dynamics across most major risk-on assets, reflecting growing hopes for a US-China trade deal and the […]

Australia: S&P/ASX 200 (.AXJO) investors focus on RBA governor Philip Lowe speech

Australia: S&P/ASX 200 (.AXJO) investors focus on RBA governor Philip Lowe speech

Australia: S&P/ASX 200 (.AXJO) investors focus on RBA governor Philip Lowe speech The Australian share market is expected to open higher after a positive lead from Wall Street at the end of last week. The SPI200 futures contract was up 35.0 points, or 0.52 per cent, at 6,738 at 8am Sydney time, suggesting a bounce […]

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China

Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China The Australian Dollar is trading lower on Monday in reaction to weaker-than-expected trade balance data from China. The Aussie is also being pressured by Friday’s stronger-than-expected U.S. Non-Farm Payrolls and consumer sentiment reports, which should be enough to prevent the […]

Australia: S&P/ASX 200 (.AXJO) is set for a positive start to the week

Australia: S&P/ASX 200 (.AXJO) is set for a positive start to the week

Australia: S&P/ASX 200 (.AXJO) is set for a positive start to the week Australia’s share market is set for a positive start to the week, getting a bounce from strong US jobs data. It comes after a rally on Wall Street and European markets in response to stronger than expected American payroll numbers and falling […]

Australia: S&P/ASX 200 (.AXJO) rebounds on trade hopes after brutal two-day sell-off

Australia: S&P/ASX 200 (.AXJO) rebounds on trade hopes after brutal two-day sell-off

Australia: S&P/ASX 200 (.AXJO) rebounds on trade hopes after brutal two-day sell-off Australian shares recovered after suffering their largest two-day slide since early August, boosted by a report suggesting a trade deal between the United States and China may still be reached before the next wave of proposed US tariffs begin on December 15. The […]

Australia: S&P/ASX 200 (.AXJO) expected to rebound

Australia: S&P/ASX 200 (.AXJO) expected to rebound

Australia: S&P/ASX 200 (.AXJO) expected to rebound After a couple of very disappointing days of trade, the S&P/ASX 200 index looks set to return to form on Thursday. According to the latest SPI futures, the ASX 200 index is expected to jump 59 points or 0.9% at the open. This follows a positive night on […]

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait Global stocks fell broadly after President Donald Trump cast doubt over the potential for a trade deal with China this year and threatened to impose tariffs on French goods. The selling knocked the Dow Jones Industrial Average more […]

Australia: S&P/ASX 200 (.AXJO) to sink as Donald Trump threatens to impose tariffs on Brazil and Argentina metal imports

Australia: S&P/ASX 200 (.AXJO) to sink as Donald Trump threatens to impose tariffs on Brazil and Argentina metal imports

Australia: S&P/ASX 200 (.AXJO) to sink as Donald Trump threatens to impose tariffs on Brazil and Argentina metal imports ASX futures were down 87 points or 1.3 per cent. Meanwhile, the Australian dollar jumped to 68.2 US cents, up about half a cent since early-Monday. This was due to some upbeat economic data from Beijing […]

Australia: S&P/ASX 200 (.AXJO) traders prepare for what promises to be a high impact two-to-three weeks

Australia: S&P/ASX 200 (.AXJO) traders prepare for what promises to be a high impact two-to-three weeks

Australia: S&P/ASX 200 (.AXJO) traders prepare for what promises to be a high impact two-to-three weeks A quiet end to last week as the Thanksgiving holiday disrupted markets, setting up the ASX for a soft start this morning. At 7.15am AEDT, futures are pointing to a gain of 5 points at the open. Stocks fall […]

Australia: S&P/ASX 200 (.AXJO) reaches highest point ever despite Westpac scandal

Australia: S&P/ASX 200 (.AXJO) reaches highest point ever despite Westpac scandal

Australia: S&P/ASX 200 (.AXJO) reaches highest point ever despite Westpac scandal The Australian share market has lifted to its highest ever point despite one of the country’s biggest institutions being embroiled in controversy. Scandal-plagued Westpac is the nation’s second largest bank in a sector that dominates the equities market, but this hasn’t restricted the indices […]

Australia’s first underwater hotel to open on Great Barrier Reef

Australia’s first underwater hotel to open on Great Barrier Reef

Australia’s first underwater hotel is set to open on the Great Barrier Reef in the coming days, allowing visitors to immerse themselves in one of the world’s most spectacular natural environments. Situated about 40 nautical miles off Airlie Beach at Hardy Reef’s reconstructed pontoon that was badly damaged by Cyclone Debbi in 2017, the 10 […]

Australia: S&P/ASX 200 (.AXJO) soars to record closing high as more RBA easing eyed

Australia: S&P/ASX 200 (.AXJO) soars to record closing high as more RBA easing eyed

Australia: S&P/ASX 200 (.AXJO) soars to record closing high as more RBA easing eyed Australian shares surged to a record closing high on Wednesday, supported by growing speculation the Reserve Bank of Australia will cut official interest rates and launch quantitative easing (QE) next year. The benchmark S&P/ASX 200 jumped 63.1 points, or 0.9 per […]

Australia: S&P/ASX 200 (.AXJO) moves higher on energy sector surge

Australia: S&P/ASX 200 (.AXJO) moves higher on energy sector surge

Australia: S&P/ASX 200 (.AXJO) moves higher on energy sector surge The Australian sharemarket has closed higher for a third day, with gains across every sector except consumer discretionary shares. The benchmark S&P-ASX 200 index finished on Tuesday up 56.1 points to 6787.5, while the broader all ordinaries was up 54.2 points to 6889.8. “There’s plenty […]

Australia: S&P/ASX 200 (.AXJO) edges higher as iron-ore strength steels miners

Australia: S&P/ASX 200 (.AXJO) edges higher as iron-ore strength steels miners

Australia: S&P/ASX 200 (.AXJO) edges higher as iron-ore strength steels miners A rise in iron ore spot prices pushed up shares in Australia’s major iron ore producers on Monday and helped underpin a 0.3 per cent lift in the S&P/ASX 200 index to 6731.4. The steel ingredient is at four-week highs of $US84.50 per tonne […]

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news Investors are set to react cautiously to any positive trade deal news this week, with a phase one US-China trade pact before the end of the year looking increasingly unlikely. Despite positive comments from both Beijing and Washington last […]

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim The Australian share market slumped for a second day, with losses across the board as passage of a US-China trade deal appears less and less likely anytime soon. The benchmark S&P-ASX 200 index on Thursday closed down 49.5 points to 6672.9, while the broader […]

Australia: S&P/ASX 200 (.AXJO) Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering rules

Australia: S&P/ASX 200 (.AXJO) Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering rules

Australia: S&P/ASX 200 (.AXJO) Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering rules Australian shares fell on Wednesday, with second-biggest lender Westpac Banking Corp weighing heavily on the heavyweight financials sector after regulators accused the bank of serious breaches of anti-money laundering […]

Australia: S&P/ASX 200 (.AXJO) shares are poised to open little changed, reflecting a pause in the rally that lifted US stocks to record highs

Australia: S&P/ASX 200 (.AXJO) shares are poised to open little changed, reflecting a pause in the rally that lifted US stocks to record highs

Australia: S&P/ASX 200 (.AXJO) shares are poised to open little changed, reflecting a pause in the rally that lifted US stocks to record highs Australian shares are poised to open little changed, reflecting a pause in the rally that lifted US stocks to record highs last week. ASX futures were down 2 points to 6773 […]

Australia: S&P/ASX 200 (.AXJO) set for a mixed start to the trading week

Australia: S&P/ASX 200 (.AXJO) set for a mixed start to the trading week

Australia: S&P/ASX 200 (.AXJO) set for a mixed start to the trading week S&P/ASX200 Index futures are down 3 points, suggesting a mixed start to the trading week. However, rising hopes of a US-China trade deal after a “constructive” weekend phone call between negotiators may fuel the momentum in blue chip stocks that has propelled […]

Australia: S&P/ASX 200 (.AXJO) expected to rise

Australia: S&P/ASX 200 (.AXJO) expected to rise

Australia: S&P/ASX 200 (.AXJO) expected to rise The S&P/ASX 200 index returned to form on Thursday and pushed notably higher. The benchmark index finished the day 1% higher at 6,726.6 points. Will the local share market be able to build on this on Friday? Here are five things to watch: ASX 200 expected to rise.    […]

1 2 3 13