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) shares extend gains; miners shine on metal prices Australian shares extended their record-breaking spree to a fifth session on Monday, mainly driven by mining stocks that gained on strong metal prices. The S&P/ASX 200 index touched a fresh peak of 7,092.50 points before paring some gains to finish at 7,079.50, a […]
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 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 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 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 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 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 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 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 […]
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 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 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 […]
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 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 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 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) 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) 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 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) 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 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) 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 […]
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) 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) 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 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&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 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 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 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 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 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 end modestly higher on RBA’s dovish tone Australian shares closed modestly higher on Tuesday, after minutes from the country’s central bank meeting this month revealed a clear dovish bias, but gains on the benchmark were capped by a decline in technology stocks. The S&P/ASX 200 index advanced 0.7% to 6,814.20 […]
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 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 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. […]
Australia: S&P/ASX 200 (.AXJO) Trading Higher Australia stocks were higher after the close on Monday, as gains in the Metals & Mining, Materials and Resources sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 0.27%. The best performers of the session on the S&P/ASX 200 were NRW Holdings Ltd (ASX:NWH), which […]
Strong US lead to see Australia: S&P/ASX 200 (.AXJO) open high today The interest today will turn to local retail sales data today, as traders prepare for tomorrow’s RBA meeting. And on a global front, though it’s unlikely to be anywhere near as significant as last week, traders will be positioning for another busy week […]
Australia: S&P/ASX 200 (.AXJO) Expected to Open Lower Dragged lower by weakness in banking stocks, Australian shares recorded their first back to back decline in two weeks on Thursday. The benchmark S&P/ASX 200 Index slid 26.1 points, or 0.4 per cent, to close at 6663.4, bucking the positive lead provided by Wall Street after the […]
Australia: S&P/ASX 200 (.AXJO) economic data events combined to knock the local market lower The longest rally in Australian shares in over two years came to abrupt end on Wednesday as reduced rate cut bets from the RBA, uncertainty over progress in US-China trade negations and caution ahead of several key central bank and economic […]
Australia: S&P/ASX 200 (.AXJO) pointing to an early bounce The Australian share market has given up nearly all of its early gains, just barely extending its winning streak to six days ahead of busy week for economic data. After being up by as many as 27 points in the morning, the benchmark S&P/ASX200 index finished […]
Australia: S&P/ASX 200 (.AXJO) Expected to Rise at Open Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 6,620.49. The projected upper bound is: 6,836.20. The projected lower bound is: 6,562.42. The projected closing price is: 6,699.31. Candlesticks A white body occurred (because prices closed higher than […]
Australia: S&P/ASX 200 (.AXJO) stocks are tipped to make a steady start after a mixed night on Wall Street Australia stocks were higher after the close on Tuesday, as gains in the Materials, Metals & Mining and Resources sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.30%. The best performers […]
Australia: S&P/ASX 200 (.AXJO) staggers out of red as Treasury Wine weighs on market Michael Clarke’s surprise decision to resign as chief executive of Treasury Wine had a powerful impact on the broader Australian stock market on Monday as investors just barely pushed the benchmark index into positive territory. The news from Treasury sparked a 12 […]
Australia: S&P/ASX 200 (.AXJO) set to dip slightly with a big week for US corporate earnings and global economic data ahead Australian shares are set to dip slightly with a big week for US corporate earnings and global economic data ahead. Investors are in for another busy week of corporate earnings, including McDonald’s on Tuesday, […]
Australia: S&P/ASX 200 (.AXJO) shares set for soft open ahead of China data Australian shares are expected to open slightly lower on Friday, as investors will likely exercise caution ahead of growth data from the country’s biggest trade partner, China. Mining heavyweights such as BHP Group and Rio Tinto are likely to be pressured due […]
Australia: S&P/ASX 200 (.AXJO) bullish as big banks all made strong gains The S&P/ASX 200 enjoyed a bullish session that saw the index gain 84.5 points to rise 1.3 per cent to a two-week high of 6736.5. Volumes were high at 609 million and the session ended with just 29 companies in the red. The most points […]
Australia: S&P/ASX 200 (.AXJO) higher despite stocks of media companies and retailers taking a hit The Australian share market has finished a touch higher despite stocks of media companies and retailers taking a hit amid reports their businesses are suffering. The benchmark S&P/ASX200 index finished Tuesday up 9.4 points, or 0.14 per cent, to 6,652 […]
Australia: S&P/ASX 200 (.AXJO) gains on truce in US-China trade war The Australian share market has closed higher for a third day, playing catch-up after the US and China struck a truce on tariffs after Friday’s close. The benchmark S&P/ASX200 index rallied hard at the open but then gave up half of its gains later […]
Australia: S&P/ASX 200 (.AXJO) Wild day ends flat Australian shares endured a wild ride on Thursday, gyrating throughout the session as a swathe of conflicting headlines relating to trade talks between the United States and China saw sentiment change in the blink of an eye. After three trips into negative territory and two ventures into […]
Australia: S&P/ASX 200 (.AXJO) set to open higher Australian shares are set to open higher on renewed optimism for the pending high-level trade talks in Washington between the US and China. ASX futures were up 46 points or 0.7% to 6560 near 6am AEDT. The currency was little changed. China was still open to agreeing […]
Australia: S&P/ASX 200 (.AXJO) tech sector leads to rise The Australian share market has posted gains across the board after jobs figures from the US reassured traders that the world’s largest economy wasn’t on the brink of recession after all. The benchmark S&P/ASX200 index closed Monday up 46.5 points, or 0.71 per cent, to 6,563.6 […]
Australia: S&P/ASX 200 (.AXJO) falls 1.5 per cent Fears of a recession in the United States and lower expectations of global trade pushed the Australian share market down by more than 100 points to close 1.5 per cent lower at 6639.9 points on Wednesday. The index opened at 6742.8 and ended the day with 180 […]
Australia: S&P/ASX 200 (.AXJO) set for heavy falls The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday after data showed US factory activity shrank in September to its weakest in over a decade, ratcheting up fears that the US-China trade war is hobbling the world’s largest economy. The slide […]
Australia: S&P/ASX 200 (.AXJO) looks set to be an eventful week Monday. On Monday Nufarm Limited (ASX: NUF) shares will be on watch when it releases its full year results. A weak result is expected from the agricultural chemicals company, so all eyes will be on its guidance for FY 2020. The market is currently expecting a 19% […]
Australia: S&P/ASX 200 (.AXJO) down driven by large falls in utility, communications, energy and healthcare stocks Third day of losses driven by large falls in utility, communications, energy and healthcare stocks, Australian shares declined for a third consecutive session on Thursday, ignoring a strong lead from Wall Street sparked by renewed optimism over the prospects […]
Australia: S&P/ASX 200 (.AXJO) expected to rise On Wednesday the S&P/ASX 200 index came under pressure and tumbled lower due to a combination of trade war and impeachment concerns. The index finished the day 0.6% lower at 6,710.2 points. Will the local share market be able to bounce back from this on Thursday? Here are […]
Australia: S&P/ASX 200 (.AXJO) poised to open sharply lower after President Donald Trump took a harsh stance against China’s approach to trade All the big banks rose, with ANZ up 1.3 per cent to $28.28, Westpac up 0.4 per cent to $29.92, NAB up 0.6 per cent to also close at $29.92, and Commonwealth up 0.1 per cent to $82.10. In the materials […]
Australia: S&P/ASX 200 (.AXJO) RBA Governor Lowe Signal in Focus Bullish momentum continues for the ASX 200, which records a 4th consecutive weekly gain. Subsequently, the index is now testing the 6760-70 resistance zone, which has curbed futures upside for now. Eyes will be on RBA Governor Lowe, which may be key in breaking topside resistance […]
Australia: S&P/ASX 200 (.AXJO) gains as US Fed cuts interest rates The Australian share market has had its best day in two weeks, with most sectors posting gains after the US Federal Reserve cut a key interest rate. The benchmark S&P/ASX200 index closed Thursday up 35.9 points, or 0.54 per cent, to 6,717.5 points. The […]
Australia: S&P/ASX 200 (.AXJO) lower weighed down by energy and mining investors reacting to oil The benchmark S&P/ASX200 index closed on Wednesday down 13.7 points, or 0.2 per cent, to 6,681.6 points, while the broader All Ordinaries was down 10.5 points, or 0.15 per cent, to 6,791.2 points. Shayne Heffernan, Founder and CEO of Heffx […]
Australia: S&P/ASX 200 (.AXJO) shares subdued ahead of the U.S. Federal Reserve’s policy meeting Australian shares were subdued on Tuesday, as markets trod cautiously in the wake of heightened tensions in the Middle East and ahead of the U.S. Federal Reserve’s policy meeting this week. The S&P/ASX 200 index declined 0.1% or 8.2 points to […]
Australia: S&P/ASX 200 (.AXJO) lower and “has just been steadily eating away at the losses” The Australian share market has finished marginally higher as gains by oil companies and goldminers outweighed declines elsewhere in the wake of a drone attack on two Saudi Arabian oil facilities. The benchmark S&P/ASX200 index closed on Monday up 4.3 […]
Australia: S&P/ASX 200 (.AXJO) shares are set to ease with a cautious start to the week Australian shares are set to ease with a cautious start to the week as the US central bank’s pending policy decision is awaited. ASX futures were down 7 points or 0.1% to 6667. The local currency edged 0.2% higher. […]
Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate Investors reacted positively Thursday to the European Central Bank’s decision to lower interest rates and engage in a new round of bond-buying as well as overtures between the U.S. and China ahead of the next round of trade […]
Australia: S&P/ASX 200 (.AXJO) shares managed to extend a September advance with banks and miners performing Australian shares managed to extend a September advance with banks and miners performing well, as one strategist suggested concerns about a global economic downturn were “overblown.” The S&P/ASX 200 index climbed 23 points, or 0.4 per cent, to 6638, […]
Australia: S&P/ASX 200 (.AXJO) poised for modest opening gains Australian shares are poised for modest opening gains as Wall Street managed to pare most losses in late trade to end mostly little changed. ASX futures were up 16 points or 0.2% to 6633 near 6.30am AEST. The local currency was flat. Industrials pulled the blue-chip […]
Australia: S&P/ASX 200 (.AXJO) minor kick off The local share market started the week with a minor lift of 0.01 per cent or 1 point, after rising for three straight weeks as at Friday. We saw several stocks hit all-time highs on Friday and set new ones today, including Jumbo Interactive (ASX:JIN) Qube (ASX:QUB) and Aventus (ASX:AVN) which all set new […]
Australia: S&P/ASX 200 (.AXJO) set to open lower Australian shares are set to edge down to start the trading week, with a lack of direction from overseas as if global investors paused to catch their breath. A dearth of key data in the next few days could give bears a chance to recoup some of […]
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Australia: S&P/ASX 200 (.AXJO) pointing to a fall in the ASX at the start of trade The Aussie dollar has sunk to its lowest level against its US counterpart in a decade, and the Australian sharemarket has also finished lower, after the US Federal Reserve said its interest rate cut is unlikely to be the […]
Australia: S&P/ASX 200 (.AXJO) has pulled back from its record highs despite gains for the energy sector The Australian sharemarket has pulled back from its record highs despite gains for the energy sector. The benchmark S&P-ASX 200 index finished down 32.5 points to 6,812.6 points on Wednesday, while the all ordinaries closed down 31.6 points […]
Australia: S&P/ASX 200 (.AXJO) hits new all-time high The Australian share market’s benchmark index has hit an all-time high after the S&P/ASX200 broke through the record mark last reached more than 11 years ago. The index surged past its November 1, 2007 high of 6,851.5 points at 1009 AEST on Tuesday and peaked 20 minutes […]
Australia: S&P/ASX 200 (.AXJO) share market breached its record closing high The Australian share market breached its record closing high, set before the global financial crisis (GFC) smashed stock values. However, the ASX 200 was unable to sustain its new record for very long. The benchmark index closed 0.5 per cent higher at 6,825.8 — […]
Australia: S&P/ASX 200 (.AXJO) set to open up after a record-breaking week Australian shares are set to open up after a record-breaking week on markets and as a big US Federal Reserve decision is set to come. SPI futures were up 19 points to 6750. The Australian dollar was down 0.6 per cent to 69.08 […]
Australia: S&P/ASX 200 (.AXJO) hits record high The Australian sharemarket has hit an all-time high after the all ordinaries broke through a record set more than 11 years ago. The index rose 25.2 points, or 0.4 per cent, to hit 6888.4 at 9.40am. The all ordinaries’ previous intra-day high of 6873.2 was reached on November […]
Australia: S&P/ASX 200 (.AXJO) near record-high prices The S&P/ASX 200 has closed 0.7 per cent higher at 6776.7 points, despite iron ore stocks softening in the final two hours of trading. The All Ords has closed at a new record high of 6862.4 points, a one-day gain of 50 points. Rio Tinto ended today’s session at a […]
Australia: S&P/ASX 200 (.AXJO) gains led by energy sector The Australian share market has finished broadly higher with all sectors posting gains. The benchmark S&P/ASX200 index was up 33.4 points, or 0.5 per cent, to 6,724.6 points at 1615 AEST on Tuesday, while the broader All Ordinaries was up 31.3 points, or 0.46 per cent, […]
Australia: S&P/ASX 200 (.AXJO) uncertainty returns to market The Australian share market has edged lower, with traders apparently feeling cautious on a number of fronts. The benchmark S&P-ASX 200 index finished down 9.1 points to 6691.2, while the all ordinaries was down five points to 6781.2 points. “I think we’ve definitely got uncertainty coming into […]
Australia: S&P/ASX 200 (.AXJO) rallied to end a mostly lacklustre week The Australian share market has rallied to end a mostly lacklustre week a tad higher than where it began, thanks to gold miners and the big banks. The benchmark S&P/ASX200 index finished up 51.2 points, or 0.77 per cent, to 6,700.3 points at 1615 […]
Australia: S&P/ASX 200 (.AXJO) shares closed lower after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates Australian shares closed lower on Thursday after a flat unemployment figure reduced the likelihood of the Reserve Bank of Australia cutting rates in the short term. The S&P/ASX 200 Index fell 24.2 points, or […]
Australia: S&P/ASX 200 (.AXJO) investors await an indication as to when the Reserve Bank of Australia will next cut rates Australian shares ended a quiet day of trading higher on Wednesday as investors await an indication as to when the Reserve Bank of Australia will next cut rates. The S&P/ASX 200 Index firmed 32.3 points, […]
Australia: S&P/ASX 200 (.AXJO) down slightly lower The sharemarket closed slightly lower on Tuesday after minutes from the Reserve Bank’s July meeting dampened the equity market’s expectations of further interest rate cuts. Investors also continued to weigh the implications of weak growth but positive retail sales from Chinese economic data released on Monday. The S&P/ASX […]
Australia: S&P/ASX 200 (.AXJO) higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus Australian shares closed Thursday’s trade firmly higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus. The S&P/ASX 200 Index rose 26.3 points, or 0.4 […]
Australia: S&P/ASX 200 (.AXJO) up over 18% this year, set for its best run since 2009 It’s among the top stock markets in the world this year and inching closer to an all-time high. Australia’s benchmark S&P/ASX 200 Index has surged over 18% this year, adding about $210 billion in value despite a sluggish economy […]
Australia: S&P/ASX 200 (.AXJO) stocks lower at close of trade Australia stocks were lower after the close on Tuesday, as losses in the IT, Energy and Utilities sectors led shares lower. At the close in Sydney, the S&P/ASX 200 declined 0.10%. The best performers of the session on the S&P/ASX 200 were Breville Group Ltd […]
Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates Australian shares fell heavily on Monday after a solid US non-farm payrolls print dampened market expectations the Federal Reserve would cut rates more than twice this year. The S&P/ASX 200 Index posted its biggest one-day fall since June 3, closing 79.1 points, […]
Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high Australian shares closed at a fresh 11-1/2-year high on Thursday as the major banks rebounded from a poor start to the week’s trading. The S&P/ASX 200 Index closed 32.5 points, or 0.5 per cent, higher at 6718 and the […]
Australia: S&P/ASX 200 (.AXJO) to open lower The Australian share market is expected to open lower this morning despite U.S. and European markets pushing higher. According to the latest SPI futures, the ASX 200 is poised to open the day 0.1% or 8 points lower. On Wall Street the Dow Jones rose 0.25%, the S&P […]
Australia: S&P/ASX 200 (.AXJO) falls flat after RBA’s back-to-back cut The Australian sharemarket fell flat after the Reserve Bank delivered a consecutive cash rate cut, with the big four banks and mining giants pulling in opposite directions. The S&P/ASX200 index lost earlier gains to close just 5.1 points, or 0.08 per cent, higher at 6653.2 […]
Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks The Australian share market has closed higher but failed to make strong gains after the US and China agreed to resume trade talks over the weekend. The benchmark S&P/ASX200 index was up 29.3 points, or 0.44 […]
Australia: S&P/ASX 200 (.AXJO) RBA decision in focus Australian shares are poised to open higher to start the new fiscal year, bolstered by the weekend US-China trade truce and with investors positioning for a rate cut as soon as tomorrow. ASX futures were up 18 points or 0.3 per cent to 6577 over the weekend. […]
Australia: S&P/ASX 200 (.AXJO) set to edge lower Australian shares are poised to edge lower at the open, amid directionless trading on Wall Street. ASX futures were down 15 points or 0.2% to 6554 near 7.25am AEST. The Australian dollar rose 0.3% to US69.85¢. The NZ dollar gained 0.6 per cent to US66.79¢. The 26-point […]
Australia: S&P/ASX 200 (.AXJO) investors remain cautious ahead of key trade talks later this week The Australian sharemarket closed slightly lower on Tuesday, as investors remained cautious ahead of key trade talks later this week, shifting capital into more defensive assets. The S&P/ASX 200 Index slid 7.4 points, or 0.1 per cent, to 6658 while […]
Australia: S&P/ASX 200 (.AXJO) Investors are cautiously optimistic China and the US could reach a trade truce Australian shares opened the week’s trading higher on Monday, as the market rallied from an opening loss on a subdued day of trading ahead of a key meeting between US President Donald Trump and China’s Xi Jinping later […]
Australia: S&P/ASX 200 (.AXJO) Weekly Bullish Outlook Finally, the ASX 200 is amid a rally of its own. After a recent rate cut, commentary from RBA Governor Lowe suggests the bank is open to more. This could provide a healthy tailwind for the Index in the near-term while simultaneously contributing to the continued deterioration of the Australian Dollar. […]
Australia: S&P/ASX 200 (.AXJO) expected to edge lower The Australian share market looks set to finish the week on a subdued note despite a strong night of trade over in the United States. According to the latest SPI futures, the ASX 200 index is poised to open 0.1% or 5 points lower on Friday. On […]
Australia: S&P/ASX 200 (.AXJO) close to its 2007 high point The ASX 200 came through this year’s very patchy risk appetite in style and is now back within close distance of its own record peaks. The latest boost has come from suspicions that the European Central Bank could soon bolster the global atmosphere of looser monetary policy, and from hopes […]
Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares The local market finished Tuesday’s session at a 12-year closing high, buoyed by comments out of the Reserve Bank which seemed to confirm further cuts to the official cash rate were ahead. At the close of trade, the ASX […]
