Australia: S&P/ASX 200 (.AXJO) poised to open lower The best-performing ASX 200 share today was buy now, pay later business Afterpay Touch Group Ltd (ASX: APT) it went up 14% after responding to the idea of a Senate inquiry. The share price of Credit Corp Group Limited (ASX: CCP) also gained 6% today. However, it […]
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) Target 5500 If you look at the ASX 200 monthly chart from a long-term perspective, then we are just hanging on to the long-term uptrend. A drop below the 5800 level and we are looking at further falls to the 5500 level before any sort of technical support would kick in. […]
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) Set to Fall Monday Australian shares appear set to fall at the start of the week, distancing themselves from the rally that lifted US stocks over the weekend. ASX futures were 51 points or 0.9 per cent lower at 7am AEDT Saturday. The Australian dollar slipped 0.1 per cent. The S&P/ASX […]
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 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 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) set to extend losses The S&P/ASX 200 is down to where it was on June 15th at 6100.3 points as mining and energy stocks dragged. It was news from a Norwegian-owned mine in Brazil that did a lot of damage, with South32 losing 5.4 per cent and Alumina losing 7 per […]
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 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 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 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 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 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 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) Flat Open The S&P/ASX 200 index has closed 0.9 points lower, a decline of 0.02 per cent, as energy stocks tried to counteract the down pull from the financial index. The Hang Seng index is down 1.6 per cent and the Shanghai composite is down 1.06 per cent. Among the top […]
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 […]
S&P/ASX 200 (.AXJO) Set to Open Lower The ASX gained 0.5 per cent over the week, but its days of out-performance are a distant memory now. Risk is back in town, but can it last? To put it subtly, things are evenly balanced. It is odd, but not unprecedented, both US equities and bond yields […]
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 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 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) Expected to Open Lower On Monday the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) started the week on a positive note and closed the day 0.3% higher at 6,185 points. Will the market be able to build on this on Tuesday? Here are five things to watch: ASX futures pointing lower. According […]
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 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) Set to Open Lower The Australian sharemarket’s recovery on Tuesday was short lived, with the market fall on Wednesday weighed down by a number of index heavyweights. The S&P/ASX 200 index closed 3.8 points, or 0.1 per cent lower at 6175.9, falling for the ninth time in the last ten sessions. Many […]
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) Market Set to Open Flat Mounting concerns over a sharp escalation in the US-China trade war, rising interest rates, falling domestic house prices and weak wages growth all weighed on sentiment. The S&P-ASX 200 index dropped 0.3 per cent at the open, rallied to a 0.2 per cent gain and closed […]
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 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 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 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 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 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 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 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 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 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 […]
Australia: S&P/ASX 200 (.AXJO) are set to open the week steady Australian stocks are set to open the week steady, with the ASX 200 futures down one point after a week that saw the S&P/ASX 200 index fall 91.9 points, or 1.5 per cent, to 6247.3. The benchmark index traded defensively during a week of […]
Australia: S&P/ASX 200 (.AXJO) shares have closed flat Local shares have opened flat on Thursday with the ASX 200 oscillating between positive and negative in the early part of the session. Towards lunch, the main index is lower by 11 points or 0.18% to 6255. Financials have continued to weigh on the local bourse with […]
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 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 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 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 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 […]
Australia: S&P/ASX 200 (.AXJO) set to open lower According to the latest SPI futures, the Australian share market is expected to open the day 2 points lower on Friday. This is despite strong gains being made on Wall Street overnight after the U.S. and China agreed to resume trade talks. The Dow Jones climbed a […]
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 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 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 open lower The Australian sharemarket closed in the red and the dollar hit a fresh 18-month low as the Turkish lira led a rout in emerging market currencies and concerns mounted over European Bank exposure to Turkey. The S&P-ASX 200 index dropped 26.2 point, or 0.42 per cent, to […]
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 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 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 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) poised to slip It was probably welcomed by many investors, but it was a relatively quiet day on financial markets overnight — even for a Monday. For the local sharemarket, a flattish start is on the cards, with futures pointing to a 5 point rise for the ASX at the opening […]
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 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 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 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 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 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 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 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) Open Higher The Australian sharemarket closed flat on Thursday as losses made by Macquarie Group were matched by gains from Newcrest Mining. The S&P/ASX 200 index closed 3 points, or 0.1 per cent, lower at 6244.5 points, a subdued close amid what has been a turbulent month of trading for the […]
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 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 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) Target 6300 The Australian sharemarket is tipped for a modest decline upon opening, following weak leads from North America and Europe. In the very short term there is now a good chance that the Australian S&P/ASX 200 index will hit our year-end target of 6300 early. Overall, the bias in prices […]
Australia: S&P/ASX 200 (.AXJO) Set to Open Lower The Australian sharemarket extended yesterday’s gains in early trade but failed to capitalise on solid jobs data as the dollar and bond yields rallied. The S&P-ASX 200 index was up 0.4 per cent in morning trade after the US s&P 500 index rose 0.2 per cent last […]
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 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 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 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 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 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 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 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 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) poised to lift at open Australian shares are poised to lift at the open. $A steady. President Donald Trump is preparing to impose tariffs one minute after midnight on Friday, with China set to match the move as the two economic powerhouses step closer to a trade war that could derail global […]
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 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 […]
Australia: S&P/ASX 200 (.AXJO) end lower as financials outweigh property sector gains; NZ flat Australian shares edged lower on Monday as financials offset gains in real estate stocks on the first trading day of the country’s new financial year. The S&P/ASX 200 index fell 0.3 percent, or 16.8 points, to close at 6,177.8. Financials tipped […]
Australia: S&P/ASX 200 (.AXJO) shares fall on banks, health care stocks Aussie shares ended lower on Friday as financials and health care stocks weighed on the benchmark, with investors cautious on the last trading day of the fiscal year. The S&P/ASX 200 index fell 20.8 points to close at 6,194.6. The benchmark gained over 3 percent […]
Australia: S&P/ASX 200 (.AXJO) poised to rise Australian shares are poised to open higher on the final trading day of the June quarter and fiscal year. ASX futures were up 13 points at 6.55am AEST. The Australian dollar steadied after yesterday’s swoon, edging modestly higher. Overall, the bias in prices is: Upwards. By the way, prices […]
Australia: S&P/ASX 200 (.AXJO) Australian shares steady Australian shares ended little changed on Wednesday as strength in energy and materials stocks was countered by declines in banks and industrials. The S&P/ASX 200 index fell 1.70 points to 6,195.90 at the close of trade. The benchmark slipped 0.2 percent on Tuesday. Gains on the index were […]
Australia: S&P/ASX 200 (.AXJO) shares end lower for third straight session Materials stocks drove Australian shares lower on Tuesday, with BHP leading declines after inking a deal with Brazilian authorities that settles a lawsuit over a 2015 dam disaster. The S&P/ASX 200 index AXJO fell 0.2 percent or 12.80 points to 6,197.60 at the close […]
Australia: S&P/ASX 200 (.AXJO) dip as banks fall on CBA spin-off plans; NZ treads water Banks drive Aussie shares lower CBA drags the benchmark Materials and energy stocks cap fall Australian shares slipped on Monday as declines in banks offset gains in materials and energy stocks after Commonwealth Bank of Australia stepped up plans to […]
Australia: S&P/ASX 200 (.AXJO) set to start up following OPEC meeting Australian shares look set for a positive start to the week following Friday’s gains by markets in the US, Canada and Europe. OPEC’s mixed messages on crude production sent oil prices soaring and gave energy stocks a bump, putting to rest an eight-day losing […]
S&P/ASX 200 (.AXJO) hits record high Australian shares appear headed for early losses amid a retreat on Wall Street. ASX futures were down 26 points at about 5.25am AEST. The Australian dollar edged higher. Shares on Wall Street ended mostly lower. The S&P 500 fell 0.6 per cent. Intel, which forced out its chief executive overnight, […]
Australia: Telstra Corporation Limited (TLS:AX) plan to split in two and sack 8,000 staff Australia’s largest telco showed today that it’s serious about winning back investors after a painful de-rating of the stock that has left it at the bottom of the share price performance table for blue-chip stocks. Telstra Corporation Ltd (ASX: TLS) is throwing everything […]
Australia: S&P/ASX 200 (.AXJO) poised to edge higher at open Australian shares are poised to open modestly higher, amid a rally in tech and media stocks in New York. ASX futures were up 13 points at 6am AEST. The Australian dollar was little changed. Investors unimpressed by Telstra’s big news: Shareholder hopes that Telstra’s strategic […]
Australia: S&P/ASX 200 (.AXJO) Bulls Must Consolidate Their Gains The ASX 200 remains above 6000 This is not usually a comfortable level for the index However its long-term uptrend looks very solid The ASX 200 has put on a little bearish spurt in recent days. Monday’s breah up through the 6114 level took the Sydney stock benchmark […]
Australia: S&P/ASX 200 (.AXJO) closes higher as banks, miners fall The S&P/ASX 200 index rose 10.1 points, or 0.2 per cent, to 6104.1 as stocks on the benchmark index traded cautiously. US-China trade tensions were supportive for the US dollar which rose over the weekend to a year-long high. The strengthening greenback was good news […]
S&P/ASX 200 (.AXJO) Target 6,170.00 The ASX, having enjoyed one of its biggest bounces of the year on Friday, looks to be in a holding pattern judging by futures trading over the weekend. Overall, the bias in prices is: Upwards. The projected upper bound is: 6,177.65. The projected lower bound is: 6,023.66. The projected closing […]
Australia: S&P/ASX 200 (.AXJO) to open higher, $A drops Australian shares are poised to lift, as Nasdaq powered higher on a tech rally. The $A retreated more than 1 per cent amid a widening difference in yield between the US and Australia. ASX futures were up 33 points at 6.30am AEST. Today’s Agenda Local data: RBA assistant […]
S&P/ASX 200 (.AXJO) futures turn lower, Fed signals two more rate hikes this year ASX futures turned lower after US stocks extended losses into the close as the Fed signalled it will increase the pace at least this year at which it will lift rates higher. ASX futures were down 7 points at 6.30am AEST, reversing a gain […]
S&P/ASX 200 (.AXJO) Advances on Positive Trump-Kim Summit The Australian sharemarket rose following a “very positive” meeting between US President Donald Trump and North Korean leader Kim Jong-un in Singapore. The S&P/ASX 200 index rose 9.2 points, or 0.2 per cent, to 6054.4, with President Trump saying that the summit went better than anyone could […]
S&P/ASX 200 (.AXJO) Could be a Volatile Week “The market made a little ground last week in choppy trade as investors held their breath for what was to come out of the G7 summit over the weekend,” “The ASX200 closed out the week at 6,045, up 55 points. This week is likely to continue to […]
Telstra Corporation Limited (ASX:TLS) Upside Potential We think that what might not be fully priced in are some sources of upside that may emerge over a slightly longer time frame. We think that there may be three of these. Telstra has for a long time enjoyed a dominant market position, and it was able to earn […]
S&P/ASX 200 (.AXJO) Short at 6400 Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Thursday. Here’s a short recap of the Australian market: S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.53% to 6,057.30 ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.52% to 6,169.40 AUD/USD at US 77 cents Gold at US$1,297.60 an […]