Australia: S&P/ASX 200 (.AXJO) rallied to end a mostly lacklustre week

Australia: S&P/ASX 200 (.AXJO) rallied to end a mostly lacklustre week

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

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

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) down slightly lower

Australia: S&P/ASX 200 (.AXJO) down slightly lower

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

Australia: S&P/ASX 200 (.AXJO) higher after dovish comments from Federal Reserve chairman Jerome Powell gave markets renewed hopes of extra policy stimulus

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

Australia: S&P/ASX 200 (.AXJO) up over 18% this year, set for its best run since 2009

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: S&P/ASX 200 (.AXJO) stocks lower at close of trade

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

Australia: S&P/ASX 200 (.AXJO) fell after solid US data dampened expectations the Fed would cut rates

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

Australia: S&P/ASX 200 (.AXJO) investors are continuing to focus on the S&P/ASX 200’s approaching record high

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

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

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

Australia: S&P/ASX 200 (.AXJO) falls flat after RBA’s back-to-back cut

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

Australia: S&P/ASX 200 (.AXJO) failed to make strong gains after the US and China agreed to resume trade talks

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

Australia: S&P/ASX 200 (.AXJO) RBA decision in focus

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

Australia: S&P/ASX 200 (.AXJO) set to edge lower

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

Australia: S&P/ASX 200 (.AXJO) investors remain cautious ahead of key trade talks later this week

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

Australia: S&P/ASX 200 (.AXJO) Investors are cautiously optimistic China and the US could reach a trade truce

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

Australia: S&P/ASX 200 (.AXJO) Weekly Bullish Outlook

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

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

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

Australia: S&P/ASX 200 (.AXJO) close to its 2007 high point

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

Australia: S&P/ASX 200 (.AXJO) hopes that the RBA would cut interest rates even lower boosted shares

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 […]

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

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

Australia: S&P/ASX 200 (.AXJO) poised to edge higher at the open Australian shares are poised to edge higher at the open of a week where central bankers are set to dominate. ASX futures are up 8 points or 0.1 per cent to 6565. Local investors will be waiting for the latest RBA meeting minutes to […]

Australia: S&P/ASX 200 (.AXJO) future gains limited

Australia: S&P/ASX 200 (.AXJO) future gains limited

Australia: S&P/ASX 200 (.AXJO) future gains limited A strong rally to start 2019 has Australia’s stocks looking expensive, and that could be a bad sign for future gains. The nation’s benchmark S&P/ASX 200 Index has advanced 16 per cent this year, causing valuations to swell. The gauge trades at an estimated price-earnings ratio of 17.1, […]

Australia: S&P/ASX 200 (.AXJO) Is it time to take profit?

Australia: S&P/ASX 200 (.AXJO) Is it time to take profit?

Australia: S&P/ASX 200 (.AXJO) Is it time to take profit? he AMA Group Ltd (ASX: AMA) share price has jumped to a record high this morning after the panel beating and automotive services group released a trading update. The AMA share price advanced around 3% to $1.29 at the time of writing, taking its gain to nearly […]

Australia: S&P/ASX 200 (.AXJO) investors respond to climbing prospects of easier monetary policy at home and abroad

Australia: S&P/ASX 200 (.AXJO) investors respond to climbing prospects of easier monetary policy at home and abroad

Australia: S&P/ASX 200 (.AXJO) investors respond to climbing prospects of easier monetary policy at home and abroad The ASX is expected to move back within striking distance of a post-GFC high in coming days as investors respond to climbing prospects of easier monetary policy at home and abroad. Thursday’s jobs data for May stands out […]

Australia: S&P/ASX 200 (.AXJO) modest gains across the board pushing the market higher

Australia: S&P/ASX 200 (.AXJO) modest gains across the board pushing the market higher

Australia: S&P/ASX 200 (.AXJO) modest gains across the board pushing the market higher Australian shares advanced on Thursday, with modest gains across the board pushing the market higher for a third straight session. The S&P/ASX 200 Index added 24.5 points, or 0.4 per cent, to end the session at 6383, while the broader All Ordinaries […]

Australia: S&P/ASX 200 (.AXJO) a little bit of improvement

Australia: S&P/ASX 200 (.AXJO) a little bit of improvement

Australia: S&P/ASX 200 (.AXJO) a little bit of improvement The Australian share market rallied early in the day following strong gains on Wall Street, but then faded throughout the day. The benchmark S&P/ASX200 index still managed to close higher, up 26.1 points, or 0.41 per cent, to 6,358.5 points at 1615 AEST on Wednesday, while […]

Australia: S&P/ASX 200 (.AXJO) has retreated quite sharply in the past week

Australia: S&P/ASX 200 (.AXJO) has retreated quite sharply in the past week

Australia: S&P/ASX 200 (.AXJO) has retreated quite sharply in the past week Is the party over at last for the ASX 200? The Australian stock benchmark defied trade-gloom and diminished global risk appetite quite well up until the end of last week. Rising iron ore prices and a weaker Australian Dollar burnished the appeal of what should […]

Australia: S&P/ASX 200 (.AXJO) market has suffered its worst loss in five months

Australia: S&P/ASX 200 (.AXJO) market has suffered its worst loss in five months

Australia: S&P/ASX 200 (.AXJO) market has suffered its worst loss in five months The Australian share market has suffered its worst loss in five months amid jitters on global growth and fears the US is picking a second trade war, this one with Mexico. The benchmark S&P/ASX200 index closed down 76.4 points, or 1.19 per […]

Australia: S&P/ASX 200 (.AXJO) Banking sector continues to weaken as New Zealand bites ANZ

Australia: S&P/ASX 200 (.AXJO) Banking sector continues to weaken as New Zealand bites ANZ

Australia: S&P/ASX 200 (.AXJO) Banking sector continues to weaken as New Zealand bites ANZ One was a continued weakness in the banking sector, particularly after the Reserve Bank of New Zealand (RBNZ) came down particularly hard on ANZ (ASX: ANZ) for not complying correctly with reserve capital requirements. Under the New Zealand – and Australian […]

S&P/ASX 200 (INDEXASX:XJO) Suggests Prices are Stalling

S&P/ASX 200 (INDEXASX:XJO) Suggests Prices are Stalling

S&P/ASX 200 (INDEXASX:XJO) Suggests Prices are Stalling Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 5,654.65. The projected lower bound is: 5,383.56. The projected closing price is: 5,519.10. Candlesticks A black body occurred (because prices closed lower than they opened). During […]