Australia: S&P/ASX 200 (.AXJO) shares fall as recession worries deepen, oil stocks weigh Australia’s main stock index fell on Wednesday as prospects of a deep global recession and its impact on the demand for crude oil hammered energy stocks and offset better-than-expected trade data from China, the country’s biggest trading partner. The benchmark S&P/ASX 200 […]
Australia: S&P/ASX 200 (.AXJO) slips as market struggles to ‘find confidence’ amid coronavirus Australian shares have experienced a lacklustre start to the day, its first session back from the Easter long weekend. The ASX 200 index had fallen by 0.4 per cent to 5,365 points by 10:25am AEST. Many of the best-performing stocks were gold […]
Australia: S&P/ASX 200 (.AXJO) tipped to follow Wall St higher The Australian sharemarket is set for an early rise after US stocks were buoyed by hopes the coronavirus outbreak has reached a peak. The SPI200 futures contract was up 70 points, or 1.35 per cent, at 5,248.0 points at 0800 AEST on Thursday, suggesting local […]
Australia: S&P/ASX 200 (.AXJO) to rise on encouraging COVID-19 trend The Australian sharemarket is tipped to continue its strong start to the week after global equities were encouraged by early signs the coronavirus death toll is slowing. The SPI200 futures contract was up 124 points, or 2.35 per cent, at 5,397.0 points at 0800 AEST […]
Australia: S&P/ASX 200 (.AXJO) set to rise but economists remain wary The Australian share market is tipped to rise but economists remain wary of the coronavirus volatility that ensured global equities ended the week on a sour note. Wall Street’s main indexes fell more than 1.5 per cent on Friday after US employment showed a […]
How COVID-19 is impacting the Australia: S&P/ASX 200 (.AXJO) COVID-19 hit equity markets around the world swiftly and sharply. Equities, as is often the case in crises, have been characterised by exceptionally high levels of volatility, as increased weightings in illiquid assets have forced many investors to liquidate where they can rather than where is […]
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 […]
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 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 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 […]
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 […]
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 […]
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 […]
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 […]
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 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) 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 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 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 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 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 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) 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 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 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 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 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 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) 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) 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 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 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 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 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 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 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 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 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 […]