LATEST FINANCE NEWS

ASX lifts 1.4%: All sectors finish in green
07 May 2024 - The Australian sharemarket surged by 1.4 percent following the Reserve Bank of Australia's decision to maintain the cash rate, resulting in gains across all 11 sectors, with the S&P/ASX 200 Index climbing to 7793.3 points at closing.

ASX up 0.37% near noon: All eyes await RBA decision
07 May 2024 - The Australian sharemarket opened higher, mirroring a surge in New York driven by anticipation of potential interest rate cuts by the Federal Reserve.

US markets continue positive momentum to start the week
07 May 2024 - A solid earnings season and rising confidence in the Fed’s rates policy saw markets continue their advance to start the week well into positive territory.

ASX grows 0.7%: Real Estate leads sectors ahead of RBA decision
06 May 2024 - The Australian sharemarket saw a 0.7% increase in the benchmark S&P/ASX 200 Index on Monday, primarily driven by gains in interest rate sensitive sectors such as real estate and information technology ahead of the Reserve Bank's expected decision to maintain the cash rate.

ASX up 0.54% near noon: All eyes await RBA decision
06 May 2024 - The Australian sharemarket surged at opening due to a weaker-than-expected US jobs report, suggesting potential interest rate cuts in the US. At 11:30am, the S&P/ASX 200 is 0.54 per cent higher at 7,670.3.

Softer jobs data boosts US markets
06 May 2024 - US equity markets rallied strongly on Friday following softer-than-expected April jobs numbers. The report took some pressure off the Fed after recent hotter than expected economic data.

ASX up 0.53% near noon: Consumer Discretionary leads sectors
03 May 2024 - The Australian sharemarket began on a positive note amidst concerns of prolonged higher interest rates, with Apple's stock surging over 7% in after-hours trading and local tech companies such as Pro Medicus reaching record highs.

Robust earnings results drive US markets higher
03 May 2024 - Strong earnings and softer treasury yields ease investor concerns further, as Megacap Tech stocks lead markets higher.

ASX closes 0.23% higher: Woolies tumbles 4.2%
02 May 2024 - At the closing bell, the S&P/ASX 200 was 0.23 per cent higher at 7,587, led by gains in the financial sector, as National Australia Bank exceeded analysts' expectations with a $3.55 billion cash profit, while US markets remained mixed following the Federal Reserve's decision to maintain interest rates and Chairman Powell's indication of unlikely further rate hikes.

ASX up 0.32% despite concerns of prolonged interest rates in the US
02 May 2024 - Australian shares showed resilience, edging higher on Thursday morning despite concerns about prolonged higher interest rates, with the S&P/ASX 200 up 0.2%.