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Market Reports

China manufacturing slows: ASX flat at noon

30 Jun 2023 - Chinese manufacturing activity contracted for the third consecutive month. Additionally, the value of the onshore yuan reached its lowest level since November.

Fed's annual stress test boosts Dow: ASX to open higher

30 Jun 2023 - Big bank names gained after passing the Federal Reserve’s annual stress test, and a revised upward GDP print alleviated some recession fears.

Iron ore futures decline: ASX closes 0.02% lower

29 Jun 2023 - Although technology stocks performed well, the gains were not enough to offset losses in mining, real estate and utilities sectors.

Job vacancies fall 2% for quarter: ASX up 0.13% at noon

29 Jun 2023 - Job vacancies in Australia decreased by 2% in May 2023 compared to February 2023, with private sector vacancies declining by 2.3% and public sector vacancies increasi…

Powell signals potential for tighter policies: ASX to open lower

29 Jun 2023 - The S&P 500 was little changed Wednesday as traders pored commentary from Fed Chair Jerome Powell.

ASX shares close 1.1% higher after CPI slows to a 13-month low

28 Jun 2023 - Australian shares experienced a significant rally on Wednesday as the country's annual inflation rate unexpectedly slowed to a 13-month low.

ASX up 1.08% at noon as inflation figures fall

28 Jun 2023 - In May, inflation in Australia dropped to 5.6%, compared to 6.8% in the previous month. This decrease has raised hopes that the Reserve Bank can halt its series of in…

Nasdaq rallies as investors dive back into tech: Aus shares to open higher

28 Jun 2023 - The Nasdaq has gained 29.5 per cent this year, on pace for its best first half in 40 years.

ASX closes 0.6% higher to snap a four-day losing streak

27 Jun 2023 - Shares snapped a consecutive decline over the course of four days, while the banking, real estate, and mining sectors outperformed.

ASX up 0.59% at noon: BHP CEO sends message regarding critical minerals

27 Jun 2023 - BHP Group (ASX:BHP) CEO Mike Henry cautions against excessive government intervention in global critical minerals supply chains, emphasising the importance of interna…

Nasdaq tumbles as investors sell off on tech stocks: ASX to open higher

27 Jun 2023 - The Nasdaq Composite slumped on Monday as investors sold shares of outperforming tech companies and the final trading week of the first half commenced.

ASX closes 0.29% lower as Aus dollar falls

26 Jun 2023 - The Aus dollar is trading near its lowest level since the beginning of June due to concerns about central banks increasing policy interest rates.

ASX 0.36% lower at noon amidst significant sell-off

26 Jun 2023 - Australia's share market experiences volatility with a significant multi-day selloff, but recovers partially as US futures show slight improvement.

Global stocks fall in worst week since March: Aus shares to open lower

26 Jun 2023 - Global stocks fell on Friday, capping their worst week since March as investors in the US and Europe fretted over the prospect of further interest rate increases and …

ASX closes 1.34% lower as Energy suffers big blow

23 Jun 2023 - According to AMP economist Shane Oliver, there is a significant chance of Australia experiencing a recession within the next year due to the shrinking economy. Oliver…

US DOE gifts record-breaking loan to battery plants

23 Jun 2023 - The Nasdaq Composite and the S&P 500 rose Thursday, snapping three-day losing streaks as investors resumed buying tech stocks.

Iron ore prices rebound: ASX closes 1.63% lower

22 Jun 2023 - Australian investment banking fees have experienced a significant 50 per cent decline in the first half of this year compared to 2022, with equity capital markets, me…

Bitcoin surges past US$30,000: ASX down 1.34% at noon

22 Jun 2023 - Bitcoin has experienced a significant surge of over 6 per cent in the last 24 hours, surpassing the $30,000 mark. This surge is attributed by traders to the announcem…

Stocks retreat as investors digest Powell's inflation comments

22 Jun 2023 - Stocks fell Wednesday as investors took a breather from last week’s market rally, and weighed Federal Reserve Chair Jerome Powell’s latest comments on inflation.

ASX breaks seven-day winning streak: Aus shares close 0.58% lower

21 Jun 2023 - On Wednesday, the S&P/ASX 200 experienced its first drop in seven days, declining by 0.6 per cent. This was primarily driven by a 1.3 per cent decrease in the energy …

Dexus cuts valuations: ASX 0.22% lower at noon

21 Jun 2023 - Office and industrial property group, Dexus (ASX:DXS), has reduced the book value of its office and industrial properties by approximately $1 billion (6% reduction) d…

US stocks finish lower for second consecutive day

21 Jun 2023 - Stocks fell Tuesday, the first trading day of the week, as a rally that drove the market to levels not seen in more than a year took a breather.

ASX reaches highest closing price since April: Aus shares up 0.86%

20 Jun 2023 - The ASX experienced its seventh consecutive day of growth, primarily driven by increases in the energy, real estate, and financial sectors.

ASX up 0.44% at noon as RBA June policy meeting concludes to raise the cash rate

20 Jun 2023 - The RBA June policy meeting minutes revealed that members discussed raising the cash rate or keeping it unchanged, but ultimately decided to increase it due to the sh…

Continued market jitters keep European stocks in the red

20 Jun 2023 - The US markets were closed overnight in observation of Juneteenth. When shifting to European markets, the benchmark Stoxx 600 index closed 1% lower Monday, with almos…

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