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Market Reports

ASX up 0.11% at noon as the price of oil stablises

10 Jul 2023 - Oil stabilises as Saudi Arabia and Russia commit to supply cuts, while the market faces challenges from China's economic slowdown, central banks' tightening policies,…

Stocks close lower amid investor concerns of imminent Fed rate hikes

10 Jul 2023 - Stocks fell on Friday, and finished lower for the week, as Wall Street struggled to shake off fears that the Federal Reserve may start hiking rates again later this m…

Morning Report: US stocks fall after better-than-expected jobs data

07 Jul 2023 - Better-than-expected jobs data increased investors’ anxiety around the state of the economy and the path of interest rates.

ASX closed 1.24 per cent lower as Aus dollar falls

06 Jul 2023 - The Australian dollar briefly dropped 0.6 per cent to a low of US66.34 against the US dollar as sentiment continues to deteriorate across Asian markets.

ABS reports trade surplus: ASX down 1.05% at noon

06 Jul 2023 - Australia recorded a trade surplus of $11.8 billion in May, with strong commodity prices contributing to the boost in the economy.

Morning Report: Fed indicates further rate hikes ahead

06 Jul 2023 - The Dow Jones Industrial Average slid on Wednesday as Wall Street digested the Fed meeting minutes for insights into monetary policy.

ASX closes 0.35 per cent lower to end a three-day period of gains

05 Jul 2023 - At the closing bell, the S&P/ASX 200 was 0.35 per cent lower at 7,253.20, experiencing a decline, ending a three-day period of gains. The index closed down by 0.4 per…

China's Caixin services falls short: ASX down 0.29% at noon

05 Jul 2023 - China's Caixin services manufacturing PMI for June fell short of expectations at 53.9 points, disappointing analysts who anticipated a stronger rebound at 56.2.

Morning Report: China-US AI arms race heating up

05 Jul 2023 - Overnight, US markets were closed due to the fourth of July holiday. Futures tied to the Dow Jones Industrial Average and Nasdaq-100 lost 0.1 per cent, while contract…

ASX closes 0.42 per cent higher after the RBA decides to keep rates unchanged

04 Jul 2023 - The Reserve Bank of Australia has decided to keep the cash rate unchanged at 4.1 percent following its July board meeting.

ASX up 0.06% at noon ahead of RBA rate decision

04 Jul 2023 - Economists are divided on whether there will be a rate change, with some expecting another 25 basis point hike while others anticipate no change.

Morning Report: Stocks begin second half of 2023 with modest gains

04 Jul 2023 - Stocks rose slightly Monday in a shortened session that kicked off the second half of what’s already been a stellar year on Wall Street.

ASX rises 0.59% on FY24s first day, driven by seasonal trade strategy

03 Jul 2023 - Supported by positive sentiment from Wall Street, the S&P/ASX 200 closed 0.59 per cent higher at 7,246.10, with the benchmark index gaining 0.3% and nine out of 11 se…

Afternoon Update: Materials soar, tech slumps

03 Jul 2023 - The Australian residential market is showing early signs of recovery, as building approvals and housing finance approvals have rebounded strongly.

Oil prices stabilise: ASX up 0.29% at noon

03 Jul 2023 - Oil prices remained relatively stable as the second half of the year began, as traders closely monitored factors affecting demand and the complex supply situation.

Friday's close caps off best half for Nasdaq in 40 years

03 Jul 2023 - Stocks rose Friday and technology names continued their staggering run to cap off a strong start to the year, and the best first half for the Nasdaq Composite since 1…

ASX ends 0.1% higher to close the week up 1.5%

30 Jun 2023 - The S&P/ASX 200 index increased by 0.1 per cent to reach 7203.30.

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.

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