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Markets flat as debt ceiling looms

09 May 2023 - The S&P 500 closed near the flat line on Monday as investors looked ahead to pivotal inflation readings.

Energy, Materials, Tech lead: ASX closes 0.74% higher

08 May 2023 - Australian shares experienced their most significant increase in four weeks following a surge in the US market due to short covering in banks. This occurred despite a…

Lithium markets reached a turning point: ASX up 0.6% at noon

08 May 2023 - At noon, the S&P/ASX 200 is 0.60 per cent higher at 7,263.40 following strong results from the US markets on Friday. US stocks experienced a surge as regional bank sh…

Stocks surge on Apple earnings: Short squeeze bolsters US regional banks

08 May 2023 - Stocks popped on Friday as regional bank shares climbed off their lows and market-darling Apple jumped after posting better-than-expected quarterly earnings.

ASX closes 0.4% higher as US futures rise

05 May 2023 - The S&P/ASX 200 index finished 0.4 per cent higher at 7,220 points as a result of the rise in US futures due to Apple's better-than-expected results. This gain in the…

Results from Macquarie & ANZ: ASX 0.11% higher

05 May 2023 - At noon, the S&P/ASX 200 is 0.11% higher at 7,200.80. Macquarie Group (ASX:MQG) reported a record profit of $5.18 billion for the year ending March 31, up 10% from th…

US regional banks continue to tumble amid ongoing crisis

05 May 2023 - Stocks declined Thursday, as contagion fears in the regional bank space were reignited.

Banks stocks drag ASX: Aus shares close 0.06% lower

04 May 2023 - At the closing bell, the S&P/ASX 200 was 0.06 per cent lower at 7,193.10, mainly impacted by bank stocks due to the US regional bank sell-off affecting consumer senti…

ASX falls 0.28% at noon to five-week intraday low

04 May 2023 - Australian shares experienced a sharp intraday fall, with the S&P/ASX 200 index dropping as low as 0.8 per cent to a five-week intraday low of 7147 points. However, t…

US markets react to the Fed raising rates by 25bp

04 May 2023 - Stocks fell Wednesday after the Federal Reserve raised rates by 25 basis points, as was widely expected. Its tenth consecutive increase in just over a year.

Energy sector falls: Aus shares close 0.96% lower

03 May 2023 - At the closing bell, the S&P/ASX 200 was 0.96 per cent lower at 7,197.40, due to a broad decrease, with energy and financial sectors leading the decline after the RBA…

Fracking in NT gets approved: ASX down 1.04% at noon

03 May 2023 - At midday, the S&P/ASX 200 is 1.04 per cent lower at 7,191.70, due to a drop in energy and financial stocks following a sell-off by US banks and a decrease in crude o…

Markets lower as hedge funds ramp up short selling of regional banks

03 May 2023 - Stocks tumbled on Tuesday as traders’ fears around contagion in the regional banking sector returned ahead of the Federal Reserve’s rate decision.

ASX closes 1.2% lower as RBA hikes rates by 25 basis points

02 May 2023 - Following the Reserve Bank's decision to raise the cash rate to 3.85 per cent, the S&P/ASX 200 closed 0.92 per cent lower at 7,267.40, with losses exceeding 1 per cen…

Qantas hires a new CEO: ASX down 0.22% at noon

02 May 2023 - At noon, the S&P/ASX 200 is 0.22 per cent lower at 7,318.50, due to weakness in the industrials and consumer staples sectors. Qantas shares (ASX:QAN) were among the d…

JPMorgan Chase acquires First Republic Bank

02 May 2023 - The Dow Jones Industrial Average inched lower Monday in the wake of the government’s seizure of First Republic over the weekend and the bank’s subsequent sale to JPMo…

Eight out of 12 sectors in the black: ASX closes 0.35% higher

01 May 2023 - At the closing bell, the S&P/ASX 200 was 0.35 per cent higher at 7,334.60, as investors await the Reserve Bank's decision on the official cash rate.

RBA likely to pause rates tomorrow: ASX up 0.56% at noon

01 May 2023 - The RBA is likely to pause rates, as the economy stabilises. This decision is based on the need to monitor how the economy performs in light of the increased number o…

Major indexes rise despite mixed earnings results

01 May 2023 - The Dow Jones Industrial Average rose on Friday, notching its best month since January. The Dow finished April 2.5% higher, its best monthly showing since January, wh…

ASX ends a five-day losing streak to close 0.23% higher

28 Apr 2023 - After a significant increase in the US market, Australia's stock market managed to break a five-day losing streak. The S&P/ASX 200 index closed with a 0.23 per cent g…

Australia's PPI rises: ASX up 0.43% at noon

28 Apr 2023 - Australia's Producer Price Index (PPI) rose by 1 per cent in the March quarter of the year and increased by 5.2 per cent compared to the same period in the previous y…

US stocks rally on big tech earnings

28 Apr 2023 - Stocks rose Thursday, as strong results from Meta Platforms boosted tech-related names, and investors weighed the latest data on the US economy.

ASX closes 0.32% down representing its lowest point in two weeks

27 Apr 2023 - At the closing bell, the S&P/ASX 200 was 0.32 per cent lower at 7,292.70. The market experienced broad losses due to concerns over a possible recession and issues wit…

Export prices beat consensus: ASX down 0.49% at noon

27 Apr 2023 - Australian export prices exceeded expectations by rising 1.6 per cent in the first quarter of 2023, driven by a rebound in metalliferous ores and metal scrap. The inc…

First Republic Bank troubles outweigh excitement around big tech earnings

27 Apr 2023 - The Dow Jones Industrial Average lost more than 200 points as investors’ worries around First Republic overpowered their excitement around Big Tech earnings.

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