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Market Reports

Fed looks to raise rates despite signs of cooling inflation

20 Jan 2023 - Stocks fell Thursday as investors grew increasingly concerned the Federal Reserve will keep raising rates despite signs of slowing inflation. Overall, overnight’s per…

Markets rally further following employment data: ASX closes 0.61% higher

19 Jan 2023 - The Chief Economist at Betashares, David Bassanese, stated that modest decline in recorded employment during December shows signs of the slowdown in labour demand. Ho…

Employment data boosts ASX to nine-month high: ASX up 0.24% at noon

19 Jan 2023 - Australia’s unemployment rate is unchanged from an upwardly revised 3.5 per cent in November. The news resulted in the S&P/ASX 200 reaching 0.24 per cent or 18 points…

US stocks get whacked following tense earnings reports and retail sales data

19 Jan 2023 - The Dow Jones Industrial average tumbled more than 600 points on Wednesday as investors took profits on some of the strong 2023 January gains and as a disappointing D…

Slow day of trading: ASX closes flat

18 Jan 2023 - The ASX finished slightly higher, after Information Technology’s near 2 per cent gain.

ASX mostly flat after more US earnings reports: Aus shares 0.02% lower at noon

18 Jan 2023 - Six out of eleven sectors are trading higher at noon, led by the efforts of Health Care, and Information Technology, whilst Materials lagged.

US stocks mixed amidst further earnings reports

18 Jan 2023 - The stock market was divided Tuesday as investors struggled to keep building on early 2023 momentum and weighed the latest earnings results. About 7% of the S&P 500 e…

Negative finish despite a rise in consumer sentiment: ASX closes 0.1% lower

17 Jan 2023 - The Westpac Melbourne Institute Consumer Sentiment Index has jumped from 80.3 in December, to 84.3 in January, the largest gain in more than two years.

Goldman Sachs bullish on commodities: Aus shares 0.06% higher at noon

17 Jan 2023 - The US stock market was closed overnight due to the public holiday of Martin Luther King.

European stocks benefit from the slowing price growth

17 Jan 2023 - Today's focus will be on the European markets, as the US was closed overnight due to the public holiday of Martin Luther King Day. European equity markets closed high…

ASX rallies while iron ore falls: Aus shares close 0.8% higher

16 Jan 2023 - Iron ore is about to record its biggest daily drop in almost three months. This follows news that Chinese authorities will tighten supervision of pricing, after iron …

ASX hits nine-month high: Aus shares up 0.8% at noon

16 Jan 2023 - At just past 11.30am, the ASX soared 1 per cent to its highest level since April. Since then, it has slightly settled down, however is still up 0.8 per cent at 7,389 …

US stocks rose on Friday as inflation is looking to cool in 2023

16 Jan 2023 - Stocks rose on Friday as investors digested bank earnings and bet inflation would ease in 2023. All of the major indexes fought their way into the green after beginni…

Fall in US consumer price index causes ASX to open higher: AUS shares up 0.94% at noon

13 Jan 2023 - All sectors, except for Consumer Staples, are up at noon, as the ASX responds to overnight news that December’s US consumer price report shows that inflation has fall…

US stocks rise after a fall in consumer price data

13 Jan 2023 - US stocks advanced Thursday after December’s consumer price report showed inflation cooled for the month, raising hopes the Federal Reserve can once again slow intere…

Mining stocks get a boost: ASX closes 1.2% higher

12 Jan 2023 - A large number of Australian mining companies are near all-time highs as China’s reopening boosts demand within the energy and materials sector.

ASX rallies on the back of expected US inflation data: Aus shares up 1.06% at noon

12 Jan 2023 - All sectors, except for Utilities, have opened higher today, ahead of tomorrow’s release of the US consumer price index data. Analysts are expecting the CPI data to c…

All US sectors rally ahead of optimistic CPI data

12 Jan 2023 - US stocks rose Wednesday as investors grew increasingly confident Thursday’s consumer price index will show cooling inflation and signal to the Federal Reserve that p…

Utilities the only sector trailing: ASX closes 0.9% higher

11 Jan 2023 - At the closing bell, the S&P/ASX 200 closed 0.9 per cent higher at 7,195.30. Real Estate, Materials, and Communication Services were the stars of the day, whilst Util…

Positive open despite higher-than-expected inflation data: ASX up 0.66% at noon

11 Jan 2023 - The data released shows that Australia’s monthly inflation data for November has reached 7.3 per cent, which is above the consensus forecasts and ANZ Bank’s forecast …

US stocks close higher as investors await inflation and earnings data

11 Jan 2023 - US stocks advanced last night as investors continued building on the new year’s early rally while awaiting economic data and corporate earnings coming later in the we…

ASX suffers first loss in four sessions: Aus shares close 0.32% lower

10 Jan 2023 - At the closing bell, the S&P/ASX 200 was 0.32 per cent or 23 points lower at 7,128.30. Only Communication Services and Consumer Discretionary were able to finish high…

Almost all sectors lower, despite signs of optimism in the US: ASX down 0.3% at noon

10 Jan 2023 - At noon, the S&P/ASX 200 is 0.32 per cent or 23 points lower at 7,128.40. This is due to the fact that the Federal Reserve dismantled any hope that Friday's jobs repo…

Tech stocks lift in hopes that inflation may be easing

10 Jan 2023 - Gains in technology helped the Nasdaq Composite skirt losses on Monday as traders added to bets that inflation may be easing. The Nasdaq was the only major index to e…

ASX hits fourth consecutive gain: Aus shares close 0.59% higher

09 Jan 2023 - Healthcare and Information Technology were the only sectors lagging in today's session, whilst Energy and Real Estate led the day.

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