Finance News Network

Market Reports

ASX unable to recover from mornings inflation data: Aus shares close 0.3% lower

25 Jan 2023 - The Australian Treasurer, Jim Chalmers, held a press conference addressing the "unacceptably high" inflation figures released today. He acknowledged the high figures,…

Sharemarket tumbles after new inflation data: ASX down 0.3% at noon

25 Jan 2023 - Australian inflation has grown at a rate of 7.8% in the December quarter, which is higher than expected. This has reinforced the case for the Reserve Bank to lift the…

Microsoft rallies after market as US trading opens with a 'flash crash'

25 Jan 2023 - A mini ‘flash crash’ greeted traders on the opening as trading in dozens of blue-chip stocks from ExxonMobil to McDonald’s and Mastercard was briefly halted on Tuesda…

Chinese interest in Aus coal resurges: ASX closes 0.44% higher

24 Jan 2023 - Multiple Chinese companies are seeking to purchase coal mined in Queensland, Australia, according to Coronado Global Resources. This adds credibility to the expectati…

NAB predicts peak in interest rates is near: ASX up 0.1% at noon

24 Jan 2023 - NAB's monthly business survey shows that the economy is beginning to slow and that inflation passed its peak as of December, reinforcing market expectations that a pe…

Tech stocks stronger as Microsoft makes big bet on AI

24 Jan 2023 - Stocks rose Monday as investors contemplated a potential slowdown in rate hikes from the Federal Reserve and braced for a busy week of earnings.

ASX closes 0.07% higher despite worrying food inflation data

23 Jan 2023 - Reports from UBS show that food prices at Australia’s largest supermarket chains, Coles and Woolworths, jumped by 9.2 per cent in the December quarter, up from 8.2 pe…

ASX shakes off mornings gains: Aus shares down 0.15% at noon

dd Mmm 2023 - The ASX hit a fresh nine-month high this morning, after earnings from US tech companies helped lead US markets to big gains. However, since then, the ASX has fallen. …

US stocks finish higher after positive tech results

23 Jan 2023 - Stocks rallied on Friday to finish the week strong after briefly losing the momentum of the January rally. In Europe economic upgrades are boosting sentiment thanks …

Aus shares open stronger despite dismal performance on Wall Street: ASX up 0.26% at noon

20 Jan 2023 - The ASX is up at noon, largely based on heavy gains from Energy, up by over 1.5% at lunch.

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…

Prior Page Next Page