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Tech giants fail to deliver on earnings: Biotechs finding support

27 Oct 2022 - The Nasdaq and S&P 500 slid Wednesday as traders assessed disappointing earnings from tech giants Microsoft and Alphabet. The swings in the major indexes reflect a “t…

Market unfazed by CPI data: ASX finishes 0.18% higher

26 Oct 2022 - CPI data from the September quarter has sharply exceeded estimates. As such, multiple banks have made predictions for the next rate rise.

Australian headline inflation hits highest in 32 years: ASX up 0.12% at noon

26 Oct 2022 - The S&P/ASX 200 posted gains this morning as sentiment from Wall Street overnight improved over the Fed potentially turning less aggressive, combined with a decline i…

Falling yields, slowing economic data and earnings supporting US markets

26 Oct 2022 - Stocks rose for another session Tuesday, a decline in yields contributed to the latest gain and new data for further clues into the health of the U.S. economy. It app…

Energy and Materials only sectors left lagging: ASX closes 0.28% higher

25 Oct 2022 - In today’s events, independent commission agency ASIC has launched legal action against BPS Financial, the company behind Gold Coast-based digital currency Qoin, clai…

Optimism out of the US boosts sentiment: ASX up 0.6% at noon

25 Oct 2022 - Positive gains in the local market have extended into a second day as optimism out of the US about corporate earnings ahead of several key tech reports boosted sentim…

Chinese stocks hammered across the globe

25 Oct 2022 - Behind the US market strength overnight, the real news in the markets this week was the Hong Kong market where shares faced a wave of selling after the conclusion of …

IT and Materials lead the way: ASX finishes 1.54% higher

24 Oct 2022 - All sectors finished in the green to start the week, with some big results from Australian electric vehicle companies. The ASX companies that were amongst the list of…

Monday morning rally: ASX up 1.73% at lunch

24 Oct 2022 - The Australian market is enjoying a solid start to the trading week after US equities snapped their two-day losing streak and posted solid gains on more strong corpor…

Markets rally as earnings seasons kicks off in the US

24 Oct 2022 - Stocks climbed on Friday as Wall Street closed a volatile week on a high note despite some disappointing earnings reports. The move comes ahead of two big weeks of ce…

Grim start to last trading day for the week: ASX down 0.8%

21 Oct 2022 - Energy and Information Technology are the only sectors up at noon, as the ASX looks to close out a pretty moderate week. The energy sector got a boost from Whitehaven…

Retail investors switching to cash: Tesla under pressure

21 Oct 2022 - Stocks fell in choppy trading on Thursday as investors weighed several key earnings reports and kept an eye on the bond market, where Treasury yields continue to clim…

Two-day winning streak over: ASX closes down 1.02%

20 Oct 2022 - Local markets halted a two-day winning streak today and not even the energy sector could lift the S&P/ASX 200, which closed 1.02 per cent or 69.40 points lower at 6,7…

Jobs data misses predictions: Aus shares 1% lower at noon

20 Oct 2022 - The two-day rally for US equities came to an abrupt end and bond yields soared as hawkish comments from Fed officials and another round of strong earnings reports rai…

Biden awards US$2.8b for EV battery production: Novonix (ASX:NVX) allocated US$150m

20 Oct 2022 - Stocks moved lower on Wednesday as Wall Street struggled to extend its rally, amid a sharp rise in Treasury yields. The big news overnight was the awarding of US$2.8b…

More quarterlies released: ASX finishes marginally in the green for a second straight day

19 Oct 2022 - The ASX closed the day slightly higher as more companies are starting to release their quarterly reports. Overall, at the closing bell, the S&P/ASX 200 was 0.31 per c…

ASX pushes higher for second straight day: Aus shares up 0.37% at lunch

19 Oct 2022 - The local market is marginally higher this morning, with Materials and Energy dragging down the benchmark, and all other sectors in the green. At noon, the S&P/ASX 20…

US earnings giving markets confidence: Nasdaq futures +2% post Netflix results

19 Oct 2022 - US equities finished higher in Tuesday trading, with major indices fading off early strength before firming into a choppier afternoon. The optimism comes after 3Q and…

Energy only sector lagging: ASX closes 1.72% higher

18 Oct 2022 - The ASX has continued rising since lunchtime. At the closing bell, the S&P/ASX 200 was 1.72 per cent or 114.80 points higher at 6779.20.

Local market erases yesterday's losses: ASX up 1.39% at lunch

18 Oct 2022 - Strong bank earnings overnight helped to boost US markets and have lifted the local market in early trade. At noon, the S&P/ASX 200 is 1.39 per cent or 92.60 points h…

Markets rally on US corporate earnings: UK government changes course on tax cuts

18 Oct 2022 - US equities finished sharply higher in Monday trading, ending near best levels and more than erasing Friday's slide. Across the sectors, bank earnings continued to hi…

Red start to week: ASX closes 1.4% lower

17 Oct 2022 - At the closing bell, the S&P/ASX 200 was 1.40 per cent or 94.40 points lower at 6664.40. All sectors closed in the red. Iron ore futures prices have fallen to their l…

Global recession fears weigh in: ASX down 1.6% at noon

17 Oct 2022 - US stocks closed the previous week lower after a University of Michigan survey showed inflation expectations were increasing. This rattled markets as equities sold of…

Inflation data too strong for equity markets to maintain any momentum

17 Oct 2022 - Stocks slumped Friday, capping off a volatile week of trading, a day after posting a historic turnaround rally. Early gains were erased following the Michigan consume…

After a wild night of US trading, all ASX sectors are in the green at noon

14 Oct 2022 - Overnight, US inflation hit a 40-year high, solidifying a huge rise in another interest rate hike. However, surprisingly, the markets rallied to recover the losses. I…

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