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Market Reports

Gold shares higher, retail investors chase EV, biotech sector gets a bid

05 Aug 2022 - Gold stocks are stronger across the board as the price of gold reaches one month highs as the $US weakens and geopolitical tensions rise with China & Taiwan. The annu…

Markets mixed ahead of Friday's jobs report: There's a new meme stock in the market

05 Aug 2022 - The Dow ticked down Thursday as traders awaited Friday’s July jobs report, which will give the latest snapshot on the labor market and the health of the economy. Ther…

ASX gives up a strong start to close flat on the day

04 Aug 2022 - ASX gives up a strong start to close flat on the day. Asia-Pacific shares traded higher on Thursday following the rally on Wall Street and as investors move on from t…

ASX rebounds, tech shares lead the charge: Aus shares up 0.3% at noon

04 Aug 2022 - The ASX is back in the green today following the rally on Wall street overnight. Asia-Pacific shares are also trading higher. Crude and base metals leading commodity …

Oil stocks rise despite falling oil price, Investors chase dividends: ASX to open higher

04 Aug 2022 - Despite the oil price being weaker, oil stocks are rising, with oil producers returning the majority of their free cash flow to shareholders via dividends and share b…

ASX six-day rally comes to an end: Aus shares close 0.3% lower

03 Aug 2022 - Asian equities are mostly higher Wednesday as geopolitical risks over Taiwan are somewhat fading. Taiwan is edging higher after China's response to Pelosi visit was n…

ASX lower on Taiwanese tension: Aus shares down 0.4% at noon

03 Aug 2022 - Asian equities are trading mostly higher Wednesday. Mainland China and Hong Kong opened firmer, joining Japan and South Korea. Taiwan is slightly weaker with concerns…

Pelosi Taiwan visit adds new risk to equity markets: Inflation still on the agenda

03 Aug 2022 - US House of Representatives Speaker Nancy Pelosi arrived in Taiwan on Tuesday, becoming the highest-ranked American official to visit the self-ruled island that is cl…

ASX reverses early weakness: Aus shares close 0.07% higher

02 Aug 2022 - The ASX posted its sixth straight gain on Tuesday. Stocks opened weaker following a small pull back in US markets overnight, but they managed to claw back into positi…

ASX heads lower in morning trading as traders await RBA hike: Aus shares down 0.4% at noon

02 Aug 2022 - In the US, stocks fell on Monday as trading opened in August, with some investors questioning whether the recent rally has further to run following the best month sin…

Gold price finding support: All eyes on RBA rate decision today

02 Aug 2022 - US equities fell on Monday as trading opened in August, with some investors questioning whether the recent rally has further to run following the best month since 202…

ASX posts fifth straight gain: Aus shares close 0.7% higher

01 Aug 2022 - Goldman Sachs sees a 25% probability of Australia entering recession over the 12 months. There are downside risks from weaker global activity, inflation and tighter f…

Starting the week on a positive note: Aus shares 0.4% higher at noon

01 Aug 2022 - The latest batch of corporate results has been mixed -- particularly in the retail sector. It’s becoming clear that retailers badly misjudged supply and demand. Part …

US stocks climb on the back of tech earnings: Dow Jones heading out of a bear market

01 Aug 2022 - Stocks climbed for a third consecutive session on Friday as investors digested strong tech earnings and looked past concerns about high inflation and a recessionary e…

ASX rallies to seven-week high, posting fourth straight gain for the week: Aus shares close up 0.8%

29 Jul 2022 - The Australian stock market closed higher once again on Friday, extending the gains of the previous three sessions, following broadly positive cues from US markets ov…

ASX surges higher in broad-based rally: Aus shares up 0.8% at noon

29 Jul 2022 - The Australian opened significantly higher on Friday, extending gains from the previous three sessions, following positive cues from US markets overnight. On the data…

Fears of US recession drives mixed earnings results

29 Jul 2022 - US equities rallied Thursday for the second day in a row even after the latest GDP showed a second-straight contraction, as investors bet the economic downturn would …

ASX climbs higher for the third day in a row: Aus shares close up 0.97%

28 Jul 2022 - The Australian stock market closed significantly higher on Thursday, extending the gains of the previous two sessions, following broadly positive cues from global mar…

ASX in the green but off from early morning highs: Aus shares 0.3% higher at noon

28 Jul 2022 - The BNPL later sector today has continued an extraordinary bounce as the sector surges higher albeit from very depressed levels -- with very little stock-specific new…

US tech stocks set the tone: US senate passes $280b semiconductor bill

28 Jul 2022 - US equities were sharply higher in Wednesday trading with support from better than feared big tech earnings and clarity around interest rates after the Fed’s 75 bps r…

BNPL sector on fire: Aus shares close 0.23% higher

27 Jul 2022 - Australian Q2 headline inflation came in at 1.8% q/q, below consensus of 1.9% and Q1's 2.1%. Inflation also missed on a y/y basis, coming in at 6.1% vs consensus of 6…

Edging lower after flat opening: Aus shares down 0.03% at noon

27 Jul 2022 - June quarter inflation shows 6.1pc increase over the past year, the highest level since 2001. The impacts of an energy price spike, supply chain bottlenecks and workf…

US retail stocks battered as rate hikes hit consumers

27 Jul 2022 - US stocks fell Tuesday after Walmart cut its earnings forecast, sending other retail shares lower and adding to concern that consumer spending might not be strong eno…

Energy, miners and BNPL shares lead the way: Aus shares close 0.3% higher

26 Jul 2022 - The S&P/ASX 200 closed marginally higher on Tuesday in a reasonably quiet trading session as investors prepare themselves for the busiest week of corporate earnings i…

ASX in a holding pattern: Aus shares 0.2% higher at noon

26 Jul 2022 - The S&P/ASX 200 traded flat by midday in Sydney as traders prepared themselves for the busiest week of corporate earnings in the US, Thursday’s Federal Reserve meetin…

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