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Market Reports

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…

US earnings poised for downgrades as strong $US bites

26 Jul 2022 - The strong dollar has wiped billions of dollars off the second-quarter sales of US companies, prompting many to cut their guidance for the remainder of the year.

ASX flat on the day as it awaits further direction from the US

25 Jul 2022 - Australian shares have struggled for momentum as gains in miners on the back of firm commodity prices countered losses in technology and financial stocks.

ASX edges lower in lacklustre trading: Aus shares down 0.1% at noon

25 Jul 2022 - The focus remains on the Fed's hiking path, with a 75 basis point rate hike priced in for this week. However, weakening economic momentum and corporate hiring freeze …

NASDAQ momentum snaps: Massive week ahead

25 Jul 2022 - If you think the last couple of weeks have seen a lot of news and action in financial markets, then have we got a BIG week ahead for you. There’s a Federal Reserve ra…

Subdued end to the week: Aus shares close 0.04% lower

22 Jul 2022 - At the closing bell, the S&P/ASX 200 was 0.04 per cent or 2.80 points lower at 6791.50. However, over the week, it closed 2.74% or 1856 points higher.

ASX trading flat after erasing early morning weakness

22 Jul 2022 - Real estate shares led the recovery with a 1 per cent gain, while tech companies climbed 0.9 per cent and financials eased 0.6 per cent higher. Energy was the day’s l…

Softer $US drives tech stocks higher: ECB raises rates in Europe

22 Jul 2022 - US equities were higher in fairly choppy Thursday trading, finishing slightly off their best levels. The $US dollar declined following a surprise interest rate hike f…

Tech and lithium stocks lead the charge: Aus shares close 0.5% higher

21 Jul 2022 - The lithium and green metals sector was on fire today, after electric vehicle maker Tesla beat profit expectations and forecast annual sales growth around 50 per cent…

Little change in mixed trading: Aus shares 0.05% lower at noon

21 Jul 2022 - Australian lithium and nickel companies are trading higher after Tesla's positive earnings update and also after lithium leader Albemarle led the sector higher yester…

Tech stocks push markets higher: Tesla reports after market

21 Jul 2022 - Stocks rose on Wednesday, fueled by a rally in tech stocks, as all major averages reached their highest point since early June.

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