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ASX charges higher led by tech and miners: Aus shares close up 1.7%

20 Jul 2022 - The Australian sharemarket surged higher today, posting its biggest single-day gain in over three weeks. The S&P/ASX 200 was a sea of green with just a few companies …

Wall Street rally drives ASX higher, led by tech and financials: Aus shares up 1.7% at noon

20 Jul 2022 - Australian shares shot up 1.66% in morning trading, hitting a fresh three-week high, led by tech and financials. This followed a rally in US stocks overnight, driven …

Solid earnings and weaker $US fuel market rally: Lithium stocks leading the charge

20 Jul 2022 - US equities were sharply higher in Tuesday trading, ending near session high, as traders bet on strong corporate earnings reports and wagered that markets have found …

Tech losses outweigh gains in the energy sector: ASX drops 0.6%

19 Jul 2022 - The ASX closed lower in Tuesday trading trading following a slide on Wall Street overnight. The local market was volatile as declines in healthcare, technology, resou…

ASX trading lower, energy stocks surge as tech weighs

19 Jul 2022 - The ASX is trading lower this morning with most sectors lower led by tech, down 1.39 per cent. The best-performing sector is Energy, up 2.87 per cent.

US bank earnings point to no clear signs of recession: ASX to open flat

19 Jul 2022 - US equities were lower in Monday trading ending just off their worst levels after giving up morning strength and extending last week's gains. The market appears to be…

Positive start to week: Aus shares close 1.2% higher

18 Jul 2022 - Positive start to week: Aus shares close 1.2% higher. Information technology, materials and energy were the best-performing sectors.

ANZ off chasing the SUN: Aus shares 0.5% higher at noon

18 Jul 2022 - ANZ off chasing the SUN: Aus shares 0.5% higher at noon. Most sectors are in the black, with only Healthcare and Consumer Staples trailing behind.

Surging US dollar pushes risk into emerging markets: ASX set to rise

18 Jul 2022 - Continued US dollar strength could complicate the outlook for the economy and markets. Multiplying country cases of economic and financial instability can merge into …

China scares commodity investors: ASX closes 1.1% lower over the week

15 Jul 2022 - Australian stocks snapped a 3-day winning streak as a fall in the heavyweight miners offset gains from the defensive sectors. The materials sector tumbled for its 6th…

ASX snaps 3-day winning streak, miners weigh: Aus shares tumble 1.3% at noon

15 Jul 2022 - China’s soft economic growth in the 3-months ending in June missed consensus as rolling Covid-19 lockdowns weighed on the economy. Demand slowdown has pushed prices o…

Investment banks kick off US earnings season, Ford signs EV battery deal

15 Jul 2022 - The results from bank stocks raised further concerns that earnings estimates have perhaps risen too much in recent months. It now appears the market is finally concer…

Resources-led rally lifts ASX higher for 3rd day, closes up by 0.4%

14 Jul 2022 - Australian shares lifted for a 3rd straight day, propped up by resources stocks and the power from technology firms.

Lowest jobless rate since 1974, Resources sector rebounds: ASX up 0.3% at noon

14 Jul 2022 - Australia’s workforce continues to grow after employers added more jobs than economists expected in June, sending the unemployment rate to the lowest in 50 years.

Markets factor in record inflation data, All eyes on the oil price

14 Jul 2022 - The inflation data was pretty much factored into market prices, hence such a moot reaction by markets overnight, with Wednesday’s hot CPI reading also prompting quest…

Looming US inflation makes traders cautious, Crude price stabilises: ASX closes 0.2% higher

13 Jul 2022 - Australian shares lacked conviction as investors remained cautious ahead of the US inflation data. The index remained in a holding pattern as it jumped above and belo…

M&A in spotlight, ANZ in talks to buy MYOB, Regional Express eyes Cobham: ASX down 0.2% at noon

13 Jul 2022 - Australian stocks have lacked conviction today, shuffling above and below the flat line as investors weigh up the prospect of an aggressive rate hiking path to combat…

Fund flows focus on China: ASX to open flat

13 Jul 2022 - Last month, more than $6 billion flowed into the 30 largest international mutual funds that focus on Chinese equities -- the highest level since at least early 2021 -…

Recession fears weigh ahead of looming US inflation print: ASX closes 0.1% higher

12 Jul 2022 - The rally was short-lived on the Australian sharemarket as investors eyed the start of the local earnings season while business and consumer sentiment results painted…

Zip jumps 4% after abandoning merger with Sezzle: ASX up 0.3% at noon

12 Jul 2022 - Healthcare stocks are lifting the Australian sharemarket, overshadowing the weakness in the materials and information technology sectors. Investors have eyed the star…

US markets weaker, Hedge funds target ASX lithium companies

12 Jul 2022 - Watch out for the continued short-selling attack on lithium companies like Lake Resources (ASX:LKE) and Core Lithium (ASX:CXO), with J Capital issuing its latest shor…

Defensive play emerges on renewed recession fears: ASX closes 1.1 lower

11 Jul 2022 - Investors turned defensive after recession fears emerged amid rising Covid cases in China. This comes ahead of a big week of economic news and input data that could r…

Energy surge can't chase away ASX blues, down 0.5% at noon

11 Jul 2022 - The fall in materials and information tech led the retreat on the Australian sharemarket as gains in energy and financial stocks weren’t enough to offset the decline.

All eyes on US earnings season this week, Musk walks from Twitter bid

11 Jul 2022 - With earnings season about to begin, the stock market could finally get its moment of truth. The S&P 500, after all, has dropped 18 per cent in 2022 and is mired in a…

ASX posts best week since March, up 2.1%

08 Jul 2022 - The ASX had its best week since mid-March as recession fears eased. Friday’s session was spent in positive territory thanks to strong gains in the resources space.

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