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Market Reports

Outsized interest rate hike spooks ASX, closes 1.5% lower

07 Jun 2022 - The cost of living is set to rise after the Reserve Bank of Australia raised the cash rate by 50 basis points versus the expected 40, sending the ASX 200 to a 3-week…

ASX falls ahead of RBA rate outcome led by tech, down 0.8% at noon

07 Jun 2022 - The Australian sharemarket continues to fall ahead of the Reserve Bank of Australia’s interest rate outcome at 2.30pm AEST. The central bank is expected to deliver ba…

Nasdaq gains, QBE, Bubs, CSL, Whitehaven Coal, IGO on watch: ASX to open flat

07 Jun 2022 - Cautious rally on Wall St after investors initially piled back into stocks on optimism that Covid-19 restrictions continue to ease in China. What stocks to watch toda…

Energy leads while tech weighs, Tabcorp jumps, Magellan tumbles: ASX closes 0.5% lower

06 Jun 2022 - The ASX remained in the red for the afternoon session following a weak lead from Wall Street. The Reserve Bank of Australia is set to meet tomorrow, which means inves…

Tech lags on growth fears, energy rally continues: ASX falls 0.5% at noon

06 Jun 2022 - The Australian sharemarket has retreated this morning after three weeks of gains ahead of the Reserve Bank of Australia policy meeting tomorrow.

Leading US CEOs see a recession despite positive economic data: ASX 200 additions & removals

06 Jun 2022 - While some leading CEO’s are sounding the alarm on a recession, the actual economic data is yet to confirm this scenario. With US employment data pointing to a super …

Aus shares post third week of gains: ASX closes 0.9% higher as materials rally

03 Jun 2022 - The ASX closed higher for a third straight week after advancing on Friday’s session, which offset yesterday's fall. At the closing bell, the ASX 200 was 0.9% or 63 po…

Coal, lithium miners extend rally, Healius hit hard, CapVest drops Virtus deal: ASX up 0.7% at noon

03 Jun 2022 - The Australian sharemarket jumped at the open, almost recovering all of yesterday’s losses in a broad-based rally. If the momentum continues, the ASX 200 is on track …

Nasdaq soars, Why a strong USD weighs on Microsoft, Calix, Crown, Macquarie on watch: ASX to jump

03 Jun 2022 - Wall St jumps as recession fears cool for now. Oil prices fell after Saudi Arabia flagged that they would hike output to make up the shortfall due to the EU's ban on …

Tech blues, interest rate concerns weigh: ASX closes 0.8% lower

02 Jun 2022 - The Australian sharemarket closed at session lows, nearly wiping off all this week's gains. Investors continued to sell out of treasuries, and equities on expectation…

BHP slips on ratings cut, Woodside jumps, Bubs & Australian Dairy soars: ASX falls 0.9% at noon

02 Jun 2022 - Women in leadership took the spotlight after news of several executive leadership changes. Despite the ASX 200 falling to a four-day low, the spark of energy shares a…

Wall St slips, Wesfarmers, North Stawell Minerals, Bubs Australia on watch: ASX to fall

02 Jun 2022 - Wall St turns lower on mixed economic data and commentary from JP Morgan CEO. Stronger-than-expected ISM manufacturing data fuels expectations of aggressive interest …

Fortescue leads while lithium miners tumble: ASX closes 0.3% higher

01 June 2022 - The ASX held on to its gains in the afternoon session despite a big drop in lithium miners. Communication services led the pack, up nearly 2 per cent, followed by fi…

Australian economy grows 0.8%, Origin Energy tumbles: ASX up 0.2% at noon

01 Jun 2022 -The ASX is pushing higher this morning after Wall Street fell overnight amid inflation and recession fears across the globe. Most sectors are showing gains, with the e…

Oil price could add to inflationary worries: record inflation numbers in Europe

01 Jun 2022 - Inflationary pressure remain rampant across the globe as markets struggle to bounce off bear market lows, with a rising oil price a potential complication to consumer…

Late selloff hit stocks on renewed recession fears, hawkish Fed, Russian oil ban: ASX closes off 1%

31 May 2022 - The Australian sharemarket closed at session lows, snapping its two-day winning streak as concerns mounted on hawkish comments from the Fed and whether the central ba…

Tech blues weigh on miner's rally: ASX retreats 0.3% at noon

31 May 2022 - The Australian sharemarket takes a breather after two days of gains as resources stocks help offset the fall. The improvement in mobility in the world’s second larges…

Equities trim gains on hot inflation, Crown, A2 Milk, Toys"R"Us ANZ on watch: ASX to edge lower

31 May 2022 - US stocks and bond markets were closed for Memorial Day holiday. Hot German inflation trims US futures after it rose which cast a shadow over optimism on lockdowns ea…

Coal miners fall, Dip buyers snap up beaten tech: ASX taps 3-week high to close up 1.5%

30 May 2022 - The ASX 200 rose for a second successive day led by technology, materials and bank shares. At the closing bell, the index was 1.5% or 104 points higher at 7,287, its …

A2 Milk and Bubs jump, AGL scraps demerger, Tech bulls lead ASX up 0.9% at noon

30 May 2022 - Australian shares jumped to a 3-week high after a strong lead from Wall St. Every sector is rallying, bar utilities after AGL news. The optimism is led by technology …

All eyes on the US consumer and retail sector: Bubs Australia sells baby formula to US government

30 May 2022 - The US consumer is proving to be resilient in the face of higher inflation with a Bank of America report suggesting that negative earnings reports in the retail secto…

Aus shares post second week of gains: ASX closes 1.1% higher in broad rally

27 May 2022 - Australian shares had their best day this week buoyed by resources and travel stocks while news in the M&A space also got some attention. Wall Street provided a solid…

Appen's appeal falls as Telus drops deal, Travel stocks continue to fly: ASX up 0.9% at noon

27 May 2022 - Travel stocks are stronger for a second straight day as Australian shares rally on the back of a strong lead from Wall St. A batch of upbeat earnings reports with sev…

Wall St gains, Goldman rates Westpac, Appen, Yancoal, Adore Beauty on watch: ASX to jump

27 May 2022 - Wall St advances for a 2nd day on better than expected outlook, putting the bears to sleep. Goldman Sachs has reaffirmed its neutral rating on Westpac Banking Corp. A…

Appen's $1.2b offer sparks tech shares, Qantas takes-off: ASX closes 0.7% lower

26 May 2022 - Grocery giants were unpopular today, pushing the consumer staples sector lower as miners fell on underwhelming news about China’s economy. Australian shares had their…

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