Finance News Network

Market Reports

Unemployment rate hits 10-year low, Polynovo tumbles 9%: ASX closes 0.3% lower

15 Jul 2021 - The ASX faded in the afternoon to close 0.3% lower at 7,336 brushing off a record 10-year low unemployment rate of 4.9 per cent amid Covid-19 restrictions tightening …

Seven closes in Boral at 53%, Morgan cuts Boral rating: ASX trading flat at noon

15 Jul 2021 - The ASX has been choppy this morning following a wobbly session on Wall St as markets digested commentary from the Federal Reserve amid rising U.S. producer prices. A…

Wall St wobbles, inflation tug-of-war continues, APT's price target slashed: ASX to fall

15 Jul 2021 - Global markets took a step back to digest the state of affairs on inflation. U.S. shares closed mixed as the Federal Reserve chair testified before a House finance co…

Zip Co falls 11%, Spark jumps 7.8% before trading halt: ASX closes 0.3% higher

14 July 2021 - The ASX closed 0.3% or 23 points higher at 7,355 thanks to Utilities, Consumer Discretionary and Materials.

Humm dips on Westpac NZ deal, AfterPay and Zip tumble 8%: ASX trading 0.4% higher at noon

14 July 2021 - The Australian share market is in positive territory despite Wall St’s retreat on inflation fears.

Wall St retreats, NAB in talks to buy Citi's Aussie arm, Why Platinum is a hold: ASX to rise

14 Jul 2021 - Markets around the globe closed mixed as US earnings season kicked off. A surge in US consumer prices in June took economists by surprise on Wall St. NAB (ASX:NAB) co…

ASX fades, banks fall, Platinum tumbles 8%: Aus shares closes flat

13 July 2021 - The Australian share market faded in afternoon trade, wiping out most of its gains to close 0.2 per cent or 1 point lower at 7,332.

ASX lifts for 2nd day, Nearmap soars 15%: ASX trading 0.5% higher at noon

13 July 2021 - The Australian share market is in positive territory, with the majority of the sectors in the black.

Wall St hits new high ahead of earnings season, Why Challenger is a buy again: ASX to rise

13 Jul 2021 - Major global indexes started on a positive foot on Monday. US stocks edged higher ahead of earnings season. President Joe Biden calls for 80% of U.S. power to come fr…

Commodities & banks push forward: Aus shares close 0.8% higher

12 July 2021 - The ASX closed the day in positive territory thanks to heavyweight miners and banks pushing forward.

Mining giants lead, NRW Holdings up 9.1%: ASX trading 0.9% higher at noon

12 July 2021 - The Australian share market is in positive territory, rebounding off Friday’s decline after Wall St’s record highs. It is currently trading 0.9 per cent or 62 points…

Wall St post record highs, Why Rio Tinto is a buy: ASX to rise

12 Jul 2021 - In this report, I cover how global stocks staged a comeback on Friday as investors shrugged off concerns about the economic recovery. Market participants rushed to bu…

Tougher Sydney lockdown tumbles the ASX: Aus shares 0.5% lower over the week

09 July 2021 - The ASX finished the week in negative territory, tumbling to its worst session in nearly three weeks as a rise in the number of Covid-19 cases looms. At the closing …

Tech takes a U-turn to lead decline, BNPLs down over 5%: Aus shares 1.4% lower at noon

09 July 2021 - The Australian share market has sunk into negative territory this morning. The S&P/ASX 200 is 1.4 per cent or 102 points lower at 7239.40.

Wall St closes lower on growth worries, Why Michael Hill is a hold: ASX to fall

09 Jul 2021 - In this report, I cover why US and UK stocks swam in a sea of red sending bond yields to fall as banks and miners weigh. The ECB revises inflation target while Covid-…

Tech bulls lead again on fall in bond yields, Why Bega Cheese is a buy: ASX closes 0.2% higher

08 Jul 2021 - The ASX continued to climb for its 2nd straight day dancing 0.8 per cent higher at 7,382 intra-day early - its best performance in three weeks to close 0.2% or 14.5 p…

Miners and ZipCo leads, Why Wisetech's rating got a cut: ASX trading 0.4% higher at noon

08 Jul 2021 - The Australian sharemarket has continued to rise tracking 0.4% or 28 points higher at 7,355 at noon following Wall St’s advance. The SPI futures are pointing to a ris…

Tech powers up as Fed Reserve releases minutes: Sydney Airport's rating got a boost: ASX to rise

08 Jul 2021 - I cover Wall St's rise following the US Fed Reserve releasing June minutes which indicates a debate on when to taper their support. Bond yields tumbled and why it cou…

Technology powers ASX, Energy falls as oil price drops: Aus shares closes 0.9% higher

07 July 2021 - The Australian share market continued in positive territory this afternoon, closing 0.9 per cent or 65.10 points higher at 7,327.

Tech leads, Energy sags: ASX up 0.6% at noon

07 July 2021 - The Australian sharemarket has been in positive territory this morning, trading 0.6 per cent or 42.80 points higher at 7304.60.

Wall St rally takes a breather, Why Oil Search is a buy: ASX to edge lower

07 Jul 2021 - In this report, I cover Wall St's mixed performance, why Energy got a hit after OPEC's feud. UK fiscal's watchdog barks as FTSE fell, wrap-up of the local bourse foll…

Energy leads, RBA trims bond buying: ASX closes 0.7% lower

06 July 2021 - The Australian sharemarket dropped into negative territory this afternoon, closing 0.7% or 53.2 points lower at 7,262.

Westpac to sell NZ life business for $373m: ASX up 0.2% at noon

06 July 2021 - The Australian sharemarket has been in positive territory this morning, trading 0.16 per cent or 11.90 points higher at 7326.90.

European manufacturing soars to 15-year high, Why Monadelphous is bullish: ASX to rise

06 Jul 2021 - In this report, I cover European markets as Wall St is closed due to Independence Day. There is no data on the major US indexes as government bonds due to this. Stock…

Tabcorp drops 4% on demerger news: ASX closed 0.1% higher

05 July 2021 - The Australian share market closed flat at 0.09% or 6.40 points higher at 7,315. Industrials was the best-performing sector jumped 4.9% while Information Technology …

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