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Market Reports

ASX dips 0.05%: Mining stocks lift

22 May 2024 - Shares on the S&P/ASX 200 dipped 0.05%, primarily driven by a decline in retail and consumer stocks despite gains in the mining sector.

ASX 0.22% higher near noon: Iron ore miners lift

22 May 2024 - Australian shares opened slightly higher, with a 0.2% increase driven by gains in the tech sector, although Telstra experienced a 4% decline due to announced job cuts…

Nasdaq & S&P 500 set new record closes

22 May 2024 - In Tuesday's trading session, US equities saw marginal gains, with investors closely monitoring Nvidia's upcoming quarterly earnings and guidance. However, the Dow fa…

ASX drops 0.2% nearing previous record close

21 May 2024 - Australian shares closed slightly lower on Tuesday as declines in James Hardie and Sonic Healthcare offset gains in the tech sector following a Nasdaq high. The S&P/A…

ASX down 0.2% near noon: RBA considers lifting cash rate in May

21 May 2024 - The Reserve Bank's May policy meeting minutes indicated that while raising the cash rate was considered if forecasts risked optimism regarding inflation factors, stro…

Nvidia rally pushes Nasdaq to new record

21 May 2024 - Nvidia shares rallied strongly in Monday trading ahead of its quarterly earnings result due out on Wednesday, leading the Nasdaq to a new record close.

ASX nears record close

20 May 2024 - Australian shares are inching closer to a record close, with the ASX moving within 35 points of its all-time high.

ASX up 0.54% near noon: Copper surges to new high

20 May 2024 - Copper has surged to a new high, driven by financial investors anticipating a supply shortage, with futures on the London Metal Exchange reaching $US10,848 a ton, ref…

Dow closes above 40,000 for the first time

20 May 2024 - The Dow Jones closed above 40,000 level for the first time in history on Friday, a day after hitting that key benchmark in the previous trading session.

ASX down 0.42% near noon: Oil prices stabilise

17 May 2024 - Oil prices remained relatively stable throughout the week, with Brent trading slightly above $83 a barrel and West Texas Intermediate below $80, as the market focused…

Dow pushes through 40,000 for first time in intraday trading

17 May 2024 - The Dow Jones surged above the 40,000 level for the first time ever in intraday trading before settling below the record level by the close. Optimism about the inflat…

ASX rallies 1.7%: Potential interest rate cuts loom

16 May 2024 - On Thursday, Australian shares experienced a significant surge, edging tantalizingly close to their all-time high, buoyed by market speculation surrounding potential …

ASX up 1.67% near noon: Australian employment rises by 38,500 in April

16 May 2024 - Australian employment rose by 38,500 in April, with the unemployment rate climbing to 4.1%, up from the previous month's 3.9%.

Softer CPI data pushes US equities to new highs

16 May 2024 - A weaker than expected CPI print and flat April retail sales numbers pushed all three major averages to record highs.

ASX climbs 0.4% driven by gains in mining sector

15 May 2024 - The Australian sharemarket rallied on Wednesday, with the S&P/ASX 200 Index climbing 0.4% to 7753.7 and the All Ordinaries rising 0.3%, driven by gains in the mining …

ASX up 0.53% near noon: Wage growth decelerates in Australia

15 May 2024 - Wage growth in Australia decelerated to 0.8% in the first quarter, falling short of analysts' expectations of 0.9%.

Nasdaq hits new high as BigTech stocks rally

15 May 2024 - Big Tech led the move up as investors chose to look past a higher April PPI number and ahead to the CPI print due tomorrow US time.

ASX falls 0.3% as investors wait details from the federal budget

14 May 2024 - Australian shares declined on Tuesday as investors awaited details from the federal budget and awaited key inflation data from the US.

ASX down 0.27% near noon: Interest rate sensitive stocks decline

14 May 2024 - Australian shares opened slightly lower as investors awaited the federal budget and US inflation data, mirroring subdued Wall Street performance. At 11:30am, the S&P/…

US markets remain cautious ahead of economic data

14 May 2024 - Investors remained cautious ahead of the release of producer price data late Tuesday and consumer price data late Wednesday. Both data points are seen as critical to …

ASX closes one point higher ahead of federal budget

13 May 2024 - On Monday, the sharemarket closed with minimal change as gains in consumer stocks counterbalanced losses in energy, setting a cautious tone ahead of the federal budge…

ASX down 0.17% near noon: Investors await federal budget

13 May 2024 - The Australian sharemarket edged downwards, primarily driven by losses in financials, anticipating a federal budget presentation by Treasurer Jim Chalmers from the La…

US consumer sentiment data tempers investor enthusiasm

13 May 2024 - US consumer sentiment data released on Friday kept a lid on consumer enthusiasm as the data suggested inflation remains a key concern for consumers.

ASX up 0.5% near noon following expectations of rate cuts in US

10 May 2024 - On Friday, Australian shares opened higher, mirroring a positive trend on Wall Street fueled by reinforced expectations of interest rate cuts in the US.

Softer jobless claims push US stocks higher

10 May 2024 - US markets rallied on Thursday following a rise in jobless claims that rekindled investor hopes that the Fed will cut rates in the second half of this year.

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