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Market Reports

ASX closes 1.1% lower: Consumer Discretionary plummets 2.6%

09 May 2024 - Investor concerns over rising living costs and their potential impact on retail sales and bank lending drove accelerated selling in Australian shares, leading to a 1.…

ASX down 0.75% near noon: CBA records decrease in quarterly profit

09 May 2024 - Australian shares opened lower by 0.4% due to Commonwealth Bank's decreased quarterly profit, leading to selling pressure on financial stocks, while multiple retailer…

US markets trade sideways as earnings season winds down

09 May 2024 - Markets traded close to flat on lighter newsflow as reporting season now nears its end. The Dow Jones was the only one of the major indexes to finish in the green and…

Property up, mining down: ASX closes 0.14% higher

08 May 2024 - On Wednesday, gains in the tech and property sectors were counterbalanced by declines in the mining sector, following a 1.4 per cent increase in shares on Tuesday, pr…

ASX up 0.06% near noon: Best performing sector is Industrials

08 May 2024 - Australian shares continued their upward trend, gaining 0.3% at the opening following the Reserve Bank's decision to maintain interest rates and emphasise data depend…

US markets finish mixed as momentum slows

08 May 2024 - US markets traded mostly sideways as the major indexes finished mixed on a day where investors continued to debate the Fed ‘s next rate moves and timing.

ASX lifts 1.4%: All sectors finish in green

07 May 2024 - The Australian sharemarket surged by 1.4 percent following the Reserve Bank of Australia's decision to maintain the cash rate, resulting in gains across all 11 sector…

ASX up 0.37% near noon: All eyes await RBA decision

07 May 2024 - The Australian sharemarket opened higher, mirroring a surge in New York driven by anticipation of potential interest rate cuts by the Federal Reserve.

US markets continue positive momentum to start the week

07 May 2024 - A solid earnings season and rising confidence in the Fed’s rates policy saw markets continue their advance to start the week well into positive territory.

ASX grows 0.7%: Real Estate leads sectors ahead of RBA decision

06 May 2024 - The Australian sharemarket saw a 0.7% increase in the benchmark S&P/ASX 200 Index on Monday, primarily driven by gains in interest rate sensitive sectors such as real…

ASX up 0.54% near noon: All eyes await RBA decision

06 May 2024 - The Australian sharemarket surged at opening due to a weaker-than-expected US jobs report, suggesting potential interest rate cuts in the US. At 11:30am, the S&P/ASX …

Softer jobs data boosts US markets

06 May 2024 - US equity markets rallied strongly on Friday following softer-than-expected April jobs numbers. The report took some pressure off the Fed after recent hotter than exp…

ASX up 0.53% near noon: Consumer Discretionary leads sectors

03 May 2024 - The Australian sharemarket began on a positive note amidst concerns of prolonged higher interest rates, with Apple's stock surging over 7% in after-hours trading and …

Robust earnings results drive US markets higher

03 May 2024 - Strong earnings and softer treasury yields ease investor concerns further, as Megacap Tech stocks lead markets higher.

ASX closes 0.23% higher: Woolies tumbles 4.2%

02 May 2024 - At the closing bell, the S&P/ASX 200 was 0.23 per cent higher at 7,587, led by gains in the financial sector, as National Australia Bank exceeded analysts' expectatio…

ASX up 0.32% despite concerns of prolonged interest rates in the US

02 May 2024 - Australian shares showed resilience, edging higher on Thursday morning despite concerns about prolonged higher interest rates, with the S&P/ASX 200 up 0.2%.

US markets mixed as Fed opts to hold rates steady

02 May 2024 - US equities traded mixed for most of the session after Federal Reserve Chair Jerome Powell commented that the next move is unlikely to be a hike, easing investor conc…

ASX drops 1.2% as US labour data came in hotter than expected

01 May 2024 - On Wednesday, the Australian sharemarket experienced a decline, with the benchmark S&P/ASX 200 Index dropping by 1.2 per cent, or 94.2 points, to 7569.9 points at the…

ASX falls 1.14% as tech sector drops

01 May 2024 - Australian shares experienced a significant decline following a surge in US labour data, heightening worries about prolonged high interest rates due to persistent inf…

Hot wages data weighs on US markets; Amazon profit more than triples

01 May 2024 - US stocks tumbled overnight to close out a losing month after higher-than-expected wage data raised new inflation concerns ahead of the Federal Reserve’s rate decisio…

ASX closes 0.4% higher: Lithium miners rally

30 Apr 2024 - Australian shares closed higher on Tuesday, with the S&P/ASX 200 advancing 0.4% to 7664.1 points, supported by gains in lithium miners, while investors exercised caut…

ASX up 0.21% near noon: Australian retail sales decline 0.4% in March

30 Apr 2024 - Australian retail sales unexpectedly declined by 0.4% in March, influenced by high interest rates impacting consumer spending, according to data from the Australian B…

Tesla & corporate earnings continue to underpin US markets

30 Apr 2024 - US markets continued to rise underpinned by strong earnings numbers. Results from the reporting season so far have seen over 80 per cent of US companies beating expec…

ASX closes 0.8% higher: All sectors in the green

29 Apr 2024 - Australia's stock market rebounded on Monday, recovering from a previous decline, amid uncertainty surrounding interest rates in both Australia and the US.

ASX up 0.5% near noon: REITs are best performers

29 Apr 2024 - The Australian sharemarket surged at the opening bell, buoyed by a robust performance on Wall Street, with the S&P/ASX 200 rising 0.7% to 7632 within the first 10 min…

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