Finance News Network

Market Reports

ASX closes 1.8% lower to its largest one-day drop since March the previous year

16 Apr 2024 - Australian shares experienced significant losses on Tuesday, following a decline on Wall Street fueled by strong US retail sales data, dampening expectations of inter…

ASX falls 1.26% at near noon: All sectors in red

16 Apr 2024 - Australian shares declined sharply following stronger-than-expected US retail sales data, dampening hopes for interest rate cuts and triggering a 1.26 per cent drop t…

Strong retail sales & rising yields spook investors

16 Apr 2024 - Stocks erased early gains to finish well in the red after much stronger than expected retail sales cast further uncertainty around the likelihood and timing of rate c…

Geopolitical & inflation concerns drag local markets lower

15 Apr 2024 - Interest rate sensitive Technology & IT stocks were the key drag on the local market as we approach midday. The IT sector was trading down close to 2%.

Geopolitical concerns weigh heavily on US markets

15 Apr 2024 - Concerns have risen after the Iranian retaliation against Israel and weaker than expected bank earnings overshadowed US markets on Friday.

ASX down 0.27% near noon: US Fed Reserve officials suggest patience in fight against inflation

12 Apr 2024 - Australian shares slipped in the final session of the week as US Federal Reserve officials emphasised the need for patience in addressing global inflation concerns. A…

Markets bounce back from inflation led sell off

12 Apr 2024 - Tech stocks led the market back into positive territory after the previous sessions inflation led sell off after the March PPI number came in below estimates providin…

ASX falls 0.4% following higher-than-expected US inflation data

11 Apr 2024 - Shares rebounded on Thursday despite losses in technology and property sectors following higher-than-expected US inflation data, which led to a 0.4% decline in the S&…

ASX down 0.86% near noon: REITs get slammed

11 Apr 2024 - At 11:30am, the S&P/ASX 200 is 0.86 per cent lower at 7,781.00, as investors sold off interest rate-sensitive sectors such as property, tech, and banking stocks due t…

Higher than expected inflation number triggers selloff

11 Apr 2024 - Hotter than expected March inflation data triggered a wave of selling in US markets with the 10 year Treasury yield soaring back above 4.5 per cent.

ASX grows by 0.3% following optimistic forecasts regarding iron ore consumption

10 Apr 2024 - On Wednesday, the Australian sharemarket saw a 0.3% increase in the benchmark S&P/ASX 200 Index, reaching 7848.5 points, predominantly driven by a surge in mining sto…

ASX up 0.24% near noon following late rebound on Wall Street

10 Apr 2024 - Australian shares opened higher, following a late rebound on Wall Street and a decrease in US Treasury yields ahead of the release of key US inflation data.

Investors stay on the sidelines ahead of key inflation data

10 Apr 2024 - Investors remained on the sidelines ahead of the key March CPI data due out Wednesday US time (tonight local time).

ASX closes 0.5% higher: Speculation of increase demand in iron ore

09 Apr 2024 - The Australian sharemarket closed higher on Tuesday, buoyed by a 0.5% gain in the benchmark S&P/ASX index to 7824.2 points, primarily driven by a 1.5% surge in the ma…

ASX up 0.43% at near noon: March NAB Business survey indicates stable business conditions

09 Apr 2024 - The March NAB Business survey indicated that business conditions and confidence remained relatively stable, with positive trends observed in the retail and constructi…

US markets close flat ahead of inflation data later this week

09 Apr 2024 - Markets finished the day essentially flat as investors remain focused on CPI due out later this week.

ASX gains 0.2%: IT is best performing sector

08 Apr 2024 - The Australian sharemarket closed slightly higher on Monday, with the S&P/ASX gaining 0.2 per cent to 7789.1 points, despite a tumultuous session for several ASX 200 …

ASX up 0.25% near noon following Friday's tech-driven surge on Wall Street

08 Apr 2024 - The ASX is advancing in the initial session of the week, primarily driven by the strength of technology stocks, following Friday's tech-driven surge on Wall Street.

US market ignores strong payrolls & rising yields to bounce back

08 Apr 2024 - US stocks bounced back in Friday trading ignoring a hotter than expected payrolls print and upward pressure on bond yields.

Local markets open lower following US market lead

05 Apr 2024 - The S&P/ASX 200 was trading down 0.4 per cent as midday approached, weighed down by the Consumer Discretionary & Utilities sectors.

Fed comments & oil rally trigger afternoon sell off

05 Apr 2024 - US markets opened in positive territory before Fed rates commentary and a pop in oil prices spooked traders and triggered an afternoon sell off.

Local markets hang onto early gains, led by tech and gold names

04 Apr 2024 - Local markets opened in positive territory and held onto early gains for the remainder of the trading day.

Tech and Gold drive local markets higher

04 Apr 2024 - The S&P/ASX 200 was trading 0.5 per cent higher as midday approached driven by Gold and interest rate sensitive sectors such as IT and Property.

Fed Chair commentary calms rate fears

04 Apr 2024 - US markets traded in positive territory for most of the day encouraged by comments from Fed Chair Jerome Powell that suggested that recent negative data does not mate…

ASX continues slide in afternoon trading

03 Apr 2024 - The ASX continued its slide in afternoon trading, led lower by the interest rate sensitive sectors Property and Tech.

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