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Market Reports

Nasdaq sees megacap and AI stocks decline

05 Dec 2023 - Stocks slipped on Monday as investors questioned whether the market was getting ahead of itself following five straight winning weeks.

ASX closes 0.7% higher driven by investor optimism

04 Dec 2023 - The Australian sharemarket experienced a positive uptick on Monday with nine of its eleven sectors showing gains, driven by investor optimism amid expectations that g…

ASX up 1.28% at noon following speculation that global central banks have concluded raising rates

04 Dec 2023 - At noon, the S&P/ASX 200 is 1.28 per cent higher at 7,163.40, following the upward movement seen on Wall Street.

S&P500 continues its November rally

04 Dec 2023 - The S&P 500 soared to a closing high for 2023 on Friday, extending November’s rally into the new month.

ASX down 0.61% at noon as IT dips 1.64%

01 Dec 2023 - Tech stocks have fallen by 1.5%, while energy stocks remained flat despite a drop in oil prices following OPEC+ output cuts. The market also awaited key manufacturing…

Dow Jones surges on Salesforce earnings and lower inflation

01 Dec 2023 - The Dow Jones Industrial Average rallied Thursday to a new high for the year, as more cooling inflation data and strong Salesforce earnings capped the benchmark’s bes…

ASX closes 0.74% higher as bond yields decline

30 Nov 2023 - On Thursday, the Australian stock market made significant progress, driven by strong increases in cyclical stocks. This surge was fueled by a continued decline in bon…

ASX down 0.04% as REITS tumble 1.5%

30 Nov 2023 - Bond yields in the US continue to drop, leading to increased speculation that interest rate cuts may happen sooner than anticipated.

US stocks on track for biggest monthly gain in 2023

30 Nov 2023 - The S&P 500 and the Dow Jones Industrial Average ended Wednesday near the flat line, but the major averages remain on track for their biggest monthly gain in 2023.

Gains in interest rate-sensitive stocks cause ASX to close 0.29% higher

29 Nov 2023 - Australian shares rose on Wednesday, primarily driven by gains in interest rate-sensitive stocks, responding to signs of progress in the Reserve Bank's efforts to com…

ASX up 0.48% at noon as CPI grows by 4.9%

29 Nov 2023 - Australia's Consumer Price Index (CPI) grew by 4.9 percent in annual terms in October, falling short of analysts' consensus of 5.2 percent.

US stocks rise after optimistic comments from the Fed

29 Nov 2023 - Stocks rose Tuesday, resuming their November rally, as comments from a Federal Reserve official raised hope that the central bank may not need to raise interest rates…

ASX closes 0.39% higher due to gains in REITs and gold

28 Nov 2023 - Shares rebounded on Tuesday due to gains in real estate and gold, while the Australian dollar reached a four-month high amid expectations of prolonged high borrowing …

ASX up 0.72% at noon: Retail sales in October decline by 0.2%

28 Nov 2023 - Retail sales in October declined by 0.2% compared to September, falling short of the expected 0.1% increase, indicating that rising borrowing costs and elevated infla…

Dow falls as Cyber Monday stocks rise

28 Nov 2023 - The Dow Jones Industrial Average fell on Monday, as traders took a breather after the major averages posted a four-week winning streak.

ASX closes 0.76% lower as commodity stocks experience sell-off

27 Nov 2023 - The Australian sharemarket experienced a decline on Monday due to a sell-off in commodity stocks, primarily driven by a drop in the value of iron ore.

Afternoon update: ASX down 0.44% as OPEC+ considers increasing production cuts

27 Nov 2023 - The S&P/ASX 200 is trading 0.44 per cent lower at 7,009.50.

ASX down 0.15% at midday as iron ore prices dip

27 Nov 2023 - The Australian sharemarket experienced a noon decline with the S&P/ASX 200 index slipping 0.15% due to losses in commodity stocks, particularly in the materials secto…

The major US averages notch four-week win streak

27 Nov 2023 - The Dow Jones Industrial Average rose on Friday, as the major averages notched a four-week winning streak.

ASX up 0.4% at noon as Energy bounces back

24 Nov 2023 - The gains come from Energy and Utilities. Energy shares saw a rebound, bouncing back from the previous day's decline.

European stocks closed higher with US markets closed

24 Nov 2023 - European stocks closed slightly higher on Thursday as investors continue to seek direction with US markets closed.

ASX closes 0.62% lower: Australia's manufacturing activity continues to slow

23 Nov 2023 - In November, Australian manufacturing activity continued to decline, with the flash composite output index dropping to 46.4, marking its lowest level in eight years, …

Afternoon update: ASX down 0.62% after OPEC+ postpones meeting

23 Nov 2023 - Today's theme is all about the fall in energy stocks due to the falling price of crude oil. The falling prices are a result of disagreements within OPEC+ causing a de…

ASX down 0.52% as Energy stocks fall

23 Nov 2023 - Aus. energy stocks are trading in the red due to the postponement of an OPEC meeting to later next week, dampening hopes of the cartel tightening its supplies.

Stocks rise as yields hit lowest level in two months

23 Nov 2023 - Stocks rose Wednesday after yields briefly fell to their lowest level in two months, and the November market rally broadened into the Thanksgiving holiday.

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