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Market Reports

ASX closes 0.38% higher: Energy stocks outperform as oil prices lift

12 Jul 2023 - At the closing bell, the S&P/ASX 200 was 0.38 per cent higher at 7,135.70.

Afternoon Update: RBA says further tightening is possible

12 Jul 2023 - The Reserve Bank of New Zealand has maintained interest rates at 5.5 per cent for the second consecutive meeting, citing the need to control inflation and support emp…

ASX up 0.46% at noon as RBNZ keeps rates unchanged

12 Jul 2023 - The Reserve Bank of New Zealand has decided to keep interest rates unchanged at 5.50 percent, aligning with expectations from analysts. This decision reflects the cen…

Major US indexes rise as investors await CPI and PPI reports

12 Jul 2023 - Major US indexes rose Tuesday, a day after the major averages snapped a three-session decline, as traders await the June consumer price index report set for release o…

ASX closes 1.5 per cent higher ahead of US CPI data

11 Jul 2023 - At the closing bell, the S&P/ASX 200 was 1.5 per cent higher at 7,108.90, experiencing a strong rebound ahead of US CPI data, boosted by offshore gains and hints of i…

All sectors higher: ASX up 0.97% at noon

11 Jul 2023 - Australia's share market is on track to break a four-day losing streak, with the S&P/ASX 200 index rising 0.97 per cent higher to 7,071.90 at noon. All sectors are ex…

Major US indexes rise as investors await key inflation data

11 Jul 2023 - The Dow Jones Industrial Average rose Monday as Wall Street tried to recover from a losing week. The positive reversal came as investors prepared for a slate of infla…

ASX closes 0.54 per cent lower as Chinas inflation data falls to zero

10 Jul 2023 - The ASX declined further as weak consumer inflation data from China contributed to ongoing losses, with the benchmark S&P/ASX 200 index falling 0.54 per cent at 7,004…

ASX up 0.11% at noon as the price of oil stablises

10 Jul 2023 - Oil stabilises as Saudi Arabia and Russia commit to supply cuts, while the market faces challenges from China's economic slowdown, central banks' tightening policies,…

Stocks close lower amid investor concerns of imminent Fed rate hikes

10 Jul 2023 - Stocks fell on Friday, and finished lower for the week, as Wall Street struggled to shake off fears that the Federal Reserve may start hiking rates again later this m…

Morning Report: US stocks fall after better-than-expected jobs data

07 Jul 2023 - Better-than-expected jobs data increased investors’ anxiety around the state of the economy and the path of interest rates.

ASX closed 1.24 per cent lower as Aus dollar falls

06 Jul 2023 - The Australian dollar briefly dropped 0.6 per cent to a low of US66.34 against the US dollar as sentiment continues to deteriorate across Asian markets.

ABS reports trade surplus: ASX down 1.05% at noon

06 Jul 2023 - Australia recorded a trade surplus of $11.8 billion in May, with strong commodity prices contributing to the boost in the economy.

Morning Report: Fed indicates further rate hikes ahead

06 Jul 2023 - The Dow Jones Industrial Average slid on Wednesday as Wall Street digested the Fed meeting minutes for insights into monetary policy.

ASX closes 0.35 per cent lower to end a three-day period of gains

05 Jul 2023 - At the closing bell, the S&P/ASX 200 was 0.35 per cent lower at 7,253.20, experiencing a decline, ending a three-day period of gains. The index closed down by 0.4 per…

China's Caixin services falls short: ASX down 0.29% at noon

05 Jul 2023 - China's Caixin services manufacturing PMI for June fell short of expectations at 53.9 points, disappointing analysts who anticipated a stronger rebound at 56.2.

Morning Report: China-US AI arms race heating up

05 Jul 2023 - Overnight, US markets were closed due to the fourth of July holiday. Futures tied to the Dow Jones Industrial Average and Nasdaq-100 lost 0.1 per cent, while contract…

ASX closes 0.42 per cent higher after the RBA decides to keep rates unchanged

04 Jul 2023 - The Reserve Bank of Australia has decided to keep the cash rate unchanged at 4.1 percent following its July board meeting.

ASX up 0.06% at noon ahead of RBA rate decision

04 Jul 2023 - Economists are divided on whether there will be a rate change, with some expecting another 25 basis point hike while others anticipate no change.

Morning Report: Stocks begin second half of 2023 with modest gains

04 Jul 2023 - Stocks rose slightly Monday in a shortened session that kicked off the second half of what’s already been a stellar year on Wall Street.

ASX rises 0.59% on FY24s first day, driven by seasonal trade strategy

03 Jul 2023 - Supported by positive sentiment from Wall Street, the S&P/ASX 200 closed 0.59 per cent higher at 7,246.10, with the benchmark index gaining 0.3% and nine out of 11 se…

Afternoon Update: Materials soar, tech slumps

03 Jul 2023 - The Australian residential market is showing early signs of recovery, as building approvals and housing finance approvals have rebounded strongly.

Oil prices stabilise: ASX up 0.29% at noon

03 Jul 2023 - Oil prices remained relatively stable as the second half of the year began, as traders closely monitored factors affecting demand and the complex supply situation.

Friday's close caps off best half for Nasdaq in 40 years

03 Jul 2023 - Stocks rose Friday and technology names continued their staggering run to cap off a strong start to the year, and the best first half for the Nasdaq Composite since 1…

ASX ends 0.1% higher to close the week up 1.5%

30 Jun 2023 - The S&P/ASX 200 index increased by 0.1 per cent to reach 7203.30.

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