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Major US indexes plummet amid debt ceiling deadlock

25 May 2023 - The Dow Jones Industrial Average fell for a fourth straight day as US lawmakers struggled to reach a deal on the country’s debt ceiling, heightening worries of a pote…

ASX closes 0.63% lower as gold stocks outperform

24 May 2023 - At the closing bell, the S&P/ASX 200 was 0.63 per cent lower at 7,213.80. This drop was primarily influenced by the materials and healthcare sectors.

UBS and Credit Suisse nearing completion of merger: ASX 0.46% lower at noon

24 May 2023 - Swiss banks UBS and Credit Suisse are nearing the completion of their merger, with regulatory approval expected by 31 May.

Little progress in debt ceiling talks causes US stocks to fall

24 May 2023 - Stocks fell Tuesday as ongoing debt ceiling discussions appeared to yield little progress. Some traders interpreted the lack of any major updates on negotiations as a…

ASX closes 0.05% lower despite major banks showing strength

23 May 2023 - Aus shares remained steady with a small intraday increase, mirroring the rise in US futures. This was partially due to optimism about a debt ceiling agreement followi…

ASX up 0.17% at noon as debt ceiling discussions are becoming "productive"

23 May 2023 - At noon, the S&P/ASX 200 is 0.17 per cent higher at 7,275.40. This evening, Wall Street is poised for an upward movement as discussions aimed at increasing the debt c…

Australia and the US sign critical minerals agreement

23 May 2023 - The S&P 500 finished little changed on Monday as Wall Street awaited a pivotal debt ceiling meeting and government officials scrambled to avert a default.

Financials suffers further: ASX drops by 0.22%

22 May 2023 - At the closing bell, the S&P/ASX 200 was 0.22 per cent lower at 7,263.30, with losses in the real estate and financials sector offsetting gains by tech stocks.

ASX down 0.3% at noon as tax loss selling takes hold

22 May 2023 - At noon, the S&P/ASX 200 is 0.3 per cent lower at 7,257.70. There is a likelihood of testing chart support below 7200 as the market enters a seasonally weak period.

S&P500's best week since March amid doubts of swift debt ceiling deal

22 May 2023 - Stocks fell Friday as GOP negotiators halted ongoing debt ceiling negotiations, stoking doubt of a deal being reached soon. However, the S&P 500 notched its best week…

ASX considers abandoning blockchain clearing system: Aus shares up 0.43% at noon

19 May 2023 - At noon, the S&P/ASX 200 is 0.43 per cent higher at 7,267.80. The Nasdaq Composite index, which focuses on technology, experienced a significant surge of 1.5%, while …

Debt ceiling focus boosts S&P500 and Nasdaq to highest levels since Aug '22

19 May 2023 - The S&P 500 and Nasdaq Composite jumped on Thursday to notch their highest closing levels since August 2022 as Wall Street traders kept focused on debt ceiling negoti…

High iron ore prices boosts ASX bellwethers: ASX closes 0.52% higher

18 May 2023 - At the closing bell, the S&P/ASX 200 was 0.52 per cent higher at 7,236.80. Nufarm's (ASX:NUF) shares rallied 14.2 per cent to $6.05 after announcing a 7 per cent incr…

ASX up 0.59% as economy experiences loss of jobs

18 May 2023 - According to the Australian Bureau of Statistics, the economy experienced a loss of 4,300 jobs in the previous month, which was contrary to economists' predictions of…

Rebound in banks lift the S&P500: EV sector gets a boost by EU's plans

18 May 2023 - Stocks rose Wednesday as investors hoped congressional leaders and President Joe Biden could come to a deal on the US debt ceiling and avoid a catastrophic default.

ASX falls 0.49% on second day of losses

17 May 2023 - The ASX experienced a second consecutive day of decline, with major banks and mining companies leading the falls across most sectors. This decline is often observed i…

ASX down 0.51% at noon as Australian wages grow

17 May 2023 - At noon, the S&P/ASX 200 is 0.51 per cent lower at 7,198.10, after initially dropping as much as 1 per cent at the opening.

Biden and McCarthy set to continue talks regarding the US debt ceiling

17 May 2023 - Stocks dipped Tuesday as Wall Street also turned its attention to a meeting between congressional leaders and President Joe Biden on the US debt ceiling.

ASX closes 0.45% lower as healthcare, tech and consumer staples suffer

16 May 2023 - On Tuesday, at the closing bell, the S&P/ASX 200 was 0.45 per cent lower at 7,234.70, as the healthcare, tech, and consumer staples sectors witnessed drops, which cou…

RBA indicates more hikes may be necessary: ASX 0.15% lower at noon

16 May 2023 - The Reserve Bank's minutes for May indicate that the central bank is committed to reducing inflation. The Board expressed its determination to take the necessary acti…

Investors react to debt ceiling talks

16 May 2023 - The S&P 500 rose slightly to start the week Monday as traders assessed ongoing debt ceiling negotiations.

Resources and REITs deliver strong gains: ASX closes 0.09% higher

15 May 2023 - At the closing bell, the S&P/ASX 200 was 0.09 per cent or 6.1997 points higher at 7,262.90. The rise was primarily driven by the performance of the real estate and re…

Newcrest reaches deal with Newmont: ASX down 0.09% at noon

15 May 2023 - At noon, the S&P/ASX 200 is 0.09 per cent lower at 7,250.50. While the financial sector is weak, gains in the mining and industrial sectors are offsetting the decline…

Consumer sentiment index falls to a six-month low

15 May 2023 - The S&P 500 fell Friday as concerns around the US economy dampened investor sentiment. The S&P 500 and Dow fell for a second consecutive week, down 0.29% and 1.11%, r…

ASX snaps three-week losing streak: Aus shares close 0.07% higher

12 May 2023 - The Australian sharemarket ended its three-week losing streak with a small gain on Friday. The S&P/ASX 200 index closed at 7256.70 points, up by nearly 0.1 per cent. …

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