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Market Reports

JPMorgan Chase acquires First Republic Bank

02 May 2023 - The Dow Jones Industrial Average inched lower Monday in the wake of the government’s seizure of First Republic over the weekend and the bank’s subsequent sale to JPMo…

Eight out of 12 sectors in the black: ASX closes 0.35% higher

01 May 2023 - At the closing bell, the S&P/ASX 200 was 0.35 per cent higher at 7,334.60, as investors await the Reserve Bank's decision on the official cash rate.

RBA likely to pause rates tomorrow: ASX up 0.56% at noon

01 May 2023 - The RBA is likely to pause rates, as the economy stabilises. This decision is based on the need to monitor how the economy performs in light of the increased number o…

Major indexes rise despite mixed earnings results

01 May 2023 - The Dow Jones Industrial Average rose on Friday, notching its best month since January. The Dow finished April 2.5% higher, its best monthly showing since January, wh…

ASX ends a five-day losing streak to close 0.23% higher

28 Apr 2023 - After a significant increase in the US market, Australia's stock market managed to break a five-day losing streak. The S&P/ASX 200 index closed with a 0.23 per cent g…

Australia's PPI rises: ASX up 0.43% at noon

28 Apr 2023 - Australia's Producer Price Index (PPI) rose by 1 per cent in the March quarter of the year and increased by 5.2 per cent compared to the same period in the previous y…

US stocks rally on big tech earnings

28 Apr 2023 - Stocks rose Thursday, as strong results from Meta Platforms boosted tech-related names, and investors weighed the latest data on the US economy.

ASX closes 0.32% down representing its lowest point in two weeks

27 Apr 2023 - At the closing bell, the S&P/ASX 200 was 0.32 per cent lower at 7,292.70. The market experienced broad losses due to concerns over a possible recession and issues wit…

Export prices beat consensus: ASX down 0.49% at noon

27 Apr 2023 - Australian export prices exceeded expectations by rising 1.6 per cent in the first quarter of 2023, driven by a rebound in metalliferous ores and metal scrap. The inc…

First Republic Bank troubles outweigh excitement around big tech earnings

27 Apr 2023 - The Dow Jones Industrial Average lost more than 200 points as investors’ worries around First Republic overpowered their excitement around Big Tech earnings.

Gold miners performed well despite the ASX finishing 0.08% lower

26 Apr 2023 - At the closing bell, the S&P/ASX 200 was 0.08 per cent lower at 7,316.30, following weaker-than-expected core inflation figures for the first quarter. Mineral Resourc…

Inflation slows to 7%: ASX down 0.05% at noon

26 Apr 2023 - According to the Australian Bureau of Statistics, annual inflation growth in the first quarter slowed to 7 per cent from the previous quarter's 7.8 per cent. This was…

Weaker financial sector hits markets: Google and Alphabet rise after market

26 Apr 2023 - Stocks slid Tuesday after First Republic Bank’s earnings report reignited concerns about the broader sector.

Price of iron ore drops: ASX closes 0.11% lower

24 Apr 2023 - At the closing bell, the S&P/ASX 200 was 0.11 per cent lower at 7,322.00, with losses in the materials and energy sectors. Major mining companies, such as South32 (AS…

Materials and Energy cause ASX to tumble 0.11% at noon

24 Apr 2023 - Nine out of 11 sectors are trading higher today. However, following losses from the Materials and Energy sector in the US markets on Friday and a cut to the productio…

Markets flat as Chile privatises its lithium industry

24 Apr 2023 - The Dow Jones Industrial Average ended little changed Friday and finished lower for the week as investors evaluated the latest earnings results and concerns of disapp…

ASX falls 0.26% to close out its first weekly loss in three weeks

21 Apr 2023 - The Australian sharemarket ended the week down 0.4 per cent after falling by 0.26 per cent at 7,342.90. This was led by losses in miners and banks. The fall was attri…

Materials weigh on ASX: Aus shares down 0.26% at noon

21 Apr 2023 - Seven out of eleven sectors are trading higher today, however, losses from Materials, including a 1.96 per cent fall from BHP (ASX:BHP), a 1.16 per cent fall from For…

Earnings results weigh on Wall Street: Tesla down 10%

21 Apr 2023 - Stocks dropped Thursday as Wall Street reacted to a mixed bag of corporate earnings, including disappointing results from Tesla. Investors also assessed fresh data th…

BHP shares drop 2.6% as ASX closes 0.04% lower

20 Apr 2023 - At the closing bell, the S&P/ASX 200 was 0.04 per cent lower at 7,362.20, as the materials sector suffered a decline of over 2 per cent.

Eight out of eleven sectors trading higher: ASX up 0.02% at noon

20 Apr 2023 - Stocks are fairly flat following overnight’s performance. Eight out of eleven sectors are in the green so far, as the S&P/ASX 200 is 0.02 per cent higher at 7,367 at …

Netflix and Morgan Stanley the latest to report earnings

20 Apr 2023 - The S&P 500 finished little changed Wednesday as earnings season kicked into full swing and investors parsed the latest results from companies including Netflix and M…

Gains from Materials helps boosts ASX 0.07%

19 Apr 2023 - At the closing bell, the S&P/ASX 200 was 0.07 per cent higher at 7,365.50, with Materials and Utilities the only sector in the black.

Strong China GDP figures lifts Materials: ASX up 0.04% at noon

19 Apr 2023 - Following the release of stronger than anticipated GDP figures from China on Tuesday, the heavyweight materials sector has counterbalanced declines in almost all sect…

Markets flat as US earnings season shows resilience

19 Apr 2023 - Equity markets finished flat on Tuesday as traders digested a slew of earnings reports and their implications for the US economy.

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