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Market Reports

Credit Suisse on the verge of collapse

16 Mar 2023 - The Dow Jones Industrial Average fell Wednesday as investors contemplated the future of Credit Suisse, a bank with a large international and US presence, and peers.

Big gains from Tech boost ASX 0.86% higher

15 Mar 2023 - The Australian stock market experienced a 0.89 per cent increase, reaching 7068.9 points, mainly due to growth in the technology industry.

ASX up 0.29% at noon on the back of big gains in Tech

15 Mar 2023 - The Australian stock market has recovered following encouraging performance in the United States, with the majority of sectors experiencing gains.

Release of February's inflation data boosts US shares

15 Mar 2023 - US stocks rose Tuesday as investors bet the risk of contagion following the closures of Silicon Valley Bank and Signature Bank has been contained. Traders also focuse…

ASX falls 1.4% to lowest point in three months

14 Mar 2023 - At the closing bell, the S&P/ASX 200 was 1.4 per cent lower at 7,008.9, a three-month low. The fall was mainly due to concerns about a financial crisis after the coll…

ASX sinks to lowest point since Jan: Aus shares down 1.91% at noon

14 Mar 2023 - Earlier today, the S&P/ASX 200 stock index of Australia experienced a decline of 2.1 per cent and hit a new low of 6956.7, which is close to its lowest point of the y…

US regional banks get slammed as the SVB saga continues

14 Mar 2023 - The Dow Jones Industrial Average dropped on Monday as a plan to backstop all the depositors in failed Silicon Valley Bank, along with other extraordinary measures, fa…

Tech and Financials drag ASX: Aus shares close 0.5% lower

13 Mar 2023 - On Monday, the S&P/ASX 200 decreased by 0.5 per cent, or 35.9 points, to 7108.8 due to losses in the financials and technology sectors.

ASX down 0.61% at noon as the SVB saga continues

13 Mar 2023 - The collapse of Silicon Valley Bank has caused concern in the US banking and technology industries, reminding investors of the risks they had ignored. Bank stocks hav…

Bank crisis spooks markets

13 Mar 2023 - Stocks tumbled Friday as tech-focused lender Silicon Valley Bank shut down following losses in its bond portfolio, prompting the biggest bank failure since the global…

ASX closed 2.28% lower due to a sell-off in US stocks

10 Mar 2023 - On Friday, Australian shares experienced a 2.28 per cent decline due to a sell-off in US bank stocks, which triggered concerns about the solvency of Silicon Valley Ba…

Overnight losses in the US cause ASX to fall 1.65% at noon

10 Mar 2023 - Overnight, the S&P 500, Nasdaq Composite Index, and Dow Jones Industrial Average all closed lower by 1.9 per cent, 2.1 per cent, and 1.7 per cent, respectively, on Wa…

Stock sale from SVB Financial drags US stocks lower

10 Mar 2023 - Stocks accelerated losses in the final hour of trading Thursday as banks and other financials sold off, and investors braced for a key payroll report Friday that coul…

Big gains from tech and consumer discretionary boost ASX 0.05% higher

09 Mar 2023 - Australian shares remained resilient to ex-dividend falls in major companies, including BHP (ASX:BHP), Rio Tinto (ASX:RIO), and CSL (ASX:CSL), as most sectors rose af…

Information Technology lifts ASX 0.1% at noon

09 Mar 2023 - Information Technology has boosted the S&P/ASX 200 0.1 per cent higher at 7311.3 at noon. The reason for this was the announcement from Xero (ASX:XRO), outlining that…

US stocks mixed as fresh job market supports Powell's comments

09 Mar 2023 - The Dow finished slightly lower Wednesday as the market fought to overcome Tuesday’s selloff, spurred by comments from Federal Reserve Chairman Jerome Powell hinting …

Energy and mining stocks drive ASX down: Aus shares close 0.77% lower

08 Mar 2023 - Australian shares decreased by 0.77 per cent to 7,307.80, driven by losses in energy and mining sectors.

ASX down 0.73% at noon as Powell's comments causes US stocks to suffer

08 Mar 2023 - Overnight, Fed Chair Jerome Powell hinted that interest rates may need to be raised for a longer duration, leading to concerns that there may be a larger increase in …

US stocks get rocked after Powell's comments

08 Mar 2023 - Stocks sold off sharply Tuesday after comments from Federal Reserve Chair Jerome Powell suggested that rates may need to go higher for longer, fueling fears of a pote…

ASX closes 0.49% higher as RBA lifts rates by 25 basis points

07 Mar 2023 - At its monthly board meeting today, the RBA board raised the rates by 0.25 percentage points to 3.6 per cent.

ASX down 0.12% at noon as investors await RBA's decision

07 Mar 2023 - Australia's share market is trading slightly weaker ahead of the Reserve Bank of Australia's decision. At noon, the S&P/ASX 200 is 0.12 per cent lower at 7,319.90. T…

S&P 500 closed slightly higher as investors await several big macro events

07 Mar 2023 - The S&P 500 rose slightly overnight, fighting to hold onto last week’s gains as bond yields inched higher and investors braced for a busy week of economic news.

Havoc for rare earths companies following Tesla decision: ASX closes 0.6% higher

06 Mar 2023 - On Monday, the share market closed 0.62 per cent higher at 7,328.60, led by the tech, financials, and real estate sectors, while Lynas (ASX:LYC) was the worst perform…

Tech's big gains lift ASX 0.5% at noon

06 Mar 2023 - At lunchtime, shares have risen by 0.53 per cent to 7,322.20. The tech sector is leading the way with a 2.6 per cent increase as bond yields fall.

Major US indexes finish higher Friday to close out first winning week in four

06 Mar 2023 - Stocks rose Friday as Treasury yields eased from their recent highs and investors weighed the cumulative impact from Fed hikes already implemented and digested last w…

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