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ASX closes 0.13% higher as Bitcoin spikes and China lifts coal ban

02 Feb 2023 - Bitcoin hit its highest point since August due to investor interpretation of Fed Chairman Powell's comments on inflation as a sign of a less harsh monetary policy. Th…

ASX lifts after the Fed Chairman's comments of a decreasing inflation: ASX up 0.58% at noon

02 Feb 2023 - The ASX has increased 0.58 per cent at noon, as Wall Street gained following Federal Reserve Chairman Jerome Powell's comments that financial conditions have tightene…

Tech earnings drive markets higher: Meta announces US$40b buy back

02 Feb 2023 - Stocks increased on Wednesday due to a change in focus from the quarter-point interest rate hike by the Federal Reserve to comments from Fed Chairman Jerome Powell ac…

ASX hits highest point since April: Aus shares close 0.33% higher

01 Feb 2023 - Australian shares rose 0.3% to close at their highest since April, boosted by real estate and miners.

Inflation has peaked: ASX 0.45% cent higher at noon

01 Feb 2023 - The head of economic analysis at the Reserve Bank of Australia, Marion Kohler, has announced that inflation has peaked at around 8 per cent at the end of 2022 and wil…

Strong earnings and inflation data have boosted the US stocks in Jan

01 Feb 2023 - Stocks rose on Tuesday as strong earnings and encouraging inflation data put the S&P 500 on track for its best January in four years. Traders have assessed how some o…

ASX rose 6.2% in January: Aus shares closed the day 0.07% lower

31 Jan 2023 - Australian shares fluctuated on Tuesday with a 0.4 per cent gain and later 0.2 per cent loss. Consumer stocks led the gains, up 2.3 per cent, while tech stocks weighe…

High cost of living causes a fall in retail sales: ASX up 0.22% at noon

31 Jan 2023 - Retail sales in Australia fell 3.9% in December, surprising expectations for a 0.2% decline. The ABS Head of Retail Statistics noted that the fall follows 11 consecut…

Market braces for busy week of earnings and central bank decisions

31 Jan 2023 - Stocks traded lower Monday, pausing a January rally as investors braced for the busiest week of earnings season. The upcoming week is also full of potential market mo…

Iron ore surge not enough to lift the ASX: Aus shares close 0.16% lower

30 Jan 2023 - Iron ore prices have reached a seven-month high due to increased demand expectations from China after its reopening following a Covid-19 surge.

Aus shares lower despite a spike in US markets: ASX down 0.15% at noon

30 Jan 2023 - The global race for lithium, a commodity crucial for the electric vehicle (EV) industry, has intensified as German Chancellor Olaf Scholz signed an agreement with Arg…

Tesla pops: All eyes await this week's Federal Reserve policy meeting

30 Jan 2023 - Stocks rose Friday and capped off a winning week fueled by better-than-expected economic growth and a pop in Tesla shares. Investors have been weighing economic data …

Strong week of trading: ASX closes 0.34% higher

27 Jan 2023 - Westpac expects the Reserve Bank of Australia's cash rate to peak at 3.85 per cent following a higher-than-expected inflation print.

Uncertain gas market not enough to stop gains: Aus shares up 0.36% at noon

27 Jan 2023 - Australia’s import prices gained 1.8 per cent in the December quarter, while export prices fell 0.9 per cent in the same period, according to the Australian Bureau of…

Stocks rise as Tesla soars 10 per cent higher: Big Oil sits on $200b of profits

27 Jan 2023 - Stocks rose Thursday as traders combed through the latest batch of corporate earnings and fourth-quarter gross domestic product that came in above expectations. The U…

ASX unable to recover from mornings inflation data: Aus shares close 0.3% lower

25 Jan 2023 - The Australian Treasurer, Jim Chalmers, held a press conference addressing the "unacceptably high" inflation figures released today. He acknowledged the high figures,…

Sharemarket tumbles after new inflation data: ASX down 0.3% at noon

25 Jan 2023 - Australian inflation has grown at a rate of 7.8% in the December quarter, which is higher than expected. This has reinforced the case for the Reserve Bank to lift the…

Microsoft rallies after market as US trading opens with a 'flash crash'

25 Jan 2023 - A mini ‘flash crash’ greeted traders on the opening as trading in dozens of blue-chip stocks from ExxonMobil to McDonald’s and Mastercard was briefly halted on Tuesda…

Chinese interest in Aus coal resurges: ASX closes 0.44% higher

24 Jan 2023 - Multiple Chinese companies are seeking to purchase coal mined in Queensland, Australia, according to Coronado Global Resources. This adds credibility to the expectati…

NAB predicts peak in interest rates is near: ASX up 0.1% at noon

24 Jan 2023 - NAB's monthly business survey shows that the economy is beginning to slow and that inflation passed its peak as of December, reinforcing market expectations that a pe…

Tech stocks stronger as Microsoft makes big bet on AI

24 Jan 2023 - Stocks rose Monday as investors contemplated a potential slowdown in rate hikes from the Federal Reserve and braced for a busy week of earnings.

ASX closes 0.07% higher despite worrying food inflation data

23 Jan 2023 - Reports from UBS show that food prices at Australia’s largest supermarket chains, Coles and Woolworths, jumped by 9.2 per cent in the December quarter, up from 8.2 pe…

ASX shakes off mornings gains: Aus shares down 0.15% at noon

dd Mmm 2023 - The ASX hit a fresh nine-month high this morning, after earnings from US tech companies helped lead US markets to big gains. However, since then, the ASX has fallen. …

US stocks finish higher after positive tech results

23 Jan 2023 - Stocks rallied on Friday to finish the week strong after briefly losing the momentum of the January rally. In Europe economic upgrades are boosting sentiment thanks …

Aus shares open stronger despite dismal performance on Wall Street: ASX up 0.26% at noon

20 Jan 2023 - The ASX is up at noon, largely based on heavy gains from Energy, up by over 1.5% at lunch.

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