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ASX up 0.29% at noon as Fed signals inflation is declining

08 Feb 2023 - Australia's S&P/ASX 200 index is 0.29 per cent higher at 7,526 after an early rise, with gains in financials, materials, and energy offset by losses in consumer stapl…

Fed Chair rhetoric supports markets as tech layoffs continue

08 Feb 2023 - Stocks advanced Tuesday following Federal Reserve Chair Jerome Powell’s comments that inflation was on the decline.The Fed Chair repeated post-FOMC meeting messaging…

ASX closes 0.46% lower after RBAs 25 basis point hike

07 Feb 2023 - The Reserve Bank of Australia has raised the official interest rate for the ninth consecutive time to 3.35 per cent. The bank indicated that more rate hikes may be ne…

ASX up 0.12% at noon as investors await this afternoon's RBA meeting

07 Feb 2023 - Investors are cautious as they await the outcome of the Reserve Bank's meeting and examine local earnings updates. As a result, the Australian sharemarket remains mos…

Big tech companies are announcing in-house AI projects

07 Feb 2023 - US stocks fell Monday as investors grew increasingly cautious of rising bond yields, while watching the latest batch of corporate earnings. Investors will also watch …

Property sector leads ASX 0.3% lower

06 Feb 2023 - Large property players Goodman Group (ASX:GMG), Dexus (ASX:DXS), Mirvac Group (ASX:MGR) and Charter Hall (ASX:CHC) have all suffered losses in today’s session.

ASX 0.1% lower at noon after all US indices fell over the weekend

06 Feb 2023 - All sectors besides Energy and Materials are trading lower today, after the US sectors fell on Friday due to a strong jobs report, which caused some investors to worr…

Bleak news from major tech companies not enough to spoil Nasdaq's winning streak

06 Feb 2023 - Stocks fell on Friday due to a strong jobs report, causing some investors to worry about the Federal Reserve continuing to raise interest rates. The seemingly endless…

ASX trading 0.37% higher at noon after S&P 500 rises to its highest level in 5 months

03 Feb 2023 - At noon, the S&P/ASX 200 is 0.37% higher at 7,539.60. Coal miners are facing pressure as coal prices decrease, with Whitehaven and New Hope both lower. CSL shares ros…

Meta drives Nasdaq higher: After hours earnings reports mixed

03 Feb 2023 - The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led t…

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…

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