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Market Reports

M&A activity on the rise as markets bounce: The EU looks to Chile to secure battery minerals

13 Dec 2022 - Markets jumped Monday, clawing back some of the steep losses from the previous week, as traders looked ahead to a highly anticipated Federal Reserve meeting and new i…

Utilities gets whacked: ASX closes 0.45 per cent lower

12 Dec 2022 - The Utilities sector has finished 4 per cent lower, with the nation’s leaders putting a temporary cap on the price of coal and gas and the war in Ukraine continuing t…

Gas stocks weighing down the market: ASX 0.57% lower at lunch

12 Dec 2022 - The local market has continued its downward trajectory after US stocks finished lower Friday, with all the major averages posting losses for the week, as investors lo…

Stocks lower as retail investors suffer heavy losses in 2022

12 Dec 2022 - Stocks finished lower Friday, with all the major averages posting losses for the week as worries persisted over continued rate hikes. Bloomberg has reported that Inve…

Markets flat after a tumultuous week of trading: ASX up 0.16% at noon

09 Dec 2022 - The Australian dollar has been boosted by a weaker US dollar and stronger commodity prices. The iron ore futures have risen to near US$110 a tonne, whilst gold future…

Continuing jobless claims catalyst for market bounce, Investor attention on next week's Fed meeting

09 Dec 2022 - Stocks rose Thursday as the S&P 500 attempted to crack a five-day losing streak and Wall Street evaluated the odds of a recession ahead. Despite the gains, stocks are…

Lithium slammed by GS, NSW close to energy deal with Federal Government: ASX closes 0.6% lower

08 Dec 2022 - Goldman Sachs have extended their bearish views on lithium, believing that the prices are expected to decline from the second half of 2023.

Lithium stocks under pressure following Goldman's comments: ASX down 0.47% at noon

08 Dec 2022 - The Australian market is still unnerved over concerns about a possible US recession. Energy is weighing down the benchmark over fears demand for oil will be impacted …

China eases COVID restrictions as markets await further economic data

08 Dec 2022 - Stocks fell in a choppy session Wednesday as traders weighed the possibility of a recession, and the likelihood of a longer-than-expected hiking cycle from the Federa…

ASX falls on big tech losses: Aus shares close 0.5% lower

07 Dec 2022 - All sectors besides Materials, which closed 0.22 per cent higher, have finished in the red, amidst the release of the news that GDP estimates fell short of expectatio…

Annual GDP misses forecasts: ASX down 0.81% at noon

07 Dec 2022 - The local bourse is continuing its losing streak after major US indexes fell overnight, with recession concerns continuing to weigh on markets. At noon, the S&P/ASX 2…

Markets tumble as Biden's Inflation Reduction Act shakes up global EV industry

07 Dec 2022 - Stocks tumbled Tuesday, building on the previous session’s losses, as fears of a recession gripped Wall Street. In Europe there is growing frustration over the Biden …

Shares dive following rate hike: ASX closes 0.5% lower

06 Dec 2022 - The ASX has closed 0.47 per cent lower after the Reserve Bank of Australia delivered its eighth interest rate hike in a row, lifting the cash rate 25 basis higher to …

Local market awaits RBA rate decision: ASX falls 0.17% at noon

06 Dec 2022 - The Australian market has followed Wall Street’s negative lead overnight after US markets sold off on fears that the Fed will keep increasing interest rates. Also wei…

Hotter than expected US data fuels rate concerns: Oil price becoming a geopolitical football

06 Dec 2022 - Stocks fell Monday on fears that the Federal Reserve may continue tightening until it steers the economy into a recession. While the war in Ukraine grinds on, Western…

Relaxation of Chinese Covid-19 restrictions: Aus shares close 0.3% higher

05 Dec 2022 - As a result of news that China will relax Covid-19 restrictions, commodities have seen an increase in their prices, resulting in Energy and Materials finishing the da…

Materials holding up market: ASX up 0.28% at noon

05 Dec 2022 - Materials are holding up the market as iron ore continued its rally over the US$100 a tonne mark, boosted by speculation that China is moving forward towards further …

US labour data resilient, as consumers spend their savings to fight inflation

05 Dec 2022 - Stocks cut much of their earlier losses Friday as investors looked past hotter-than-expected labour data to the upcoming Federal Reserve meeting. And it appears consu…

ASX down 0.66% at noon after a moderate week of trading

02 Dec 2022 - Energy and Real Estate are down almost 2 per cent at noon, followed by Materials, which is down by 0.61 per cent.

Falling $US sees commodity price rises: All eyes on Friday's job data

02 Dec 2022 - The Dow Jones fell Thursday, relinquishing some of the big gains seen in the prior session as investors awaited jobs data coming Friday that could determine the pace …

Almost all sectors higher: Aus shares close up 1%

01 Dec 2022 - Eight out of the eleven sectors have finished higher today, with big results from Materials, Utilities and Communication Services, whilst the sectors that were in the…

ASX opens to 7-month high after Powell's positive news: Aus shares up 0.8%

01 Dec 2022 - The ASX has reacted positively to overnight news from the Federal Reserve. Chair Jerome Powell has confirmed the central bank will slow the pace of interest rate rise…

Stocks fly as Fed Reserve suggests rate hikes to slow

01 Dec 2022 - Stocks climbed Wednesday as Federal Reserve Chair Jerome Powell confirmed that the central bank will slow the pace of its aggressive rate-hiking campaign that has wei…

Sixth day of gains in seven days: Aus shares close 0.4% higher

30 Nov 2022 - The ASX finished higher following the release of better-than-expected October CPI data.

October inflation data lower than expected: ASX 0.24% higher at noon

30 Nov 2022 - The Consumer Price Index (CPI) indicator is 6.9 per cent higher, 0.4 per cent lower than the September figure. Whilst the figure shows a decline, it is important to n…

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