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Market Reports

Eyes await the new BNPL laws: ASX up 0.57% at noon

22 Nov 2022 - The Treasury is expected to release a discussion paper today on the BNPL sector. The paper is likely to outline that Australia’s current buy now, pay later providers …

Oil bounces off lows as Disney shares support Dow

22 Nov 2022 - Stocks fell Monday in a volatile session to start a short trading week due to the Thanksgiving holiday. Fears that China may again ramp up Covid restrictions after re…

IT and Materials drag down the ASX: Aus shares close 0.17% lower

21 Nov 2022 - In a relatively quiet session, Utilities have led the day, following big results from Mercury NZ (ASX:MCY), which closed 4.31 per cent higher, and AGL Energy (ASX:AGL…

Lacklustre start to the week: ASX flat at noon

21 Nov 2022 - The Australian market is having a lacklustre start to the trading week after US equity markets posted gains on Friday on news of strong earnings reports, but ended lo…

Markets treading water ahead of US earnings, economic data & ASX AGMs

21 Nov 2022 - The major averages ticked higher in afternoon trading Friday to end the day on an upbeat note as investors assessed tougher language from Federal Reserve speakers and…

Stocks open higher after volatile week of trading: ASX 0.27% higher at noon

18 Nov 2022 - Mixed bag of results to open the final day of the trading week. Financials, Utilities and Real Estate are all up, whilst Healthcare is sharply lower and Energy and Ma…

Energy stocks disconnect from falling oil price: More high profile crypto casualties announced

18 Nov 2022 - Overnight oil stocks continued to show a clear disconnect from the commodity they track. The energy sector is reporting the greatest increase in net profit margins co…

Market holds on to marginal gains: ASX closes 0.2% higher

17 Nov 2022 - Oil producers and miners weighed down the benchmark today. Energy slid 2.1 per cent with the pull back in coal prices. Following the print of unemployment to 3.4 per …

ASX opens higher despite gloomy forecasted US consumer spending: Aus shares up 0.12% at noon

17 Nov 2022 - The ASX has opened slightly higher today, contradicting the Wall Street fall overnight, which was prompted by deep concerns of a reduction in consumer spending over t…

Falling consumer demand hits retailers: Commodities soaring

17 Nov 2022 - Markets fell on Wednesday as investors weighed a gloomy holiday quarter update from Target that pressured retail stocks. Target blamed higher inflation and shifts in …

Energy rallies on optimism surrounding Chinas COVID-Zero policy: ASX closes 0.27% lower

16 Nov 2022 - Energy, Material and Real Estate were the only sectors in the green in today’s day of trading. Energy was the best performer out of the bunch, fuelled on the hopes th…

Robust labour market and missile explosion in Poland: ASX down 0.41% at noon

16 Nov 2022 - The Australian market shook off the positive lead from Wall Street overnight with the major index opening lower. It is day 2 of the G20 summit for world leaders gathe…

Retail earnings support market rally: US lithium stocks struggle across the globe

16 Nov 2022 - Elsewhere, retail stocks also lifted investor sentiment. Walmart shares jumped on a bumper third quarter. The retail giant said that sales were up nearly 9 percent fr…

ASX falls after lithium stocks crumble: ASX closes 0.07% lower

15 Nov 2022 - Sectors were mostly mixed today, and the S&P/ASX 200 was 0.07 per cent or 4.70 points lower at 7141.6 at the closing bell. Healthcare slightly edged Information Techn…

Slow start to week continues as RBA hints further hikes: ASX down 0.35% at noon

15 Nov 2022 - Following a choppy US session overnight, the Australian market is marginally lower this morning. Materials have erased some of yesterday’s gains and are weighing down…

Markets slide as run on digital asset exchanges continues to cause crypto havoc

15 Nov 2022 - Stocks fell to start the week as investors took a pause from last week’s big rally and digested a slew of corporate and economic news, as digital asset exchanges are …

Early gains quickly wiped off: ASX closes the day 0.16% lower

14 Nov 2022 - All sectors except Materials and Energy are lower in today’s day of trading, as the ASX finishes 0.16 per cent or 11.70 points lower at 7146.30.

Market losing momentum, materials the saviour: ASX flat at noon

14 Nov 2022 - Last week’s gains have not continued with the same momentum this morning. Materials, up 3.4 per cent, is bolstering the local market following a rise in commodity pri…

Behind the market rally, Tesla may be struggling in China

14 Nov 2022 - The gyrations Elon Musk is engaging in at Twitter to save his US$44 billion investment appears to be far more important to stock market sentiment than the continuing …

Market surges to a five-month high after a shaky week: ASX up 2.68% at noon

11 Nov 2022 - The ASX has opened to a five-month high, as Information Technology surged by almost 5 per cent. Real Estate was the next best sector, closely followed by Consumer Dis…

Markets fly after CPI data: Crypto industry on the precipice

11 Nov 2022 - Stocks surged after October’s reading of consumer prices raised investor hopes that inflation has peaked.With today’s CPI number coming down, the market is now bettin…

The winning streak is over: ASX down 0.5% at close

10 Nov 2022 - Not even Utilities' mammoth efforts were enough to lift the ASX into the green, as the market finished the day 0.5 per cent lower.

Utilities holding up the market: ASX down 0.33% at noon

10 Nov 2022 - The Australian market has followed the negative lead from Wall Street overnight which saw US markets snapping their three-day rally, as investors digested the incomin…

US midterm election results hit markets as the red wave fails to materialise

10 Nov 2022 - All eyes were on the midterm US election results overnight as Joe Biden and the Democrats have avoided sweeping defeats but still risk losing control of Congress to t…

ASX at highest point since mid-September: Aus shares close up 0.58%

09 Nov 2022 - The Materials sector continued its impressive surge from lunchtime, closing 2.47 per cent higher. The next best sector was Real Estate, which finished 1.38 per cent h…

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