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Market Reports

A sea of red in today's trading: ASX closes 1.84% lower

03 Nov 2022 - All but one sector finished lower today, as the ASX reacted to the overnight news that the Fed has increased rates by 75 basis points.

All red across the board following US rate hike sentiment: ASX down 1.96% at noon

03 Nov 2022 - US equities plunged after Fed Chair Jerome Powell indicated policymakers would continue raising interest rates to fight persistent inflation. Markets had initially so…

Markets reverse course on Fed's inflation narrative

03 Nov 2022 - Stocks fell on Wednesday after Federal Reserve Chair Jerome Powell said inflation was still too high and therefore the central bank has further to go in raising inter…

CBA follows NAB in raising lending rates following yesterday's hike: ASX closes 0.14% higher

02 Nov 2022 - Commonwealth Bank of Australia (ASX:CBA) today announced that it will raise its home loan variable interest rate by 25 basis points, in line with the RBA’s Melbourne …

Energy leading the market in the green: ASX up 0.32% at lunch

02 Nov 2022 - US markets turned negative overnight following job openings in September, which showed a resilient labour market and made investors brace for another likely 75 basis …

Amidst the gloom, oil stocks are reporting record profits

02 Nov 2022 - US equities finished mostly lower in Tuesday trading, as traders assessed better-than-expected economic data and prepared for another likely rate hike from the Federa…

ASX increases slightly ahead of today's interest rate rise: Aus shares 0.3% higher at noon

01 Nov 2022 - Last week’s rally for US equities ground to a halt overnight ahead of this week’s Federal Reserve decision on interest rates, as tech stocks weighed on the major inde…

US equities close lower, but post best month since 1976

01 Nov 2022 - Markets made a huge comeback in October. The Dow guided those gains and closed 14 per cent higher for the month. The 30-stock index had its best month since 1976 as i…

Strong finish despite tomorrows expected rate hike: ASX closes 1.15% higher

31 Oct 2022 - All eyes are on tomorrow's expected interest rate hike, with many predicting a 50 basis point rise. At the closing bell, the S&P/ASX 200 was 1.15 per cent or 77.80 po…

IT sector rallies to lift the market: ASX up 0.94% at noon

31 Oct 2022 - The local market has commenced the week in the green with the S&P/ASX 200 up 0.94 per cent or 63.70 points higher to 6,849.40 at noon. This comes off the back of US e…

Market rallies on Apple earnings: Twitter delisted post Musk takeover

31 Oct 2022 - US equities were sharply higher in Friday trading, ending near best levels as major averages capped off another week of big gains

US tech earnings weighing down Aus tech sector: ASX falls 0.62% at noon

28 Oct 2022 - Disappointing earnings from major US tech companies, including Meta, Apple and Amazon, has caused the Information Technology sector on the ASX to fall by 2.17 per cen…

Tech earnings slam Nasdaq

28 Oct 2022 - US equities ended mixed in Thursday trading, finishing near session lows. Meta shares plummeted on a weak fourth-quarter forecast and disappointing third-quarter ear…

ASX closes at highest point in six weeks: Aus shares up 0.50%

27 Oct 2022 - Led by energy and materials, at the closing bell, the S&P/ASX 200 was 0.50 per cent or 34.20 points higher at 6845.10.

US tech stocks fail to dampen local market: ASX up 0.71% at lunch

27 Oct 2022 - The three-day rally in US equities stalled as weaker-than-expected quarterly results from some popular tech stocks put a damper on market enthusiasm. The local market…

Tech giants fail to deliver on earnings: Biotechs finding support

27 Oct 2022 - The Nasdaq and S&P 500 slid Wednesday as traders assessed disappointing earnings from tech giants Microsoft and Alphabet. The swings in the major indexes reflect a “t…

Market unfazed by CPI data: ASX finishes 0.18% higher

26 Oct 2022 - CPI data from the September quarter has sharply exceeded estimates. As such, multiple banks have made predictions for the next rate rise.

Australian headline inflation hits highest in 32 years: ASX up 0.12% at noon

26 Oct 2022 - The S&P/ASX 200 posted gains this morning as sentiment from Wall Street overnight improved over the Fed potentially turning less aggressive, combined with a decline i…

Falling yields, slowing economic data and earnings supporting US markets

26 Oct 2022 - Stocks rose for another session Tuesday, a decline in yields contributed to the latest gain and new data for further clues into the health of the U.S. economy. It app…

Energy and Materials only sectors left lagging: ASX closes 0.28% higher

25 Oct 2022 - In today’s events, independent commission agency ASIC has launched legal action against BPS Financial, the company behind Gold Coast-based digital currency Qoin, clai…

Optimism out of the US boosts sentiment: ASX up 0.6% at noon

25 Oct 2022 - Positive gains in the local market have extended into a second day as optimism out of the US about corporate earnings ahead of several key tech reports boosted sentim…

Chinese stocks hammered across the globe

25 Oct 2022 - Behind the US market strength overnight, the real news in the markets this week was the Hong Kong market where shares faced a wave of selling after the conclusion of …

IT and Materials lead the way: ASX finishes 1.54% higher

24 Oct 2022 - All sectors finished in the green to start the week, with some big results from Australian electric vehicle companies. The ASX companies that were amongst the list of…

Monday morning rally: ASX up 1.73% at lunch

24 Oct 2022 - The Australian market is enjoying a solid start to the trading week after US equities snapped their two-day losing streak and posted solid gains on more strong corpor…

Markets rally as earnings seasons kicks off in the US

24 Oct 2022 - Stocks climbed on Friday as Wall Street closed a volatile week on a high note despite some disappointing earnings reports. The move comes ahead of two big weeks of ce…

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