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Market Reports

US stocks rally on better than expected consumer confidence data

22 Dec 2022 - Stocks jumped Wednesday, rising for a second day, after upbeat earnings reports from two bellwethers raised hopes that corporate earnings may be better than feared ev…

Most sectors in the green: ASX closes 1.29% higher

21 Dec 2022 - The ASX has rebounded sharply following yesterday’s gains. The stars of the day were Real Estate, Utilities, Energy and Materials, all closing up by more than 2 per c…

ASX bounces back after a five-week low: Aus shares 1.42% higher at noon

21 Dec 2022 - At noon, the S&P/ASX 200 is 1.42 per cent or 99.50 points higher at 7,123.80. The news comes after stocks rose overnight on Wall Street, after the US markets were abl…

Markets flat but trillion dollar losses for 5 tech stocks this year

21 Dec 2022 - Stocks rose Tuesday as Wall Street shook off a surprise move from the Bank of Japan that sent global bond yields up. It’s been a rough year for stocks, from the marke…

ASX falls to a five-week low: Aus shares close 1.47% lower

20 Dec 2022 - The ASX has fallen 1.47 per cent or 105 points at the closing bell, coinciding with surprising news coming out of Japan.

All sectors lower: ASX down 0.74% at noon

20 Dec 2022 - The ASX is currently sitting at a 5-week low, amidst many large international central banks' plans to remain firm on continuing their plans to slow down inflation. Th…

Markets fall on recession fears as Musk votes himself out of Twitter

20 Dec 2022 - Stocks fell Monday as recession fears mounted and investors worried time is running out for a year-end rally. The Federal Reserve, European Central Bank and the Bank …

Oil advances whilst the ASX finishes lower: Aus shares down 0.21%

19 Dec 2022 - The price of oil has opened higher to start the week after China has pledged to abandon their zero-COVID policy and the US has stated that it will begin replenishing …

US recession fears: ASX down 0.2% at noon

19 Dec 2022 - US markets fell lower over the weekend, with the Federal Reserve's continual rising of interest rates adding to fears that a recession is coming.

Persistent wage inflation sparks fears of recession

19 Dec 2022 - Stocks dropped Friday, building on their year-end sell-off, as fears grow over a recession taking place as the Federal Reserve continues raising rates. Market observe…

ASX 0.66% lower at noon after a tumultuous week of trading

16 Dec 2022 - All sectors, besides Energy and Materials are lower. The he S&P/ASX 200 is 0.66 per cent or 48 points lower at 7,157.00.

Retail sales point to recession fears: Goldman Sachs expects commodities to outperform

16 Dec 2022 - Stocks fell sharply Thursday after new data showed retail sales fell more than expected in November, raising fears that the Federal Reserve’s relentless interest rate…

Lithium stocks dive: ASX closes 0.64% lower

15 Dec 2022 - The overnight Federal Reserve interest rate hike, coupled with peak lithium prices, have created a sell-off in the lithium sector.

ASX falls following the Fed's rate hike: ASX down 0.2% at noon

15 Dec 2022 - Overnight, The Federal Reserve has raised interest rates by 0.5 per cent to its highest level in 15 years, highlighting that the fight against inflation is not over d…

Markets slid as Rio Tinto targets lithium

15 Dec 2022 - Stocks slid Wednesday as the Fed delivered a widely-anticipated 50 basis point rate hike at the conclusion of its December policy meeting. And Tesla shareholders are …

All sectors close higher: ASX up 0.67%

14 Dec 2022 - Utilities, Information Technology, and Energy were today’s stars of the show, as the S&P/ASX 200 finished 0.67 per cent or 48 points higher at 7,251.30.

ASX opens higher after falling inflation data: ASX up 0.03% at noon

14 Dec 2022 - The US consumer price inflation data was released in the US overnight, with results showing that inflation has eased more than expected in November to its lowest poin…

Falling inflation data supports market rally

14 Dec 2022 - Stocks rose Tuesday after the release of new US inflation data, while traders awaited a key Federal Reserve policy decision. Overnight US consumer price inflation eas…

All eyes await tomorrow's US CPI data: ASX closes 0.31% higher

13 Dec 2022 - Big gains from Industrials, Financials and Information Technology caused the ASX to close 0.31 per cent higher in today’s trading.

FTX founder arrested in the Bahamas: ASX up 0.65% at lunch

13 Dec 2022 - The local market has bounced back this morning, following a positive lead from Wall Street overnight, with investors looking ahead to the highly anticipated Federal R…

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…

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