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Market Reports

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…

Mixed results for all sectors: ASX up 0.73% at lunch

09 Nov 2022 - The ASX opened slightly higher on gains from the US overnight. US markets finished higher as investors liked the idea of a divided government, because it will result …

US midterm elections results raise hope for an extended market rally: Crypto smashed

09 Nov 2022 - US equities were higher in choppy Tuesday afternoon trading, just off best levels as the market staged a late-afternoon rally. US midterm elections were the highlight…

Markets rally for three-day winning streak: ASX finishes 0.36% higher

08 Nov 2022 - All sectors except for Materials and Energy finished higher today, as the market rallied 0.36 per cent or 25.20 points higher to 6958.90.

Market awaits tomorrow's midterm elections: ASX up 0.44% at noon

08 Nov 2022 - US equities held on to a two-day winning streak ahead of tomorrow’s midterm elections and the government's latest report on consumer inflation, due Thursday. In local…

Markets focus on US midterm elections and Thursday's CPI data

08 Nov 2022 - Stocks rallied Monday as investors looked ahead to a packed week with congressional midterm elections and key inflation data on deck over the next few days, and shrug…

Materials leads market higher: ASX closes up 0.6%

07 Nov 2022 - Materials is the strongest sector by far in today’s trading. This was due to the initial possibility that China would begin to ease COVID restrictions. As such, BHP (…

Strict Chinese measures dampen market sentiment: ASX up 0.29% at lunch

07 Nov 2022 - US markets finished higher on Friday after a volatile session following the release of the October jobs report, which showed better-than-expected hiring, while the un…

Investors divided after nonfarm payroll numbers

07 Nov 2022 - Stocks rallied on Friday, but finished the week lower, as investors drew conflicting conclusions about what the latest payroll numbers mean for future Federal Reserve…

Market taking a breather after a volatile week: ASX flat at noon

04 Nov 2022 - The market has bounced off morning lows, to trade flat after a negative lead from Wall Street overnight. At noon, the S&P/ASX 200 is 0.07 per cent or 4.70 points lowe…

Energy sector remains the market's safe haven

04 Nov 2022 - US equities finished lower in Thursday trading, with the S&P 500 bouncing off its lowest morning levels, but trading in a narrow range through the afternoon before fa…

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 …

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