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Market Reports

US earnings poised for downgrades as strong $US bites

26 Jul 2022 - The strong dollar has wiped billions of dollars off the second-quarter sales of US companies, prompting many to cut their guidance for the remainder of the year.

ASX flat on the day as it awaits further direction from the US

25 Jul 2022 - Australian shares have struggled for momentum as gains in miners on the back of firm commodity prices countered losses in technology and financial stocks.

ASX edges lower in lacklustre trading: Aus shares down 0.1% at noon

25 Jul 2022 - The focus remains on the Fed's hiking path, with a 75 basis point rate hike priced in for this week. However, weakening economic momentum and corporate hiring freeze …

NASDAQ momentum snaps: Massive week ahead

25 Jul 2022 - If you think the last couple of weeks have seen a lot of news and action in financial markets, then have we got a BIG week ahead for you. There’s a Federal Reserve ra…

Subdued end to the week: Aus shares close 0.04% lower

22 Jul 2022 - At the closing bell, the S&P/ASX 200 was 0.04 per cent or 2.80 points lower at 6791.50. However, over the week, it closed 2.74% or 1856 points higher.

ASX trading flat after erasing early morning weakness

22 Jul 2022 - Real estate shares led the recovery with a 1 per cent gain, while tech companies climbed 0.9 per cent and financials eased 0.6 per cent higher. Energy was the day’s l…

Softer $US drives tech stocks higher: ECB raises rates in Europe

22 Jul 2022 - US equities were higher in fairly choppy Thursday trading, finishing slightly off their best levels. The $US dollar declined following a surprise interest rate hike f…

Tech and lithium stocks lead the charge: Aus shares close 0.5% higher

21 Jul 2022 - The lithium and green metals sector was on fire today, after electric vehicle maker Tesla beat profit expectations and forecast annual sales growth around 50 per cent…

Little change in mixed trading: Aus shares 0.05% lower at noon

21 Jul 2022 - Australian lithium and nickel companies are trading higher after Tesla's positive earnings update and also after lithium leader Albemarle led the sector higher yester…

Tech stocks push markets higher: Tesla reports after market

21 Jul 2022 - Stocks rose on Wednesday, fueled by a rally in tech stocks, as all major averages reached their highest point since early June.

ASX charges higher led by tech and miners: Aus shares close up 1.7%

20 Jul 2022 - The Australian sharemarket surged higher today, posting its biggest single-day gain in over three weeks. The S&P/ASX 200 was a sea of green with just a few companies …

Wall Street rally drives ASX higher, led by tech and financials: Aus shares up 1.7% at noon

20 Jul 2022 - Australian shares shot up 1.66% in morning trading, hitting a fresh three-week high, led by tech and financials. This followed a rally in US stocks overnight, driven …

Solid earnings and weaker $US fuel market rally: Lithium stocks leading the charge

20 Jul 2022 - US equities were sharply higher in Tuesday trading, ending near session high, as traders bet on strong corporate earnings reports and wagered that markets have found …

Tech losses outweigh gains in the energy sector: ASX drops 0.6%

19 Jul 2022 - The ASX closed lower in Tuesday trading trading following a slide on Wall Street overnight. The local market was volatile as declines in healthcare, technology, resou…

ASX trading lower, energy stocks surge as tech weighs

19 Jul 2022 - The ASX is trading lower this morning with most sectors lower led by tech, down 1.39 per cent. The best-performing sector is Energy, up 2.87 per cent.

US bank earnings point to no clear signs of recession: ASX to open flat

19 Jul 2022 - US equities were lower in Monday trading ending just off their worst levels after giving up morning strength and extending last week's gains. The market appears to be…

Positive start to week: Aus shares close 1.2% higher

18 Jul 2022 - Positive start to week: Aus shares close 1.2% higher. Information technology, materials and energy were the best-performing sectors.

ANZ off chasing the SUN: Aus shares 0.5% higher at noon

18 Jul 2022 - ANZ off chasing the SUN: Aus shares 0.5% higher at noon. Most sectors are in the black, with only Healthcare and Consumer Staples trailing behind.

Surging US dollar pushes risk into emerging markets: ASX set to rise

18 Jul 2022 - Continued US dollar strength could complicate the outlook for the economy and markets. Multiplying country cases of economic and financial instability can merge into …

China scares commodity investors: ASX closes 1.1% lower over the week

15 Jul 2022 - Australian stocks snapped a 3-day winning streak as a fall in the heavyweight miners offset gains from the defensive sectors. The materials sector tumbled for its 6th…

ASX snaps 3-day winning streak, miners weigh: Aus shares tumble 1.3% at noon

15 Jul 2022 - China’s soft economic growth in the 3-months ending in June missed consensus as rolling Covid-19 lockdowns weighed on the economy. Demand slowdown has pushed prices o…

Investment banks kick off US earnings season, Ford signs EV battery deal

15 Jul 2022 - The results from bank stocks raised further concerns that earnings estimates have perhaps risen too much in recent months. It now appears the market is finally concer…

Resources-led rally lifts ASX higher for 3rd day, closes up by 0.4%

14 Jul 2022 - Australian shares lifted for a 3rd straight day, propped up by resources stocks and the power from technology firms.

Lowest jobless rate since 1974, Resources sector rebounds: ASX up 0.3% at noon

14 Jul 2022 - Australia’s workforce continues to grow after employers added more jobs than economists expected in June, sending the unemployment rate to the lowest in 50 years.

Markets factor in record inflation data, All eyes on the oil price

14 Jul 2022 - The inflation data was pretty much factored into market prices, hence such a moot reaction by markets overnight, with Wednesday’s hot CPI reading also prompting quest…

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