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Market Reports

Defensive play emerges on renewed recession fears: ASX closes 1.1 lower

11 Jul 2022 - Investors turned defensive after recession fears emerged amid rising Covid cases in China. This comes ahead of a big week of economic news and input data that could r…

Energy surge can't chase away ASX blues, down 0.5% at noon

11 Jul 2022 - The fall in materials and information tech led the retreat on the Australian sharemarket as gains in energy and financial stocks weren’t enough to offset the decline.

All eyes on US earnings season this week, Musk walks from Twitter bid

11 Jul 2022 - With earnings season about to begin, the stock market could finally get its moment of truth. The S&P 500, after all, has dropped 18 per cent in 2022 and is mired in a…

ASX posts best week since March, up 2.1%

08 Jul 2022 - The ASX had its best week since mid-March as recession fears eased. Friday’s session was spent in positive territory thanks to strong gains in the resources space.

ASX climbs for 2nd day, up 0.8% at noon, spurred by resources and tech stocks

08 Jul 2022 - The Australian sharemarket has started on an optimistic note, with gains building for a second day. Hopes that the Federal Reserve can navigate a soft landing has spu…

Commodity prices in the spotlight as battle between inflation and recession plays out

08 Jul 2022 - The biggest trade in the market is being played out in commodities.

Tech snaps 4-day winning streak, Iron ore miners rebound: ASX closes 0.8% higher

07 Jul 2022 - Despite the materials sector leading the gains, the sector offset losses in industrials, information technology, property, and communication services, the main coal m…

Australia trade surplus hits record high, Chalice Mining soars on discovery: ASX up 0.2% at noon

07 Jul 2022 - Australian stocks have rebounded, lifted by the material sector. Gains in consumer staples and discretionary stocks have offset losses in information technology, whil…

Hedge funds positioned for commodity sell-off: Aus shares to open higher

07 Jul 2022 - Hedge funds appear to be ahead of the inflation commodity trade and have bet against commodities such as copper, silver, iron ore, sugar, wheat and steel since around…

Resources stocks weigh as recession fears grow: ASX closes 0.5% lower

06 Jul 2022 - Australian shares spent the afternoon in the red as commodity prices plunged on recession fears. The energy sector tumbled 5.8%, with materials down 5%. Real estate w…

Resources stocks weigh, BNPL stocks catch a bid on tech surge: ASX down 0.2% at noon

06 Jul 2022 - The Australian sharemarket has been choppy this morning in a zig-zag fashion. Information technology shares are leading the gains while resources stocks are lagging, …

Commodity prices take a beating: ASX set to fall

06 Jul 2022 - As oil prices dived on Tuesday, it seems that traders are now quickly taking off their inflationary positioning as a broad sell-off in commodities reflected fears tha…

RBA hikes cash rate by 50bp, Energy and tech gains: ASX closes 0.3% higher

05 Jul 2022 - Australian shares held on to their gains after the Reserve Bank of Australia reaffirmed its pledge to keep tightening monetary policy, joining other global central ba…

RBA lifts cash rate to 1.35%, ASX is up 0.6% led by energy stocks

05 Jul 2022 - The Reserve Bank of Australia has raised the official cash rate by 0.5% which was expected at its July meeting to 1.35%. This is the third meeting in a row where a ra…

All eyes on commodity prices as interest rate hikes bite: Aus shares to open flat

05 Jul 2022 - Looking ahead, investors are focusing on commodity pricing as a signal that rising rates may be having an immediate effect on commodities -- long considered the ideal…

Energy surges on Monday's session: ASX closes 1.1% higher

04 Jul 2022 - The ASX had a strong start to the week after all sectors finished Monday’s session in positive territory. Energy led the pack, up 2.6%, followed by real estate, consu…

Property sector leads broad-based rally: ASX jumps 1.1% at noon

04 Jul 2022 - The Australian sharemarket has jumped this morning in a broad-rally led by property, then communication services, healthcare and utilities. At noon, the S&P/ASX 200 i…

Analysts still bullish despite recession fears: Aus shares to open higher

04 Jul 2022 - Accelerated monetary policy tightening has doubled recession odds, says Morgan Stanley this week, noting that most economic models now suggest that the probability o…

Energy and miners drag ASX lower, down 0.6% over the week

01 Jul 2022 - The Australian sharemarket faded into the close, weighed down by US equity futures in a risk-off afternoon. The greenback rose against the Australian dollar, which h…

Mild gains as ASX starts new financial year, up 0.5% at noon

01 Jul 2022 - The Australian sharemarket has started the new financial year with a positive start after closing off its worst month since March 2020.

IPO market hit by market volatility, Bitcoin losses continue

01 Jul 2022 - In the IPO market rising interest rates, increased regulatory scrutiny and the stock market’s worst first half in 50 years are squeezing the IPO. market in a way that…

Worst day in 2-weeks on the ASX, falls 2%, down 10% for the FY22

30 Jun 2022 - The Australian sharemarket closed at session lows and had its worst day in two weeks in a broad-based rout.

Energy stocks retreat as ASX falls for 2nd day, down 0.8% at noon

30 Jun 2022 - The ASX 200 has fallen for a 2nd day and is on track to have its worst month since March 2020.

US consumers about to be hit hard

30 Jun 2022 - While housing does not account for a huge amount of economic output, it is a boom-bust industry that has historically played an outsize role in downturns. The sector …

ASX snaps four-day winning streak, closes 0.9% lower

29 Jun 2022 -The Australian sharemarket snapped its four-day winning streak although gains in energy, financials and consumer staples helped minimise the fall. At the closing bell,…

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