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Market Reports

Is this just a bear market or are we headed towards recession?

23 May 2022 - With S&P500 touching official ‘bear market’ territory on Friday night, leading market experts are now starting to highlight the risk of a US recession in 2023. If tha…

ASX closes up 1.2%, buoyed by tech: Aus shares snap 4-week losing streak

20 May 2022 - The ASX ended the week on a high, bouncing back from Thursday’s losses as Aussie investors shrugged off declines on Wall Street ahead of the Federal election tomorrow…

ASX jumps 1.1% on Federal election fever, BHP & Novonix soars, defying inflation fears for now

20 May 2022 - The federal election may bolster the nation’s shares regardless of who wins, if history is a guide. The ASX 200 has risen in the three months following eight of the l…

S&P 500 on cusp of bear market, Credit Suisse's view on A2 Milk, APA Group on watch: ASX to dip

20 May 2022 - Wall St closed lower as global indexes posted declines on mounting recession concerns. Shares in China bucked the trend as hopes continue to grow on the easing of loc…

Recession fears trigger equities rout, leaving retailers in the dust: ASX closes 1.7% lower

19 May 2022 - More pain for investors as a wave of selling on recession and inflation fears exacerbated by profit misses from retail giants Target and Walmart hit US markets, with …

Jobless rate to 3.9%, Aristocrat jumps as retailers tumble, inflation haunts: ASX dives 1.5% at noon

19 May 2022 - Consumer staples and discretionary stocks are leading the dive on the Australian sharemarket, shrugging off the improved labour market, giving back 3 days of gains.

S&P 500 dives to its worst day since 2020, Super Retail, Wesfarmers, Healius on watch: ASX to plunge

19 May 2022 - Wall St had a market meltdown as several retail giants posted margin pressure from rising fuel, freight costs, and soaring inflation. Westpac trades ex-dividend today…

Miners lead ASX rally, Travel stocks lift: Aus shares finish 1% higher

18 May 2022 - Australian shares closed higher for a fourth day following an overnight rally on Wall Street. The local index held on to its gains during the afternoon session, while…

Wage print prompt concerns on 40bp rise, Sayona soars 22% in 3 days: ASX up 0.7% at noon

18 May 2022 - Australian shares are on track to continue its winning streak for its 4th straight day after taking a strong lead from Wall St. The local index trimmed back its gains…

Tech bulls emerge as S&P 500 jumps, Fortescue, Block, CBA, Flight Centre, AGL on watch: ASX to climb

18 May 2022 - Wall St roared as investors felt optimism on the news from China with no new Covid-19 cases for three days in Shanghai and several economic figures, indicating the st…

Energy glows as ASX lifts higher for 3rd straight day, closes 0.3% higher

17 May 2022 - Australian stocks posted its 3rd straight day of gains pushed higher by the index’s largest banks, miners, and energy stocks, notching its longest winning streak sinc…

RBA mulled on 40bp rate hike, AUD jumps to 70c, Havilah soars 82% on OZL deal: ASX up 0.3% at noon

17 May 2022 - The Aussie dollar jumped to a 70 handle, equities pared back gains, while treasury yields rose, following the release of the meeting minutes from the RBA after invest…

Tech rout sends mixed signs on Wall St, James Hardie, Graincorp, Brambles, AUD on watch: ASX to rise

17 May 2022 - Wall St lacked conviction after learning that China's extended lockdowns could ease, sending oil prices higher while they digested a raft of economic print, including…

China's economy slumps in April: ASX closes 0.3% higher

16 May 2022 - Australian shares struggled to maintain their early morning rally after China revealed that it had suffered an 11.1 per cent drop in retail sales during April, which …

Brambles soars on takeover talks, Macquarie falls: ASX up 0.5% at noon

16 May 2022 - The ASX has advanced this morning buoyed by a jump in Brambles (ASX:BXB) and tech shares. This comes after an optimistic finish on Wall Street, which saw a relief-ral…

Wall St gets lucky on Fri 13, Perpetual, Goodman Group, Brambles, Macquarie on watch: ASX to rise

16 May 2022 - Oversold conditions attracted dip buyers and investors searching for beaten down stocks after 5 brutal days, following the Fed's decision the prior week. Deep dive of…

Tech stocks lead Friday's rally: ASX down 1.8% over the week

13 May 2022 - The ASX closed lower for a fourth week despite a rally on Friday’s session thanks to information tech. Tech’s gains were much needed after yesterday’s 8.7% dive as in…

Tech bulls roar after savage fall, Block, BHP, Telstra pop: ASX jumps 1.5% at noon

13 May 2022 - Australian shares are on track to close the week lower for its fourth week despite a risk on mode lifted by information tech. A much welcomed reprieve after yesterday…

Wall St mixed, Crypto rebounds - why? Westpac, Macquarie on watch: ASX to open flat

13 May 2022 - Wall St closed mixed in another volatile session, following hot inflation figures in April for both consumers and producers. Deep dive on the Crypto collapse, featuri…

$25 billion loss as war, inflation, rate hikes hit markets: Aus shares close 1.8 per cent lower

12 May 2022 - $25 billion loss as war, inflation, rate hikes hit markets. The S&P/ASX 200 fell 1.8 per cent to 6,941 points on Thursday, the lowest closing level since late January…

Worrying three-week spiral: Aus shares 0.7 per cent lower at noon

12 May 2022 - Wednesday’s reprieve appears to have been fleeting for ASX investors, with the local sharemarket resuming a worrying three-week spiral. The benchmark ASX 200 fell by …

Tech stocks bare brunt of inflationary selling: ASX to fall

12 May 2022 - US stocks fell across the board as investors assessed persistent inflation after the consumer price Index rose by an annual rate of 8.3 per cent. Some analysts see th…

Healthcare leads, NAB drops on ex-div: ASX fights back, closes 0.2% higher

11 May 2022 - After a volatile session, the Australian sharemarket made a comeback in the afternoon and closed in positive territory despite a rough start to the day and week. This…

Tech drags, GrainCorp falls despite profit jump, Magellan names new CEO: ASX down 0.2% at noon

11 May 2022 - The ASX opened lower before easing back some losses at lunchtime despite tech, financials and energy stocks still weighing on the index. This comes after Wall Street …

Nasdaq jumps as Dow falls, Immutep, Antisense, Pushpay, AGL, Star on watch: ASX poised to open lower

11 May 2022 - Wall St closed mixed lifted by information tech and M&A news in the biotech sector as dip buyers emerge ahead of the next CPI print. Shanghai stocks bucked the trend …

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