Finance News Network

News by Paul Sanger

Paul Sanger

BNPL sector on fire: Aus shares close 0.23% higher

27 Jul 2022 - Australian Q2 headline inflation came in at 1.8% q/q, below consensus of 1.9% and Q1's 2.1%. Inflation also missed on a y/y basis, coming in at 6.1% vs consensus of 6…

Edging lower after flat opening: Aus shares down 0.03% at noon

27 Jul 2022 - June quarter inflation shows 6.1pc increase over the past year, the highest level since 2001. The impacts of an energy price spike, supply chain bottlenecks and workf…

Stocks of the Hour: Cobre, Silver Lake Resources, BetMakers Technology Group

27 Jul 2022 - A snapshot of the stocks on the move featuring Cobre (ASX:CBE), Silver Lake Resources (ASX:SLR) and BetMakers Technology Group (ASX:BET).

Energy, miners and BNPL shares lead the way: Aus shares close 0.3% higher

26 Jul 2022 - The S&P/ASX 200 closed marginally higher on Tuesday in a reasonably quiet trading session as investors prepare themselves for the busiest week of corporate earnings i…

ASX in a holding pattern: Aus shares 0.2% higher at noon

26 Jul 2022 - The S&P/ASX 200 traded flat by midday in Sydney as traders prepared themselves for the busiest week of corporate earnings in the US, Thursday’s Federal Reserve meetin…

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 …

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…

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…

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 …

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.

ASX firmly posts fourth consecutive day of gains: Aus shares close 0.9% higher

28 Jun 2022 - The Australian share market has closed higher in Tuesday trading, extending momentum from the previous session on the back of gains in energy, mining and utility stoc…

Listless session on Wall Street: Aus shares 0.2% higher at noon

28 Jun 2022 - Australian shares have managed a small gain in a very quiet trading session on Tuesday following a listless Monday session on Wall Street. Bond markets are mixed with…

ASX tumbles 3.6% to close at 16-month low

14 Jun 2022 - The Australian sharemarket has suffered its worst losses in over two years, obliterating $82bn of market capitalisation off the ASX 200.

Wall Street carnage hits ASX: Aus shares 4.9% lower at noon

14 Jun 2022 - The local stock exchange has plunged in early trading, playing catch-up to a brutal sell-off on Wall Street as a holiday-shortened trading week kicked off.

$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 …

CBA announces $2.3b March quarter profit while warning of margin pressure

12 May 2022 - The Commonwealth Bank generated $2.3 billion in net profit after tax in the March quarter despite income easing 1 per cent. This reflected “continued margin pressure”…

Crypto-linked ETFs to start trading

12 May 2022 - Cryptocurrency-linked exchange-traded funds ETFS 21Shares Bitcoin ETF (EBTC) and ETFS 21Shares Ethereum ETF (EETH) will start trading on the Cboe Australia exchange p…