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Market Reports

ASX down 0.18% as oil prices fall

07 Dec 2023 - Energy stocks on the ASX are down over 2% as a result of a 4.1% drop in US oil prices, which fell below $70 per barrel, despite a 4.63 million barrel decrease in US c…

US stocks choppy as data shows drop in labour costs

07 Dec 2023 - US stocks wavered on Wednesday as investors assessed data indicating falling inflation, while the jobs report loomed.

ASX closes 1.7% higher in its largest one-day rally in over a year

06 Dec 2023 - On Wednesday, the Australian sharemarket experienced its largest one-day rally in over a year, with the benchmark S&P/ASX 200 index surging 1.7% to 7178.4 points, dri…

ASX up 0.84% at midday as GDP grows 0.2%

06 Dec 2023 - Australia's GDP growth in the third quarter was 0.2%, falling short of the market consensus of 0.4%, with a year-on-year expansion of 2.1%, in line with the previous …

Wall Street's recent rally fades

06 Dec 2023 - The Dow Jones Industrial Average and the S&P 500 slid on Tuesday as a recent rally on Wall Street lost steam.

ASX experience their most significant single-day drop in over a month to close 0.89% lower

05 Dec 2023 - Australian shares experienced their most significant single-day drop in over a month on Tuesday, reflecting a change in trader sentiment after a robust November rally…

ASX down 0.89% at noon ahead of RBA decision

05 Dec 2023 - Australian shares are declining at midday, with mining and tech stocks leading the downturn, ahead of the Reserve Bank of Australia's final rate decision for the year…

Nasdaq sees megacap and AI stocks decline

05 Dec 2023 - Stocks slipped on Monday as investors questioned whether the market was getting ahead of itself following five straight winning weeks.

ASX closes 0.7% higher driven by investor optimism

04 Dec 2023 - The Australian sharemarket experienced a positive uptick on Monday with nine of its eleven sectors showing gains, driven by investor optimism amid expectations that g…

ASX up 1.28% at noon following speculation that global central banks have concluded raising rates

04 Dec 2023 - At noon, the S&P/ASX 200 is 1.28 per cent higher at 7,163.40, following the upward movement seen on Wall Street.

S&P500 continues its November rally

04 Dec 2023 - The S&P 500 soared to a closing high for 2023 on Friday, extending November’s rally into the new month.

ASX down 0.61% at noon as IT dips 1.64%

01 Dec 2023 - Tech stocks have fallen by 1.5%, while energy stocks remained flat despite a drop in oil prices following OPEC+ output cuts. The market also awaited key manufacturing…

Dow Jones surges on Salesforce earnings and lower inflation

01 Dec 2023 - The Dow Jones Industrial Average rallied Thursday to a new high for the year, as more cooling inflation data and strong Salesforce earnings capped the benchmark’s bes…

ASX closes 0.74% higher as bond yields decline

30 Nov 2023 - On Thursday, the Australian stock market made significant progress, driven by strong increases in cyclical stocks. This surge was fueled by a continued decline in bon…

ASX down 0.04% as REITS tumble 1.5%

30 Nov 2023 - Bond yields in the US continue to drop, leading to increased speculation that interest rate cuts may happen sooner than anticipated.

US stocks on track for biggest monthly gain in 2023

30 Nov 2023 - The S&P 500 and the Dow Jones Industrial Average ended Wednesday near the flat line, but the major averages remain on track for their biggest monthly gain in 2023.

Gains in interest rate-sensitive stocks cause ASX to close 0.29% higher

29 Nov 2023 - Australian shares rose on Wednesday, primarily driven by gains in interest rate-sensitive stocks, responding to signs of progress in the Reserve Bank's efforts to com…

ASX up 0.48% at noon as CPI grows by 4.9%

29 Nov 2023 - Australia's Consumer Price Index (CPI) grew by 4.9 percent in annual terms in October, falling short of analysts' consensus of 5.2 percent.

US stocks rise after optimistic comments from the Fed

29 Nov 2023 - Stocks rose Tuesday, resuming their November rally, as comments from a Federal Reserve official raised hope that the central bank may not need to raise interest rates…

ASX closes 0.39% higher due to gains in REITs and gold

28 Nov 2023 - Shares rebounded on Tuesday due to gains in real estate and gold, while the Australian dollar reached a four-month high amid expectations of prolonged high borrowing …

ASX up 0.72% at noon: Retail sales in October decline by 0.2%

28 Nov 2023 - Retail sales in October declined by 0.2% compared to September, falling short of the expected 0.1% increase, indicating that rising borrowing costs and elevated infla…

Dow falls as Cyber Monday stocks rise

28 Nov 2023 - The Dow Jones Industrial Average fell on Monday, as traders took a breather after the major averages posted a four-week winning streak.

ASX closes 0.76% lower as commodity stocks experience sell-off

27 Nov 2023 - The Australian sharemarket experienced a decline on Monday due to a sell-off in commodity stocks, primarily driven by a drop in the value of iron ore.

Afternoon update: ASX down 0.44% as OPEC+ considers increasing production cuts

27 Nov 2023 - The S&P/ASX 200 is trading 0.44 per cent lower at 7,009.50.

ASX down 0.15% at midday as iron ore prices dip

27 Nov 2023 - The Australian sharemarket experienced a noon decline with the S&P/ASX 200 index slipping 0.15% due to losses in commodity stocks, particularly in the materials secto…