The local share market managed a 0.9 per cent gain, taking it to a five month high on the back of another confirmation of falling price levels and inflation. The materials sector was the standout, prior to Rio Tinto (ASX:RIO) delivering a strong quarterly update, gaining 1.8 per cent, while financials also added 1.1 per…
News that the Chinese government was committed to supporting a slowing economy with economic stimulus were enough to drive both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) to a 0.5 per cent gain. Both the materials and energy sectors did all the heavy lifting, gaining 2.7 per cent and 1.2 per cent respectively. It was…
Weakness in the technology sector drove local shares lower on Friday, with the S&P/ASX200 (ASX:XJO) and All Ordinaries (ASX:XAO) both dropping 0.2 per cent on Friday. Despite this the 200 managed to finish the week in positive territory with a 0.2 per cent gain, driven by a recovery in the financial sector, up 2.7 per…
Positive earnings surprises continue to outweigh the negative, with the likes of Flight Centre (ASX:FLT) and Nuix (ASX:NXL) gaining strongly after offering updates to the market. The S&P/ASX200 (ASX:XJO) gained just 1 point, with the financials and technology sectors the key drivers, adding 0.4 per cent respectively. News that unemployment remained fixed at 3.5 per…
Investors and advisers have a tendency to extrapolate recent events into the future, and the last six months have shown how dangerous this can be. For those reviewing and building portfolios as the new financial year begins, five key issues should be front of mind.
Local markets were buoyed by an improving global economic backdrop and the flow through of some positive corporate results. The energy and financial sectors drove the market, adding 1.7 and 1.5 per cent respectively, with the former benefitting from an earnings upgrade from Ampol (ASX:ALD). Management now expect earnings of $800 million in the first…
Mixed messages from bond markets and the Reserve Bank sent both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) finishing 0.2 per cent lower. The property and industrial sectors sank by 1.6 and 1.2 per cent respectively after the release of the latest round of RBA minutes that suggested further rate hikes were likely despite clear…
Eight of the 11 key sectors of the Australian share market moved higher on Monday, led by industrial and consumer discretionary businesses, with both gaining 0.6 per cent. Despite the strength, weakness in the energy and materials sectors, down 0.8 per cent, pulled the S&P/ASX200 (ASX:XJO) five points lower for a negative start to the…
Falling inflation continued to drive the market higher on Friday with both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) gaining 0.8 per cent. The market was buoyed by a significant drop in bond yields, which benefited the technology and communication sectors, both adding 1.7 per cent, with Block (ASX:SQ2) gaining 5.2 per cent on the…
The Australian market followed a strong US lead, with both the S&P/ASX200 (ASX:XJO) and All Ordinaries (ASX:XAO) jumping more than 1.6 per cent on Thursday. It was all about the continued march lower of US inflation, which bodes well for the rest of the world, with headline inflation falling to 3 per cent in June….
