Daily Market Update

It was a reasonably slow down for market-moving news on the sharemarket, with both the All Ordinaries (ASX:XAO) and S&P/ASX200 finishing 0.2 per cent higher on the back of 7 of the eleven sectors improving. The key driver was the passing of the negotiated debt ceiling deal through the House of Representatives in the US,…

The local sharemarket was dragged lower by the energy sector, which fell 2.5 per cent, sending the All Ordinaries (ASX:XAO) down 1.5 and the S&P/ASX200 (ASX:XJO) down 1.6 per cent. The driver was continued weakness in the price of coal and other energy sources, with Newcastle coal prices falling another 4 per cent on Wednesday,…

The local sharemarket paused for breath on Tuesday, with both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) falling 0.1 per cent. The property sector was the biggest detractor, down 0.9 per cent behind the likes of Charter Hall (ASX:CHC) which fell 2.2 per cent. Shares in popular uranium miner Paladin (ASX:PDN) tanked by close to…

Both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) finished stronger on Monday, up 0.8 and 0.9 per cent, buoyed by an impending approval of an extension to the debt ceiling in the US. Real estate gained 1.9 per cent and financials 1.2 per cent, as bond yields fell amid a surge in confidence. The materials…

Like all markets, the Australian stock exchange is refusing to make any substantial move until clarity comes from the negotiations in Washington over the looming US debt ceiling breach. On Tuesday the benchmark S&P/ASX200 index finished down 3.4 points at 7,259.9, while the broader All Ordinaries index dropped 3.3 points to 7,447.4. A positive trading…

The Australian share market gave up a small amount of ground on Monday, amid ongoing negotiations on raising the US debt ceiling and avoiding a potentially catastrophic default. The benchmark S&P/ASX 200 index finished down 16.2 points, or 0.22 per cent, at 7,263.3, while the broader All Ordinaries index walked back 20.8 points, or 0.28…

The local sharemarket (ASX:XJO) finished 0.6 per cent higher on Friday, buoyed by a near 6 per cent gain in Xero (ASX:XRO) which pushed the technology sector 2.2 per cent higher. The financial sector also performed strongly, gaining 1.5 per cent, on the back of another surge in insurance companies including Insurance Australia Group (ASX:IAG)….

The local market (ASX:XJO) managed a strong gain on Thursday, finishing 0.5 per cent higher, on news that the unemployment rate had jumped to 3.7 per cent from 3.5 per cent. This is the first evidence of a slowing economy under the weight of surging interest rates and saw the technology sector boosted by 2.9…

Global share markets are transfixed by the latest US debt ceiling crisis, and the Australian bourse is just like all of them – very much in wait-and-see mode. The S&P/ASX 200 index ended 35.5 points, or 0.5 per cent lower, at 7,199.2, after falling as much as 1.1 per cent, while the broader All Ordinaries…

The Australian sharemarket finished lower on Tuesday as investors digested the prospect of further tightening by the Reserve Bank, after the minutes of the central bank’s latest meeting mentioned the possibility of rate “increases,” with any potential move depending on how the economy and inflation pan out. Markets also assessed weaker-than-expected economic data from China,…

There was not much change in the major share market indices on Monday, but they did end in the green; the benchmark S&P/ASX 200 index regained a small loss in the morning to close up 10.4 points, or 0.1 per cent, at 7267.1 points; while the broader All Ordinaries index gained 7.3 points, or 0.1…

Despite four straight losing days, the Australian share market’s benchmark S&P/ASX 200 index finished in the black for the week of 8—12 May, with a 0.8 per cent gain on Monday doing all of the heavy lifting for an eventual 0.5 per cent weekly rise. The benchmark S&P/ASX200 index on Friday closed 4.8 points lower…