Daily Market Update

ASX closes 0.6% lower as NZ hikes interest rates

APRA takes action, CBA falls, GQG set to list The S&P/ASX200 (ASX: XJO) delivered another negative day falling 0.6% as concerns of ‘peak growth’ and stagflation continue to grow. Every sector barring technology and energy were lower, with the latter so far the standout

More »

ASX closes 0.4% lower: gold miners out-performing

RBA halts sell off, record trade surplus, gold rallies The S&P/ASX200 (ASX: XJO) staged a mid-session recovery finishing down just 0.4% after being as far as 1% lower. The selloff was broad-based in terms of sectors with eight of the 11 sectors finishing in

More »

ASX gains 1.3% in bank-driven rally

ASX rallies on COVID treatment, travel takes off, real estate boom The S&P/ASX200 (ASX: XJO) followed a strong global lead to finish 1.3% higher as investors digest Merck’s potential COVID-19 treatment. Positive news in the vaccine rollout following Prime Minister Morrison’s border opening last week meant the

More »

ASX drops 2 per cent as banks slide

Volatility returns, market drops 2.1%, banks lead sell off The S&P/ASX200 (ASX: XJO) finished Friday and the week down 2.1%, after recovering most of the week’s losses on Thursday. The selling pressure in the US flowed into the Australian session as investors remain fixated

More »

ASX storms home with gains of 1.9 per cent

ASX delivers best day in six months, buying the dip, iron ore rallies The S&P/ASX200 (ASX: XJO) finished what has been a difficult month on an extremely strong note, finishing 1.9% higher. This was the largest single day gain since November 2020, right

More »

ASX drops 1.1 per cent, global worries weigh on index

Sell off continues, bond yields spike, Smartgroup under offer The S&P/ASX200 (ASX: XJO) recovered during the session finishing 1.1% lower after falling as much as 1.5%. The weakness came from a negative global lead with long-term bond yields spurring investors to act on comparatively

More »

ASX falls 1.5 per cent, energy stocks soar

ASX falls 1.5%, Origin’s Octopus win, energy boom The S&P/ASX200 (ASX: XJO) fell another 1.5% on Tuesday as a spike in bond yields in the US and a lack of clarity on the US debt ceiling put markets into a tailspin. Every sector was

More »

ASX rises 0.6% as banks and energy stocks rise

Financial, travel push market higher, bidding war for Priceline owner The S&P/ASX200 followed a positive global lead to post a strong opening to the week, finishing 0.6% higher. Most sectors improved outside of the ‘defensives’ with healthcare, down 1%, and consumer staples underperforming. Globally, markets were

More »

ASX closes 0.4% lower as miners drag on the bourse

ASX falters, oil hits multi-year high, Domain’s record, central banks dominate The S&P/ASX200 (ASX: XJO) finished the week on a negative note, falling 0.4% dragged lower by the real estate sector, which fell 2.1%. The materials sector continued its recent weakness, down 1.3% behind another 1.7%

More »

ASX closes 1% higher as energy continues rise

Rally continues despite dividend drag, Premier profit doubles The S&P/ASX200 (ASX: XJO) continued its strong recovery adding another 1% on Thursday after the Federal Reserve committed to continue bond purchases until at least the end of the year. The strength was broad-based

More »

IN Partnership

Subscribe to our Newsletter

Insights for Advisers by Advisers

New on The Inside Adviser