Daily Market Update

The Australian share market took a positive lead from US markets into Thursday and was also buoyed by Asia-Pacific news and earnings results. The benchmark S&P/ASX200 index gained 50 points, or 0.7 per cent, to 7048.1, while the broader All Ordinaries was up 49.6 points, also 0.7 per cent, to 7291.9. The gains followed news of…

After a two-day drop caused by interest rate jitters in global markets before the Jackson Hole Economic Policy Symposium this weekend, the S&P/ASX 200 index ended Wednesday 36.3 points, or 0.5 per cent, higher at 6,998.1 points, while the broader S&P/ASX All Ordinaries Index gained 43.1 points, or 0.6 per cent, to 7,242.3. Earnings results…

With a nervous mood prominent in the markets ahead of the Federal Reserve symposium this week, and earnings results pouring in, it was a difficult session for the local market on Tuesday. The benchmark S&P/ASX200 index closed down 85.1 points, or 1.2 per cent, to a nearly three-week low of 6961.8, while the broader S&P/ASX…

The benchmark S&P/ASX200 index finished Monday down 67.6 points, or 0.9 per cent, to 7046.9, in its worst session since July 11, while the broader S&P/ASX All Ordinaries lost 71.5 points, or just under 1 per cent, to 7287.2. The market is in a state of flux as June 30 earnings results flood-in, and also ahead…

The local market brushed off a number of weaker earnings results to post the slimmest of gains, finishing 1.7 points higher on Friday. This took the S&P/ASX200 to a fifth straight weekly gain of 1.2 per cent with the market now less than 10 per cent off the multi-year highs reached in January this year….

The Australian share market has experienced a similar reporting season trend to global markets with the trend being towards much better than expected results and far less volatility than predicted. The S&P/ASX200 fell 0.2 per cent with energy and healthcare both gaining more than 1 per cent, but technology and utilities reversing once again. On…

The local market overcame a brisk selloff in giant healthcare group CSL (ASX: CSL) to post another 0.3 per cent gain. The consumer sectors were the key drivers, with staples and discretionary finishing 1.7 and 1.4 per cent higher respectively following Walmart’s strong report overnight. The property sector also benefitted from a strong report by…

The Australian share market is showing few signs of slowing down, delivering another positive day with a 0.6 per cent gain. Daily moves are being driven by a generally positive reporting season with the materials, up 1.7 per cent, the key winner alongside healthcare and consumer staples. Both energy and property retreated one per cent…

The local bourse opened the week on a positive note, gaining 0.5 per cent despite a more mixed day across the sectors. Energy and financials were the primary detractors falling 0.8 and 0.2, with reversals in Beach (ASX: BPT) and Bendigo Bank (ASX: BEN) which were down 11.1 and 8.4 per cent on weak updates….

The Australian market limped into the weekend, with the benchmark S&P/ASX200 index on Friday finishing down 38.5 points, or 0.54 per cent, to 7032.5, while the broader All Ordinaries lost 36.6 points, or 0.5 per cent, to 7288.8. The energy sector was the only shining light, up 2.3 per cent for its best day in almost…

Australian shares followed the US market higher on Thursday after the world’s largest economy reported easing inflationary pressures, helping to lower interest rate expectations. The benchmark S&P/ASX 200 gained 78.3 points, or 1.1 per cent, to close at 7,071 points, while the broader S&P/ASX All Ordinaries rose 86.7 points, or 1.2 per cent, to 7325.4 points. Most…

The local market gave up early gains to finish broadly flat on Thursday after a strong week in the market. Four sectors finished in the red, led by energy and materials, down 2.2 and 1.1 per cent respectively. The key driver has been growing concerns about a weakening in demand for oil and gas, a…