Daily Market Update

CSL continues to weigh on the Australian stock market The S&P/ASX 200 saw a minimal increase of just 2.6 basis points, closing at $7091. Out of the 11 industry sectors, six managed to finish in positive territory. The healthcare sector was a major drag, declining 4.5 percent, impacted by CSL which continued its downward trend, falling an astonishing 6.3…

The S&P/ASX 200 bounced back above the $7000 on Tuesday finishing 1 percent higher, boosted by a more cautious stance taken by US Federal Reserve members, and signs of easing inflation in Australia. This positive performance came after remarks from Federal Reserve Vice Chairman Philip Jefferson and Bank of Dallas President Lorie Logan suggested that the recent…

The S&P/ASX 200 finished up 0.2 percent on Monday, driven by energy and gold. This surge in energy and gold stocks was catalysed by a 4 percent rise in oil prices across the Asian region following a series of violent incursions by Hamas into Israel over the weekend. In response to this geopolitical turmoil, investors sought refuge…

The Australian share market finished higher on Friday ahead of the United States jobs report, with the benchmark S&P/ASX200 index gaining 28.7 points, or 0.4 per cent, to 6,954.2, while the broader All Ordinaries added 25.5 points, also 0.4 per cent, to 7,143.0. For the week, the S&P/ASX 200 fell 1.3 per cent, in its…

The Australian sharemarket rebounded from 11-month lows on Thursday, notching a small gain as markets braced for the official US jobs data on Friday night Australian time. The benchmark S&P/ASX 200 index gained 35.3 points, or 0.5 per cent, to 6,925, while the broader All Ordinaries index managed an identical 35.3-point, 0.5-per-cent rise, in its…

The Australian sharemarket closed at its lowest point in 11 months on Wednesday, hampered by a weak lead-in from Wall Street, and its interest-rate worries. The benchmark S&P/ASX 200 ended the session down 53.2 points, or 0.8 per cent, to 6890, its lowest close since November 3. Banks had a bad day, with the financials…

Share market feels the rates heat The Australia share market retreated to a six-month low on Tuesday, as global markets felt the pressure from surging bond yields – despite, in Australia’s case, the Reserve Bank leaving the official cash rate on hold at 4.1 per cent, for a fifth straight month. The benchmark S&P/ASX200 index…

It was relatively quiet on the ASX on Monday with traders eyeing the Reserve Bank of Australia’s latest interest-rate decision, to be announced today (and a public holiday in most states dampening activity further). The market slipped close to three-month lows with the benchmark S&P/ASX 200 index down 15.4 points, or 0.2 per cent, at…

 The S&P/ASX 200 Index closed lower -0.6 percent on Wednesday, primarily driven by a sell-off in materials and energy stocks. The energy sector suffered the most on Wednesday, finishing lower at -1.8 percent, moderating from its recent gains. Woodside, a major oil and gas company, saw a -2.2 percent drop to $37, while Santos slid -1.9 percent to…

The local share market fell for a second straight day on Tuesday, ahead of a flurry of central bank meetings, and following the release of a set of minutes from the Reserve Bank of Australia that were taken as implying that the local central bank is considered raising rates. With the US Federal Reserve’s policy…

The local share market started the week lower, ahead of the US Federal Reserve’s two-day policy meeting, which begins on Tuesday. The betting is that the Fed will not move on rates this week, but there is less consensus about what the Fed will do in November. The Open Market Committee hands down its rates…

A positive mood on Friday lifted the benchmark Australian index, the S&P/ASX 200, by 92.5 points, or 1.3 per cent, to 7,279 points, in its best day since July. That helped push the index to a 1.7 per cent rise for the week. The broader All Ordinaries rose 99.9 points, or 1.4 per cent, to…