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The Australian sharemarket looked to be succumbing to overseas weakness on Monday, falling as far as 0.7 per cent before rebounding in the afternoon, to gain 0.2 per cent for the session. On what was a massive day for reporting season all eyes were on Russia, with the US and Russia agreeing to talks in part…

Surges from CSL and BHP powered the Australian sharemarket to a three-week high on Thursday – but the market is likely to struggle today following overnight falls in the US. Australia’s benchmark S&P/ASX 200 Index gained 11.3 points, or 0.2%, to 7296.2, its highest level since January 20. The healthcare sector led the rise, up just under 3%, led by CSL, which saw…

Healthy earnings results from the likes of CSL, Treasury Wine Estates and Pro Medicus helped to push the Australian sharemarket higher on Wednesday, offsetting losses from the major resource stocks as iron ore and oil prices fell. The benchmark S&P/ASX 200 Index gained 78 points, or 1.1%, to 7284.9, following a strong lead from Wall Street on Tuesday night,…

Tuesday’s market highlight came before the opening, when diversified miner BHP reported a bumper half-year result. Strong commodity prices – in particular, record iron ore and coking (steelmaking) coal prices, and buoyant copper prices – enabled BHP to pay a record interim dividend for the third straight year. Revenue rose by 27%, to US$30.5 billion ($42.7 billion), while underlying…

The Australian sharemarket pushed higher on Monday, led by the resources stocks, as petroleum producers gained on fears of an imminent Russian invasion of Ukraine and gold miners rose on the back of gold’s traditional role as a safe-haven asset in times of geo-political stress. The S&P/ASX 200 Index rose 26.6 points, or 0.4%, to 7243.9 points,…

A promising February on the Australian ran into a roadblock on Friday, with the benchmark S&P/ASX 200 Index surrendering 71.2 points on the day, or 1.0 per cent, to 7217.3 points. While that was the biggest loss in more than two weeks, the index was still up 1.4% for the week, in its second straight rising week. Ten…

The S&P/ASX200 continued a recent strong run gaining another 1.1% on Wednesday with Commonwealth Bank (ASX: CBA) a key contributor. The financial and technology sector are seeing strong support as earnings season steps up another gear, they gained 2.6 and 4.2% respectively. In an about-face from recent weeks, the energy and material sectors underperformed after BHP (ASX: BHP) fell due to another warning…

The S&P/ASX200 recovered the ground lost on Monday, increasing 1.1% on Tuesday as the iron ore price showed no signs of slowing down. Having oscillated between a new commodity supercycle and a bear market, a resumption of steel production supported a 2.2% jump in the materials sector and 3.7% for BHP Group (ASX: BHP). Every other sector was higher barring technology, which fell…

The S&P/ASX200 managed a solid fightback during the session falling as much as 1% at the open but finishing down just 0.1% for the day. There were only three sectors higher, being energy, materials and technology gaining 1.6, 0.8 and 0.6% respectively, whilst the healthcare and real estate sectors both fell 1.3%. Among the largest drags on the market, today was ANZ Banking Group (ASX: ANZ)…

The S&P/ASX200 looked beyond the sharp selloff in technology stocks overnight to post a 0.6% gain on Friday. The result was broad-based with almost every sector higher, with materials, energy and technology all finishing over 1% in the black. This came despite Meta’s massive selloff in the US session. Boral (ASX: BLD) shares fell 41.8%, representing the amount of the capital return and special…