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Surprisingly high inflation data stopped the Australian market from consolidating early gains on Wednesday, turning the day into a stalemate in terms of the indices. The benchmark S&P/ASX 200 closed 2.6 points lower, at 6,854, losing early gains. The broader All Ordinaries index, however, managed a 0.7-point gain, to 7,046. Australia’s headline consumer price index…

It was a bounce-back session from the miners on the ASX on Tuesday, which helped the market gauges elevate slightly. The benchmark S&P/ASX 200 index added 12.8 points, or 0.2 per cent, to 6,856, while the broader All Ordinaries index gained 15.6 points, or 0.2 per cent, to 7,045. The heavyweight mining sector was the…

The Australian stock market has given up all of the gains that it had made in 2023, with the benchmark S&P/ASX 200 losing 56.6 points, or 0.8 per cent, on Monday to 6,844.1, with resources weakness the major culprit. That puts the index in the red by 2.8 per cent for the year. The broader…

The local share market snapped its losing streak, with both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) gaining 0.4 per cent on a settling of bond yields and the latest Reserve Bank meeting minutes. According to the new governor, the board had considered raising and now sees November as a ‘live’ meeting with the potential…

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…

 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…

A tech slide dragged the ASX indices lower on Wednesday, ahead of the US inflation data coming in overnight. Consensus expectations were for the US headline consumer price index (CPI) to show core inflation at 3.6 per cent for the year to August, up from 3.2 per cent a month ago – a significant rise….

The Australian share market moved higher on Tuesday, as investors assessed conflicting data releases, one showing weakening consumer sentiment but the other indicating business conditions improving. The benchmark S&P/ASX200 index managed to finish 14.6 points, or 0.2 per cent, higher at 7206.9, with the broader All Ordinaries index tracking that rise in percentage terms, adding…

The S&P/ASX 200 finished the day higher, up 0.5 percent after initially falling by 0.2 percent earlier in the trading session. The broader All Ordinaries also rose by 0.4 percent. On Monday, the Australian stock market rebounded from earlier losses, breaking a four-day losing streak. This recovery was attributed in part to a strong performance by iron ore mining…

  Both benchmarks weakened into the close, as both the S&P/ASX200 (ASX:XJO) and All Ordinaries (ASX:XAO) fell 0.2 per cent on Friday. The weakness was driven by the materials sector, which fell 1 per cent, driven lower by BHP (ASX:BHP) and Fortescue (ASX:FMG), down 1.2 and 2.4 per cent. The highlight was the utilities sector…