Investment
Daily Australian and global market wrap covering equities, bonds, currencies, and the news driving investor sentiment.
Local market gains on earnings, Tassal gets a bid, BWX slumps
The local market managed to deliver another strong day, the S&P/ASX200 finishing 0.9 per cent higher. Five sectors were lower, albeit only slightly, with...
Market buoyed by Wall Street, gold stocks tank, OZ Minerals downgrade
A positive lead from Wall Street, in which bad news on the economy became good news for stocks, resulted in the ASX gaining 1.9 per cent to begin the week....
ASX snaps losing streak, Qantas cuts debt, Vulcan surges on big deal
The local market has reversed two straight weeks of losses, posting a 0.8 per cent gain on Friday which took the S&P/ASX200 to a weekly gain of 1.6 per...
Market overcomes lithium rout, Lake Resources continues to tank, property outperforms
The selloff in lithium stocks has returned once again, with the likes of Pilbara (ASX: PLS) and Liontown (ASX: LTR) pushing the commodities sector to a 1.5 per...
Market struggles to maintain gains, Crown Sydney approved, coal remains in focus
The positive sentiment couldn’t be maintained on Wednesday with weakness in the technology and financial sectors sending a 0.5 per cent gain to a 0.2 per...
Markets weaken on threat of recession, commodities, energy tank, Vicinity upgrades
The local market open on an unexpectedly positive tone but ultimately finished 0.6 per cent lower as commodity and energy prices fell across the board. The...
ASX caps worst week in two years, Humm deal off, oil falls
The local market capped its worst week since March 2020 falling 1.8 per cent on Friday and dragging the S&P/ASX200 down 6.6 per cent for the week. This...
ASX sinks to another loss, Link tanks on competition concerns, NZ contracts
Australian shares were as much as 1.1 per cent higher during Thursday’s session following the Federal Reserve decision to hike interest rates by 0.75 per...
Markets suffer worst drop since pandemic began, ASX enters correction, Polynovo a rare winner
Anyone keeping up with the news overnight is aware of the headlines. $88 billion lost in a single day, market crumbles, stocks tank; there will be no lack of...
ASX falls in worst week since 2020, Atlas bid, Douglass returns
The local market was pushed lower by the global turnaround in interest rates with the S&P/ASX200 falling 1.3 per cent to finish the week. Every sector was...
Banks lead market lower
The struggles of the big banks and mortgage lenders in the wake of this week’s rate rise continued on Thursday, with the financials sub-index losing 2.2...