ASX down 0.78%: UK higher than expected inflation data and US retail sales figures
ASX falls due to the impact of UK inflation figures and US retail sales data, which prompted traders to reduce their expectations for interest rate cuts.
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S&P500 falls after retail sales data for December comes in better than expected
Stocks fell Wednesday as Treasury yields tracked higher following the release of stronger-than-expected U.S. economic data.
Read MoreASX closes 0.3% lower: China economic data disappoints
The Australian sharemarket experienced a decline on Wednesday, mainly due to disappointing economic data from China and revised expectations regarding US interest rates.
Read MoreASX down 0.1%: Interest rate-sensitive real estate stocks
Australian shares started the trading day on a decline, influenced by the negative trend in Wall Street due to comments from US Federal Reserve policymaker Christopher Waller opposing expectations of an imminent interest rate cut.
Read MoreS&P500 falls as major US banks report earnings
The Dow Jones Industrial Average fell on Tuesday as rates ticked higher and Wall Street pored through the latest batch of fourth quarter earnings.
Read MoreASX closes 1.1% lower to hit a four-week low
On Tuesday, the Australian sharemarket experienced a significant decline, reaching a four-week low, as risk-off sentiment swept across all sectors, resulting in the S&P/ASX 200 dropping 1.1% to 7414.8 points, its lowest level since mid-December, mirroring the decline in the All Ordinaries index.
Read MoreUranium’s upside skew: Analysts bullish on uranium market
Global investment firm Morgan Stanley & Co. International plc+ has released a new report highlighting the bullish outlook for the uranium market.
Read MoreASX closes flat: Energy surges over 2%
Aus shares closed flat, while Santos' NT gas project received the green light. Super Retail rallied on on a $2 billion sales update.
Read MoreASX down 0.08%: Energy is leading sectors
Australian shares are trading lower ahead of Wall Street being closed for Martin Luther King Day.
Read MoreDow records decline following initial wave of fourth quarter earnings report
The Dow Jones industrial Average slipped Friday as traders parsed through the first batch of fourth-quarter earnings and digested the second in a pair of closely watched inflation reports this week.
Read MoreASX down 0.04% at noon: Oil prices surge
Oil prices surged after the US and UK conducted airstrikes on Houthi rebel targets in Yemen in response to the group's attacks on ships in the Red Sea.
Read MoreStocks of the Hour: Syrah Resources, DigitalX, Alma Metals
A snapshot of the stocks on the move, featuring Syrah Resources, DigitalX and Alma Metals.
Read MoreUptick in US CPI data weighs on markets
Stocks moved lower Thursday, shrugging off a fresh round of inflation data that reflected an uptick in consumer prices for December.
Read MoreASX closes 0.5% higher: 8 out of 11 sectors advance
On Thursday, shares in the Australian stock market rose, with the S&P/ASX 200 gaining 0.5%, driven by a tech rally on Wall Street and the approval of bitcoin exchange-traded funds in the US.
Read MoreAfternoon update: ASX up 0.5%, Bitcoin ETFs approved in US
Australian shares are up 0.5 per cent by mid-afternoon, boosted by Wall Street's mega-cap tech stock rally and the approval of US bitcoin exchange-traded funds.
Read MoreCrypto prices soar as SEC approves spot Bitcoin ETFs
In a major development for the cryptocurrency market, Bitcoin surged past $47,000, and Ethereum jumped over 10% in value after receiving regulatory approval from the United States Securities and Exchange Commission (SEC) to launch spot bitcoin exchange-traded funds (ETFs). This decision is expected to unlock billions of dollars in inflows into the world's largest digital currency.
Read MoreASX up 0.4%: Bitcoin surges after SEC approvals
Bitcoin surged past US$47,000, and Ethereum saw a more than 10% increase following the approval of spot bitcoin exchange-traded funds (ETFs) by US regulators.
Read MoreStocks of the Hour: Norfolk Metals, Aspire Mining, Lumos Diagnostics
A snapshot of the stocks on the move, featuring Norfolk Metals, Aspire Mining and Lumos Diagnostics.
Read MoreUS market pushes higher as investors prepare for inflation data
US stocks traded higher Wednesday, with investors awaiting the release of fresh US inflation data and earnings tomorrow.
Read MoreASX closes 0.7% lower: Inflation data suggests RBA may maintain cash rate in Feb
The Australian sharemarket experienced a decline, driven by falls among mining companies despite a cooler-than-expected inflation gauge. The S&P/ASX 200 dropped 0.7% to 7468 points, with the All Ordinaries following a similar trend. The benchmark index had fallen in five of the last six sessions, resulting in a 1.6% decrease since the start of the year.
Read MoreAfternoon update: ASX down 0.55% as inflation cools in November
Australian shares are down 0.55 per cent by mid afternoon following a weak Wall Street performance and lower-than-expected November inflation.
Read MoreStocks of the Hour: Gladiator Resources, Kali Metals, Emyria
A snapshot of the stocks on the move, featuring Gladiator Resources, Kali Metals and Emyria.
Read MoreASX down 0.16% at noon: inflation in Australia decreased to 4.3% in November
In November, inflation in Australia decreased to 4.3%, which was lower than the expected 4.4%, marking a crucial economic data point that will influence the Reserve Bank's upcoming monetary policy decision in February.
Read MoreTech stocks lift amidst early 2024 challenges
The S&P 500 trimmed an earlier decline Tuesday, boosted by tech shares, as Wall Street looked to regain its footing after a tough start to 2024.
Read MoreASX closes 0.9% higher: Tech sector surges
Australian shares surged on Tuesday, driven by a strong performance on Wall Street and the best monthly retail sales report in two years.
Read MoreAfternoon update: ASX up 1.09% on Wall Street boost and retail sales
Australian shares rallied by 1.09 per cent during mid-afternoon trading, boosted by a strong performance on Wall Street and the best monthly retail sales report in three years.
Read MoreStocks of the Hour: Si6 Metals, Widgie Nickel, Kingsrose Mining
A snapshot of the stocks on the move, featuring Si6 Metals, Widgie Nickel and Kingsrose Mining.
Read MoreASX up 1.01% at noon: Australia’s retail sales rise 2% in November
Australian retail trade exceeded market expectations by rising 2% in November, driven by Black Friday sales, with a year-on-year increase of 2.2%.
Read MoreTech shares boost the broader market index
Overnight, the major averages rose, thanks to strong performance in the tech sector, as Wall Street aimed to bounce back from a challenging week.
Read MoreASX closes 0.5% lower following US jobs data
Australian shares extended their four-day losing streak as a result of US jobs data over the weekend, which reduced expectations of rate cuts.
Read MoreAfternoon update: Shares slip as traders unwind January rally
Australian shares are sliding in the final trading hours of Monday, continuing a tough start to the year due to traders unwinding last month's market rally.
Read MoreStocks of the Hour: Chariot Corporation, Tempest Minerals, Trinex Minerals
A snapshot of the stocks on the move, featuring Chariot Corporation, Tempest Minerals and Trinex Minerals.
Read MoreEnergy stocks drive market higher: ASX up 0.18% at noon
Australian shares have shown a modest increase near midday, rebounding from a challenging start to the year. Traders are eagerly awaiting further information regarding global economic inflation concerns.
Read MoreFortescue and Woodside hydrogen projects face uncertainty
In a surprising turn of events, Australian companies, Fortescue (ASX:FMG) and Woodside (ASX:WDS), find their ambitious hydrogen projects hanging in the balance following proposed rule changes by the United States. These changes could potentially exclude them from accessing cash incentives under the Inflation Reduction Act (IRA), worth billions of dollars.
Read MoreShort sellers target lithium companies as battery metal prices decline
In the early days of this year, short sellers have turned their attention towards lithium companies, making them some of the most heavily bet-against stocks in the sharemarket. This shift comes as prices for the crucial battery metal experience a decline, raising concerns about the sustainability and capitalization of some companies in the industry.
Read MoreChina rare earth bans put heat on Australia to respond
Western nations have found themselves in a precarious situation following China's recent bans on the exports of specific rare earth technologies, intensifying the urgency to develop alternative sources in Australia, according to Australia's Resources Minister, Madeleine King.
Read MoreMajor US indices end 9-week win streak
The S&P 500 closed Friday slightly higher, but all three major indices ended a nine-week winning streak due to a better-than-expected jobs report.
Read MoreNasdaq and Tech weakness pushes market to a fifth consecutive losing session
The Nasdaq Composite closed lower on Thursday for a fifth consecutive losing session — its longest losing streak since October 2022.
Sources: Bloomberg, FactSet, IRESS, TradingView, UBS, Bourse Data, Trading Economics, CoinMarketCap.
Read MoreAlternatives to lithium-ion for a sustainable future
The growing demand for lithium-ion batteries raises concerns about the sustainability of lithium mining, prompting researchers to explore alternative technologies.
Read MoreThe future of AI: Determining its impact on the economy
Recent technological advancements have fuelled speculation about AI's potential to reshape various aspects of society, including the economy.
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