ASX closes 0.2% lower: Coals stocks rebound
On Monday, the Australian sharemarket initially declined slightly with the S&P/ASX 200 Index closing down 0.2% at 7750.7 points, as seven sectors recorded losses.
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Inflation concerns loom over Australia’s economic forecast
Higher-than-expected inflation will take at least 12 months to approach the Reserve Bank of Australia’s (RBA) target, raising doubts about Treasurer Jim Chalmers’ optimistic forecast and complicating prospects for interest rate relief before the next federal election.
Read MoreNvidia stock surges more than 150% in the first six months of 2024
Nvidia has emerged as a standout performer in the financial markets during the first half of 2024, with its stock soaring by an impressive 150%. This surge has notably outpaced the S&P 500 index, which saw a more modest 15% increase over the same period, according to a report by the Wall Street Journal.
Read MoreBan on heavy fuel oil takes effect in Arctic waters
In a pivotal move for environmental conservation, a ban on Heavy Fuel Oil (HFO) has been implemented in Arctic waters, aiming to mitigate its profound ecological impact. HFO, a thick and economical fuel favored by many shipping vessels, is notorious for emitting significant amounts of black carbon, accelerating the melting of Arctic ice and snow.
Read MoreASX down 0.29% near noon: Investors await elections in UK and France
The Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming economic data releases and Reserve Bank policy minutes tomorrow.
Read MoreASX down 0.29% near noon: Investors await elections in UK and France
The Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming economic data releases and Reserve Bank policy minutes tomorrow.
Read MoreUS markets close lower after release of new economic data
US stocks edged lower on Friday as investors processed new economic data indicating a slowdown in inflation and better-than-expected consumer sentiment figures. The market also wrapped up a robust first half of 2024.
Read MoreUS markets remain cautious ahead of key inflation data
Markets continued to drift as investors stay on the sideline ahead of key inflation data due out on Friday US time.
Read MoreASX drops 1.18% near noon: All sectors in red
At 11:30am, the S&P/ASX 200 is 1.18 per cent lower at 7,690.90, following inflation data that exceeded expectations, showing a 4 per cent increase for the year to May.
Read MoreMarkets drift sideways ahead of key inflation data
Equity markets hovered around flat most of the day as investors stayed on the sidelines ahead of key inflation data due out on Friday.
Read MoreASX drops 0.7%: Inflation data spikes
Australia's sharemarket fell over 50 points on Wednesday, with the S&P/ASX 200 dropping 0.7% to 7779.5, following a spike in May's consumer price index to 4%, higher than expected.
Read MoreASX down 1.05% near noon: Investors await CPI data
Australian shares declined, mirroring losses seen in European and American markets, as investors awaited the release of Australia's monthly CPI data. The upcoming inflation figures, anticipated to increase from 3.6 per cent to 3.8 per cent annually, are crucial amid global economic uncertainties.
Read MoreNvidia rebound leads broader US market higher
Nvidia snapped a three day sell off and led the broader market higher as investors remain cautious ahead of key inflation data due out later this week.
Read MoreASX rebounds 1.4%: CBA hits all-time high
Australian shares climbed across the board on Tuesday, with the S&P/ASX 200 Index rebounding 1.4%, its biggest one-day gain since mid-May, nearing its record high.
Read MoreEZZ Life Science targets US expansion
EZZ Life Science Holdings (ASX:EZZ) has set its sights on the lucrative US market after securing regulatory clearance from the United States Food and Drug Administration (FDA) for nine of its products in the food category. This milestone marks a significant leap forward for the genomic life science company as it aims to capitalize on the robust demand for healthcare products in the US.
Read MoreASX up 0.82% near noon: A-REITs up over 1.5%
Australian shares surged shortly after trading began on Tuesday, following Wall Street's lead as equities approached all-time highs, despite Nvidia's continued decline.
Read MoreDow outperforms as investors rotate out of tech names
The Dow Jones outperformed the two other major indices as investors appeared to rotate out of tech and into financials and utilities, whilst the sell off in Nvidia gathered pace.
Read MoreASX drops 0.8% as company updates disappoint
The Australian sharemarket experienced a decline on Monday, influenced by a series of disappointing company updates, leading to increased investor caution ahead of the upcoming monthly inflation report.
Read MoreASX down 0.57% near noon: ResMed suffers significant losses
Shares on Australia's S&P/ASX 200 Index declined at the opening bell due to concerns over potential inflation acceleration prompting the Reserve Bank to consider raising interest rates, contrasting global easing trends. Healthcare stocks, notably ResMed, suffered significant losses following disappointing trial results. Additionally, weakened commodity prices, including a decline in Singapore iron ore futures, impacted mining shares like BHP.
Read MoreNvidia pull back weighs on broader market
The broader market index drifted lower on Friday as the recent Nvidia led rally finally looks to have run out of momentum.
Read MoreASX down 0.03% near noon: Energy is best performer
Oil is set for consecutive weekly gains as a surprise draw in US inventory levels and strong demand signaled buoyant conditions in the world's top oil consumer, with West Texas Intermediate trading above $81 a barrel and Brent near $86.
Read MoreStocks of the Hour: Enova Mining, Marmota, K2fly
A snapshot of the stocks on the move, featuring Enova Mining (ASX:ENV), Marmota (ASX:MEU) and K2fly (ASX:K2F).
Read MorePotential gas shortages on East Coast
As temperatures plummet on the East Coast, a dual threat looms: a shortfall in gas supplies exacerbated by a lack of renewable power generation. The Australian Energy Market Operator (AEMO) has issued a stark "threat notice," cautioning that current conditions could lead to peak day shortfalls in gas supply across NSW, Victoria, the ACT, South Australia, and Tasmania, persisting possibly until the end of September.
Read MoreASX experiences slight losses: GYG makes successful debut
On Thursday, the S&P/ASX 200 experienced slight losses despite Guzman y Gomez's successful debut, marking it as the largest IPO since November 2021.
Read MoreASX down 0.11% near noon: Guzman y Gomez IPOs at noon
Australian shares opened without much movement as the market aimed to prevent its third decline in four days this week. Meanwhile, European markets experienced a decline, and trading in Wall Street was halted due to a federal holiday.
Read MoreEuropean markets lose momentum as US closed for Juneteenth holiday
European stocks closed mostly lower as momentum stalled in the absence of direction from US markets which were closed for the Juneteenth holiday.
Read MoreASX slips 0.1%: Energy is best performing sector
Australian shares closed marginally lower on Wednesday despite a rise in energy stocks, with the S&P/ASX 200 slipping 0.1% to 7769.7 amidst subdued sector movements. Energy stocks led gains, supported by rising oil prices, while various sectors experienced modest declines, reflecting a generally quiet trading session.
Read MoreCoalition proposes seven nuclear power plants by 2037
The Coalition has unveiled an ambitious plan to construct seven nuclear power plants across Australia, aiming to have them operational between 2035 and 2037 if they win the next federal election.
Read MoreASX down 0.09% near noon: S&P 500 hits another record
At 11:30am, the S&P/ASX 200 is 0.09 per cent lower at 7,771. Australian shares saw modest declines despite gains in energy stocks, with the overall index experiencing a slight downturn.
Read MoreNvidia surge drives S&P 500 to new record
Another Nvidia price surge saw the AI giant hit a new share price high and surpass Microsoft to become the most valuable public company.
Read MoreASX lifts 1%: RBA decides to keep cash rate unchanged
The Australian sharemarket rose by 1 percent on Tuesday, with the S&P/ASX 200 Index closing at 7778.1 points, following the Reserve Bank's decision to keep its cash rate unchanged.
Read MoreAnticipation mounts over coalition’s expected nuclear power strategy announcement
Amid rising speculation, the Coalition is rumored to be on the brink of unveiling its nuclear power strategy, following the abrupt scheduling of a shadow cabinet meeting for Tuesday night.
Read MoreASX up 0.92% near noon following Wall Street’s gains
At 11:30am, the S&P/ASX 200 is 0.92 per cent higher at 7,771.10, mirroring a continued surge in New York where Tesla and Apple led gains in the blue-chip technology sector.
Read MoreMegacap tech names lead US markets to new record
Megacap tech names led the broader market to another record close as Nvidia hit a new intraday all time high amid growing optimism about Fed rate cuts.
Read MoreASX falls by 0.3%: Cautious sentiment ahead of RBA’s decision
Australian shares fell on Monday, with the benchmark S&P/ASX 200 closing 0.3% lower, led by declines in energy and mining sectors due to disappointing Chinese economic data and cautious sentiment ahead of the Reserve Bank’s rate decision.
Read MoreASX down 0.06% near noon: Aus job ads decline
Australian job advertisements, as measured by ANZ-Indeed, decreased by 2.1% in May, following a peak decline of 23.9% from November 2022, yet remaining over 20% higher than pre-pandemic levels.
Read MoreNasdaq manages a fifth straight record close
Markets trade mixed with eight of eleven sectors in the broader index falling into negative territory.
Read MoreASX down 0.35% near noon following Wall Street’s surge
At 11:30am, the S&P/ASX 200 is 0.35 per cent lower at 7,722.30, following Wall Street's surge to record highs, driven by increased investor confidence in companies poised to benefit from artificial intelligence.
Read MoreS&P 500 sets another record on easing inflation data
The S&P 500 and Nasdaq both set a fourth consecutive closing record as fresh inflation data pointed to a further easing in price pressures.
Read MoreChilwa named 2023 ASX IPO of the Year
Sequoia Financial Group (ASX:SEQ) has confirmed that Sequoia Corporate Finance (SCF) a 100% owned subsidiary of Sequoia acted as sole lead manager to the Initial Public Offering (IPO) of Chilwa Minerals Limited (ASX:CHW) onto the ASX in July 2023.
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