ASX up 0.85% near noon: All sectors in black
Local sharemarkets are poised for heightened volatility this week as investors grapple with a confluence of economic uncertainties.
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Indonesia curbs China’s nickel grip for US tax breaks
Indonesia is attempting to reduce Chinese investment in new nickel mining and processing projects to help its industry qualify for US tax breaks, as the Biden administration seeks to limit Beijing's influence in the electric vehicle supply chain.
Read MoreS&P 500: A tale of two markets
The rise of the S&P 500 has mirrored exceptional US economic growth, making it tempting to see it as a direct reflection of that prosperity.
Read MoreRotation into small caps & cyclicals lead US markets higher
The rotation into cyclicals and small caps continued on Friday, underpinned by encouraging inflation data. All the major indices and the small cap Russell 2000 finished the day up strongly.
Read MoreIron ore futures prices decline amidst weak steel market and strong supply
Iron ore futures prices continued their downward trajectory on Thursday, impacted by robust global supply and persistent weakness in China’s steel market. Despite indications of potential monetary stimulus, losses were only partially mitigated.
Read MoreASX up 0.8% near noon: Iron ore rises
At 11:35am, the S&P/ASX 200 is 0.84 per cent higher at 7,927.30. This is led by a strong performance in the materials sector driven by rising iron ore prices. The broader market was supported by optimism about the potential for a post-tech rotation, although there is disagreement about the timing and sustainability of this shift.
Read MoreRotation out of Tech into small caps continues
Big Tech and AI stocks resumed their sell off as investors continued to rotate into the undervalued small cap and cyclical sectors.
Read MoreChallenges in reducing reliance on Chinese rare earths amid low prices and market dominance
The U.S. and Europe aim to reduce their reliance on China for rare earths, but low prices and Beijing’s market influence pose significant challenges.
Read MoreASX declines 1.3%: Commodity prices continue to fall
Shares and the Australian dollar experienced declines for the second consecutive session on Thursday due to weakened commodity prices, prolonging a challenging July for Australia's base metal miners.
Read MoreASX declines 1.3%: Commodity prices continue to fall
Shares and the Australian dollar experienced declines for the second consecutive session on Thursday due to weakened commodity prices, prolonging a challenging July for Australia's base metal miners.
Read MoreASX drops 1% at noon: Mining falls over concerns in China
Australian shares dropped 1 percent at midday due to broad sector losses, particularly in mining, amid concerns over China's economy. Meanwhile, the Nasdaq plummeted 3.6 percent, its worst performance since 2022, driven by disappointing earnings and a general slowdown in the US economy.
Read MoreAirlines adjust strategies as “revenge travel” surge fades
Airlines are preparing for the end of the "revenge travel" surge by cutting ticket prices to fill surplus seat capacity as the two-year post-pandemic travel boom transitions to a more uncertain outlook.
Read MoreSell off in Tesla & Alphabet weighs heavily on the market
Earnings results from Tesla & Alphabet after the market close on Tuesday US time triggered a selloff in both stocks in the session which dragged other mega tech names down in sympathy.
Read MoreASX falls 0.1%: Best performer is Materials
The Australian sharemarket fell on Wednesday, with the S&P/ASX 200 Index dropping 0.1% due to declines in energy and property stocks.
Read MoreDeutsche Bank ends 15-quarter profit streak
Germany’s largest lender, Deutsche Bank, reported a loss for the first time in 15 quarters on Wednesday, as it set aside funds for an ongoing lawsuit related to its Postbank division.
Read MoreASX down 0.12% near noon: Alphabet and Tesla report disappointing results
Australian shares decline by midday, influenced by lower US stock indices and disappointing quarterly results from Tesla and Alphabet.
Read MoreStocks of the Hour: Hexima, Alcidion, Killi Resources
A snapshot of the stocks on the move, featuring Hexima (ASX:HXL), Alcidion (ASX:ALC) and Killi Resources (ASX:KLI).
Read MoreIron ore prices sink below $US100 as Chinese policy meeting fails to impress
Iron ore prices tumbled below $US100 per tonne late Tuesday, driven by a lack of substantial stimulus from a recent policy meeting in China and robust supply levels. The steelmaking material fell by up to 3.5%, reaching $US99.85 in Singapore, and appears set for a third consecutive day of losses.
Read MorePerpetual sees $12.4 billion drop in AUM
Perpetual (ASX:PPT) has reported a significant decrease in its assets under management (AUM), which fell by $12.4 billion in the fourth quarter, ending at $215 billion as of June 30. This drop contrasts with the $227.4 billion reported as of March 31.
Read MoreUS small-caps surge: Best performance in 40 years and a “multi-decade opportunity”
Goldman Sachs’ David Kostin estimates that the recent rolling five-day relative return for U.S. small-caps was the best in at least 40 years.
Read MoreUS markets hover near flat ahead of key earnings releases
US markets hovered around flat as traders and investors awaited earnings numbers from Google parent Alphabet & EV giant Tesla. Both companies were due to report after the close.
Read MoreASX closes 0.5% higher reversing a three-day losing streak
The ASX 200 closed 39.4 points, or 0.5%, higher at 7971.1 on Tuesday, reversing a three-day losing streak, with tech stocks leading the gain, ending 1.6% higher.
Read MoreASX up 0.64% near noon: Wall Street records strong gains
At 11:35am, the S&P/ASX 200 is 0.64 per cent at 7,982.30, tracking the positive performance of the Nasdaq, which advanced 1.6%, and the S&P 500, which added 1.1%.
Read MoreNvidia & Tesla lead Nasdaq & Tech rebound
All three major indices finished in the green with the Tech names rebounding from last week’s selloff, as the rotation into the broader market and small companies took a breather.
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Woodside Energy to acquire US LNG developer Tellurian in $1.2bn deal
Woodside Energy (ASX:WDS) has announced its acquisition of struggling US liquefied natural gas (LNG) developer Tellurian for $1.2 billion. This deal is set to transform the Australian company into a “global LNG powerhouse.”
Read MoreASX falls 0.5% over concerns over Biden’s decision
On Monday, Australian shares declined due to concerns over the potential impact of US President Joe Biden’s decision to end his re-election campaign on financial markets.
Read MoreASX down 0.8% at noon: Investors react to Biden’s withdrawing from presidential race
Australian shares fell 0.8% at the open, influenced by upcoming US tech earnings and President Joe Biden’s decision to end his re-election campaign. At noon, the S&P/ASX 200 is 0.83 per cent lower at 7,905.8.
Read MoreImmutep receives positive FDA feedback
Immutep (ASX:IMM; NASDAQ:IMMP), a leading biotechnology firm specialising in LAG-3 immunotherapy, has achieved a significant milestone in its quest to redefine cancer treatment.
Read MoreUnlocking the potential in small-cap stocks
As global markets evolve, small-cap stocks are emerging as a compelling opportunity for investors, particularly those in Australia, according to Sadhvi Gupta, Executive Director for Quantitative Investment Strategies at Goldman Sachs Asset Management.
Read MoreMarkets finish week in the red as rotation trade continues
All three major US indices finished in the red on Friday as the rotation into names that will be the key beneficiaries from easing interest rate policy continued.
Read MoreASX down 1.23% near noon: Commodity prices for iron ore, gold, and copper falls
At noon, the S&P/ASX 200 is 1.23 per cent lower at 7,938.90, due to losses in the banking, mining, and technology sectors.
Read MoreMajor indexes fall as investors continue tech sell-off
On Thursday, US stocks declined as investors continued to reduce positions in high-flying technology stocks and took profits from recent gains in other sectors.
Read MoreS&P500 falls as investors shift away from tech stocks
The S&P 500 and Nasdaq Composite fell on Wednesday as investors shifted away from high-flying technology stocks towards more rate-sensitive sectors.
Read MoreASX grows 0.7%: All 11 sectors see gains
On Wednesday, the Australian sharemarket surged to a new intraday high, driven by a strong performance in interest rate-sensitive sectors such as technology and real estate.
Read MoreASX closes down 0.2%: Materials is worst performer
On Tuesday, the Australian sharemarket ended a three-day winning streak by dropping slightly below the significant 8000-point mark achieved in the previous session. The S&P/ASX 200, a key benchmark, closed down 18.3 points or 0.2 per cent at 7999.3 points. This decline occurred despite gains seen on Wall Street, as investors in the US remained cautious about the potential for a third interest rate cut by the Federal Reserve.
Read MoreASX closes 0.73% higher: Iron ore prices advancing
Shares are rising amid a broad rally. Iron ore prices are advancing. However, China's growth is weakening more than expected as the outlook darkens. Investors are rushing to safe havens after the assassination attempt on the former US president.
Read MoreASX up 0.86% near noon: REITs soars by 2.3%
Australian shares hit a record high of 7938 points following US deflation data for June, which fueled expectations of impending interest rate cuts by the Federal Reserve. This spurred a shift in investor sentiment towards smaller-cap stocks benefiting from lower rates, reflected in declining US bond yields. At 11:40am, the S&P/ASX 200 is 0.86 per cent higher at 7,957.80.
Read MoreS&P 500s 7-day rally ends as traders shift to small-cap stocks
A multi-day rally for the S&P 500 came to an end after cooler-than-expected inflation data for June pushed traders to bet on more interest rate cuts this year.
Read MoreBig tech names pull back as small caps shine
The S&P 500 and Nasdaq both ended the day in the red as investors looked to rotate out of the big tech names and into small caps and property.
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