Evening Report: Market Tumbles On COVID-19’s Spread
The Australian sharemarket fell by 2%, had its worst day in five weeks and wiped out most of July’s gains in just one session.
Read MoreThe Australian sharemarket fell by 2%, had its worst day in five weeks and wiped out most of July’s gains in just one session.
Read MoreThe Australian sharemarket is slumping by 1.6% at lunch, making it the worst day in five weeks and pushing the ASX 200 below 6,000pts.
Read MoreThe Australian sharemarket has declined for a second day, with the ASX 200 easing by 0.23% while still remaining on track for its fourth straight monthly advance.
Read MoreThe Australian sharemarket is largely unchanged at lunch in what has been a messy start to the day. Gains from the big banks are offsetting losses from mining and energy stocks.
Read MoreThe Australian sharemarket tumbled by 1.16% on Friday, wiping out all this week’s losses in one fell swoop. IAG fell by 7.8% after flagging no final dividend for the first time in 20 years.
Read MoreThe Australian sharemarket rose by just 0.3%, as the Treasurer’s budget update provided few surprises. Gains from Santos (STO), Newcrest Mining (NCM), Coca-Cola Amatil (CCL) and Tabcorp (TAH) helped.
Read MoreWhile the Aussie market surged 2.6% on Tuesday thanks to promising signs for a coronavirus vaccine and extension to government support, stocks fell heavily today as cases rose in Victoria.
Read MoreThe Aussie market had its best gain in five weeks, rising by 2.6% and hitting a six-week high in the process. This followed an extension to JobKeeper and JobSeeker payments, a massive European stimulus package and encouraging results for a COVID-19 vaccine in the UK.
Read MoreThe Australian market had an underwhelming start to the week, with the ASX 200 slipping by 0.5%. A lift in COVID-19 cases in NSW and VIC continues to keep some on edge. Stocks in airports, casinos, gaming groups and some retailers lost ground.
Read MoreDespite losing ground early in the day on record COVID-19 numbers in Victoria, the Australian sharemarket rose slightly this afternoon, adding to gains this week.
Read MoreThe Australian sharemarket has pulled back following a record number of new cases in Victoria and upgraded restrictions in NSW.
Read MoreIt was a volatile day for the Australian sharemarket, with the ASX 200 up this morning, down as much as 1% at one stage only to finish 0.7% lower by the close. Mining, healthcare and bank stocks were among the worst performers.
Read MoreThe Australian sharemarket continues its messy performance this week, with the ASX 200 down by ~0.2% at lunch. Data on jobs for June was mixed, with more jobs added but a bigger lift in the unemployment rate.
Read MoreThe Australian sharemarket fell by 0.6% on Friday, with losses accelerating following record COVID-19 numbers in Melbourne. Travel stocks fell heavily while buy-now-pay-later companies hit record highs.
Read MoreThe Aussie market is slightly lower for a fourth time this week, although the ASX 200 has bounced off its intraday low. Losses from energy and mining stocks are weighing most heavily.
Read MoreWhile the Australian sharemarket edged higher by 0.6% on Thursday, the ASX 200 was up as much as 1.33% earlier. Mining stocks did much of the heavy lifting, Afterpay hit a record high while Utilities based in New Zealand struggled.
Read MoreThe Australian sharemarket is posting its first improvement in four days, with almost all sectors heading higher. Materials and Financials are doing most of the heavy lifting while Utilities are slumping.
Read MoreA weak lead from Wall Street, a drop in Dow futures and the Stage 3 lock-down in metro Melbourne kept markets under pressure for a third day.
Read MoreThe Aussie market is yet to improve this week, with the ASX 200 easing by ~0.2% as a weak lead from Wall Street and Stage 3 lockdown on metro Melbourne weigh on stocks.
Read MoreThe Aussie market rose for a fourth day, improve by 2.6% this week, and hit a three-week high in the process. The ASX 200 also closed above 6,000pts for the second day.
Read MoreThe Australian market is holding onto small gains on Friday, with the ASX 200 fading from this morning’s highs. Healthcare stocks are standing out as Cochlear received approval for the sale of new products in the US.
Read MoreThe Aussie market is following the positive US lead, with the ASX 200 rising by ~1% at lunch. All sectors are improving with buy-now-pay-later companies continuing to lift strongly.
Read MoreThe Australian sharemarket bounced back from a 2.5% decline on Thursday with a 1.5% lift today. Gains from financials and miners helped push the market higher, while a lift in Dow Futures seemed to provide an additional boost this afternoon.
Read MoreThe Australian sharemarket is up 0.75%, following a much heftier 2.5% decline on Thursday. Strong improvements from the banks and miners are pushing stocks higher.
Read MoreThe Australian sharemarket’s losses accelerated this afternoon, with shares falling by 2.5% following losses across the board as COVID-19 continues to create concerns for the economy.
Read MoreThe Australian sharemarket is down by almost 2% on Thursday, with 11 of 12 sectors in negative territory. A record one-day increase in US COVID-19 cases, IMF downgrades and talk of further US tariffs is weighing heavily.
Read MoreThe Australian sharemarket has managed to extend its winning streak to four days even though it was a choppy session. Gains from gold and healthcare stocks pushed the market higher.
Read MoreThe Australian market is slightly lower at lunch despite a better start which was putting local equities on a four-day winning streak. Weakness from the banks, energy and property stocks together with travel companies is weighing on our market.
Read MoreThe Australian sharemarket rose by just 0.1% on Friday (up 1.2% this morning). Losses from the banks and miners held equities back in what was a solid week for shares (up 1.6%).
Read MoreThe Australian sharemarket has recouped Thursday’s losses with almost all sectors higher at lunch. Retailers Adairs (ADH) and Nick Scali (NCK) are surging on solid sales.
Read MoreWhile the Australian sharemarket fell by 0.9% on Thursday, it improved from this morning’s lows (down 1.7% at 11:35am AEST) despite the unemployment rate lifting to a 19-year high of 7.1%.
Read MoreThe Australian sharemarket snapped two days of gains with a decline of 1.5%. Almost all sectors are losing ground, with a bigger than expected decline in employment pushing equities and the dollar lower.
Read MoreThe Australian sharemarket slumped by 1.9% on Friday, putting an end to the market’s six-week winning streak. While all sectors slumped, the banks were the main weight.
Read MoreThe Australian sharemarket is slumping for a second day following a near 7% decline for the Dow Jones overnight. Around 97% of stocks on the ASX 200 are currently losing ground although shares are bouncing off their intraday lows.
Read MoreUS jobless claims remained elevated. The report came out a day after the US Federal Reserve provided a dour outlook for the US economy.
Read MoreThe Australian market had its worst day in six weeks, with the ASX 200 back below 6,000pts. Travel stocks and banks were among the worst performers.
Read MoreThe Australian sharemarket is down by around 2% on Thursday, with losses from the banks weighing most heavily. Keep in mind that this follows seven straight days of gains for our market.
Read MoreThe Aussie market has improved for five straight days, with the ASX 200 hovering around three-month highs thanks to gains from the banks.
Read MoreThe Aussie market extended its winning streak to 4 days as the economy continues to reopen. Most sectors finished higher.
Read MoreThe Aussie market slumped by 1.6% on Friday but still had its second best week of 2020. Banks held the market back most today after standing out earlier in the week.
Read More