Investors stay on the sidelines ahead of key inflation data
Investors remained on the sidelines ahead of the key March CPI data due out Wednesday US time (tonight local time).
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ASX closes 0.5% higher: Speculation of increase demand in iron ore
The Australian sharemarket closed higher on Tuesday, buoyed by a 0.5% gain in the benchmark S&P/ASX index to 7824.2 points, primarily driven by a 1.5% surge in the materials sector, amidst speculation of increased iron ore demand from China.
Read MoreASX up 0.43% at near noon: March NAB Business survey indicates stable business conditions
The March NAB Business survey indicated that business conditions and confidence remained relatively stable, with positive trends observed in the retail and construction sectors despite ongoing challenges, particularly in rate-exposed industries.
Read MoreUS markets close flat ahead of inflation data later this week
Markets finished the day essentially flat as investors remain focused on CPI due out later this week.
Read MoreASX gains 0.2%: IT is best performing sector
The Australian sharemarket closed slightly higher on Monday, with the S&P/ASX gaining 0.2 per cent to 7789.1 points, despite a tumultuous session for several ASX 200 members.
Read MoreASX up 0.25% near noon following Friday’s tech-driven surge on Wall Street.
The ASX is advancing in the initial session of the week, primarily driven by the strength of technology stocks, following Friday's tech-driven surge on Wall Street.
Read MoreUS market ignores strong payrolls & rising yields to bounce back
US stocks bounced back in Friday trading ignoring a hotter than expected payrolls print and upward pressure on bond yields.
Read MoreLocal markets open lower following US market lead
The S&P/ASX 200 was trading down 0.4 per cent as midday approached, weighed down by the Consumer Discretionary & Utilities sectors.
Read MoreFed comments & oil rally trigger afternoon sell off
US markets opened in positive territory before Fed rates commentary and a pop in oil prices spooked traders and triggered an afternoon sell off.
Read MoreLocal markets hang onto early gains, led by tech and gold names
Local markets opened in positive territory and held onto early gains for the remainder of the trading day.
Read MoreTech and Gold drive local markets higher
The S&P/ASX 200 was trading 0.5 per cent higher as midday approached driven by Gold and interest rate sensitive sectors such as IT and Property.
Read MoreFed Chair commentary calms rate fears
US markets traded in positive territory for most of the day encouraged by comments from Fed Chair Jerome Powell that suggested that recent negative data does not materially change the overall picture from his perspective, and the Fed’s guidance on rates remains unchanged at this stage.
Read MoreASX continues slide in afternoon trading
The ASX continued its slide in afternoon trading, led lower by the interest rate sensitive sectors Property and Tech.
Read MoreASX falls following US market lead overnight
The local market took its lead from the US and opened lower and continued to slide as the morning trading session progressed.
Read MoreInflation & rate concerns weigh on markets
Rising bond yields and concerns around the timing of future rate cuts by the Federal Reserve weighed heavily on US markets as investors are increasingly question the likelihood of a June rate cut.
Read MoreMarket closes in the red after testing new highs in early trading
The Australian share market ignored the softer lead from US markets overnight to test new highs in early trading, before late afternoon selling pushed the index into the red.
Read MoreLocal market disregards softer overnight lead to post new highs
The Australian share market ignored the softer lead from the US market overnight to trade above the record 7900 level.
Read MoreMarkets slide as new data raises renewed inflation fears
US markets kicked off the post Easter week by giving up ground on what was a winning month for March and a strong first quarter. New inflation data raised concerns that the Fed may struggle to hit its target of three rate cuts by the end of 2024.
Read MoreLocal markets follow US lead to hit new highs
Australian stocks set a record high in morning trading led by resources, banks and property.
Read MoreS&P 500 sets new high as market bounces back
US markets bounced back after three consecutive losing sessions & extended their first quarter advance.
Read MoreLocal markets close in the green following benign CPI print
The Australian market continued to trade close to flat for the afternoon, following fairly benign inflation data, finishing 0.5 per cent higher.
Read MoreMarket hovers near flat at midday following Feb CPI print
The Australian market hovered near flat for the morning session until the release of February CPI data at 11.30am which then nudged the market into slight positive territory.
Read MoreUS market rally continues to cool as Easter looms
US markets fell off in afternoon trading to finish in negative territory for the 3rd trading day in a row. Trading volumes remained light ahead of a short trading week and Easter break.
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Tech & Property lead the Australian market lower
The Australian market took its lead from the US market overnight and drifted into negative territory.
Read MoreUS markets take a breather from record run
US markets finally took a breather as the Easter break will mean a shorter and quieter trading week.
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ASX opens in positive territory and pushes above the 7800 level
The S&P/ASX 200 opened in positive territory and continued to push higher during the morning session led by mining and energy names. The S&P/ASX 200 was 0.7% higher as the market approached midday.
Read MoreAll three major US indices finish with solid weekly gains
The three major indexes drifted over the last session of the week to finish mixed on the day, but ending with the best week of 2024 so far.
Read MoreLocal markets drift lower as Consumer and Energy stocks weigh on the index
Australian equities ignored the US lead and drifted lower and into negative territory over the morning session with the S&P/ASX 200 trading down 0.34%, weighed down by consumer discretionary and energy stocks.
Read MoreAI & Tech names push US markets to new record close
Continued interest in AI and the big tech stocks provided the momentum to push the three main indexes to new record closes.
Read MoreGold and Materials lead Australian markets higher
Australian markets rallied into the close, shrugging off the bigger-than-expected jobs data. The S&P/ASX 200 finished the day up 1.1%.
Read MoreAustralian shares follow US into positive territory
Australian markets followed the US lead overnight and opened stronger with the S&P/ASX 200 up 0.37 per cent as we approach midday.
Read MoreUS markets hit new highs on Fed rates guidance
US markets continued to rally with the S&P500, Nasdaq and Dow Jones index all closing at new highs after the Fed reaffirmed its intention to cut rates at least 3 times this year.
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Australian shares rally for a third consecutive day
Australian stocks have extended their rally for a third day, taking their lead from US markets overnight with the S&P/ASX trading up 0.17% at 7,716 at midday.
Read MoreMarkets rally ahead of Fed Policy decision
Stocks rallied on Tuesday with all three key indexes finishing the day in the green. All eyes and attention remain focused on the Federal Reserve policy meeting currently in progress.
Read MoreMaterials performed strongly: ASX closes 0.4% higher
On Tuesday, the ASX experienced gains following the Reserve Bank's decision to keep the cash rate steady at 4.35 per cent, in line with expectations.
Read MoreASX drifts ahead of RBA rates decision
Australian shares drifted in and out of negative territory in thin trading after a positive open as the market awaits the Reserve Bank’s rates decision at 2.30pm and governor Michele Bullock’s press conference. Consensus is for rates to remain unchanged.
Read MoreTech rally helps to snap three day S&P 500 losing streak
Stocks rose on Monday driven by a rally in tech leaders as Wall Street focuses on a key artificial intelligence conference and new monetary policy guidance from the Federal Reserve.
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