ASX slides 0.47% amidst Fed meeting and China property concerns
On Tuesday, at the closing bell, the S&P/ASX 200 was 0.47 per cent lower at 7,196.60, in anticipation of the US Federal Reserve's policy meeting.
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ASX down at 0.53% at noon: Investors anticipating upcoming Fed meeting
Investors are feeling nervous in anticipation of the upcoming US Federal Reserve policy meeting, where it is anticipated that the Fed will reiterate its commitment to maintaining low interest rates for an extended period.
Read MoreUS stocks mostly flat: Global mining M&A set to reach highest level in decade
US stocks have closed near the flat line Monday as investors geared up for the Federal Reserve’s meeting scheduled for later in the week.
Read MoreASX closes 0.67% lower driven by sell-off in tech
On Monday, a widespread sell-off, primarily driven by the technology sector, dragged down the overall share market.
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ASX down 0.76% at noon as all sectors are in the red
At noon, every one of the 11 sectors on the ASX is showing losses, with the technology stocks exerting the most significant downward pressure on the benchmark.
Read MoreAll 11 sectors closed lower ahead of the Fed’s next policy meeting
Stocks fell Friday as investors wrapped up a volatile week ahead of the Federal Reserve’s policy meeting. All 11 S&P 500 sector indexes declined, led lower by information technology, down 2 per cent, followed by a 1.9 per cent loss in consumer discretionary.
Read MoreASX up 1.67% at noon as all sectors are in the green
All sectors are currently trading higher. Miners, spanning gold, lithium, and iron ore, clearly stood out as the top performers.
Read MoreInvestors rally behind Wall Street’s latest IPO
The Dow Jones Industrial Average rallied the most in over a month as traders cheered the revival of Wall Street’s IPO market and a decent batch of economic data.
Read MoreASX closes 0.46% higher as commodities thrive
On Thursday, the ASX saw a significant increase in its performance, driven by strong rallies in companies involved in iron ore, coal, and uranium production.
Read MoreASX up 0.32% at noon lead by the banks and resources
At noon, the S&P/ASX 200 is 0.32% higher at 7,176.70 as unemployment numbers in August held steady at 3.7%, matching analysts’ forecasts.
Read MoreDow falls as core inflation data is higher than expected
The Dow Jones Industrial Average fell Wednesday as traders absorbed a hotter-than-expected August core inflation print. 3M was the biggest laggard in the 30-stock Dow, dropping more than 5.7 per cent. Caterpillar shares were lower by 2%. Meanwhile, Apple shares declined more than 1%, falling for a second day.
Read MoreASX closes 0.7% as tech sector experiences sell-off
On Wednesday, the ASX experienced a decline driven by a sell-off in the technology sector, just before the release of important US inflation data.
Read MoreASX down 0.48% as oil prices stabilise
Oil prices recently surged to a 10-month high but have stabilised, with West Texas Intermediate trading at around $89 per barrel.
Read MoreNasdaq falls as Apple unveils iPhone 15, crude oil hits highest level since Nov 22
The Nasdaq Composite fell Tuesday after Oracle shares plunged on disappointing results, whilst Apple unveiled the new iPhone model.
Read MoreASX closes 0.2% higher as iron ore rallies
Iron ore prices rallied after new bank lending in China released on Monday handily beat expectations and eased some concerns about the Asian giant’s economic outlook.
Read MoreASX down 0.18% at noon as consumer confidence dips
Investor sentiment was dampened by the results of a Westpac-Melbourne Institute survey, which revealed a decline in consumer confidence for September.
Read MoreNasdaq lifts as investors pour into tech stocks
Stocks rose Monday to start a big week of inflation data as investors bought up tech shares in the wake of recent weakness.
Read MoreFinancials & Miners help the market close in positive territory. ASX closes up 0.36%
The S&P/ASX 200 ended the day 36.6 points, or 0.5 per cent higher at 7192.3, despite moving into negative territory in early trading.
Read MoreTech Sector Large Caps lead market lower: ASX down 0.04%
The ASX/S&P 200 is 0.04 per cent, lower to 7153.6 at midday. Driving the weakness in the Australian market is Tech sector large-caps WiseTech and Xero, with both down more than 1 per cent in early trade.
Read MoreEnergy stocks lead the market into positive territory
The US market closed slightly higher on Friday but overall finished the week lower as concerns resurfaced that the Federal Reserve may raise rates more than previously expected. Recent economic data, including lower-than-expected initial jobless claims, have reignited rate hike fears and concerns that the Federal Reserve may have more work ahead.
Read MoreASX down 0.42% at noon: Oil prices on track for weekly gain
At noon, the S&P/ASX 200 is 0.42% lower at 7,141.20. Oil prices are on track for a weekly gain due to several factors. OPEC+ leaders, Saudi Arabia and Russia, have decided to extend supply cuts through the end of the year.
Read MoreNasdaq drops as weekly jobless claims disappoint
The Nasdaq Composite fell for a fourth session Thursday as concerns resurfaced over the Federal Reserve’s interest rate policy path, as the latest jobless claims data has come in.
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ASX down 1.08% at noon as Australia’s trade surplus decreases in July
In July, Australia's trade surplus decreased to $8 billion, down from $11.3 billion in June. This figure fell short of expectations, as analysts had predicted a surplus of $10 billion.
Read MoreMajor US indexes fall as Fed rate hike fears return
Stocks sold off Wednesday, continuing the sluggish start to September, as concerns mounted that the Federal Reserve may not be done hiking interest rates.
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Energy stocks lift as Saudi Arabia and Russia extend oil supply cuts
Stocks fell on Tuesday to kick off the first trading day of a holiday-shortened week, weighed down by a jump in crude oil prices. The jump was as a result Saudi Arabia and Russia extending their voluntary supply cuts.
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US markets closed; Stoxx 600 closed flat; China’s property stocks surge
US markets were closed overnight due to labour day. The Stoxx 600 index ended little changed from the previous session, paring gains after hitting its highest level since Aug. 9 in morning trade.
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Dow and Nasdaq notch best weeks since July
The Dow Jones Industrial Average rose on Friday as traders weighed the latest U.S. jobs report to conclude a winning week. The 30-stock Dow ticked up 0.33%, to close at 34,837.71 The S&P 500 added roughly 0.18% to finish the session at 4,515.77, and the Nasdaq Composite inched down 0.02% to end the day at 14,031.81.
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