ASX closes 0.73% higher to hit a five-month high
On Thursday, the Australian sharemarket reached a five-month high, driven by a strong performance in real estate and technology stocks.
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ASX currently 0.66% higher: Macquarie Group declines due to weaker trading conditions
Macquarie Group (ASX:MQG) shares experienced a decline as the investment bank attributed it to challenging trading conditions.
Read MoreDow posts best winning streak since 1987
The Dow Jones Industrial Average rose Wednesday, notching its best winning streak since 1987 as traders digested a Federal Reserve rate hike and major corporate earnings.
Read MoreASX closes 0.85% higher: Rio Tintos half-year profit gets slammed
Rio Tinto's (ASX:RIO) half-year profit fell 34% due to weaker commodity prices. The $US5.7 billion underlying result and dividend missed analyst estimates. Australian iron ore dominated the result, but lower prices offset improved volumes.
Read MoreASX up 0.75% at noon: June quarter inflation lower than expected
The June quarter headline inflation came in at 6 per cent, lower than the expected 6.2 per cent.
Read MoreChina’s PR strategy amid economic changes
Can someone lend the Chinese government an old-fashioned PR hack from Australia or the US – someone who knows the value of a 'good' figure, especially with Tuesday’s economic policy changes (if they are indeed real), needing a peg to focus investor minds?
Read MoreGeneral Motors & General Electric are the latest to report
The Dow Jones Industrial Average closed higher Tuesday, notching its longest winning streak in more than six years as traders weighed the latest earnings reports.
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Afternoon update: Mining powerhouses lead gains, wheat futures soar
The S&P/ASX 200 has risen by 0.48 per cent with the SPI futures pointing to a rise of 37 points. The Materials sector is the best-performing, up 3.16 per cent, while the Consumer Discretionary sector is the worst-performing, down 0.88 per cent.
Read MoreASX 0.32% higher at noon: Fortescue rallies on Twiggy’s visit to US
Mining giant Fortescue (ASX:FMG), led by executive chairman Andrew Forrest, saw a nearly 4% increase in shares on the ASX 200 index as he promoted his green hydrogen initiative in the US and inspected Austal's shipyards. The Forrests' private investment vehicle, Tattarang, holds a 19% stake in Austal, which recently entered a trading halt, attracting interest from North American suitors due to its US Navy contracts.
Read MoreDow notches longest winning streak since 2017
The Dow Jones Industrial Average rose Monday, notching its longest winning streak since February 2017, to kick off a busy week of key earnings reports and a major policy decision from the Federal Reserve.
Read MoreAfternoon Update: Energy soars, materials slumps
The ASX had risen 0.04 per cent by 2:50 AEST. The best-performing sector was Energy, up 2.19 per cent, while the worst-performing sector was Materials, down 1.29 per cent.
Read MoreASX up 0.14% at noon: ACCC delays ANZ-Suncorp merger
At noon, the S&P/ASX 200 is 0.14 per cent higher at 7,324. Suncorp has confirmed that the Australian Competition & Consumer Commission (ACCC) has requested additional time to review ANZ's merger with Suncorp.
Read MoreDow notches tenth straight day of gains
24 Jul 2023 – Stocks were mixed Friday as traders assessed the latest corporate earnings results, and the Dow Jones Industrial Average stretched its winning streak to 10 sessions, a feat not seen for the index since August 2017.
Read MoreASX down 0.37% at noon as Tech sector falls
21 Jul 2023 – At noon, the S&P/ASX 200 is 0.37% lower at 7,298. There was a sell-off in the technology sector triggered by disappointing earnings results on Wall Street. The local technology sector tumbled 2.9%, with Xero (ASX:XRO) falling 3.7% to $122.47 and Megaport (ASX:MP1) declining 2.9% to $9.66.
Read MoreJohnson & Johnson helps the Dow jump for ninth consecutive day
21 Jul 2023 – The Dow Jones Industrial Average jumped for a ninth consecutive day overnight. It was the Dow’s best daily winning streak since 2017.
Read MoreAfternoon Update: Santos, BHP report robust results
20 Jul 2023 – The ASX is showing positive momentum, rising by 0.17 per cent to reach a level of 7,336. In company news, the big stories are coming from reporting season.
Read MoreASX up 0.23% at noon following the release of jobless data
20 Jul 2023 – At noon, the S&P/ASX 200 is 0.23 per cent higher at 7,340.50, following the release of a higher-than-anticipated unemployment rate.
Read MoreTesla and Netflix post results after the bell
20 Jul 2023 – Stocks rose Wednesday as the corporate earnings season continued, with the Dow Jones Industrial Average registering its longest winning streak in nearly four years.
Read MoreASX rallies 0.55% as Energy outperforms
19 Jul 2023 – The Energy sector demonstrated strong growth, with a rally of 1.7%. Ampol (ASX:ALD) experienced a significant surge of 4.4% following robust fuel sale volumes reported for the first half of the financial year 2023. At the closing bell, the S&P/ASX 200 was 0.55 per cent higher at 7,323.70.
Read MoreASX up 0.53% at noon: Woodside reports a 29% decline in revenue
19 Jul 2023 – Woodside Energy (ASX:WPL), reported a 29% decline in revenue for the second quarter, amounting to $US3.1 billion ($4.5 billion). Sales of oil decreased by 4%, with 48.4 million barrels sold, while production experienced a 5% drop to 44.5 million barrels.
Read MoreDow rises as corporate earnings exceed expectations
19 Jul 2023 – The Dow Jones Industrial Average closed higher overnight as traders digested better-than-expected corporate earnings.
Read MoreASX down 0.47% at noon as RBA indicates further rate hikes are possible
18 Jul 2023 – The Reserve Bank released minutes from its July 6 policy meeting, indicating the possibility of further rate increases depending on upcoming data, including inflation figures to be reported on July 26.
Read MoreStocks brace for earnings reports from global giants this week
18 Jul 2023 – Stocks were higher Monday as Wall Street braced for quarterly reports from some of the biggest companies in the world.
Read MoreASX down 0.01% at noon: Bond yields slightly higher
17 Jul 2023 – At noon, the S&P/ASX 200 is 0.01 per cent lower at 7,303.00. Bond yields rose slightly, indicating a higher probability of an August interest rate hike by the RBA.
Read MoreDow Jones surges on strong earnings kickoff
17 Jul 2023 – The Dow Jones Industrial Average climbed Friday as strong earnings results from some of the biggest banks and companies kicked off earnings season.
Read MoreASX up 0.66% at noon as ASIC proposes advisory group for CHESS
14 Jul 2023 – ASIC plans to establish a stakeholder advisory group to oversee ASX's troubled CHESS replacement project, which ASX supports and sees as a means to enhance transparency and stakeholder engagement in the development of critical clearing and settlement changes.
Read MoreStocks extend gains on better-than-expected PPI data
14 Jul 2023 – Stocks rose Thursday after June’s producer price index report rose less than anticipated, building upon optimism from Wednesday’s consumer price index data. The PPI rose 0.1 per cent in June.
Read MoreASX surges 1.66% on strong performance from gold miners
13 Jul 2023 – At the closing bell, the S&P/ASX 200 was 1.66 per cent or 118.50 points higher at 7,254.20, marking its third consecutive day of gains.
Read MoreASX up 1.26% higher at noon: Gold miners experience surge
13 Jul 2023 – At noon, gold miners experienced a significant surge in value as traders revised their expectations for risk-free rates due to cooling US inflation and a decline in bond yields.
Read MoreUS stocks rise after CPI data comes in cooler than expected
13 Jul 2023 – Stocks rose overnight after new data raised hope that the Federal Reserve can bring down inflation without pushing the US economy into a recession.
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Afternoon Update: RBA says further tightening is possible
12 Jul 2023 – The Reserve Bank of New Zealand has maintained interest rates at 5.5 per cent for the second consecutive meeting, citing the need to control inflation and support employment, amid weakening global economic growth and declining inflation pressures.
Read MoreASX up 0.46% at noon as RBNZ keeps rates unchanged
12 Jul 2023 – The Reserve Bank of New Zealand has decided to keep interest rates unchanged at 5.50 percent, aligning with expectations from analysts. This decision reflects the central bank's belief in the necessity of maintaining a restrictive level of interest rates for the foreseeable future in order to achieve their inflation target range of 1-3 percent annually.
Read MoreAustralia faces $1.5 trillion challenge to achieve 2050 green targets
12 Jul 2023 – Australia faces the monumental task of securing $1.5 trillion by the end of the decade to meet its ambitious 2050 green targets, requiring an effort on par with Europe's post-World War II reconstruction, according to the findings of expert group Net Zero Australia.
Read MoreMajor US indexes rise as investors await CPI and PPI reports
12 Jul 2023 – Major US indexes rose Tuesday, a day after the major averages snapped a three-session decline, as traders await the June consumer price index report set for release on Wednesday, as well as the June producer price index due out on Thursday.
Read MoreASX closes 1.5 per cent higher ahead of US CPI data
11 Jul 2023 – At the closing bell, the S&P/ASX 200 was 1.5 per cent higher at 7,108.90, experiencing a strong rebound ahead of US CPI data, boosted by offshore gains and hints of increased support for China's property sector.
Read MoreAll sectors higher: ASX up 0.97% at noon
11 Jul 2023 – Australia’s share market is on track to break a four-day losing streak, with the S&P/ASX 200 index rising 0.97 per cent higher to 7,071.90 at noon. All sectors are experiencing gains, with technology, property, discretionary, and materials leading the way.
Read MoreAndrew “Twiggy” Forrest establishes battery hub in US
11 Jul 2023 – Mining tycoon Andrew Forrest is making strides in establishing a battery manufacturing hub in the United States, aligning with Fortescue Future Industries' strategic vision to leverage President Joe Biden's $550 billion Inflation Reduction Act.
Read MoreMajor US indexes rise as investors await key inflation data
11 Jul 2023 – The Dow Jones Industrial Average rose Monday as Wall Street tried to recover from a losing week. The positive reversal came as investors prepared for a slate of inflation data later in the week and braced for the start of the second-quarter earnings season.
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