Overnight: All Looks Rosy
More hope on the trade front, inflation relief and a bounce for Apple had Wall Street back in buying mode last night. Dow up 147.
Read MoreMore hope on the trade front, inflation relief and a bounce for Apple had Wall Street back in buying mode last night. Dow up 147.
Read MoreWashington has invited Beijing in tea and cakes and trade talks ahead of the deadline for Trump’s ultimate shock & awe tariffs. Dow up 27.
Read MoreWith all focus on what could be a historically devastating storm hitting the east coast, Wall Street saw its first session in two weeks in which all major indices posted gains. Dow up 113.
Read MoreDonald Trump’s tweets and rantings are running out of puff – just look at the stockmarket reaction to the jihad he and his conservative supporters launched against sports wear group, Nike for hiring rebel US NFL star, Colin Kaepernick in the firm’s new marketing campaign.
Read MoreWall Street continues to weigh up just what impact would be felt if indeed Trump goes all-in on tariffs on Chinese imports. Dow down -59.
Read MoreThe local sharemarket edged lower by just two points on Monday, held back by weakness from the banks and telcos. It’s the eighth straight session of declines.
Read MoreThe local sharemarket is fairly flat, with gains from healthcare and retail stocks offset by losses from the banks & miners.
Read MoreA week of falls on global markets last week – US shares fell 1%, Eurozone shares lost 2.6%, Japanese shares dropped 2.4% and Chinese shares fell 1.7%.
Read MoreThe ASX 200 index lost 175.7 points, or 2.8% last week, to 6143.8, its worst five-day performance since February.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreWall Street’s trading last night was a repeat performance of the session prior – Dow holding steady as tech stocks led the Nasdaq lower. Dow up 20.
Read MoreWhile the Dow remained steady as trade talks continue, social media company testimony before Congress spooked the Nasdaq. Dow up 22, Nasdaq down -1.2%.
Read MoreInvestors sold off financial stocks in late trade after Westpac agreed to pay a $35m fine for breaching consumer credit regulations. The ASX 200 declined by 0.3%.
Read MoreThe local sharemarket is under pressure on Tuesday, held back by falls in the financial & energy sectors. Telcos & miners are bucking the trend.
Read MoreThe London stock market was stronger on the weak pound last night but otherwise markets were quiet with Wall Street closed.
Read MoreThe US sharemarket remained shut on Monday for the Labor Day holiday while European equities edged higher on light volumes. The FTSE rose most thanks to a softer Sterling which was pushed lower by ongoing Brexit concerns.
Read MoreThe local sharemarket has slipped 0.1%, held down by heavy falls in the telco and utilities sectors. Banks & miners also declined, while healthcare stocks outperformed.
Read MoreThe ASX 200 is fairly flat in early trade, with gains from healthcare and banking stocks offset by weakness from the telco & energy sectors.
Read MoreThe US sharemarket was largely steady on Friday ahead of the Labour Day holiday on Monday. The US and Canada failing to agree on a trade deal took some of the shine off gains earlier in the session.
Read MoreUS sharemarkets fell on Thursday. Investors took profits after four days of gains on reports that President Trump was preparing to apply tariffs on US$200 billion of Chinese goods.
Read MoreThe local sharemarket is weaker at lunch on Friday with losses in the telcos and materials weighing on the local market with the financials and healthcare are providing some resistance to the weakness. The ASX 200 is down 0.2% or 11 points to 6340.
Read MoreThe local sharemarket is a touch higher, however a retreat in financial stocks is weighing on the market. The ASX 200 is up 0.2%, edging closer towards fresh 10.5 year highs.
Read MoreUS sharemarkets rose overnight, led by gains from the tech stocks. The Dow Jones Index rose by over 60 points or 0.2%. The S&P 500 index was up by 0.6% and the Nasdaq lifted by almost 80 points or 1.0%.
Read MoreUS sharemarkets lifted to fresh record highs for a third consecutive trading session on trade hopes. US Treasury Secretary Steven Mnuchin said on Tuesday that he believed that the US can reach a trade deal with Canada this week.
Read MoreThe banks are continuing the help the market higher, with the ASX 200 up 0.3% to 6,321. Boral shares have surged 8% after releasing its earnings results this morning.
Read MoreUS sharemarkets were firmer on Monday in response to news of a US-Mexico trade deal. Nasdaq rose above 8,000 points for the first time with the Dow above 26,000 points. There is now pressure on Canada and the EU to secure trade deals with the US.
Read MoreUS sharemarkets were firmer on Monday in response to news of a US-Mexico trade deal. Nasdaq rose above 8,000 points for the first time with the Dow above 26,000 points. There is now pressure on Canada and the EU to secure trade deals with the US.
Read MoreThe ASX 200 has climbed 0.6% to 6,304 – its best one-day improvement in two weeks. Banks led the gains, while Blackmores shares surged 11.5% on strong full year sales and profit growth.
Read MoreThe financial sector made an anaemic recovery on Monday, after retreating 4.5% last week – the worst weekly performance for the sector since February 2016. Today, the ASX 200 rose 21 points or 0.3% to 6,268.
Read MoreIt has been a positive start to the week for the local bourse which is up about 0.2% in early trade. Telcos are doing the heavy lifting, while mining & healthcare stocks are also firmer.
Read MoreUS stocks closed at record highs with investors encouraged by a Fed chair speech which suggested the US central bank will only raise rates gradually if the American economy continues to improve. The US dollar eased and commodities rose.
Read MoreThe local sharemarket is a touch higher at mid-session, recovering from a three-session decline. Shares in Afterpay Touch are rallying 8% after coming out of a trading half following its capital raising.
Read MoreUS sharemarkets were lower on Thursday as traders digested the latest news on the US-China trade dispute.
Read MoreThe financial sector has declined for a third straight session, weighing on the broader market. The Aussie dollar has plunged against the greenback amid continued political uncertainty in Canberra.
Read MoreUS sharemarkets were mixed on Wednesday. The S&P500 index marked its longest ever bull market run of 3,453 days. But political uncertainty weighed on markets as the impact of the legal woes of two former advisers to US President Donald Trump loomed.
Read MoreThe Australian sharemarket is falling further, after yesterday recording its worst one-day loss in five months. The banks are again the biggest weights, while telcos are outperforming. A2M, SVW, ABC & LLC have released earnings results.
Read MoreUS sharemarkets rose on Tuesday with the S&P500 hitting an all-time high during the session. The energy (+0.5%) and materials (+0.4%) sectors lifted on US dollar weakness and hopes that the US and China could resolve their trade dispute.
Read MoreBanks & miners were some of the biggest losers today, sending the ASX 200 down 0.3%, extending yesterday’s 1% tumble. Telcos outperformed, helped by a surge in TPG shares on the back of news its considering a merger with Vodafone.
Read MorePolitical instability in Australia and concerns about US trade tensions have dampened investor sentiment today. The ASX 200 is down 0.8% – falling back below the key 6,300 level.
Read MoreBanks, mining & energy stocks suffered heavy losses on Tuesday, dragging the ASX 200 down 1% – its worst one-day fall in five months.
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