Markets

Concerns about rising trade tensions between the US, Europe and China hurt investor sentiment on Tuesday. The ASX 200 slipped 0.3% – its third straight day of declines.

US sharemarkets fell sharply on Monday with tech stocks leading the declines on the possibility of investment restrictions in the sector.

The Australian sharemarket is being held back by falls in the financial sector. CBA shares are down 1.8% following today’s announcement of a demerger of the Group’s wealth management and mortgage broking businesses.

The Australian sharemarket is giving back some recent gains, after last week recording its best weekly gain since December 2016. The ASX 200 eased by 0.2%, held back by heavy falls the financial and telcos sectors.

US sharemarkets ended mixed on Friday. Higher oil prices lifted energy stocks but tech stocks eased. The Dow Jones rose by 119 points or 0.5%

The local sharemarket is continuing to improve, hitting a fresh 10-year high. While there are more losers than winners on the market Friday, strong gains from banks are singlehandedly keeping equities in positive territory.

The ASX 200 has failed to hang on to earlier gains, held down by falls in the energy, telco and materials sectors. Over the week though, the index rose about 2.0% – its best weekly gain since December 2016.

US markets fell. Economic data was weaker than forecasts. The US-China trade dispute still dominated investor thinking. And a US Supreme Court ruling on state sales tax collection weighed on share prices of Amazon and other online retailers.

The local sharemarket is continuing to improve, hitting a fresh 10-year high. Telstra shares are extending yesterday’s losses.

The local sharemarket is extending recent gains, hovering around 10.5 year highs. The ASX 200 jumped 59 points or 1% to 6,232.

The Nasdaq reached an all-time record high, led by shares of Facebook (+2.3%) and Netflix (+2.9%) which both reached record levels.

Local investors are shrugging off escalating trade tensions between the US and China. The ASX 200 is up 0.6% or 39 points to 6,141. Telstra shares have dropped 5% following its trading update.

The ASX 200 surged 1.2% or 70 points to a 10.5 year high of 6,172 today driven by gains from the banks which surged by as much as 2.5%. Investors shrugged off worries of escalating US-China trade tensions.

US sharemarkets ended lower on Tuesday. The trade dispute between the US and China dominated attention. Global exporters down the most in response to the US-China trade war.

Aussie shares are improving for a third session and briefly hit a five-month high in early trade. Investors have shrugged off softer US shares, escalating US-China trade tensions and a key meeting of oil producing nations set for later this week.

Investors are unsettled at the news of the U.S. considering a new round of tariffs which could affect ~$400bn worth of Chinese products. Health stocks were the better performers today, while mining stocks were down.

US sharemarkets ended mixed on Monday. Fears of an escalating trade dispute between the US and China dominated attention. Boeing and Caterpillar fell 0.9%. But energy stocks rose in line with higher oil prices, the Dow off 103 points.

The local sharemarket has managed to finish in the black, with gains in the financial sector outweighing losses from telco & mining stocks.

US sharemarkets ended lower on Friday on fears of an escalating trade dispute between the US and China. Trade-dependent stocks fell the most while energy stocks fell in response to a lower oil price.

The local sharemarket has kicked off the week in negative territory, held back by heavy falls in the materials and telco sectors. The ASX 200 is down 0.10%.

The Australian sharemarket is on track to record a second consecutive weekly gain, with the ASX 200 up 1.2% at mid-session. The local currency though is under pressure following a rise in the US dollar.

Every sector gained ground on Friday, helping the ASX 200 close up 1.3%, its best one-day improvement this calendar year.

US sharemarkets ended mixed on Thursday. Investors weighed takeover activity in the media sector, a stronger greenback, interest rate expectations in the US and Europe and strong data on consumer spending.

The ASX 200 is up 0.10% at mid-session, helped by a recovery in Telstra shares. Bubs Australia shares have been placed in a trading halt, ahead of a capital raising announcement.

The local sharemarket fell for a second consecutive session by 0.1%. It was a jam packed day for economic data with May unemployment coming in weaker than expected. 12,000 jobs were created compared to 19,000 expected while Chinese data underwhelmed

US blue-chip shares eased on Wednesday as investors reacted to a modestly "hawkish" Federal Reserve rate decision. The Fed lifted the federal funds target rate by a quarter per cent to the 1.75-2.00% range as expected.

Investors are cautious today ahead of the key US Federal Reserve interest rate decision due tomorrow morning. The ASX 200 is down 0.5%.

The local sharemarket fell back 0.5% on Wednesday, ahead of key interest rate decisions in the US and Europe. Investors are also awaiting tomorrow’s release of the May employment report.

US sharemarkets were mixed on Tuesday with the lack of detail about denuclearisation from the Trump-Kim summit keeping market moves restrained. Travelers Companies (-0.7%) and Goldman Sachs (-0.6%) led the Dow Jones lower.

The local sharemarket is edging higher, kicking off the holiday-shortened week in positive territory. Investor attention is firmly in Singapore where US President Donald Trump is meeting with North Korean leader Kim Jong-un today.

The Australian sharemarket has finished up 8 points or 0.2%, despite falls in the financial sector. Investor focus was firmly on the US-North Korea Summit in Singapore.

American stocks edged higher on Monday ahead of the Trump-Kim summit which is set to kick off at ~11am AEST. While there is plenty of data locally including NAB’s monthly business survey numbers, the summit is likely to receive the most attention.

The ASX 200 is flat at lunch, however the local sharemarket is on track to post its first weekly improvement in a month.

The Australian sharemarket has finished down 0.2% on Friday, ahead of tonight’s G7 Summit in Canada and Tuesday’s US-North Korea meeting. Over the week though, the index rose 0.9% – its first weekly gain in a month.

US sharemarkets were mixed on Thursday. Investors fretted about trade friction at this weekend’s G7 meeting. But energy stocks rose in response to a higher oil price.

The local sharemarket is climbing higher on Thursday, boosted by the miners, telcos and banks. The ASX 200 is up 42 points to 0.7% to 6,067.

For just the first time in a month, the local sharemarket had closed higher for two consecutive days. The ASX 200 rose 32 points or 0.5% to 6,057 as banks, mining & energy stocks improved.

US sharemarkets posted solid gains on Wednesday on hopes for an easing of trade tensions.

The Australian economy has grown by 1% over the March quarter – the fastest pace in six years. The local market rose today, recovering yesterday’s losses as mining & energy stocks improved.

US sharemarkets were mixed on Tuesday. The Nasdaq hit an all-time record high, led by gains in Amazon (+1.9%) and Apple (+0.8%).