Friday At The Close
The ASX 200 has closed out the week on a high, lifting 16pts or 0.3% to 5994pts. Over the week, the index rose just 0.08% with telcos the biggest advancers and industrials the biggest losers.
Read MoreThe ASX 200 has closed out the week on a high, lifting 16pts or 0.3% to 5994pts. Over the week, the index rose just 0.08% with telcos the biggest advancers and industrials the biggest losers.
Read MoreThe ASX 200 has recovered from several days of weakness on Thursday – gains for lenders are the foundation for the improvement.
Read MoreUS sharemarkets were mixed on Wednesday, with a slide in energy stocks and Home Depot largely offsetting gains in the technology sector. Microsoft, Facebook and Alphabet all rose by 1- 1.5%. Decline in the oil price weighed on Newfield Exploration.
Read MoreThe ASX 200 has finished higher for the first time this week. The 32pt or 0.5% lift was thanks to an improvement in all sectors with financials the main driver of gains.
Read MoreThe ASX 200 is trading lower on Wednesday, despite a recovery in the financial sector. September quarter economic growth came in slightly lower than expected at 0.6% vs forecasts for 0.7% growth. .
Read MoreUS sharemarkets were choppy on Tuesday as investors digested changes to the Senate’s version of the US tax bill, including retaining the corporate alternative minimum tax.
Read MoreThe ASX 200 has finished down 26 points or 0.4% to 5,945, held down by heavy falls in the energy and materials sectors.
Read MoreThe ASX 200 is down 0.10% recovering some earlier losses helped by gains from the telco & energy sectors.
Read MoreUS sharemarkets were mixed on Monday. Stocks eased over the session as investors focussed on whether the tax package could be enacted by Christmas. The US Dow Jones was up by 58 points or 0.2% but the Nasdaq lost 72 points or 1.1%.
Read MoreThe financial sector has extended yesterday’s losses, weighing on the broader sharemarket. The ASX 200 slipped 13 points or 0.2% to 5,971.
Read MoreNext week is one of the big ones for the economy, with the two highlights being September quarter GDP and the meeting of the RBA Board.
Read MoreUS sharemarkets eased on Friday in response to the news of the former US national security adviser Michael Flynn. But losses were trimmed on reports that the Republicans had secured enough votes to pass the tax reform bill in the Senate.
Read MoreLosses in the financial sector outweighed gains from the mining & telco stocks today. The ASX 200 slipped 4 points or 0.10% to 5,985.
Read MoreIt has been a lacklustre start to the week for the local sharemarket, following falls on US markets on Friday. The ASX 200 is unchanged, with gains from the telcos & energy sectors offset by weakness from the banks.
Read MoreA recovery in the financial sector, and a rally in the Dow to a fresh record above 24,000 has helped the local sharmarket higher on Friday. The ASX 200 is up 31 points or 0.50% to 6,001.
Read MoreUS sharemarkets rebounded on Thursday. The Dow Jones breached 24,000 points for the first time as positive tax reform talks fuelled gains.
Read MoreThe ASX 200 has finished up 0.3% on Friday, helped by a recovery in the financial sector and a surge in energy stocks on the back of an OPEC and non-OPEC member deal to extend production cuts.
Read MoreThis is a significant negative for the banks, in my view. It will be expensive, distracting and unpredictable, and the recommendations and government response could end up being material, especially if we have a Labor Government by then (which seems likely).
Read MoreThe major banks are suffering heavy losses on Thursday, after the PM announced a royal commission into the banking sector. The ASX 200 is down 33 points or 0.6% to 5,978.
Read MoreUS sharemarkets featured a retreat in tech stocks while the potential for higher rates boosted shares in the financials – the Dow Jones closed at a new record high.
Read MoreAlmost all sectors finished weaker on Thursday, dragging the ASX 200 down 41 points or 0.7% to 5,969. News of a Royal Commission into the banking sector weighed on the financials.
Read MoreAfter a stellar run back by strong consumer confidence and higher home prices the Us markets gave back ground on news of another launch from North Korea.
Read MoreThe ASX 200 has risen 0.45% on Wednesday to 6,011, as investors shrugged off heightened tensions between North Korea and the US.
Read MoreThe local sharemarket has shrugged off North Korea launching a missile test to approach the best levels in 9.5 years. Gains from the banks and miners are supporting equities most.
Read MoreThe local sharemarket is firming, with the ASX 200 again lifting to 6,000. The key will be whether the index can remain above that level in late trade.
Read MoreUS sharemarkets were mixed on Monday. Energy shares fell in response to a lower oil price. And shares of semiconductor makers fell after Morgan Stanley issued a global downgrade on the sector.
Read MoreThe local sharemarket has failed to hang on to earlier gains, dragged into the red by losses in the Telco, Materials, Energy and Financial Sectors.
Read MoreThe local sharemarket has kicked off the week in positive territory, helped by a positive lead from US and European markets. The ASX 200 is up 0.3% or 20 points to 6,003.
Read MoreWith the RBA and Treasury effectively betting the house on a pick up in business investment, the Private Capital Expenditure survey will be vital to see whether the tentative signs of a turn in investment in the non-mining sector has continued in the September quarter and more importantly, continued in the business investment expectations for the next year.
Read MoreUS sharemarkets posted modest gains in a shortened trading session on Friday. Most interest was in how retailers fared in ‘Black Friday’ trade.
Read MoreLosses from the mining, energy and telco sectors held the market back on Monday. The ASX 200 lost some earlier gains to close up 6 points or 0.10% to 5,988.
Read MoreThe ASX 200 is down about 0.3% at mid-session with most sectors trading in the red. US markets were closed overnight for the Thanksgiving holiday.
Read MoreEuropean shares were generally flat on Thursday despite speculation that the opposition Social Democratic Party in Germany is ready to begin talks with Chancellor Angela Merkel to form a minority government.
Read MoreThe Australian sharemarket finished only slightly lower following Thanksgiving in the US. The ASX 200 index rose over the course of the week however. Retailers still bracing for Amazon’s Australian debut.
Read MoreDuring my interview yesterday with Andrew Thorburn, the CEO of NAB, he started talking about the coming competition from Google, Facebook and Amazon. He mentioned those three by name.
Read MoreThe local sharemarket is flat at lunch with losses from the banks offsetting gains from mining & energy stocks.
Read MoreUS sharemarkets were mixed in thin trade ahead of the Thanksgiving Day holiday. At the close the Dow Jones was lower by 65 points or 0.3%. The S&P 500 was down 0.1% and the Nasdaq lifted by 5 points or 0.1%.
Read MoreLosses in the Financial and Telco sectors held the market back on Thursday. The ASX 200 finish unchanged at 5,986.
Read MoreThe ASX 200 is moving higher again – up 0.3% to 5,981. However, losses from the major banks are preventing the market from making further improvements.
Read MoreUS sharemarkets rose to fresh record highs on Tuesday, lifted by technology stocks and healthcare shares. Medical device maker Medtronic’s shares rose by 4.8% after the company reported better than-expected results.
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