Markets

The local share market has finished a choppy session in positive territory. The ASX 200 rose 0.2%, helped by gains from the Materials, Energy and Telco sectors. Financials weighed on the market after the NAB & Macquarie Group traded ex-dividend.

US sharemarkets ended mixed on Friday. Soft data on retail spending and consumer prices raised doubts about the potential for the Federal Reserve to raise rates. According to Reuters federal funds futures implied a 49% chance of two more rate hikes.

The local share market has finished the session unchanged, with gains from the banks & telcos offset by weakness from mining & consumer-related stocks.

The local share market is up 0.1% as financials recover from last week’s heavy losses. Telcos & utilities are also helping to support the market.

The local share market is down 0.3% at mid-session, with losses from the Financial and Energy sectors outweighing gains in the Materials and Utilities sectors.

US sharemarkets fell on Thursday after disappointing earnings at number of department stores raised concerns about consumer spending.

The local share market has fallen 0.7% on Friday, held down by falls from the banks and consumer discretionary stocks. Over the week though, the benchmark ASX 200 index was unchanged.

The market is being lifted higher from gains in the healthcare, financial and energy sectors, while utilities & telcos are declining. The ASX 200 is up 0.7% at mid-session.

US sharemarkets ended mixed on Wednesday as investors digested the surprise move by President Trump to fire his FBI director Comey.

The local share market has finished up just three points – after having been up as much as 1% in early trade. The local bourse was held back by heavy falls from the Telco & Utilities sectors.

US sharemarkets ended mixed on Tuesday. Four of the 11 major S&P sectors rose led by consumer discretionary The Federal Budget deficit is tipped to fall to $29.4 billion over 2017/18 and to return to surplus in four years time.

The local share market has finished up 0.6%, recovering all of yesterday’s 0.5% loss. The market was helped by a recovery in the financial sector, and gains from mining & consumer related stocks.

The local share market is stronger at mid-session, recovering some earlier losses which were sparked by weakness from the banks in response to the levy announced in last night’s Budget.

Aussie markets under pressure from the start of trade as banking stocks sold off despite a strong read from CBA’s quarterly report. The miners are holding up ok while the retailers are lower and Ardent Leisure once again hit by weak visitor numbers

US sharemarkets ended flat on Monday. Some investors chose to book profits on recent gains in line with European markets.

The local share market has slipped 0.5%, weighed down by a sharp 2.4% drop in the financial sector. Investors sold off bank shares amid speculation a special bank levy will be announced in tonight’s Federal Budget.

The local share market has kicked off the week in positive territory, recovering some of last week’s 1.5% loss. The ASX 200 is up 30 points or 0.5%, boosted by strong gains in the energy and materials sectors.

Based on early Interior Ministry data, Emmanuel Macron has been elected French President. US sharemarkets ended firmer on Friday. Firm US jobs data and higher oil prices underpinned the gains. But shares in IBM fell by 2.5%.

Strong gains in the energy and materials sector helped boost the Australian share market on Monday. The ASX 200 closed up 34 points or 0.6% to 5,870 – snapping a four session losing streak.

Mining & energy stocks are suffering heavy falls on Friday, following lower oil, iron ore and gold prices. The ASX 200 is down 21 points or 0.4% to 5,854.

The US House of Representatives narrowly voted to repeal major portions of Obamacare and replace it with a Republican healthcare plan, now sending it to the senate.

Lower commodity prices have hurt the mining & energy stocks today, with the ASX 200 closing down 0.7%. Over the week, the index dropped 1.5%.

US sharemarkets were mixed on Wednesday, after investors digested earnings reports and the Federal Reserve decision to keep interest rates on hold. The focus now shifts to Friday’s employment report.

The local share market has finished weaker for a third straight session, held down by falls from the banks & miners. The ASX 200 slipped 15 points or 0.3% to 5,876.

The local share market is again being held back by falls from the banks & miners. A sharp 8% drop in the iron ore price traded on the Dalian Commodity Exchange is hurting the miners.

US sharemarkets were modestly higher on Tuesday, in a volatile trading session. Investors waited on Apple’s result after the close and also the FOMC rate decision due out on Wednesday.

The ASX 200 ended the session down 1.0% on Wednesday, held down by heavy falls from the banks & miners.

The local share market is again being weighed down by losses from the financial sector. The ASX 200 is down 32 points or 0.5%.

US sharemarkets ended mixed on Monday with the Dow Jones easing in late trade while technology stocks rose. Financials also rose despite US President Trump saying that he was considering breaking up the big banks.

The local share market has broken a seven session rally, held down by the banks after ANZ’s 1H result slightly misses expectations. The ASX 200 slipped 0.1% to 5,950.

The ASX 200 is down 0.5% at mid-session, held back by falls from the financial sector after ANZ disappointed with its first half profit result.

US sharemarkets eased modestly on Friday. Weaker-than-expected economic growth data caused investors to book profits. The Dow Jones ended lower by 41 points or 0.2%. The S&P 500 index fell by 0.2% while the Nasdaq ended flat.

The ASX 200 has closed at the best levels of the day, up 32 points or 0.5%. It’s the seventh straight session of gains for the local bourse.

The ASX 200 is trading flat at mid-session, with gains from telco, utilities & consumer-related stocks offset by losses from the banks, miners and energy stocks.

US sharemarkets held in tight ranges on Thursday. A raft of major companies such as Intel, Alphabet, Amazon and Microsoft report after the bell on Thursday. Economic data wasn’t too far away from forecasts. After trading in a 70-point range, the Dow Jones ended higher.

The ASX 200 has closed up 2 points, recovering earlier losses thanks to a recovery in the financial sector and gains from utilities & healthcare stocks. Over the week, the index gained 1.2%, while over the month the market rose 1.0%.

This is a hard thing to say, and I don’t do it lightly, but we may be at the point where you’d be better off investing anywhere but Australia.

The ASX 200 has dipped 0.3% towards lunch with mining and energy stocks the main drags. IT stocks are currently the best performers on the back strong US tech earnings after US trading hours.