Markets

The local share market has lost ground on Monday, held back by falls in the Telco, Consumer Discretionary and Financial sectors.

US sharemarkets were flat to slightly lower on Friday. Shares in Adobe rose by 3.8% to record highs in response to the company’s latest profit report. Shares in Amgen fell by 6.4% after a study on the company’s cholesterol drug disappointed investors.

The ASX 200 is up 0.3% at mid-session, hovering around the key 5,800 level. Financials are doing the heavy lifting, while energy & telcos are retreating.

US sharemarkets ended mixed on Thursday with gains in banks and some technology stocks offsetting weakness in the healthcare sector. Traders focussed on new budget proposals from President Trump that may mean higher costs for the healthcare sector.

The ASX 200 index has gained 13 points or 0.2% to 5,799.6 – just failing to close above the key psychological level of 5,800. Over the week the index rose 0.4% – boosted by strong gains from the miners.

The US Federal Reserve has lifted the target federal funds range by 25 basis points (quarter of a percent) to 0.75-1.00% as expected.

The ASX 200 index has closed up 0.2%, boosted by strong gains from mining & energy stocks.

The local share market is up 0.2% at mid-session, following positive gains from Wall St after the US Federal Reserve raised interest rates by 0.25%.

The Australian sharemarket is easing by 0.3% at lunch ahead of a number of key events this week. Investors are cautious ahead of a likely Fed rate hike in the US Thursday morning and the Dutch election tonight.

US sharemarkets ended weaker on Tuesday. Lower oil prices weighed on energy stocks. Investors await the Federal Reserve rates decision and the Netherlands general election.

After trading in and out of positive territory throughout the session, the ASX 200 has managed to finish up 0.3% – helped by gains from mining & telco stocks.

Yes, coming up for 18 months since he toppled T. Abbott. It seems like only yesterday doesn’t it?

US sharemarkets ended mixed on Monday. Investors await the Federal Reserve rates decision on Wednesday and are cautious ahead of the Netherlands general election.

The local share market has finished flat, with gains from mining & energy stocks offset by weakness from the banks. Investors are awaiting Thursday’s result of the US Federal Reserve policy meeting.

The local share market is a touch higher at mid-session, helped by gains from mining, energy & telco stocks. Losses from the financial & healthcare sectors are preventing the market from rising further.

US sharemarkets rose on Friday with the strong jobs report giving investors confidence about economic conditions. Gains were broad-based. The Dow Jones index rose by almost 45 points.

Local shares started the week in the red as participants anticipate a full week of market moving events-including a rate hike from the US Fed.

The Australian stock market has started the weak in the red as lower oil prices and market concerns over US rates has pulled cash from the market.

Local shares started the final session of the week with modest gains following a late rally for US equities. Most sectors were higher led by Consumer Discretionary & Healthcare names.

US sharemarkets weakened in afternoon trade with a slump in oil prices dragging the energy sector lower. The Dow slipped 0.3% to 20,855.

The Australian sharemarket rose by 0.6% on Friday, making it the best day of the week for local shares. Mining stocks remained the main drags on weaker commodity prices. Banks rose.

A fall in global oil prices is hurting energy stocks on Thursday. The ASX 200 is trading flat, helped by gains from the banks.

Weekly supplies of unsold oil in the U.S. growing adding ot energy oversupply concerns and pushing the oil prices down.

The local share market has finished the session down 0.3%, held back by falls in the energy sector after a drop in global oil prices.

The local share market is trading flat with gains from the healthcare and telco stocks offset by losses from materials and utilities.

US sharemarkets fell on Tuesday, dragged lower by declines amongst pharmaceutical and bank stocks. US President Trump backed a Republican bill to repeal and replace the Obamacare health system.

Weaker iron ore prices hurt the miners today, with the Materials sector falling 0.8%. The ASX 200 finished flat – down just 1 point.

The seeds of an embryonic resource sector rejuvenation that were sown last year, show every indication of being maintained throughout 2017.

Almost all sectors are trading higher, with Utilities & Healthcare stocks leading the gains. Materials are bucking the trend though, with the sector down 0.3% on weaker iron ore prices.

US sharemarkets fell on Monday. Investors assessed the latest changes and announcements from the new Trump administration. President Trump signed a revised executive order on Monday for a 90-day travel ban to the United States.

The local share market has notched up another 0.3% improvement, boosted by Utilities, Consumer Staples and Healthcare stocks.

The local share market is up 0.2% at mid-session, regaining some earlier losses. The Telcos & miners are doing the heavy lifting, while consumer discretionary and healthcare stocks are holding the market back.

With company reporting season now behind us, in the latest Independent Investment Research LMI Update we take a look at how the listed investment company sector fared.

US sharemarkets rose slightly on Friday as investors digested the latest speech from the Federal Reserve chair. At the close of trade the Dow Jones index was up by almost 3 points or less than 0.1%.

Gains from the miners and telcos helped the Australian share market finish firmer on Monday. The ASX 200 rose 0.3% to 5,746.

Mining stocks are being sold off following falls in commodity prices. The ASX 200 is down 60 points or 1%, giving up most of yesterday’s gains.

US sharemarkets are losing ground on Thursday after hitting record highs a day earlier. Caterpillar (CAT) is one of the main drags on reports of a law enforcement investigation. Snap Inc – the company behind Snapchat – made a successful debut.