Markets

The ASX 200 is down 0.3% at mid-session, held back by heavy falls in the energy sector. It follows concerns OPEC members may fail to agree to production cuts at Wednesday’s meeting.

Italy’s big referendum happens next Sunday. It’s about reducing the powers of the Senate to streamline the operation of government, but it has become a referendum on Prime Minister Renzi’s leadership and, in many eyes, on Italy’s membership of the EU.

US sharemarkets finished at record highs on Friday in a shortened trading session. Investors sought value in sectors that have been out of favour such as consumer staples. At the close of trade the Dow Jones index was up by 69 points or 0.4% with the S&P 500 index up by 0.4% while the Nasdaq gained 18 points or 0.3%. Over the week the Dow rose by 1.5%, the S&P 500 rose by 1.4% and the Nasdaq rose by 1.5%.

The Australian share market has eased from three month highs, hurt by heavy falls in the energy sector.

The ASX 200 is up 0.2% boosted by strong gains from the Materials, Energy and Consumer Discretionary sectors. US markets were closed overnight for the Thanksgiving holiday.

US markets were closed last night for the Thanksgiving holiday. European shares were slightly firmer in light trade. The local sharemarket is set for a better start on Friday while Primary Health (PRY) meets investors at its AGM.

The Australian share market has climbed to a three month high, with the ASX 200 finishing up 0.4% to 5,507. Over the week, the index gained 2.8%.

The local share market is down 0.2%, after rallying 2.5% over the past two sessions. Materials, Telcos and Energy stocks are dragging the market lower.

Mixed bag in the US overnight, the biotech stocks being hit after Eli Lilly phase 3 tests for its alzheimer’s drug faltered. banks higher on expectations of a lift in rates in December 2017.

The Australian share market has closed unchanged with gains from Consumer Staples and Financials offsetting losses from Energy and Mining stocks.

The local share market is up 0.7% at mid-session, adding to yesterday’s 1.2% improvement. Mining, telcos and industrials are the standouts, while healthcare & energy stocks are easing.

The local share market is expected to extend yesterday’s gains, after a positive lead from Wall St and European markets. The Dow Jones Industrial Average closed up 0.35% to 19,023.

The ASX 200 has extended yesterday’s 1.2% gain, rising 1.3% to a five week high of 5,484. It follows another stellar performance from US markets, where the Dow closed above 19,000 points for the first time ever.

The local share market is up a strong 0.9%, helped by gains on US markets overnights. Energy, Utilities and Industrials are the standouts.

US sharemarkets rose on Monday with all major indices notching up record highs. Higher oil price boosted energy producers. Shares in Facebook rose 4.1% after announcing a $6 billion share buyback program. At the close of trade, the Dow Jones index finished up by 89 points or 0.5%. The S&P 500 index was up by 0.8% while the Nasdaq lifted by 47 points or 0.9%.

The local share market has rallied to a near one month high, closing up 1.2%. Almost every sector gained ground, with mining & energy stocks leading the way.

The local share market has kicked off the week in negative territory, held down by falls from financials, consumer staples and healthcare stocks.

The local share market has failed to hang on to earlier gains, closing down 0.2%. Consumer staples were the biggest losers, while Healthcare and Telcos also dragged the market down.

US sharemarkets eased on Friday, dragged down by weakness in the healthcare sector. Six of the 11 major S&P500 sectors were lower. Federal Reserve presidents from St Louis and Kansas City indicated support for a rate hike in December.

The ASX 200 is up 0.2% at mid-session, boosted by gains from the banks and telcos and a positive lead from Wall Street.

US sharemarkets were generally firmer on Thursday. Federal Reserve chair Janet Yellen noted that rates were likely to rise relatively soon and this provided support to the banking sector.

The ASX 200 has closed in the middle of the day’s range, up 0.4%. The market was boosted by gains from Telcos & Consumer Discretionary stocks.

After finishing flat on Wednesday, the ASX 200 is a touch weaker at mid-session, held back by falls from the banks, miners and energy stocks. The Aussie dollar is under pressure following the release of weaker than expected October Employment data.

As reality around the Trump win sets in the expectations of quick policy change are now being reduced by market traders. The banks off again overnight. The Dow off record highs.

The ASX 200 has regained earlier losses to finish up 0.2%, closing near the best levels of the day. Telcos were the biggest boost, while banking, energy & resource stocks prevented the market from making further gains.

The ASX 200 is up 0.1% boosted by gains from the banks, energy and telco sectors. Mining and consumer discretionary stocks are the biggest weights on the market.

US sharemarkets were firmer on Tuesday. Technology stocks rose as buyers returned after recent weakness. Oil producers also rose in response to higher crude prices.

The energy sector surged 2.3%, buoyed by renewed hopes of production cuts ahead of this month’s OPEC meeting. Materials and Consumer Staples weighed on the market though, with the ASX 200 closing flat at 5,327.

Miners and banks still higher in early trade, retail and tech stocks lower on uncertainty on spending into Christmas.

Miners and banks still higher in early trade, retail and tech stocks lower on uncertainty on spending into Christmas.

Gains from banks, energy & consumer discretionary stocks helped to limit the losses on Tuesday. The ASX 200 ended the session down 0.3%.

The ASX 200 is down 0.7% at mid-session, held down by heavy falls in the financial and materials sectors. Telcos & utilities are the standouts, regaining some of last week’s losses.

US blue-chip shares rose again on Friday with the Dow Jones at fresh record highs. Financials and healthcare stocks continue to be supported while the energy sector fell.

The ASX 200 has finished the session down 0.5%, held back by heavy falls from the banks, miners and consumer discretionary stocks.

The ASX 200 is up 0.3% at mid-session, helped by strong gains from the Energy, Financial and Materials sectors. Losses from the Telcos and Utilities are preventing the market from making further gains.

After harsh selling on the Aussie market on election day the markets regained momentum yesterday and ended 172points higher. European markets finished mainly lower on weakness in retail stocks and the U.S markets followed.

The ASX 200 has finished the session up a solid 0.8%, taking this week’s gains to 3.7% – its best weekly gain in four months.