Markets

At 11:30am, the S&P/ASX 200 is 0.79 per cent lower at 7,949.90. Australia's stock market experienced a decline due to concerns about a potential global economic downturn. Weak US job numbers raised fears that the Federal Reserve may not have taken sufficient measures to prevent a recession.

Australian shares opened higher, buoyed by a rise in tech stocks, particularly Tesla and Amazon, which lifted the Nasdaq amid mixed performance on Wall Street. At 11:35am, the S&P/ASX 200 is 0.17 per cent higher at 7,995.60, with four of 11 sectors posting gains.

At the closing bell, the S&P/ASX 200 was 0.4 per cent higher at 7,982.40.

Australian shares rebounded at the open on Thursday, following a significant sell-off the previous day. At 11:35am, the S&P/ASX 200 is 0.43 per cent higher at 7,984.80, driven by gains in the technology and real estate sectors.

Australia's gross domestic product (GDP) grew by 0.2 per cent in the second quarter of 2024, following a 0.1 per cent increase in the March quarter, aligning with Bloomberg's forecasts but slightly below Reuters' prediction of 0.3 per cent.

At the closing bell, the S&P/ASX 200 was 0.08 per cent lower at 8,103.20, primarily due to losses in consumer-related and mining stocks.

At 11:35am, the S&P/ASX 200 is 0.14 per cent lower at 8,098.20, following a holiday closure on Wall Street.

In the first session of the week, the Australian sharemarket is experiencing a decline, primarily driven by weakness in mining and communications stocks. By midday, the S&P/ASX 200 index is down 0.3 per cent, hovering near 8067 points.

The Australian retail sector experienced a flat month in July, following a modest 0.5% increase in June.

On Thursday, the sharemarket experienced its steepest decline in three weeks, driven by a weak lead from Wall Street and a sharp drop in Nvidia's stock, which fell nearly 9% due to disappointing guidance. The S&P/ASX 200 Index fell 0.3% to 8045.1, moving away from its recent record of 8148.7, with the All Ordinaries also down 0.3%.

At 11:40am, the S&P/ASX 200 is 0.61 per cent lower at 8,022.20, mirroring a weak performance on Wall Street and a sharp decline in Nvidia's stock.

The Australian share market closed flat on Wednesday, with consumer staples offsetting losses in commodity stocks.

The monthly headline consumer price index (CPI) in Australia decelerated to 3.5 per cent year-on-year in July, down from 3.8 per cent in June, slightly exceeding analysts’ expectations of 3.4 per cent.

The Australian share market experienced a slight downturn on Tuesday, primarily driven by rising tensions in the Middle East and mixed corporate earnings results.

The Australian sharemarket has seen a modest decrease and at 11:35am, the S&P/ASX 200 is 0.04 per cent lower at 8,080.90, following a mixed session on Wall Street where investors weighed earnings reports from major Australian companies.

Real estate and banking stocks experienced a rally following comments from the Federal Reserve.

The Australian stock market started the week positively on the news that the US Federal Reserve is likely to cut interest rates soon. At 11:45am, the S&P/ASX 200 is 0.61 per cent higher at 8,072.80.

Australian shares are set to end a 10-day winning streak after opening lower, following a negative session on Wall Street. At 11:40am, the S&P/ASX 200 is 0.37 per cent lower at 7997.70.

Australian shares continued their upward trend, driven by positive earnings reports and a cooling US labour market.

At the closing bell, the S&P/ASX 200 was 0.16 per cent higher at 8,010.50. The Australian share market exhibited a mixed performance today, reflecting the interplay of various economic factors. While a late surge in mining stocks and a strong showing from the technology sector provided a positive impetus, the energy sector faced headwinds, dampening overall sentiment.

Australian shares experienced a minor pullback on Wednesday, mirroring a similar trend in overseas markets. Investors carefully analysed a flurry of corporate earnings reports, marking the busiest day of the earnings season so far.

The Australian share market extended its winning streak to eight days on Tuesday, buoyed by optimism ahead of the US Federal Reserve's Jackson Hole meeting.

The Reserve Bank held the cash rate steady at 4.35% for the sixth consecutive meeting, but minutes reveal serious consideration of a rate hike due to persistent inflation risks. While no decision was made, the central bank emphasised that all options remain open.

The Australian sharemarket closed slightly higher on Monday amid a subdued trading session as investors focused on a series of company profit reports on the ASX.