Markets

It has been a solid start to the week for local stocks with the ASX 200 closing up 0.6 percent. Banks improved, as did consumer related stocks, after JB Hi-Fi’s better than expected full year result.

The financial sector is again being heavily sold off. ANZ shares have dropped 7 percent after the bank completed a $2.5b institutional capital raising.

US sharemarkets fell on Thursday as weak earnings reports from media companies weighed on the sector. Rio Tinto posted a 43 per cent fall in half year profit to US$2.9billion, ahead of market expectations.

The ASX 200 has dropped 2.4 percent, weighed down by heavy losses in the financial sector. The market has lost 4 percent over the week, its worst performance in two months.

The local share market is weaker at mid-session, dragged down by losses in the financial sector after ANZ announced a $3 billion capital raising to meet tougher APRA requirements.

US sharemarkets gave back early gains on Wednesday although the Nasdaq rebounded after three prior sessions of weakness.

The ASX 200 has fallen 1.1 percent, with almost all sectors finishing weaker. The financial sector was the worst performer, dropping 1.7 percent.

The local market is in reverse on Wednesday, held down by heavy falls in the financial and energy sectors. Mining stocks however are recovering some recent losses, helped by higher iron ore prices.

US sharemarkets fell modestly on Tuesday. Investors reacted to comments by Fed president, Dennis Lockhart, on interest rates. And shares in Apple continued to retreat from near record levels of around US$133 in late July, weighing on share indexes.

The ASX 200 is up 0.7 percent, trading above 5,700 points thanks to strong gains from the banks, the healthcare sector and consumer related stocks.

European shares rose on Monday supported by healthy earnings reports, although the reopening of the Greek stockmarket after being closed for five-weeks offset some of the gains. In Athens the benchmark ATG index fell 16%.

Consumer related stocks rallied today following better than expected retail sales data for the month of June. Losses in the mining and energy sectors prevented the market from making further gains.

US sharemarkets fell on Friday as investors booked profits for the week and month. A weaker oil price weighed on the energy sector. Greek stock exchange to reopen after five-week closure

The ASX 200 has slipped 0.3 percent today, weighed down by falls in the mining and energy sectors.

The ASX 200 is down 0.5 percent, as investors sell off mining & energy stocks.

The ASX 200 is up 0.3 percent at mid-session, helped by gains in the healthcare and financial sectors. Mining and energy stocks however are retreating, on the back of weaker commodity prices.

US sharemarkets fell in early trade but recovered over the morning session before travelling sideways in afternoon trade. Investors dissected the economic growth figures and the flow of earnings results.

The Australian share market has improved for a third straight session, with the ASX 200 climbing 0.5%. Over the week, the market has risen 2.5%.

The ASX 200 is up 0.6 percent, boosted by improvements in mining and energy stocks.

The US Federal Reserve kept interest rates on hold, but left the door open for a rate hike later this year. The two conditions that the Fed would require to raise rates were on track to be met – inflation and jobs.

The ASX 200 has closed near the best levels of the day, gaining 0.8 percent. The Energy sector was the best performer, jumping 2.25 percent.

Local shares are being boosted by a rise in commodity prices with the materials sector rallying 1.5 percent. The ASX 200 is up 0.9 percent at mid-sesison.

US sharemarkets rallied on Tuesday as the stabilisation in Chinese markets allowed investors to shift focus to US corporate earnings. Pfizer rose 2.7% after the drug maker beat expectations on a lift in vaccine sales.

The local share market has finished the session up 0.7 percent with every sector improving on Wednesday. Market stability in China and higher commodity prices helped investor sentiment.

Fears of a further rout on Chinese stock markets overshadowed earnings results, after the Shanghai composite index fell 8% – its biggest one-day loss in eight years. US sharemarkets fell on Monday.

The ASX 200 has ended a volatile session down 0.10% regaining earlier losses after the PBOC injected 50 billion yuan into the financial system.

The ASX 200 is down 0.9% hurt by a massive sell-off on the Shanghai market which is down another 4%, adding to yesterday’s 8.5% tumble.

The ASX 200 is down 0.10%, trading weaker for a fourth straight session following a negative lead from Wall Street and falling commodity prices.

US sharemarkets fell on Friday. Investors reacted to weaker economic data in Europe and China. And investors have been disappointed so far by revenue estimates of the US companies reporting earnings results.

The ASX 200 has regained early losses to stage a late rally, closing up 0.4 percent.

It’s been a mixed start to the session on Friday. Miners are under pressure again, while telco and energy stocks are outperforming the market.

US sharemarkets fell on Thursday as poor earnings results and downbeat forecasts gave investors a reason to sell equities. Caterpillar reported sales declines in key markets its shares fell 3.6%. Nine of the ten major S&P sectors were lower.

Miners and banks have dragged the market lower today, with the ASX 200 slipping 0.4 percent to fall 1.8 percent over the week.

US sharemarkets fell on Wednesday dragged lower by the technology sector. Apple shares fell by 4.6% a day after the company reported results. Microsoft lost 4.2% after demand fell for its Windows operating system and writing down its Nokia business.

The ASX 200 has fallen 0.4 percent, dragged lower by falls from the mining and energy stocks. The materials sector was the worst performer, slipping 1.6 percent.

The ASX 200 is being held back by heavy falls in the energy and materials sectors. However, gold miners are improving, recovering some recent losses.

US sharemarkets fell on Tuesday with weaker earnings from IBM and United Technologies dragging indices lower. Shares in IBM fell by 5.9% after data showed that sales fell for the 13th straight quarter.

The market has suffered its worst trading day in three weeks with the ASX 200 dropping 1.6 percent losing some recent gains.

The ASX 200 is down 1 percent, after hitting a seven week high yesterday. Every sector is trading in the red, led by IT stocks which are down 2 percent.

US sharemarkets rallied on Monday as better-than-expected corporate earnings boosted sentiment. The tech-heavy Nasdaq hit a record intra-day high for the third straight session.