Markets

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.

At 11:40am, the S&P/ASX 200 is 0.07 per cent lower at 7,965.9, dragged down by a slump in consumer staples stocks as investors assessed mixed company earnings.

At 11:30am, the S&P/ASX 200 is 1.39 per cent higher at 7,974.5, driven by optimism about potential interest rate cuts and robust economic data.

Australian shares extended their winning streak on Thursday, with the benchmark index rising 0.2%, despite a decline in the mining sector.

Australian employment surged unexpectedly in July, defying forecasts and pushing the unemployment rate slightly higher.

The Australian sharemarket experienced a positive close on Wednesday, buoyed by strong performances from key companies and optimistic investor sentiment.

At 11:35am, the S&P/ASX 200 is 0.7 per cent higher at 7,881.90, driven by a strong performance from the utilities sector, particularly AGL Energy, whose earnings exceeded expectations.

Australian shares continued their upward trend for a sixth consecutive day, buoyed by generally positive earnings results.

Australian wage growth unexpectedly remained stagnant at 0.8% in the June quarter, falling short of predicted increases, while the annual pace also held steady at 4.1%.

Australian shares extended their winning streak for a fifth consecutive day on Monday, buoyed by a strong performance from consumer discretionary stocks, particularly following an upbeat earnings report from JB Hi-Fi. The benchmark S&P/ASX 200 Index climbed 0.5% to close at 7813.7 points, mirroring a positive trend in global markets as investors digested last week’s volatility sparked by US recession fears.

At 11:35am, the S&P/ASX 200 is 0.61 per cent higher at 7,825.40. The results are driven by a strong performance from retail stocks led by JB Hi-Fi. The broader market also gained momentum as global sentiment improved. Consumer discretionary stocks were the top performers, while technology shares also contributed to the positive market mood.

Australian shares surged on Friday, mirroring gains on Wall Street after positive US jobless claims data eased recession fears.

At 11:30am, the S&P/ASX 200 is 0.62 per cent lower at 7,652.40. The Australian sharemarket is trading lower, mirroring a decline in US markets following a poorly received Treasury bond auction.

At 11:40am, the S&P/ASX 200 is 0.2 per cent higher at 7,695.60.

The Australian sharemarket rebounded today after heavy selling yesterday. This follows a global rout triggered by recession fears in the US. Investors are now looking to the Reserve Bank's policy decision later today.

At the closing bell, the S&P/ASX 200 was 3.7 per cent lower at 7,649.60.

At noon, the S&P/ASX 200 is 2.93 per cent lower at 7,710.70. This dramatic fall is primarily attributed to escalating US recession fears ignited by disappointing jobs data and a surge in Goldman Sachs' recession probability indicator.

Australian shares plummeted on Friday, mirroring a sharp decline on Wall Street driven by concerns over the Federal Reserve's monetary policy stance.

The Australian share market has reached a new peak, surpassing 8100 points, fuelled by investor optimism stemming from potential interest rate cuts and rising oil prices.

The Australian sharemarket surged 1.8% on Wednesday, driven by unexpectedly low inflation figures, quashing expectations of a rate hike.

Australian annual inflation increased to 3.8% in the June quarter, aligning with market expectations.

The Australian share market declined on Tuesday, primarily driven by a sharp sell-off in mining giants, particularly Fortescue Metals. The benchmark S&P/ASX 200 Index fell 0.5%, with the materials sector leading losses. Investor caution ahead of key economic data releases also contributed to the market's downturn.

The Australian share market experienced a sharp downturn, primarily driven by a significant sell-off in the mining sector. Mining giants, including BHP and Fortescue Metals, suffered substantial losses, with the latter plunging by 8.6% following a massive block trade.

The Australian share market surged today, buoyed by Wall Street’s recovery following recent inflation data.

Local sharemarkets are poised for heightened volatility this week as investors grapple with a confluence of economic uncertainties.