Markets

At 11:35am, the S&P/ASX 200 is 0.84 per cent higher at 7,927.30. This is led by a strong performance in the materials sector driven by rising iron ore prices. The broader market was supported by optimism about the potential for a post-tech rotation, although there is disagreement about the timing and sustainability of this shift.

Shares and the Australian dollar experienced declines for the second consecutive session on Thursday due to weakened commodity prices, prolonging a challenging July for Australia's base metal miners.

Shares and the Australian dollar experienced declines for the second consecutive session on Thursday due to weakened commodity prices, prolonging a challenging July for Australia's base metal miners.

Australian shares dropped 1 percent at midday due to broad sector losses, particularly in mining, amid concerns over China's economy. Meanwhile, the Nasdaq plummeted 3.6 percent, its worst performance since 2022, driven by disappointing earnings and a general slowdown in the US economy.

The Australian sharemarket fell on Wednesday, with the S&P/ASX 200 Index dropping 0.1% due to declines in energy and property stocks.

Australian shares decline by midday, influenced by lower US stock indices and disappointing quarterly results from Tesla and Alphabet.

The ASX 200 closed 39.4 points, or 0.5%, higher at 7971.1 on Tuesday, reversing a three-day losing streak, with tech stocks leading the gain, ending 1.6% higher.

At 11:35am, the S&P/ASX 200 is 0.64 per cent at 7,982.30, tracking the positive performance of the Nasdaq, which advanced 1.6%, and the S&P 500, which added 1.1%.

On Monday, Australian shares declined due to concerns over the potential impact of US President Joe Biden’s decision to end his re-election campaign on financial markets.

Australian shares fell 0.8% at the open, influenced by upcoming US tech earnings and President Joe Biden’s decision to end his re-election campaign. At noon, the S&P/ASX 200 is 0.83 per cent lower at 7,905.8.

At noon, the S&P/ASX 200 is 1.23 per cent lower at 7,938.90, due to losses in the banking, mining, and technology sectors.

On Wednesday, the Australian sharemarket surged to a new intraday high, driven by a strong performance in interest rate-sensitive sectors such as technology and real estate.

On Tuesday, the Australian sharemarket ended a three-day winning streak by dropping slightly below the significant 8000-point mark achieved in the previous session. The S&P/ASX 200, a key benchmark, closed down 18.3 points or 0.2 per cent at 7999.3 points. This decline occurred despite gains seen on Wall Street, as investors in the US remained cautious about the potential for a third interest rate cut by the Federal Reserve.

Shares are rising amid a broad rally. Iron ore prices are advancing. However, China's growth is weakening more than expected as the outlook darkens. Investors are rushing to safe havens after the assassination attempt on the former US president.

The Australian sharemarket hit new highs during the morning session with the S&P/ASX 200 trading above 8000 for the first time.

Australian shares hit a record high of 7938 points following US deflation data for June, which fueled expectations of impending interest rate cuts by the Federal Reserve. This spurred a shift in investor sentiment towards smaller-cap stocks benefiting from lower rates, reflected in declining US bond yields. At 11:40am, the S&P/ASX 200 is 0.86 per cent higher at 7,957.80.

The Australian sharemarket experienced a risk-on day, with the benchmark briefly climbing above 7900 points in a broad rally led by the big four banks.

At 11:35am, the S&P/ASX 200 is 0.88 per cent higher at 7,885.40. The rally, fueled by gains in Wall Street's tech giants, saw local sectors like technology and real estate advance

Australian shares opened lower following a previous day's rally, and at 11:30am, the S&P/ASX 200 is 0.47 per cent lower at 7,792.60.

The Australian sharemarket saw a broad-based rally on Tuesday, driven by gains in US blue-chip tech stocks, pushing the S&P/ASX 200 Index up by 0.9% to 7829.7.

Australian shares opened higher, with the S&P/ASX 200 Index rising 0.7% to 7815.2, driven by a rally in blue-chip tech stocks that also pushed the S&P 500 to a new record high. On the ASX, communication services led gains, with Telstra up over 2% and REA Group up 1.1%, while tech stocks followed the Nasdaq's positive trend.

The Australian sharemarket, particularly impacted by a commodities sell-off, saw significant declines on Monday, with the S&P/ASX 200 dropping 0.8% to 7763.2 points. This downturn was led by a 1.8% fall in mining stocks, driven by a sharp decline in iron ore prices to $107.90 per tonne amidst concerns over Chinese demand and oversupply. Major miners like BHP, Fortescue, and Rio Tinto mirrored these losses. Meanwhile, Rex Minerals surged 56.4% to 43¢ following news of a buyout deal, contrasting with broader market trends.

At 11:35am, the S&P/ASX 200 is 0.36 per cent lower at 7,794.30, driven by a decline in iron ore prices.

At 11:30am, the S&P/ASX 200 is 0.05 per cent lower at 7,827.60, due to declines in mining and property stocks, despite earlier gains in the week.