ASX up 1.08% near noon: Materials surges over 2%
At 11:35am, the S&P/ASX 200 is 1.08 per cent higher at 7,823.40, buoyed by a strong performance in New York ahead of the July 4 holiday.
Read MoreAt 11:35am, the S&P/ASX 200 is 1.08 per cent higher at 7,823.40, buoyed by a strong performance in New York ahead of the July 4 holiday.
Read MoreMarkets continued to march upwards in light trade on a shortened trading session ahead of the Independence Day holiday. Megacap Tech names dominated the tape and set the positive tone for the broader market.
Read MoreIn May, Australian retail trade surged by 0.6 percent, surpassing expectations with strong year-on-year growth of 1.7 percent, attributed partly to early end-of-financial year promotions.
Read MoreAll three major indices rallied and bond yields fell after Federal Reserve chairman Jerome Powell said the disinflationary path is intact, opening the door to a pivot to rate cuts later this year.
Read MoreThe ASX experienced its second consecutive losing session of the new financial year, with the S&P/ASX 200 closing 0.4% lower due to interest rate concerns.
Read MoreThe ASX 200 is slightly down by 0.1% near midday, with losses in major banks like National Australia Bank and Commonwealth Bank offsetting gains in energy stocks due to stable oil prices amid concerns over Hurricane Beryl. The broader market remains subdued, contrasting with gains in New York and a rebound in French stocks following the latest parliamentary election results.
Read MoreUS shares rose on Monday led by the Tech sector which pushed the Nasdaq to a new record ahead of this weeks 4th July holiday.
Read MoreOn Monday, the Australian sharemarket initially declined slightly with the S&P/ASX 200 Index closing down 0.2% at 7750.7 points, as seven sectors recorded losses.
Read MoreThe Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming economic data releases and Reserve Bank policy minutes tomorrow.
Read MoreThe Australian sharemarket opened lower due to anticipation surrounding elections in the UK and France, amidst ongoing global uncertainty. At 11:35am, the S&P/ASX 200 is 0.29 per cent lower at 7,745, with technology stocks, notably WiseTech, declining by 1.9% and 4% respectively. Investors are also monitoring upcoming French elections, while domestic focus shifts to upcoming economic data releases and Reserve Bank policy minutes tomorrow.
Read MoreUS stocks edged lower on Friday as investors processed new economic data indicating a slowdown in inflation and better-than-expected consumer sentiment figures. The market also wrapped up a robust first half of 2024.
Read MoreMarkets continued to drift as investors stay on the sideline ahead of key inflation data due out on Friday US time.
Read MoreAt 11:30am, the S&P/ASX 200 is 1.18 per cent lower at 7,690.90, following inflation data that exceeded expectations, showing a 4 per cent increase for the year to May.
Read MoreEquity markets hovered around flat most of the day as investors stayed on the sidelines ahead of key inflation data due out on Friday.
Read MoreAustralia's sharemarket fell over 50 points on Wednesday, with the S&P/ASX 200 dropping 0.7% to 7779.5, following a spike in May's consumer price index to 4%, higher than expected.
Read MoreAustralian shares declined, mirroring losses seen in European and American markets, as investors awaited the release of Australia's monthly CPI data. The upcoming inflation figures, anticipated to increase from 3.6 per cent to 3.8 per cent annually, are crucial amid global economic uncertainties.
Read MoreNvidia snapped a three day sell off and led the broader market higher as investors remain cautious ahead of key inflation data due out later this week.
Read MoreAustralian shares climbed across the board on Tuesday, with the S&P/ASX 200 Index rebounding 1.4%, its biggest one-day gain since mid-May, nearing its record high.
Read MoreAustralian shares surged shortly after trading began on Tuesday, following Wall Street's lead as equities approached all-time highs, despite Nvidia's continued decline.
Read MoreThe Dow Jones outperformed the two other major indices as investors appeared to rotate out of tech and into financials and utilities, whilst the sell off in Nvidia gathered pace.
Read MoreThe Australian sharemarket experienced a decline on Monday, influenced by a series of disappointing company updates, leading to increased investor caution ahead of the upcoming monthly inflation report.
Read MoreShares on Australia's S&P/ASX 200 Index declined at the opening bell due to concerns over potential inflation acceleration prompting the Reserve Bank to consider raising interest rates, contrasting global easing trends. Healthcare stocks, notably ResMed, suffered significant losses following disappointing trial results. Additionally, weakened commodity prices, including a decline in Singapore iron ore futures, impacted mining shares like BHP.
Read MoreThe broader market index drifted lower on Friday as the recent Nvidia led rally finally looks to have run out of momentum.
Read MoreOil is set for consecutive weekly gains as a surprise draw in US inventory levels and strong demand signaled buoyant conditions in the world's top oil consumer, with West Texas Intermediate trading above $81 a barrel and Brent near $86.
Read MoreUS markets started the trading day in positive territory with the S&P 500 briefly passing the 5,500 level for the first time ever before giving up early gains and settling lower by the close.
Read MoreOn Thursday, the S&P/ASX 200 experienced slight losses despite Guzman y Gomez's successful debut, marking it as the largest IPO since November 2021.
Read MoreAustralian shares opened without much movement as the market aimed to prevent its third decline in four days this week. Meanwhile, European markets experienced a decline, and trading in Wall Street was halted due to a federal holiday.
Read MoreEuropean stocks closed mostly lower as momentum stalled in the absence of direction from US markets which were closed for the Juneteenth holiday.
Read MoreAustralian shares closed marginally lower on Wednesday despite a rise in energy stocks, with the S&P/ASX 200 slipping 0.1% to 7769.7 amidst subdued sector movements. Energy stocks led gains, supported by rising oil prices, while various sectors experienced modest declines, reflecting a generally quiet trading session.
Read MoreAt 11:30am, the S&P/ASX 200 is 0.09 per cent lower at 7,771. Australian shares saw modest declines despite gains in energy stocks, with the overall index experiencing a slight downturn.
Read MoreAnother Nvidia price surge saw the AI giant hit a new share price high and surpass Microsoft to become the most valuable public company.
Read MoreThe Australian sharemarket rose by 1 percent on Tuesday, with the S&P/ASX 200 Index closing at 7778.1 points, following the Reserve Bank's decision to keep its cash rate unchanged.
Read MoreAt 11:30am, the S&P/ASX 200 is 0.92 per cent higher at 7,771.10, mirroring a continued surge in New York where Tesla and Apple led gains in the blue-chip technology sector.
Read MoreMegacap tech names led the broader market to another record close as Nvidia hit a new intraday all time high amid growing optimism about Fed rate cuts.
Read MoreAustralian shares fell on Monday, with the benchmark S&P/ASX 200 closing 0.3% lower, led by declines in energy and mining sectors due to disappointing Chinese economic data and cautious sentiment ahead of the Reserve Bank’s rate decision.
Read MoreAustralian job advertisements, as measured by ANZ-Indeed, decreased by 2.1% in May, following a peak decline of 23.9% from November 2022, yet remaining over 20% higher than pre-pandemic levels.
Read MoreMarkets trade mixed with eight of eleven sectors in the broader index falling into negative territory.
Read MoreAt 11:30am, the S&P/ASX 200 is 0.35 per cent lower at 7,722.30, following Wall Street's surge to record highs, driven by increased investor confidence in companies poised to benefit from artificial intelligence.
Read MoreThe S&P 500 and Nasdaq both set a fourth consecutive closing record as fresh inflation data pointed to a further easing in price pressures.
Read MoreAustralian shares rebounded on Thursday, with the S&P/ASX 200 gaining 0.4% to reach 7749.7 points, driven by increases in sectors sensitive to interest rates such as property, banking, and technology.
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