Local markets close in the green following benign CPI print
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The Australian market continued to trade close to flat for the afternoon, following fairly benign inflation data, finishing 0.5 per cent higher.
Read MoreThe Australian market continued to trade close to flat for the afternoon, following fairly benign inflation data, finishing 0.5 per cent higher.
Read MoreThe Australian market hovered near flat for the morning session until the release of February CPI data at 11.30am which then nudged the market into slight positive territory.
Read MoreUS markets fell off in afternoon trading to finish in negative territory for the 3rd trading day in a row. Trading volumes remained light ahead of a short trading week and Easter break.
Read MoreThe Australian market took its lead from the US market overnight and drifted into negative territory.
Read MoreUS markets finally took a breather as the Easter break will mean a shorter and quieter trading week.
Read MoreThe S&P/ASX 200 opened in positive territory and continued to push higher during the morning session led by mining and energy names. The S&P/ASX 200 was 0.7% higher as the market approached midday.
Read MoreThe three major indexes drifted over the last session of the week to finish mixed on the day, but ending with the best week of 2024 so far.
Read MoreAustralian equities ignored the US lead and drifted lower and into negative territory over the morning session with the S&P/ASX 200 trading down 0.34%, weighed down by consumer discretionary and energy stocks.
Read MoreContinued interest in AI and the big tech stocks provided the momentum to push the three main indexes to new record closes.
Read MoreAustralian markets rallied into the close, shrugging off the bigger-than-expected jobs data. The S&P/ASX 200 finished the day up 1.1%.
Read MoreAustralian markets followed the US lead overnight and opened stronger with the S&P/ASX 200 up 0.37 per cent as we approach midday.
Read MoreUS markets continued to rally with the S&P500, Nasdaq and Dow Jones index all closing at new highs after the Fed reaffirmed its intention to cut rates at least 3 times this year.
Read MoreAustralian stocks have extended their rally for a third day, taking their lead from US markets overnight with the S&P/ASX trading up 0.17% at 7,716 at midday.
Read MoreStocks rallied on Tuesday with all three key indexes finishing the day in the green. All eyes and attention remain focused on the Federal Reserve policy meeting currently in progress.
Read MoreOn Tuesday, the ASX experienced gains following the Reserve Bank's decision to keep the cash rate steady at 4.35 per cent, in line with expectations.
Read MoreAustralian shares drifted in and out of negative territory in thin trading after a positive open as the market awaits the Reserve Bank’s rates decision at 2.30pm and governor Michele Bullock’s press conference. Consensus is for rates to remain unchanged.
Read MoreStocks rose on Monday driven by a rally in tech leaders as Wall Street focuses on a key artificial intelligence conference and new monetary policy guidance from the Federal Reserve.
Read MoreThe Australian sharemarket ended Monday's session almost unchanged, with the S&P/ASX 200 closing marginally higher by 0.07 per cent at 7675.8 points, driven by late-session recovery but still witnessing losses in the real estate sector due to caution surrounding the Reserve Bank of Australia's upcoming decisions.
Read MoreThe Reserve Bank of Australia commenced its two-day meeting, expected to maintain current interest rates, although markets are pricing in a potential rate cut in September despite signals from RBA governor Michele Bullock and her predecessor, Philip Lowe, suggesting the possibility of further rate increases.
Read MoreThe S&P 500 fell on Friday and notched its second-straight weekly loss, with technology stocks under pressure as inflation concerns remain front and centre ahead of the Federal Reserve’s policy meeting next week.
Read MoreAustralian shares declined by 1.1% early in the trading session, mirroring losses in New York, as concerns over US inflation data suggested a cautious approach by the Federal Reserve towards rate cuts.
Read MoreThe Dow Jones Industrial Average fell Thursday and snapped a 3-day win streak after the release of hotter-than-expected U.S. inflation data sent Treasury yields higher, while Nvidia shares were under pressure.
Read MoreOn Thursday, the Australian sharemarket slightly declined by 0.2 percent, driven primarily by a downturn in the financial sector, particularly among the major banks, offsetting gains in the mining sector sparked by a rally in copper prices following potential production cuts by Chinese smelters.
Read MoreAustralian shares opened lower with a 0.2% decline in the S&P/ASX 200, attributed to a 1.1% drop in financials, driven by downgrades from Macquarie on the big four banks, while the materials sector rose by 1.5% due to rebounds in iron ore miners Rio Tinto, BHP, and Fortescue, following three-month lows earlier this week.
Read MoreOn Wednesday, the S&P 500 pulled back from a record reached in the previous session, as Nvidia cooled off from its red-hot rally.
Read MoreShares rose by 0.2 percent as investors monitored US inflation, interpreting it as not hindering the Federal Reserve's potential interest rate cut by mid-2024.
Read MoreThe S&P/ASX 200 opened with a 0.2% increase, driven by gains in retail and healthcare sectors despite declines in energy and resources.
Read MoreStocks jumped Tuesday after fresh U.S. inflation data was about in line with expectations, clearing the way for investors to resume buying high-flying tech names such as Nvidia and Meta Platforms.
Read MoreAustralian shares started trading slightly higher on Tuesday, driven by gains in banking stocks following modest movements in New York, with investors eyeing the US February CPI report for insights into future Federal Reserve interest rate decisions.
Read MoreThe S&P 500 wavered on Monday as the rally that brought the major averages to record highs cooled off. Investors also looked ahead to fresh U.S. inflation data.
Read MoreThe Australian sharemarket experienced its most significant sell-off in over a year, with the S&P/ASX 200 Index tumbling 1.8% from a record high, led by declines in the materials and energy sectors alongside profit-taking in banks.
Read MoreThe Australian sharemarket experienced a decline at the opening, influenced by a pause in the bull market on Wall Street the previous Friday. Particularly, the materials, healthcare and energy sectors performed poorly, each dropping over 1%. BHP, a major index constituent, experienced a percentage loss. CSL, a blood plasma collector, also saw a decline of 1.8%.
Read MoreStocks retreated on Friday, closing out a turbulent week as Nvidia’s incredible run took a breather.
Read MoreThe S&P/ASX 200 reached a record high of 7802 points fueled by a surge in stocks related to artificial intelligence, echoing the trend that propelled the S&P 500 and Nasdaq to all-time highs on Wall Street.
Read MoreStocks rose Thursday, pushing the S&P 500 and Nasdaq Composite back to record highs, as hope over easing inflation and gains in tech aided Wall Street’s midweek bounce.
Read MoreOn Thursday, Commonwealth Bank shares surged to a record high of $119.37, alongside National Australia Bank and Westpac reaching notable highs, propelling the S&P/ASX 200 index to a second consecutive day of gains, reaching 7763.7 points, with financials climbing by 0.6 percent while the resources sector dipped by 0.92 percent due to major companies going ex-dividend.
Read MoreAustralian shares rose by 0.2% in early trading, buoyed by the tech sector's gains following a positive trend on Wall Street, sparked by US Fed Chair Jerome Powell's indication of an expected pivot to rate cuts in 2024. At 11:30, the S&P/ASX 200 is 0.26 per cent higher at 7,753.5.
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