Markets

In May, Australian employment rose by 39,700, reducing the unemployment rate to 4%.

The Australian sharemarket extended losses on Wednesday, with the S&P/ASX 200 Index dropping 0.5% amid investor anxiety over the imminent US Federal Reserve interest rate decision.

At 11:30am, the S&P/ASX 200 is 0.69 per cent lower at 7,701.90, reflecting Wall Street's mixed performance where banking stocks weighed on the Dow Jones while the Nasdaq and S&P 500 were lifted by Apple's 7.3% surge.

The sharemarket experienced a significant decline as anticipation grew for the US Federal Reserve to delay immediate rate cuts, compounded by political uncertainty stemming from far-right gains in European elections and concerns about the bloc's future.

At 11:30am, the S&P/ASX 200 is 1.27 per cent lower at 7,760.30, mirroring losses in Europe due to better-than-expected performance by far-right parties in weekend elections, and in anticipation of the US Federal Reserve's resistance to immediate rate cuts.

Australian shares opened with a 0.2% increase driven by gains in mining sectors like iron ore, lithium, and coal, although this was tempered by weaknesses in healthcare and technology. At 11:30am, the S&P/ASX 200 is 0.18 per cent higher at 7,835.70.

Australian shares rose on Thursday following a record-breaking session on Wall Street, fuelled by Canada’s central bank lowering its cash rate by 25 basis points to 4.75 per cent.

Australian shares opened 0.6% higher as US tech gains and the Bank of Canada's rate cut bolstered hopes for global rate reductions.

On Tuesday, the Australian Securities Exchange (ASX) witnessed a downturn, predominantly influenced by a notable sell-off in mining and energy sectors, triggered by weakened commodity prices. The S&P/ASX 200 index slid by 0.3%, equivalent to 23.9 points, halting a two-day consecutive upward trend, while the broader All Ordinaries index also experienced a decline of 0.4%, settling at 7994.1 points. Among the eleven sectors on the ASX, nine ended the day in negative territory, with energy and materials sectors bearing the brunt of the losses.

Aus shares began the session with minimal change, leveling off shortly after the market opened. This stagnation was attributed to a decline in commodity prices, which adversely affected mining firms, counterbalancing any positive momentum in the healthcare sector.

The Australian share market began June with strong gains, following a positive trend in US stocks driven by subdued inflation data, prompting confidence in potential future rate cuts by the Federal Reserve.

The Australian sharemarket has risen in June, continuing its recovery from recent sell-offs, with a 0.82 per cent rise at 11:30am following modest gains on Wall Street. This follows a 1 per cent jump on Friday, driven by traders unwinding earlier sell-offs prompted by concerns over inflation and potential Reserve Bank interest rate hikes.

At 11:30am, the S&P/ASX 200 is 0.49 per cent higher at 7,665.70, following a three-day sell-off, driven by broad buying spurred by slightly elevated April inflation data.

The Australian stock market sustained its downward trajectory for the third consecutive session, witnessing a 0.5% decline as reflected by the S&P/ASX 200 index closing at 7628 points. This dip extended the market's reach to three-week lows, a downturn triggered by persistent apprehensions surrounding inflationary pressures.

Australian shares have declined, mirroring the weakness in New York amidst diminishing risk appetite due to concerns surrounding the trajectory of interest rates, with the S&P/ASX 200 down 0.57 per cent at 7,621.80 at 11:30am, marking a continuation of its three-week lows and a cumulative fall of over 2.5 per cent in the last five sessions. This downturn echoes the losses observed on Wall Street, where the Dow Jones decreased by 1.1 per cent, the S&P 500 by 0.7 per cent, and the Nasdaq by 0.6 per cent.

Australian shares slumped to a three-week low as the pace of inflation unexpectedly rose in April, diminishing investor expectations for an interest rate cut by the Reserve Bank this year.

Australian shares fell to a three-week low, reflecting weakness in New York, as investors awaited local inflation data for clues on interest rates.

Aus shares dipped slightly, driven by declines in the tech, retail, and healthcare sectors, following a sideways trend as Wall Street was closed for Memorial Day.

Australian retail trade rose by 0.1 per cent in April, below the expected 0.2 per cent increase, following a 0.4 per cent decline in the previous month.

Australia's stock market rebounded on Monday, with the S&P/ASX 200 Index closing 0.8% higher at 7788.3 points, primarily driven by gains in the rate-sensitive property sector, which surged by 1.8%.

The Australian sharemarket rebounded from last week's sell-off, with the S&P/ASX 200 gaining 0.7% at 7,781.50 by 11:30am , driven by a recovery in the property sector following concerns about US interest rates.

Australian shares opened lower on Friday, declining by 0.93 per cent by 11:35am due to weakness in commodities and following a sell-off on Wall Street.

The Australian stock market experienced a decline on Thursday, attributed to concerns raised by the latest US Federal Reserve meeting minutes regarding the pace of disinflation. This led to profit-taking in commodities.

Australian shares have decreased by 0.9% at 11:30am, in response to the Federal Reserve's concerns over inflation, mirroring Wall Street's decline. The Fed's minutes indicated a potential for further tightening of monetary policy, leading to a drop in treasuries, oil prices, and gold, while BHP's shares fell 3% due to rejection of its acquisition offer by Anglo American.

Shares on the S&P/ASX 200 dipped 0.05%, primarily driven by a decline in retail and consumer stocks despite gains in the mining sector.