Video

The Australian sharemarket is down by 0.7% at lunch, with all sectors in negative territory. Comments casting doubts over the likelihood of a US-China trade deal has pushed stocks lower.

The US sharemarket fell by close to 1% following five straight weeks of falls and after a long weekend. 29 of the Dow’s 30 stocks lost ground.

The ASX 200 has closed higher on Tuesday at 0.51%. Banks led the gains, along with Iron Ore prices which reached 5 year highs. The Aussie dollar sits at US$69.30.

The local share market has risen as yesterday’s bank losses turned to gains in early trade on Tuesday. Bulk iron ore miners jumped as iron ore prices added to the gains of recent days and weeks.

The US & UK markets were closed for holidays. Shares across Europe rose. Fiat-Chrysler & Renault surged on merger discussions. The Aussie market is set for a quiet start however a 4.2% surge in iron ore could boost our miners.

The ASX 200 has closed lower on Monday at -0.06%. Banks were the main weight. Vocus Communications (VOC) was the standout improver with a gain of around 17% in response to a takeover bid from private equity group EQT.

The ASX 200 has traded in and out of negative territory with a lack of direction on Monday in early trade. Banks are the main weight on the Index with all of the big four lenders lower by as much as 0.5% at lunch time.

The US sharemarket edged higher on Friday although fell short of putting an end to a five week losing streak for equities. The escalating US-China trade dispute has pushed technology and energy stocks lower.

The Australian sharemarket eased by 0.55% on Friday with energy stocks, banks and supermarket chains weighing most heavily. The price of oil fell by 5.7%; the biggest tumble of the year.

The Australian sharemarket is under pressure for a second day, with concerns of US-China trade tensions dragging energy stocks down while profit taking is pushing banks lower.

The Dow Jones index ended lower by 286 points or 1.1% after falling by more than 400 points at its lows. The S&P500 index lost 1.2%. And the Nasdaq index fell by 122 points or 1.6%.

The Australian sharemarket eased by 0.29% on Thursday after six straight sessions of gains. While there were more winners than losers on the market, profit taking from the banks weighed heavily.

The ASX 200 has retreated in early trade, reflecting weakness on Wall St overnight. Additionally, bank names have been the greatest weight on the index having posted considerable gains in recent days.

After being down 122 points at one stage, the Dow Jones index ended lower by 101 points or 0.4%. The S&P500 index lost 0.3%. And the Nasdaq index fell by 35 points or 0.5%.

Despite a quieter day for the Australian sharemarket, gains from property & energy stocks helped to keep the market positive as investors continue to digest the surprise election outcome.

The Australian sharemarket is down slightly at lunch while remaining near the 11.5 year high hit on Tuesday. Fortescue Metals (FMG) is a weight as it trades ex-dividend.

Jones index rose by 197 points or 0.8%. The S&P500 index rose by 0.9%. And the Nasdaq index rose by 83 points or 1.1%.

The Australian sharemarket hit an 11.5 year high thanks to a 0.37% gain on Tuesday. The RBA made comments suggesting rate cuts in June and August are possible.

Local shares were weighed down in early trade reflecting the losses on Wall Street, although the Index found its footing helped by the minutes from the last RBA meeting which pointed to a rate cut in the event that the employment market deteriorates.

The Dow Jones index lost 84 points or 0.3% after being down 203 points in the session. The S&P500 index fell by 0.7%. And the Nasdaq index lost 114 points or 1.5%.