Lunch Report: ASX weighed by mining & tech losses
The Aussie market is retreating at lunch having opened higher, following gains on Wall Street. The ASX 200 is trading around five week lows as mining & tech stocks lead losses.
Read MoreThe Aussie market is retreating at lunch having opened higher, following gains on Wall Street. The ASX 200 is trading around five week lows as mining & tech stocks lead losses.
Read MoreThe rotation into cyclical and value stocks resumed. US House Democrats passed a US$1.9 trillion coronavirus relief package. Tame consumer prices data for February eased concerns about a spike in inflation and elevated bond yields.
Read MoreThe Australian sharemarket fell for the first time this week, with the ASX 200 closing at an intraday low, dropping 0.84%. The market was held back most by iron ore miners, banks and energy stocks.
Read MoreThe Aussie market has turned negative at lunch following a strong open. The ASX 200 is being weighed by losses for major miners following a 6.1% drop in iron ore prices while the big 4 banks also trade in the red.
Read MoreThe Dow Jones index closed higher by 30 points or 0.1% after hitting an intra-day record high. The S&P 500 index lifted 1.4% and the Nasdaq index climbed 465 points or 3.7%.
Read MoreThe Aussie market recorded its first back-to-back improvements for the first time in three weeks. It was a similar performance to Monday where early morning momentum stalled around lunch. Banks and health stocks helped lift most.
Read MoreThe Aussie market is experiencing a split in performance between the tech stocks and the rest of the market as investors continue to digest the moves higher for bond yields and the impact on high growth stocks.
Read MoreThe Dow Jones index climbed, led by value and cyclical stocks poised to benefit the most from an economic rebound, after US Treasury Secretary Janet Yellen said the US$1.9 trillion Covid-19 relief package would fuel a “very strong” US recovery.
Read MoreThe ASX 200 snapped back to back losses to end last week with a gain of 29 points or 0.434%. At one stage, the index was more than 100 points higher but faded throughout the afternoon. Banks, miners and staples performed best while technology & BNPL stocks weighed.
Read MoreThe Aussie market is roaring higher to start the new week with the ASX 200 surging 115 points or 1.7% to 6,825.
Read MoreUS sharemarkets rebounded from lows in a volatile session on Friday. US bond yields eased from highs. And the better-than expected lift in jobs buoyed investor sentiment.
Read MoreCatch up on the full webinar with presentations from Poseidon Nickel (ASX:POS), Open learning (ASX:OLL), PayGroup (ASX:PYG), Cirralto limited (ASX:CRO)
Read MorePresenter – Sachin Goklaney – CEO – PayGroup aims to provide multi-national and workforce management companies a single view of their workforce and meet their regulatory requirements across the Asia Pacific Region.
Read MorePresenter – Adam Brimo – CEO – OpenLearning is a software as a service company that provides a scalable online learning platform to education providers and a global marketplace of world-class courses for learners of all levels.
Read MorePresenter – Adrian Floate – CEO & Managing Director – Cirralto is a transaction services business supplying industries with a broad range of B2B payment services, digital trading software and integration solutions.
Read MorePresenter – Peter Harold – Managing Director & CEO – Poseidon Nickel Limited is a nickel sulphide exploration and development company with three projects in the Goldfields region of Western Australia
Read MoreThe Australian sharemarket fell by 0.74% on Friday, but thanks to gains on Monday and Wednesday managed to snap a three-week losing streak.
Read MoreThe Australian sharemarket is down by more than 1% at lunch as US stocks declined and most sectors are in the red.
Read MoreThe US Fed chief failed to allay investor worries about rising bond yields. Technology shares led losses. But the energy sector lifted in response to higher oil prices.
Read MoreIt was another rocky ride for the Australian sharemarket, with the ASX 200 slipping by 0.84% following BHP, RIO and CSL trading ex-dividend.
Read MoreThe Australian sharemarket is down by 0.8% at lunch, following a weak lead from Wall Street and a number of stocks trading ex-dividend.
Read MoreUS sharemarkets were choppy on Wednesday. Technology stocks fell most in response to a rise in bond yields; US 2-year yields rose 2 points to near 0.14%.
Read MoreThe Australian sharemarket rose by 0.8%, pushing higher following strong GDP data and easily recouping Tuesday’s declines.
Read MoreGeneticSignatures (ASX: GSS) a specialist molecular diagnostics (MDx) company, plans to leverage its existing suite of real-time screening products into an expanding customer base.
Read MoreThe Australian sharemarket’s choppy start to the week and month continues, with the ASX 200 up 0.6% thanks mainly to gains from mining companies and banks.
Read MoreShares of Target slumped 6.8% on an underwhelming profit outlook. Tech giants Apple (-2.1%), Facebook (-2.2%), Microsoft (-1.3%) and Tesla (-4.5%) dragged down the Nasdaq index.
Read MoreThe Aussie market has given back its early improvements with the ASX 200 falling 27 points or 0.4% having been as much as 1% higher near the open. Resources were the main decliners while financials & consumer staples advanced.
Read MoreThe Aussie market is adding to Monday’s big gains, although gains are fading from opening highs. Financials, IT & materials are lifting most while energy & property weigh.
Read MoreBond yields stabilised. The US House of Representatives passed a US$1.9 trillion coronavirus relief package on Saturday. Johnson & Johnson (+0.5%) said its authorised Covid-19 vaccine will be available in 1-2 days.
Read MoreAustralian oncology-focused company, Kazia Therapeutics has just announced a license agreement with Swedish speciality pharmaceutical company Oasmia Pharmaceutical for its ovarian cancer drug Cantrixil.
Read MoreThe ASX 200 has enjoyed its best daily performance since November 9 last year with the benchmark index climbing 116 points or 1.74% to 6,789. All sectors advanced with IT, health & communications improving most.
Read MoreThe Australian sharemarket is lifting by 1.5% after recording its biggest daily tumble in five months on Friday. Most sectors are higher.
Read MoreUS markets were mixed on Friday with the Dow Jones slumping by 1.5% while tech stocks recouped a small portion of their weekly declines. The Nasdaq slumped by 4.9% last week as bond moves kept markets choppy.
Read MoreCatch up on the full webinar with presentations from Painchek (ASX:PCK), CV Check (ASX:CV1), Galan Lithium (ASX:GLN), Calima Energy (ASX:CE1)
Read MorePresenter – Rod Sherwood – CEO – CV Check provides verified information to support people in building trust and growing honest relationships.
Read MorePresenter – JP Vargas de la Vega – Managing Director – Galan Lithium is an Australian based international mining company developing high grade lithium brine projects in the lithium triangle region of South America.
Read MorePresenter – Philip Daffas – CEO & Director – PainChek is transforming pain management to help give a voice to those who cannot verbalise their pain. PainChek uses facial recognition and artificial intelligence to detect pain.
Read MorePresenter – Michael Dobovich President – Calima Energy’s principal activity is investing in oil and gas exploration and production projects internationally.
Read MoreWhile the Aussie market fell by 2.35%, had its worst day in five months and hit a four-week low, the ASX 200 still managed to eke out some gains in February. This extends the market’s winning streak to five straight months.
Read MoreThe Australian sharemarket is down by more than 2%, with losses across every sector as bond market action continues to receive attention.
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