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The Australian sharemarket is edging higher on 1 April, with mining and tech stocks lifting most. The ASX 200 has improved for six consecutive months thanks partly to the COVID-19 vaccine rollout.

Investors awaited details of US President Joe Biden’s reported US$2 trillion-$4 trillion infrastructure package with a proposal to lift the corporate tax rate to 28% to fund the plan.

The ASX 200 has snapped its two-day losing run to finish the month and quarter with gains. The index rose 52pts or 0.8% to 6790 with all sectors rising. The local market has now risen for the past 6 months with a 1.8% rally in March.

The ASX 200 is well advanced at lunch on Wednesday. The index is lifting 89 points or 1.33% to 6,827 at midday.

Mega cap technology shares came under pressure from rising bond yields. Shares of Apple (-1.2%) and Microsoft (-1.4%) both fell.

Aussie shares got out of the blocks quickly before stumbling as the session progressed, similar to Monday’s performance. The ASX 200 fell 61pts or 0.9% and had its worst day since Feb 26 this year. Resources led declines while tech outperformed.

The Dow Jones index rose by 98 points or 0.3% to a record closing high after being down 160 points. But the S&P 500 index fell 0.1% and the Nasdaq index lost 79 points or 0.6%.

The Aussie market has snapped its 3-day winning run with rather broad losses to start the week. Technology and travel stocks were among weaker performers while miners advanced. Mortgage Choice (MOC) was a big winner receiving a $244 million takeover offer.

The Aussie market is easing from its firmer open with the ASX 200 softer at lunch. Losses are led by IT & consumer stocks with travel names hit by the snap 3-day lockdown in parts of greater Brisbane. The resources sectors are leading improvers.

The Dow Jones index rose by 453 points or 1.4%. The S&P 500 index lifted 1.7%, hitting a record closing high. And the Nasdaq index gained 161 points or 1.2%. For the week, the S&P 500 rose 1.6% and the Dow lifted 1.4%, but the Nasdaq slipped 0.6%.

Catch up on the full webinar with a keynote presentation from DNR Capital & presentations from Alterra Limited (ASX:1AG), LBT innovations (ASX:LBT) , Plenti Group Limited (ASX:PLT) & Nanoveu Limited (ASX:NVU)

The Australian sharemarket rose by 0.5% on Friday, lifting for a third day while having its best week since early February and is in its sixth straight month of gains.

The Dow Jones index rose by 199 points or 0.6% after being down 348 points. The S&P 500 index lifted 0.5% and the Nasdaq index gained 16 points or 0.1%.

The Aussie market managed to lift with a late spike pushing the ASX 200 11pts or 0.17% higher. The local market lacked much conviction in its moves as financials, & IT weighed while health and consumer discretionary outperformed.

The Aussie market is lifting from a flat start with the ASX 200 rising on strength from financials & healthcare in particular. Energy names are rebounding on a 6% rise in oil prices while technology lags.

Investors responded to the positive testimony by the US Federal Reserve chair Jerome Powell and Treasury Secretary Janet Yellen to the Senate Banking Committee. But while financials, industrials and energy rose, technology shares eased.

The Australian sharemarket edged higher by 0.5% on Wednesday, with most sectors finishing higher. Around $5bn in dividends were distributed by a handful of companies while energy stocks fell heavily as oil prices declined overnight.

The Australian sharemarket is lifting despite a weak lead from Wall Street and a 6% tumble in oil overnight. Losses from energy stocks, miners and travel firms are being offset by gains across most sectors.

US sharemarkets were dragged lower by falls in financials and energy sectors. Oil fell 6% on worries about extended lockdowns in Europe. The Dow Jones index fell by 308 points or 0.9%. The S&P 500 index lost 0.8%.

The Australian sharemarket failed to hang onto this morning’s gains, with the ASX 200 closing 0.1% lower on Tuesday. BHP snapped a six-day losing streak and paid investors a record dividend, while Airtasker rose 61.5% on its first day of trade.

The Australian sharemarket is lifting for a second day and has recouped all of last week’s declines. Kathmandu (KMD), Sigma Healthcare (SIG) and New Hope (NHC) are up following the release of earnings.

The Dow Jones index closed higher by 103 points or 0.3%. The S&P 500 index gained 0.7%. And the Nasdaq index climbed by 162 points or 1.2%.

The Aussie market has started the week on a high with its first improvement in four sessions. Crown Resorts led a broad rally while miners & insurers were weaker. Storms and floods on the east coast have seen large claim numbers for the likes of IAG and Suncorp.

The Aussie market is trading higher for the first time since last Tuesday with the ASX 200 lifting on the back of a big rise in Crown resorts. The casino operator has received takeover offer from US investment group Blackstone.

Catch up on the full webinar with presentations from Ausbil Investment Management, Gascoyne Resource Limited ASX:GCY, 3D Oli ASX:TDO, Magnetite Mines ASX:MGT & Red River Resources ASX:RVR 

US-China political tensions increased at a summit in Alaska. The Nasdaq index lifted as investors bought the dip in technology shares with Facebook (+4.1%), Amazon (+1.6%) and Netflix (+1.5%) all lifting.

Luke Smith – Co Portfolio Manager of the Ausbil Global Resources Fund gives his insights on Chinese demand, the commodity super-cycle, battery materials & portfolio positioning.