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The Australian sharemarket has recouped Thursday’s losses with almost all sectors higher at lunch. Retailers Adairs (ADH) and Nick Scali (NCK) are surging on solid sales.

Investors weighed the latest US economic data against reports of fresh outbreaks of the virus. The 58,000 weekly drop in unemployment claims was the smallest since claims began to retreat in early April.

While the Australian sharemarket fell by 0.9% on Thursday, it improved from this morning’s lows (down 1.7% at 11:35am AEST) despite the unemployment rate lifting to a 19-year high of 7.1%.

The Australian sharemarket snapped two days of gains with a decline of 1.5%. Almost all sectors are losing ground, with a bigger than expected decline in employment pushing equities and the dollar lower.

While blue-chip stocks fell from session highs, technology shares out-performed. Investors were concerned about a lift in virus cases in some US states and in Beijing.

Investors were a little more cautious today after yesterday’s big rally. The ASX 200 ended a choppy day’s trade higher by 49.5pts or 0.83% to 5,991 to close at the best levels of the session. Most sectors improved as more defensive sectors outperformed with consumer staples and healthcare among the big advances.

The ASX 200 is having a hard time deciding where to go as it swings between small gains and losses in the first few hours of trade. Losses for the banks, miners and energy stocks have kept a lid on the market.

A record jump in retail sales increased investor optimism about the US economic recovery. US Federal Reserve Chairman Jerome Powell said the US economy may be bottoming out in his semi-annual testimony to US Congress.

The Aussie market has enjoyed a sharp turnaround from recent losses with the ASX 200 lifting for the first time since last Wednesday. The index jumped 222 points or 3.9% to 5,942 as markets globally rallied on further stimulus talk out of the US, even as coronavirus cases rise in parts of the US & China.

The Aussie market is looking to snap its three day losing streak with a major comeback. At lunch, the ASX 200 is up by 3% with nearly every stock in the index improving. Leading the rebound are tech, banks, energy and retailing names.

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The Aussie market has slumped to its third session of losses as it took its lead from the fall in US futures. The ASX 200 has given back close to 7% in the past three sessions with 128 points or 2.2% lost today.

The Aussie market has slumped to its third session of losses as it took its lead from the fall in US futures. The ASX 200 has given back close to 7% in the past three sessions with 128 points or 2.2% lost today.

It’s been a mostly softer start to the new week with the ASX 200 again in the red at lunch on Monday, making it a third day in negative territory for the benchmark index. Concerns are resurfacing about fresh COVID19 infections around the world leading to a potential second wave.

US sharemarkets rebounded on Friday after the biggest fall in 12 weeks on Thursday. The Dow Jones index rose by 477 points or 1.9% after rising as much as 837 points during the trading session.

The Australian sharemarket slumped by 1.9% on Friday, putting an end to the market’s six-week winning streak. While all sectors slumped, the banks were the main weight.

The Australian sharemarket is slumping for a second day following a near 7% decline for the Dow Jones overnight. Around 97% of stocks on the ASX 200 are currently losing ground although shares are bouncing off their intraday lows.

US jobless claims remained elevated. The report came out a day after the US Federal Reserve provided a dour outlook for the US economy.

The Australian market had its worst day in six weeks, with the ASX 200 back below 6,000pts. Travel stocks and banks were among the worst performers.

The Australian sharemarket is down by around 2% on Thursday, with losses from the banks weighing most heavily. Keep in mind that this follows seven straight days of gains for our market.

US sharemarkets were mixed again in a volatile session on Wednesday as investors digested the latest comments by the Fed chair. Banks fell but technology shares rose.

The ASX 200 has had its best day in 2 weeks with a 2.45% rally as banks did much of the heavy lifting. The index closed at the best levels in three months as global optimism helps drive equity markets higher.

The Aussie market has turned around an early deficit to continue its recent rally into a seventh session. The ASX 200 fell 50 points or 0.8% early before turning positive as losses for financials, energy and property offset improvements for all other sectors, led by health & IT.

Investors are awaiting word from the US Federal Reserve about yield curve control and negative interest rates, subjects of broad speculation, after its policy meeting ends on Wednesday.

The ASX 200 has had its best day in 2 weeks with a 2.45% rally as banks did much of the heavy lifting. The index closed at the best levels in three months as global optimism helps drive equity markets higher.

Aussie shares are surging higher as the holiday-shortened week kicks off, with the ASX 200 lifting by 2.3 percent at lunch.

US sharemarkets rose on Monday as easing lockdowns boosted economic optimism. The tech-focused Nasdaq index hit a new intraday record high. Boeing (+12.2%) led gains on the Dow Jones index. Occidental Petroleum’s shares rose by 17.4% after Bloomberg reported that the company is reviewing options for its Middle Eastern assets. The Dow Jones rose by 461 points or 1.7%. The S&P500 index rose 1.2% – turning positive for 2020. And the Nasdaq index rose by 110 points or 1.1%.

The Aussie market has improved for five straight days, with the ASX 200 hovering around three-month highs thanks to gains from the banks.

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Aussie shares are slipping for the first time this week, however have bounced off this morning’s lows with the ASX 200 closing in on 6,000pts.

US sharemarkets were mixed on Thursday ahead of Friday’s jobs report. Investors are also awaiting plans for the next round of US economic stimulus.

The Aussie market extended its winning streak to 4 days as the economy continues to reopen. Most sectors finished higher.

Local shares are still climbing for a fourth day in a row and the ASX 200 briefly breached 6,000 points for the first time since March 9. But the index is now only 30 points or 0.5% higher at 5,972, having peaked at 6,040 earlier.

Investors looked past riots and lockdowns, focussing on signs of recovery. Shares in Boeing rose 12.95% on news that billionaire investor Daniel Loeb’s Third Point had purchased a stake in the company.

Investors have taken recession talks in their stride with the ASX 200 firming for a third day in a row and hitting fresh three month highs. The index rose 106 points or 1.83% to 5,941.