Daily Market Update

The S&P/ASX200 almost turned around a sharply weaker start to trading on the final day of August, falling just 0.2 per cent on Wednesday. In a reverse of recent days, the energy sector was the biggest detractor after the European Union warned of a potential intervention in energy markets and China faces another COVID-19 outbreak….

The local market managed to overcome another weak global lead, gaining 0.5 per cent on Tuesday, with the energy sector a key support. Gaining 1.4 per cent on the back of a strong inaugural report by Woodside Energy (ASX:WDS) the sector was second only to technology, which gained 1.8 per cent. Renewed conflict in Libya…

The local market followed an increasingly negative global lead, ultimately finishing 2 per cent lower. The sole driver was commentary from Federal Reserve Chair Jerome Powell from the Jackson Hole summit, which suggested aggressive central bank action was unlikely to slow any time soon. The result was just four companies posting increases on the day,…

After two solid falls to start the week, the Australian market put three straight rises together by the end of Friday, to get itself back into the green for the week – but only just. The benchmark S&P/ASX 200 eased 10.4 points, or 0.2 per cent, for the week, to end at 7,104.1. while the…

The Australian share market took a positive lead from US markets into Thursday and was also buoyed by Asia-Pacific news and earnings results. The benchmark S&P/ASX200 index gained 50 points, or 0.7 per cent, to 7048.1, while the broader All Ordinaries was up 49.6 points, also 0.7 per cent, to 7291.9. The gains followed news of…

After a two-day drop caused by interest rate jitters in global markets before the Jackson Hole Economic Policy Symposium this weekend, the S&P/ASX 200 index ended Wednesday 36.3 points, or 0.5 per cent, higher at 6,998.1 points, while the broader S&P/ASX All Ordinaries Index gained 43.1 points, or 0.6 per cent, to 7,242.3. Earnings results pouring…

With a nervous mood prominent in the markets ahead of the Federal Reserve symposium this week, and earnings results pouring in, it was a difficult session for the local market on Tuesday. The benchmark S&P/ASX200 index closed down 85.1 points, or 1.2 per cent, to a nearly three-week low of 6961.8, while the broader S&P/ASX…

The benchmark S&P/ASX200 index finished Monday down 67.6 points, or 0.9 per cent, to 7046.9, in its worst session since July 11, while the broader S&P/ASX All Ordinaries lost 71.5 points, or just under 1 per cent, to 7287.2. The market is in a state of flux as June 30 earnings results flood-in, and also ahead…

The local market brushed off a number of weaker earnings results to post the slimmest of gains, finishing 1.7 points higher on Friday. This took the S&P/ASX200 to a fifth straight weekly gain of 1.2 per cent with the market now less than 10 per cent off the multi-year highs reached in January this year….

The Australian share market has experienced a similar reporting season trend to global markets with the trend being towards much better than expected results and far less volatility than predicted. The S&P/ASX200 fell 0.2 per cent with energy and healthcare both gaining more than 1 per cent, but technology and utilities reversing once again. On…

The local market overcame a brisk selloff in giant healthcare group CSL (ASX: CSL) to post another 0.3 per cent gain. The consumer sectors were the key drivers, with staples and discretionary finishing 1.7 and 1.4 per cent higher respectively following Walmart’s strong report overnight. The property sector also benefitted from a strong report by…

The Australian share market is showing few signs of slowing down, delivering another positive day with a 0.6 per cent gain. Daily moves are being driven by a generally positive reporting season with the materials, up 1.7 per cent, the key winner alongside healthcare and consumer staples. Both energy and property retreated one per cent…