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China weakness sends market lower, Brambles confirms takeover talks, Qube jumps

The local market commenced the week on a more positive note, with the S&P/ASX200 gaining 0.3 per cent on the back of a strong performance from the industrials sector, which finished 2.4 per cent higher. Technology shares also rallied behind the likes of Xero (ASX: XRO) up 2.1 and 4.4 per cent as falling bond…

Drew Meredith | 17th May 2022 | More
Market turns on tech sector, Block, Xero surge, gold miners weaken

The local market finished the week on a high note, gaining 1.9 per cent on the back of an incredible surge in the technology sector. The mid-session turnaround in the Nasdaq pushed the technology sector to a 6.9 per cent gain after the US-listed payment provider and owner of Afterpay, Block (ASX: SQ2) gained 15…

Drew Meredith | 16th May 2022 | More
Tech sinks local market, Commonwealth Bank profit up, Bitcoin ETF launches

The technology sector all but sunk the local market today with the S&P/ASX200 sinking 1.8 per cent on the back of an 8.2 per cent fall in the sector. Every other sector was lower, with energy and real estate down more than 2 per cent and financials outperforming by falling just 0.8 per cent. Just…

Drew Meredith | 13th May 2022 | More
  • Market rallies off lows, Asia turns, Magellan hires new CEO

    The domestic market managed to eke out a small gain, recovering from as much as 1 per cent down to send the S&P/ASX200 0.2 per cent higher on Wednesday. Positive signs from Asia, including a broadly expected jump in Chinese inflation contributed to the settling of nerves with the materials sector recovering 0.9 per cent….

    Drew Meredith | 12th May 2022 | More
    Local stocks fight back, weight of numbers push market lower, Pendal’s surprise

    The local sharemarket followed global markets lower, with the S&P/ASX200 opening as much as 2.5 per cent lower. The day’s trade was a story of the weight of numbers, with every sector barring communication finishing lower, but more companies gaining than falling. The size and scale of weakness in energy and commodities, down 2.1 and…

    Drew Meredith | 11th May 2022 | More
    Stocks down as China extends lockdown, property, tech selloff, Westpac reports

    There are few signs that the global selloff is slowing down, with a weak US lead on Friday contributing to another 1.2 per cent fall on the S&P/ASX200. The threat of higher interest rates and inflation are now been compounded by news that the Chinese government had extended lockdowns in key capital cities potentially adding…

    Drew Meredith | 10th May 2022 | More
  • Selloff worsens, every sector lower, tech slumps, Macquarie delivers bumper profit

    The local market closely followed the global lead with the S&P/ASX200 experiencing its worst session since Russia invaded Ukraine. All 11 sectors of the market were lower with technology and real estate the hardest hit, down 4.5 and 3.4 per cent for the day, whilst consumer staples naturally outperformed, falling just 0.2 per cent behind…

    Drew Meredith | 9th May 2022 | More
    First day of new interest-rate environment was a slight downer for Australian share market.

    The first day of a new interest-rate environment was a slight downer for the Australian share market, with the benchmark S&P/ASX 200 easing 11.5 points, or 0.2 per cent, to 7304.7 points. The gauge has lost 1.8 per cent this week, to be down 1.9 per cent since the start of the year.  The S&P/All…

    Drew Meredith | 5th May 2022 | More
  • Interest rate rise hits Aussie market

    The first interest rate hike in Australia in 11-and-a-half years took centre stage on the Australian markets yesterday. The Reserve Bank of Australia (RBA) lifted the cash rate by 25 basis points, or 0.25 percentage points, taking it to 0.35 per cent, and signalled that more rate rises were ahead, as the central bank seeks…

    Drew Meredith | 4th May 2022 | More
    ASX gains but down for the week, every sector rallies, Kogan tanks, Origin up on energy prices

    The domestic market continues to outperform our global peers, with the S&P/ASX200 gaining 1.1 per cent on Friday, but still finishing the week 0.5 per cent lower. Every sector was higher, led by technology and communications which gained 2.2 and 1.9 per cent, and nine of the market’s 11 sectors gained more than 1 per…

    Drew Meredith | 2nd May 2022 | More