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ASX down 0.2 per cent, unemployment surprise, iron ore rallies The S&P/ASX200 (ASX: XJO) finished the week on a stronger note, gaining 0.8 per cent behind a strong recovery in the mining sector, which gained 2.3 per cent. The likes of Fortescue (ASX: FMG) and BHP (ASX: BHP) added 2 and 2.8 per cent respectively on the back of a rise in the…

ASX falls, unemployment jumps, Ramsay, Nearmap struggle The S&P500/ASX200 (ASX: XJO) fell throughout the session ultimately finishing 0.6 per cent lower with Fortescue (ASX: FMG) a rare standout. The company gained over 8 per cent after the CEO delivered a speech highlighted the huge green energy opportunity and dry powder that Fortescue Future Industries had available. The rally supported the materials sector which gained 2.3 per…

Market weakens, NAB hits three year high, Vicinity centres ‘positive signs’ The S&P/ASX200 (ASX: XJO) weakened throughout the day, ultimately finished 0.2 per cent lower as both the energy and materials sector continued to fall. Iron ore prices remain under pressure due to well publicised steel mill shutdowns which sent BHP (ASX: BHP) down 2.5 per cent and Fortescue (ASX: FMG) another 2 per…

ASX falls, NAB down despite dividend, James Hardie profit triples The S&P/ASX200 (ASX: XJO) fell another 20 points of 0.2 per cent on Tuesday, with selling pressure among the banking sector the biggest detractor. Only materials, healthcare and tech companies were higher as we near the end of another reporting season. The financial sector was down by more than 1 per cent after the National…

Markets weaker on tech, healthcare, BHP sells coal, Sydney Airport deal done The S&P/ASX200 (ASX: XJO) experienced a rare loss on Monday, falling around five points or less than 0.1 per cent as a selloff in the technology and healthcare sector offset gains in energy and mining. Healthcare fell by over 1 per cent with CSL (ASX: CSL) a major detractor, pulled lower by surging…

ASX overcomes bond yields, Link’s new bid, News Corp delivers record The S&P/ASX200 (ASX: XJO) closed the way it opened, with another strong day of trading, gaining 0.5 per cent which took the weekly gain to an unexpected 1.8 per cent. The rally came despite an unexpected increase in bond rates that many suggested would see an…

ASX gains despite energy, Domino’s correction, higher costs bite There were multiple forces at play on Thursday after an unexpected increase in US oil stockpiles sent the price tumbling. The result was the energy sector falling 2 per cent driven lower by the likes of Beach (ASX: BPT) and Woodside (ASX: WPL) which fell 5.2 and 3.1 per cent respectively. On…

ASX jumps despite RBA move, lithium, AMP spike higher The S&P/ASX200 (ASX: XJO) continued its strong recent run gaining 0.9 per cent on Wednesday behind strength in the materials (1.4 per cent) and financial sectors (1.2 per cent). The likes of BHP (ASX: BHP) and Rio Tinto (ASX: RIO) both rallied by more than 1 per cent despite further falls in the iron…

ASX weakens on RBA announcement, Netwealth lobs Praemium offer, Goodman upgrades Outside of the Melbourne Cup, the Reserve Bank of Australia garnered all the attention today with a range of ‘experts’ predicting rate hikes may be brought forward and yield curve control would be abandoned. As usual, they were only partially right, with the Board keeping rates on hold…

ASX starts November with a bang, Westpac tanks but delivers buy back The S&P/ASX200 (ASX: XJO) started the month of November on a positive note, gaining 0.6% as a bout of confidence swept global markets. Every sector finished higher barring financials, which fell 0.5% after Westpac (ASX: WBC) delivered a weaker than expected result. The highlights were in the communications sector, which…