Local market gains, energy falls on oil price correction, ANZ to buy MYOB
It was another positive, but mixed, day for the local market with seven of the 11 sectors finishing higher and contributing to a 0.2 per cent gain. The...
ASX manages gain, Zip cans Sezzle deal, Eagers upgrade, Lake hit by short seller
The local market managed to overcome increasingly negative global sentiment ahead of an important US earning season that begins later this week, finishing 0.1...
Local market begins on weaker note, EML loses CEO, Costa flags citrus issues
The Australian market couldn’t carry over a positive week for the US market, falling throughout the day to finish 1.1 per cent lower. There were very few...
China stimulus news good for markets
It was a solid week last week for the Australian market, advancing on four of the five days. The S&P/ASX 200 gained 138.1 points, or 2.1 per cent, for the...
Local market fights commodity jitters
A tech rebound – possibly a dead-cat bounce – tried to drive the Australian market higher on Wednesday, but the concerns on commodity prices more...
Rate rise surprises no-one
As widely expected, the RBA raised the cash rate by 0.5 percentage points yesterday, taking it to 1.35%, as widely expected. This is the fastest back-to-back...
Warning: interest rate rise ahead
The Australian share market ended in the green on Monday, despite investor skittishness ahead of today’s Reserve Bank board meeting. The central bank is...
Market reverses gains, commodities, energy sink, Brambles cut CostCo deal
The Australian market started the session on a positive note, moving as much as 1 per cent higher on the first day of the new financial year but ultimately...
Local market gains on earnings, Tassal gets a bid, BWX slumps
The local market managed to deliver another strong day, the S&P/ASX200 finishing 0.9 per cent higher. Five sectors were lower, albeit only slightly, with...
Market buoyed by Wall Street, gold stocks tank, OZ Minerals downgrade
A positive lead from Wall Street, in which bad news on the economy became good news for stocks, resulted in the ASX gaining 1.9 per cent to begin the week....
Supply-side remains the biggest contributor to inflation
After years of benign levels of inflation, the "beast" as it is known, reared its ugly head once again in April 2021, just as the world was emerging from the...