Market struggles to maintain gains, Crown Sydney approved, coal remains in focus
The positive sentiment couldn’t be maintained on Wednesday with weakness in the technology and financial sectors sending a 0.5 per cent gain to a 0.2 per...
Markets weaken on threat of recession, commodities, energy tank, Vicinity upgrades
The local market open on an unexpectedly positive tone but ultimately finished 0.6 per cent lower as commodity and energy prices fell across the board. The...
ASX caps worst week in two years, Humm deal off, oil falls
The local market capped its worst week since March 2020 falling 1.8 per cent on Friday and dragging the S&P/ASX200 down 6.6 per cent for the week. This...
ASX sinks to another loss, Link tanks on competition concerns, NZ contracts
Australian shares were as much as 1.1 per cent higher during Thursday’s session following the Federal Reserve decision to hike interest rates by 0.75 per...
Markets suffer worst drop since pandemic began, ASX enters correction, Polynovo a rare winner
Anyone keeping up with the news overnight is aware of the headlines. $88 billion lost in a single day, market crumbles, stocks tank; there will be no lack of...
ASX falls in worst week since 2020, Atlas bid, Douglass returns
The local market was pushed lower by the global turnaround in interest rates with the S&P/ASX200 falling 1.3 per cent to finish the week. Every sector was...
Banks lead market lower
The struggles of the big banks and mortgage lenders in the wake of this week’s rate rise continued on Thursday, with the financials sub-index losing 2.2...
Markets still 'vulnerable' to weaker earnings
Head of Australian Equities at T. Rowe Price, Randal Jenneke, has released a note to clients that conveys a somewhat cautious tone towards the Australian...
Market falls on 50 basis point rate hike, confidence slips, every sector weaker
The Australian sharemarket was on hold ahead of the RBA’s latest board meeting and interest rate decision. A somewhat unexpected 0.50 per cent increase...
Local market down ahead of RBA meeting, energy, Tabcorp standout
The local market couldn’t shake off a weak global lead, opening the first week of June with a 0.5 per cent fall. It was a market full of lowlights, with...
Local market posts another positive week, iron ore surges, energy crisis beckons
The local market finished the week on another positive note, despite the return of concerns about the aggressiveness of central banks around the world, with...