Local market weakens, as guidance flows in, Platinum outflows continue
The S&P/ASX200 continued to weaken as the guidance flows in from numerous sectors of the economy. The industrials sector was the rare highlight, gaining...
Market weakens on US recession risk, Tabcorp acquisition, gold stocks hit
The local market opened the week on a negative note, with the threat of US recession sending every sector lower. The rate sensitive sectors were the hardest...
Market caps best week in two years, GQG outflows, AGL board members cut
The local sharemarket finished the week on a negative tone, falling 0.8 per cent, but it wasn’t enough offset the exuberance on Tuesday. Only the energy...
Market flat, OPEC+ cuts boost energy, utilities, institutions leave Magellan
The local market finished just 2 points higher today, all but a rounding error, as gains in the energy and utilities sectors, up 2.2 and 1.1 per cent, offset...
RBA slows rate hikes, market surges in response, oil, materials lead the way
The local sharemarket delivered it’s best one day return since the worst of the pandemic, with the S&P/ASX200 gaining 2.6 per cent on Tuesday. The...
Market awaits RBA decision, energy, utilities rally, Core Lithium raises capital
The local sharemarket finished 0.3 per cent lower to begin the new quarter, with strength in the utilities, energy and property sectors not enough to offset...
Resources lift local market
The energy sector powered the Australian sharemarket on Thursday, with a 2.8 per cent gain on the back of the apparent sabotage of the Nord...
Local market back in the green
After three consecutive losing days, the Australian sharemarket turned northward again on Tuesday, led by the resources stocks. After being scorched on Monday,...
Resources, energy drag market lower
With the worst losses in two years for the ASX’s mining and energy sectors, there was no way that the Australian share market’s major indices were...
Aussie market catches mining fever
The benchmark S&P/ASX 200 index rose 86.5 points, or 1.3 per cent, on Tuesday to 6,806.4 points, while the broader All Ordinaries gauge added 81.4 points,...
Higher rates to erode Aussie wealth levels
As interest rates creep north, advisers extoll the virtue of investing away from the family home and into a diversified suite of assets.