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15Aug

US markets surge, ASX earnings season kicks off in a big way

15 Aug 2022 - Stocks rose sharply on Friday, clinching the fourth straight positive week for the S&P 500 as investors celebrated signs that inflation may be peaking. The key fundamental driver of this week's upside was softer-than-expected July CPI and PPI data, providing more support for the peak inflation narrative.

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07May

US markets continue positive momentum to start the week

07 May 2024 - A solid earnings season and rising confidence in the Fed’s rates policy saw markets continue their advance to start the week well into positive territory.

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30Nov

Chinese tariffs threaten to drown Australian wine exports: Aus shares up 0.9% over week

27 Nov 2020 - After opening modestly lower, the ASX200 lost ground throughout the day to close 0.5 per cent lower. All of the sectors ended in the red, except Real Estate Investment Trusts. Australia’s wine industry was dealt a blow today. The Chinese Government announced new tariffs-like deposits of up to 200 per cent on all Australian wine imports from tomorrow. Treasury Wine Estates (ASX:TWE) requested a trading halt this afternoon after its shares plunged on the back...

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11Jul

All eyes on US earnings season this week, Musk walks from Twitter bid

11 Jul 2022 - With earnings season about to begin, the stock market could finally get its moment of truth. The S&P 500, after all, has dropped 18 per cent in 2022 and is mired in a bear market. Yet that decline largely reflects the effect of higher bond yields, which force valuations lower, triggering sell-offs.

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22Feb

Costa (ASX:CGC) shares rise on full year results: ASX tracking 0.2% higher at noon

22 Feb 2021 - The ASX dropped at the open but is now tracking 0.2% higher at noon, or 16 points higher at 6,810. On the futures market the SPI is 4 points higher. Shares in Costa Group Holdings (ASX:CGC) rose after reporting a full year statutory net profit of $60.8 million, from a loss of $36.1 million a year ago. Shares in Reliance World Wide (ASX:RWC) fell today despite reporting net profit after tax rising 82%.

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19Jan

Payroll jobs decreased 5.5% in the fortnight to 2 Jan: ASX closed 2% higher

19 Jan 2021 - Australia’s sharemarket pushed higher as the consumer discretionary sector gained 2%. The S&P/ASX 200 index finished 80 points up or 1.2 per cent higher at 6,743. Shares in Domino’s Pizza Enterprises (ASX:DMP).did well today as its reported a shift towards digital delivery will continue in 2021. Shares in Worley (ASX:WOR) dropped almost 3%.

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19Jun

Nvidia surge drives S&P 500 to new record

19 Jun 2024 - Another Nvidia price surge saw the AI giant hit a new share price high and surpass Microsoft to become the most valuable public company.

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15Jul

Investment banks kick off US earnings season, Ford signs EV battery deal

15 Jul 2022 - The results from bank stocks raised further concerns that earnings estimates have perhaps risen too much in recent months. It now appears the market is finally concerned about the fact that earnings estimates, having gone up almost nonstop during the first half of this year, will now have to come down.

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03Oct

Global stocks fall on economic growth worries: ASX closes 2.2% lower

03 Oct 2019 - It has been a disappointing day of trade for the ASX. After opening in the black the local bourse failed to gain momentum to close 2.2% lower. Ooh!Media (ASX:OML) dropped today as did Nearmap (ASX:NEA). As for the sectors, Utilities lost the least and Telcos came in bottom of the pile. And Probiotec (ASX:PBP) has today completed the sale of the Celebrity Slim brand.

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22May

Nasdaq & S&P 500 set new record closes

22 May 2024 - In Tuesday's trading session, US equities saw marginal gains, with investors closely monitoring Nvidia's upcoming quarterly earnings and guidance. However, the Dow faced pressure due to significant declines in JPMorgan Chase shares.

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