Latest Market News

Tech stocks bare brunt of inflationary selling: ASX to fall

12 May 2022 - US stocks fell across the board as investors assessed persistent inflation after the consumer price Index rose by an annual rate of 8.3 per cent. Some analysts see the data as a sign that the Fed is behind the curve in curbing inflation. CBA has delivered a $2.3b March quarter profit but warns of margin pressure. NAB has expressed interest in the banking arm of Suncorp.

Read more...

Inflation spooks Wall St, Oil & iron ore $ slide, Pendal, Lendlease, Ramsay on watch: ASX to dive

10 May 2022 - Global benchmarks continue to tumble with several cross currents weighing on investor's minds. After China's President on Friday recommitted to the zero-Covid19 strategy, the prospect of extended lockdowns sparked further fears of a global economic slowdown. AUD fell over 1%, now 69.6 US cents. Commodity prices, including iron ore and oil tumble on demand concerns.

Read more...

Wall St tumbles, Iron ore dives ahead of China data, Westpac, Medibank Private on watch: ASX to fall

09 May 2022 - Global sell-off extended on Friday despite a strong April jobs report. Japan’s Nikkei bucked the trend, rallying after coming back from a holiday. The US and its G7 allies impose a new round of sanctions in a special virtual meeting on Russia a day before president Vladimir Putin marks the anniversary of the end of World War II. ANZ Bank (ASX:ANZ) trades ex-div today.

Read more...

Relief-rally on Wall St, NAB, Iress, Ramsay, Janus Henderson, FMG, Graincorp on watch: ASX to rise

05 May 2022 - Wall St soars in celebration of Fed Chair ruling out bigger rate hikes after plating a 50 basis point hike this morning. ASX faded into the close in anticipation of the news after investors learned of banks raising mortgage interest rates, following the surprised RBA rate hike. Oil prices jumped amid EU’s plans to phase out Russian oil imports.

Read more...