Latest Market News

Markets weaker as UK energy prices cause chaos

22 Aug 2022 - US equities closed lower in very quiet Friday trading, ending just off the worst levels. UK retail sales unexpectedly improved in July, though UK consumer confidence fell to lowest level since records started in 1974. UK natural gas prices rose nearly 96 per cent in the year to July, while electricity prices are up 54 per cent.

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US markets stronger on energy: US housing market resilient

19 Aug 2022 - US equities finished higher in uneventful Thursday trading, though off best levels. More data released Thursday provided clues into the state of both the jobs and housing markets. Initial jobless claims fell to 250,000 for the week ended Aug. 13, while existing home sales dropped nearly 6 per cent in July.

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US equities finished lower as investors focus on retail earnings

18 Aug 2022 - Stocks fell as the rally that has pushed prices higher since mid-June appeared to lose steam. Traders also assessed the latest retail data and minutes from the Federal Reserve. On the ASX today earnings reports are expected from ASX (ASX:ASX), Blackmores (ASX:BKL), Evolution Mining (ASX:EVN), IRESS (ASX:IRE), Origin (ASX:ORG), Transurban (ASX:TCL) and Treasury Wine (ASX:TWE).

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US retailers push market higher: BHP rallies overnight

17 Aug 2022 - The Dow Jones Industrial Average rallied on Tuesday, rising for a fifth day as earnings results from Walmart and Home Depot showed consumer spending could remain strong enough to keep the economy from tipping over into a downturn. On the ASX today we have reporting: Amcor, Brambles, Corporate Travel, CSL, Domain & Magellan to name a few.

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US equities rise despite weakening Chinese economic data

16 Aug 2022 - US equities rose on Monday as the rally on Wall Street continued as traders prepared for a big week for retail earnings.The move came despite disappointing economic data out of China, where the country’s central bank cut rates unexpectedly, raising concern over China’s economic recovery.

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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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Markets flat, Momentum back with lithium stocks

09 Aug 2022 - Momentum now seems to be back with the lithium sector, with the catalyst being a very bullish quarterly report issued by US-listed lithum producer Albemarle last week which contained a stunning upgrade to its outlook for this year. The forecast from Albemarle comes after a more than eightfold surge in the price of lithium compounds since the start of the pandemic in 2020.

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