14 Apr 2021 - The Australian sharemarket opened higher this morning and re-entered the 7000s territory, driven by a strong rally in the tech sector and buy-now-pay-later stocks. Stateside gains on the tech-heavy Nasdaq added fuel to the fire of the S&P/ASX Infotech. Today’s performances in mining are in stark contrast to yesterday’s, as Gold miners are making amends for yesterday’s losses.
14 Apr 2021 - The ASX is set to open higher following mixed trade on Wall St. The US FDA recommended a pause on the Johnson & Johnson vaccine following blood clot fears. Woodside Petroleum (ASX:WPL) has appointed Meg O’Neill to be Acting CEO from 20 April this year.
13 Apr 2021 - The ASX200 had been trading mostly higher throughout the session before losing momentum and slipping into bearish territory around the 2.30pm mark. Benchmark indices across Asia are tracking mostly higher, on the back of China’s encouraging economic data for March. China’s exports rose 30.6 per cent, however failing to meet expectations. The positive sentiment from China also transcended to the Australian sharemarket, as the ASX200 steered back into positive waters.
13 Apr 2021 - The ASX started strong today with the S&P/ASX 200 tracking 0.05 per cent or 3 points higher at 6,977 at noon. The SPI futures are pointing to a rise of 9 points. NAB released their business survey for March with business confidence at a record high.
13 Apr 2021 - The ASX is to edge higher this morning. The S&P 500 and the Dow Jones indexes retreated from their record high, as investors prepare themselves for the start of the earnings reporting season and the release of the inflation report this week. Credit rating agency Fitch ratings has upgraded ANZ Group (ASX:ANZ) from a negative to stable yesterday for their Australian and New Zealand banking business.
12 Apr 2021 - The ASX200’s lackluster form continued throughout the afternoon trading session, as the Australian sharemarket concluded its trading day in the red. Mining heavyweights BHP (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue Metals (ASX:FMG) led the losses, as the mining sector undermined the broader market. The downward trend in mining stocks is attributable to spot gold price’s $20 fall from a five-week high. Declines in Commonwealth Bank (ASX:CBA) and Macquarie Group (ASX:MQG)’s shares also added to the...
12 Apr 2021 - The Australian sharemarket has defied Wall Street’s optimism from Friday and dipped at the open. The Commonwealth Bank of Australia (ASX:CBA) and major iron ore players have weighed on the market, as Fortescue Metals (ASX:FMG) and BHP (ASX:BHP) are both sustaining losses. CBA has also forecasted the unemployment rate to decline at a rapid pace this year, based on forward-looking indicators.
12 Apr 2021 - The ASX is set to rise following Wall St ending last week in the black. Technology shares powered the indexes with the Dow Jones and the S&P 500 closing the session at record high. The local market closed 2.4% higher over the week to a new bull-market high led by technology, materials and consumer discretionary shares.
09 Apr 2021 - The Australian sharemarket wrapped up its Friday trading session in negative territory, after spending five consecutive days in the black. Uncertainty around the Australian government’s vaccine roll-out schedule dealt a blow to travel stocks. The Australian tech sector outperformed other sectors.
09 Apr 2021 - Falls in consumer staples and energy drove the Australian sharemarket downwards in the early hours of trade. The RBA has eased concerns about rising housing prices, citing no abnormal debt increase.
