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ASX lower, Ampol takes Z, IAG’s pandemic reprieve The S&P/ASX200 (ASX: XJO) strengthened into the close, managing a loss of just 0.3% to start the week. Behind the headline though was a two-speed market with only the energy and materials sector finishing higher, and significantly so, up 1.2 and 1.3% to the positive. The global energy crisis is now the motivating factor for markets…

ASX reverses a month of losses, EML Payments tanks, China PMI improves The S&P/ASX200 managed to reverse four straight weeks of declines, with Friday’s 0.9% gain sending the index 1.9% higher over the week. On Friday it was the commodities and IT sectors leading the way, the most unlikely of partners with the materials sector up 1.8 and IT 1.3%. Every other sector was…

Tech, debt ceiling stoke rally, Dutch expansion for Collins Foods The resilient run of the S&P/ASX200 continued on Thursday, with the market rallying 0.7% on signs a deal on the debt ceiling may be reached in the US. In Australia, it was more positive news on the vaccine front with NSW hitting 70% double dose and the reopening set to commence…

APRA takes action, CBA falls, GQG set to list The S&P/ASX200 (ASX: XJO) delivered another negative day falling 0.6% as concerns of ‘peak growth’ and stagflation continue to grow. Every sector barring technology and energy were lower, with the latter so far the standout story of the second half of 2021. Whitehaven Coal (ASX: WHC) continues to benefit from booming coal…

RBA halts sell off, record trade surplus, gold rallies The S&P/ASX200 (ASX: XJO) staged a mid-session recovery finishing down just 0.4% after being as far as 1% lower. The selloff was broad-based in terms of sectors with eight of the 11 sectors finishing in the red, but by and large it was focused on the tech sector which fell…

ASX rallies on COVID treatment, travel takes off, real estate boom The S&P/ASX200 (ASX: XJO) followed a strong global lead to finish 1.3% higher as investors digest Merck’s potential COVID-19 treatment. Positive news in the vaccine rollout following Prime Minister Morrison’s border opening last week meant the consumer discretionary sector was among the top performers, up 1.7%. Within the sector it was all…

Volatility returns, market drops 2.1%, banks lead sell off The S&P/ASX200 (ASX: XJO) finished Friday and the week down 2.1%, after recovering most of the week’s losses on Thursday. The selling pressure in the US flowed into the Australian session as investors remain fixated on the emerging threat to energy supplies along with the reduction in policy stimulus. In Australia…

ASX delivers best day in six months, buying the dip, iron ore rallies The S&P/ASX200 (ASX: XJO) finished what has been a difficult month on an extremely strong note, finishing 1.9% higher. This was the largest single day gain since November 2020, right after the vaccine was approved. A number of factors likely coincided today, with 30 September…

Sell off continues, bond yields spike, Smartgroup under offer The S&P/ASX200 (ASX: XJO) recovered during the session finishing 1.1% lower after falling as much as 1.5%. The weakness came from a negative global lead with long-term bond yields spurring investors to act on comparatively high equity market valuations. In Australia, the 10-year bond yield has jumped from close to 1.0%…

ASX falls 1.5%, Origin’s Octopus win, energy boom The S&P/ASX200 (ASX: XJO) fell another 1.5% on Tuesday as a spike in bond yields in the US and a lack of clarity on the US debt ceiling put markets into a tailspin. Every sector was lower with healthcare the hardest hit, dragging down over 3% on the back of a 3.8% fall…