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ASX weak on CBA tumble, AUD falls on weak wage data, Seven, Seek upgrades The S&P/ASX200 (ASX: XJO) finished 0.7 per cent lower on Wednesday, with market behemoth the Commonwealth Bank of Australia (ASX: CBA) dropping over 8 per cent and dragging the financial sector down 2.7 per cent along with it. Most other sectors were higher led by the IT and…

ASX falls despite dovish RBA, energy, mining lower, OZ Minerals upgrades The S&P/ASX200 (ASX: XJO) fell another 0.7 per cent despite strong comments from the Reserve Bank of Australia Governor who confirmed interest rates would be doing nowhere until at least 2024. Every sector barring technology finished lower, which gained 0.2 per cent during the session. Once again, the materials and energy sectors were weaker as…

 The S&P/ASX200 (ASX: XJO) gained another 0.3 per cent to begin the week, benefitting from broad-based strength. Each of the consumer discretionary, healthcare and technology sectors gained more than 1 per cent with experimental group Mesoblast (ASX: MSB) leading the market by finishing 12 per cent higher. The company delivered a positive update on their “new weapon” a treatment aimed at combatting heart…

ASX down 0.2 per cent, unemployment surprise, iron ore rallies The S&P/ASX200 (ASX: XJO) finished the week on a stronger note, gaining 0.8 per cent behind a strong recovery in the mining sector, which gained 2.3 per cent. The likes of Fortescue (ASX: FMG) and BHP (ASX: BHP) added 2 and 2.8 per cent respectively on the back of a rise in the…

ASX falls, unemployment jumps, Ramsay, Nearmap struggle The S&P500/ASX200 (ASX: XJO) fell throughout the session ultimately finishing 0.6 per cent lower with Fortescue (ASX: FMG) a rare standout. The company gained over 8 per cent after the CEO delivered a speech highlighted the huge green energy opportunity and dry powder that Fortescue Future Industries had available. The rally supported the materials sector which gained 2.3 per…

Market weakens, NAB hits three year high, Vicinity centres ‘positive signs’ The S&P/ASX200 (ASX: XJO) weakened throughout the day, ultimately finished 0.2 per cent lower as both the energy and materials sector continued to fall. Iron ore prices remain under pressure due to well publicised steel mill shutdowns which sent BHP (ASX: BHP) down 2.5 per cent and Fortescue (ASX: FMG) another 2 per…

ASX falls, NAB down despite dividend, James Hardie profit triples The S&P/ASX200 (ASX: XJO) fell another 20 points of 0.2 per cent on Tuesday, with selling pressure among the banking sector the biggest detractor. Only materials, healthcare and tech companies were higher as we near the end of another reporting season. The financial sector was down by more than 1 per cent after the National…

Markets weaker on tech, healthcare, BHP sells coal, Sydney Airport deal done The S&P/ASX200 (ASX: XJO) experienced a rare loss on Monday, falling around five points or less than 0.1 per cent as a selloff in the technology and healthcare sector offset gains in energy and mining. Healthcare fell by over 1 per cent with CSL (ASX: CSL) a major detractor, pulled lower by surging…

ASX overcomes bond yields, Link’s new bid, News Corp delivers record The S&P/ASX200 (ASX: XJO) closed the way it opened, with another strong day of trading, gaining 0.5 per cent which took the weekly gain to an unexpected 1.8 per cent. The rally came despite an unexpected increase in bond rates that many suggested would see an…

ASX gains despite energy, Domino’s correction, higher costs bite There were multiple forces at play on Thursday after an unexpected increase in US oil stockpiles sent the price tumbling. The result was the energy sector falling 2 per cent driven lower by the likes of Beach (ASX: BPT) and Woodside (ASX: WPL) which fell 5.2 and 3.1 per cent respectively. On…