Between the Bells

There was no good, just bad and ugly in today’s session on the ASX as investors responded to the Wall St sell-off sparked by US inflation data hitting 8.3% for August. The ASX ended the midweek session down 181.10 points or 2.58%, weighed down by a heavy sell-off in real estate stocks, although no sector was safe from the market sell-off today with all 11 sectors ending the session in negative ter...

US markets snapped the recent rally overnight following the release of key inflation data for August showing the world’s largest economy’s inflation rate hit 8.3% for the month which is a decline from July’s 8.5% but above the market expectations of 8.1%. Investors sharply sold out of stocks broadly on Wall St over concerns the Fed will take even more aggressive action to cool inflation by rising...

The Australian market’s rally extended into a fourth straight session today with the key index ending the day up 0.65%, driven by a surge in real estate stocks today. ANZ consumer confidence data for last week out today shows Aussie confidence fell 0.5% following the RBA’s latest interest rate hike, however Westpac Consumer Confidence data for September also out today showed an increase of 3.9%, r...

The US market closed higher for the fourth straight session off the back of growing confidence that inflation has peaked. Also boosting sentiment was a weaker US dollar. This saw the Dow rise more than 200 points, and both the S&P500 and Nasdaq lift more than 1%. Investors are now awaiting the release of the August consumer price index report on Tuesday morning US time.  In Europe, markets als...

The Australian market extended last week’s rally into this week with the key index closing the session 1.02% higher, boosted by a surge in materials and technology stocks. The best performing stock today was Nickel Industries (ASX:NIC) soared 6.7% after announcing an upgrade to its Hengjaya Mine Resource, increasing the resource from 2.4m tonnes to 3.7m tonnes of contained nickel metal. Gold Road...

The Australian market closed 0.66% higher on Friday as investor confidence extended into the final trading session of the week, after RBA Governor Philip Lowe gave dovish signs of the way forward in terms of interest rate hikes. The winning stock on Friday was Mineral Resources (ASX:MIN) after the leading mining services company said it regularly considers ‘strategic options’ for its lithium segme...

The Aussie share market gained 0.29% this week (Mon-Thu), boosted by the technology sector. The RBA also raised the cash rate to 2.35%, raising consumer concerns about the rising cost of living.   In this week's wrap, Grady covers: (0:29) The increase on Australian home loans (0:51) Whether the building boom is over (1:15) When Australians will feel the full brunt of the recent rate hike (3:5...

Well US investors took the Federal Reserve’s latest comments on taming inflation positively, as equities moved higher overnight in New York. Stocks initially fell during a Q&A session from the Fed Chairman Jerome Powell at the Cato Institute. He signalled that there wouldn’t be a pause in rate hikes or a pivot to cutting interest rates anytime soon. US equities however ended the session with g...

The Australian market rebounded sharply from yesterday’s sell-off to close Thursday’s session 1.77% higher, boosted by investors piling into the tech and materials sectors today. Investor confidence was boosted by a rebound in commodity prices and RBA Governor Philip Lowe’s speech, where the RBA leader gave clarity and certainty around the slower way forward in terms of rate hikes. Mr Lowe said th...

US markets snapped a two-session losing streak, to close higher across the three key indices, led by the Nasdaq rallying more than 2% on Wednesday as oil prices and rate concerns eased, which cooled investor fears over continued high inflation. Stocks rallied after Federal Reserve Vice Chair Lael Brainard reaffirmed the Fed will do what it takes to control the country’s inflation, while also notin...

Investor sentiment was dampened today in the wake of the RBA’s 50-basis point interest rate hike, GDP data showing the Australian economy grew 0.9% in the June quarter and the price of oil tumbling 2%, which caused a sell-off in energy stocks. The market closed the midweek session down 1.42%, dragging the index down more than 10.6% over the last 52-weeks. The story of the session was Australia’s e...

US equities tumbled in what was a volatile trading session, as trading resumed overnight following the Labor Day national holiday. Wall Street continued its broad sell-off. The Dow closed over 170 points lower, or 0.6%. The S&P500 fell 0.4% and the Nasdaq closed 0.7% lower, notching its seventh day of losses, its longest since 2016.   The Institute of Supply Management PMI came in stronger tha...

The story of the day was the RBA raising the official cash rate by a further 50 basis points for September, taking the rate from 1.85% to 2.35%, which was in line with market expectations. The RBA also said it is committed to continue raising the cash rate. The market rallied in the first hour of trade before turning lower and closing the session down 0.4%. Investors sold out of financial stocks t...

The US market was closed overnight for the labour day national holiday, but across the sea in Europe, markets closed lower as investors questioned economic risks in the region, reignited by concerns about the energy supply from Russia. What to watch today: Despite the negative session in Europe, the SPI futures are suggesting that the ASX200 will open 0.2% higher. The big focus today is the RBA’s...

The Australian market rebounded from last week’s loss to start the trading week in positive territory, ending Monday’s session up 0.34%.  ASX-listed oil stocks had investors piling in today after the G-7 agreed to impose a price cap on Russian oil to reduce Russia’s revenue from the key commodity used toward funding its war in Ukraine. Russia responded by saying it will stop selling oil to countri...

The Australian market closed 0.25% lower on Friday and etched out its second straight week of losses, shedding 3.88% over the last 5 trading days in the indexes worst trading week since June. The materials sector plunged more than 10% for the week as a major lockdown in China weighs on investor sentiment toward the sector, as investors fear iron ore demand from China will weaken following the lock...

The Aussie share market tumbled 3.64% this week (Mon-Thu) partly due to Wall Street’s lead. 336 companies have reported results to the market and we analyse the scorecard.     In this week's wrap, Grady covers: (0:32) How the energy & materials sectors performed in August  (2:01) Why investors sold-off REIT stocks (2:39) The key takeaways from this reporting season  (3:29) The a2 Milk Com...

In New York overnight, shares turned around, regaining some of the week’s losses. The Dow and the S&P500 ending the first day of the month on a high note, with investors looking forward to the US jobs report for August. Meanwhile, the Nasdaq dropped 0.3%, posting a 5-day loosing streak, which was last seen for the Nasdaq in February. All three major averages however, are on track to finish the...

The Australian market posted a 2.02% loss on the first trading day of the new month, closing at its lowest level since late July. Every sector aside from consumer staples stocks ended the day in negative territory as the broad market sell-off continued locally in response Wall Street suffering through its worst August since 2015.  Economic data on the housing front released today also weighed on i...

Description: Well earnings season has now wrapped up, and Aussie shares are expected to start the month of September lower, amid a further sell-off in the US as investors prepare for even higher interest rates. All three US benchmarks closed lower for the fourth straight session, and for the month of August, the Dow Jones, S&P500 and Nasdaq all finished about 4% lower.   Across the sea in Euro...

The Australian market’s rally over the past few days was very short lived, as the local market closed 0.16% lower today, weighed down by a sharp sell-off in energy stocks. Despite today’s losses, the local market posted a 0.6% gain. The markets may have also been sold off after Australia’s second quarter construction work done data was released showing a decline of 3.8%, the largest quarterly decl...

US stocks extended their losing streak to a third day on Tuesday as interest rate pressures continue to weigh heavily on the market. The Nasdaq again led losses, closing the session down 1.12%, which extended the Nasdaq’s year to date loss to 24.05%. US home price index data for June was released yesterday showing slowed growth for the month as higher mortgage rates make home ownership less afford...

The Australian share market regained some ground on Tuesday, closing the session 0.5% higher, as investors piled back into technology stocks, giving long-term tech shareholders a brief sigh of relief. Energy stocks also rallied again during today’s session. Mineral Resources (ASX:MIN) led the gains on the ASX today as investors bought into the mining company following CEO Chris Ellison sharing the...

Well, the sell-off continued overnight. US equities declined further with all three major benchmarks closing in the red, amid increasing concerns over rising rates and tighter US monetary policy. The Dow ended the session down 0.6%, the S&P500 down 0.7%, while the Nasdaq dropped just over 1% at the close. Tech was also the worst performing S&P500 sector, while energy and utilities outperfo...

The Australian market performed exactly as expected today following the sharp sell-off on Wall Street on Friday as investor fears of prolonged interest rate hikes were strengthened on the back of comments made by Fed Chair Jerome Powell at the Jackson Hole Symposium. The ASX200 closed Monday’s session 1.95% lower, with all sectors closing the day in negative territory led by technology stocks tumb...