A softer session today, giving back a portion of yesterday's solid move, though trading was quiet; volumes anemic and most focus is now on the Christmas break, with a 2.10pm close this afternoon.
The ASX finished sharply higher, extending its pre-Christmas rally as broad-based buying pushed the market to a six-week high and saw all sectors finish higher for the second day in a row. Optimism around US rate cuts, light year-end volumes and strong US markets overnight combined to lift risk appetite, with real estate and technology leading gains.
The ASX surged today, as a rally in commodities combined with rising expectations of further US Federal Reserve rate cuts lifted risk appetite into the Christmas break. Gold was the standout driver, with energy and uranium stocks joined the rally, and banks posting modest gains, cooling from early strength.
The ASX pushed higher on Friday, supported by a rebound in technology stocks and strength across the banks, following softer-than-expected US inflation data that reignited expectations for further Federal Reserve rate cuts. Despite today’s gains, the market is still tracking its first weekly decline in four weeks.
The ASX was on track to finish lower for a fourth consecutive session, before a solid rally in the afternoon positioned the index with its head just above water.
The ASX eased on Wednesday as softer oil prices and muted implications from US labour data was largely offset by strength in gold miners. We’ve got two more trading sessions before the majority of the market head for Christmas holidays, with next week’s trade likely to be very quiet.
The ASX slipped into negative territory through the session as early strength in the banks was offset by sharp weakness across technology and energy stocks. Investors remained cautious ahead of delayed US labour market data for October & November due tonight, which could shape expectations for further Federal Reserve rate cuts into 2026.
The ASX traded lower on Monday, giving back 70% of Fridays strong rally. Selling was broad based, with 10 of 11 sectors in the red with a sharp commodity selloff headlining the weakness as copper, iron ore and lithium stocks got whacked. Market’s now look ahead to Australia’s mid-year budget update and central bank meetings in the UK, Europe and Japan.
The ASX had a great session to end the week, its strongest session in three weeks as a sharp rally in commodities – led by gold and copper, and support from the financials – combined with renewed optimism around US monetary easing, booking a third straight weekly gain, the longest run since August. Despite the equity strength, rate expectations remain in flux, with Citi now forecasting Australian rate hikes in February and May.
The ASX was mildly higher by the close, although it gave back most of the early Fed inspired bump to finish ~65pts below the morning peak. Most support came from the miners after the Federal Reserve increased their growth forecast and cut rates, though weakness across tech persisted after Oracle sank ~10% in after-hours trade, with a soft cloud result raising questions about the durability of AI-linked spending - Nasdaq futures slid 1.1% during our time zone.
The ASX finished sharply higher, extending its pre-Christmas rally as broad-based buying pushed the market to a six-week high and saw all sectors finish higher for the second day in a row. Optimism around US rate cuts, light year-end volumes and strong US markets overnight combined to lift risk appetite, with real estate and technology leading gains.
The ASX surged today, as a rally in commodities combined with rising expectations of further US Federal Reserve rate cuts lifted risk appetite into the Christmas break. Gold was the standout driver, with energy and uranium stocks joined the rally, and banks posting modest gains, cooling from early strength.
The ASX pushed higher on Friday, supported by a rebound in technology stocks and strength across the banks, following softer-than-expected US inflation data that reignited expectations for further Federal Reserve rate cuts. Despite today’s gains, the market is still tracking its first weekly decline in four weeks.
The ASX was on track to finish lower for a fourth consecutive session, before a solid rally in the afternoon positioned the index with its head just above water.
The ASX eased on Wednesday as softer oil prices and muted implications from US labour data was largely offset by strength in gold miners. We’ve got two more trading sessions before the majority of the market head for Christmas holidays, with next week’s trade likely to be very quiet.
The ASX slipped into negative territory through the session as early strength in the banks was offset by sharp weakness across technology and energy stocks. Investors remained cautious ahead of delayed US labour market data for October & November due tonight, which could shape expectations for further Federal Reserve rate cuts into 2026.
The ASX traded lower on Monday, giving back 70% of Fridays strong rally. Selling was broad based, with 10 of 11 sectors in the red with a sharp commodity selloff headlining the weakness as copper, iron ore and lithium stocks got whacked. Market’s now look ahead to Australia’s mid-year budget update and central bank meetings in the UK, Europe and Japan.
The ASX had a great session to end the week, its strongest session in three weeks as a sharp rally in commodities – led by gold and copper, and support from the financials – combined with renewed optimism around US monetary easing, booking a third straight weekly gain, the longest run since August. Despite the equity strength, rate expectations remain in flux, with Citi now forecasting Australian rate hikes in February and May.
The ASX was mildly higher by the close, although it gave back most of the early Fed inspired bump to finish ~65pts below the morning peak. Most support came from the miners after the Federal Reserve increased their growth forecast and cut rates, though weakness across tech persisted after Oracle sank ~10% in after-hours trade, with a soft cloud result raising questions about the durability of AI-linked spending - Nasdaq futures slid 1.1% during our time zone.
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