The ASX drifted lower as renewed uncertainty around US trade policy weighed on risk appetite, while gold extended its rally. Markets reacted to the US Supreme Court curbing President Trump’s tariff powers, prompting him to flag a temporary 15% blanket tariff on imports. The policy whiplash lifted safe havens, pushed the Aussie dollar towards US70.9c, and reignited selling pressure in technology.
The ASX slipped modestly today, though still managed a solid +1.84% gain over the week. A bounce from the low of the day was sustained as buyers stepped in through the session, despite tensions in the Middle East. Index moves will continue to hinge on single stock results, though the magnitude of moves likely fades given the heavyweight stocks have now come and gone this reporting season.
The ASX rallied today, hitting a new all-time high at 9118 (+3pts above the Oct high) before tapering off into the afternoon. Still, its longest winning streak in more than a month, corresponding with one of the busiest days on the reporting calendar. More beats than misses, and solid overall, but still a few landmines to navigate.
The ASX pushed higher for a third straight session, with financials and technology doing the heavy lifting as reporting season continued to deliver outsized single-stock moves.
The ASX pushed higher in subdued trade, with BHP stealing the spotlight after a better-than-expected first-half result. Materials led the gains though it was all thanks the Big Australian’s performance, with weakness across the broader sector as commodities softened. Elsewhere, tech remained volatile, retailers were mixed and several reporting names were sharply repriced as the market continued its familiar reporting-season volatility.
The ASX edged higher in a choppy session, with technology rebounding strongly, helping offset heavy selling across the mining giants and some profit-taking in the banks. With US markets closed for a public holiday tonight and China shut for Lunar New Year, local earnings season and bargain hunting dominated the tape, leaving the market grinding higher but lacking clear direction.
The ASX pulled back sharply today as AI-related margin fears continued to drive aggressive selling across software and high-multiple names. Despite the weak finish, the market still closed the week up ~2.4%, underpinned by a fantastic week from the banks on better-than-expected results.
The ASX pushed higher for a second straight session, flirting with fresh record highs at the 9100 level as bank earnings momentum continued to drive the index. ANZ stole the show with its best day in six years after delivering a standout quarterly profit result, and the broader financials complex stayed well bid, compounding Commonwealth Bank’s strong result yesterday.
The ASX surged toward all-time high territory, lifted by a string of earnings beats from heavyweight banks and industrials, helping the index shake off weakness in healthcare. Financials did the heavy lifting, with Commonwealth Bank delivering its best day since 2020, while miners also provided strong support as copper and gold prices stayed elevated.
A mixed session for the ASX played out under the hood today with tech the clear standout and miners remaining firm after a strong start to the week as the bourse closed on the low of the day and almost +60pts from its high. Insurance stocks were hit as fresh fears emerged around AI disruption in the insurance-broking industry, with banks following suit into the afternoon.
The ASX slipped modestly today, though still managed a solid +1.84% gain over the week. A bounce from the low of the day was sustained as buyers stepped in through the session, despite tensions in the Middle East. Index moves will continue to hinge on single stock results, though the magnitude of moves likely fades given the heavyweight stocks have now come and gone this reporting season.
The ASX rallied today, hitting a new all-time high at 9118 (+3pts above the Oct high) before tapering off into the afternoon. Still, its longest winning streak in more than a month, corresponding with one of the busiest days on the reporting calendar. More beats than misses, and solid overall, but still a few landmines to navigate.
The ASX pushed higher for a third straight session, with financials and technology doing the heavy lifting as reporting season continued to deliver outsized single-stock moves.
The ASX pushed higher in subdued trade, with BHP stealing the spotlight after a better-than-expected first-half result. Materials led the gains though it was all thanks the Big Australian’s performance, with weakness across the broader sector as commodities softened. Elsewhere, tech remained volatile, retailers were mixed and several reporting names were sharply repriced as the market continued its familiar reporting-season volatility.
The ASX edged higher in a choppy session, with technology rebounding strongly, helping offset heavy selling across the mining giants and some profit-taking in the banks. With US markets closed for a public holiday tonight and China shut for Lunar New Year, local earnings season and bargain hunting dominated the tape, leaving the market grinding higher but lacking clear direction.
The ASX pulled back sharply today as AI-related margin fears continued to drive aggressive selling across software and high-multiple names. Despite the weak finish, the market still closed the week up ~2.4%, underpinned by a fantastic week from the banks on better-than-expected results.
The ASX pushed higher for a second straight session, flirting with fresh record highs at the 9100 level as bank earnings momentum continued to drive the index. ANZ stole the show with its best day in six years after delivering a standout quarterly profit result, and the broader financials complex stayed well bid, compounding Commonwealth Bank’s strong result yesterday.
The ASX surged toward all-time high territory, lifted by a string of earnings beats from heavyweight banks and industrials, helping the index shake off weakness in healthcare. Financials did the heavy lifting, with Commonwealth Bank delivering its best day since 2020, while miners also provided strong support as copper and gold prices stayed elevated.
A mixed session for the ASX played out under the hood today with tech the clear standout and miners remaining firm after a strong start to the week as the bourse closed on the low of the day and almost +60pts from its high. Insurance stocks were hit as fresh fears emerged around AI disruption in the insurance-broking industry, with banks following suit into the afternoon.
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
Verication email sent.
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
!
Invalid One Time Password
Please check you entered the correct info, please also note there is a 10minute time limit on the One Time Passcode
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Market Matters members receive daily market reports, real-time trade alerts, full access to 5 portfolios and dynamic company data.
Choose how you'd like to proceed:
We have a range of membership options to suit your needs and budget, why not join today and get unlimited access to the premium Market Matters service.
