The ASX was sharply lower today with the two heavy weight sectors in Resources & Banks copping most selling which created a big impact on the index. BHP alone took ~30 pts from the ASX 200 and the big 4 banks accounted for another ~40pts. It wasn’t all bad news though, Energy did okay and some tech names had a better session as it looks like some selling pressure is drying up, perhaps a rotation from resources back into tech on global growth fears…
The ASX was hit today, unwinding yesterday’s strong recovery from the lows, with commentary from RBA Chair Michelle Bullock at an AFR event dovetailing into higher oil prices driving a sharp increase in local bond yields on firming rate hike expectations at the next meeting.
The ASX was hit early on the Iran conflict, down ~1% before recovering as the day progressed to finish a couple of points higher – not a great day for the bears who sold early. US Futures were trading down 1% at the outset, and while they recovered ~0.20% throughout the session, the resilience by the ASX was impressive, underpinned by Gold, Energy & defensives.
ASX experienced a quiet Friday managing to firm into the close ending the week at another all-time high. But again, there was still plenty of volatility on the stock level as we approach the end of reporting season.
The ASX pushed to another record close, extending its February rally with a strong bounce back in tech on a positive read through from Nvidia’s result, and the vast majority of companies reporting better than hoped earnings.
The ASX powered to a fresh record high today, brushing off a hotter-than-expected inflation print as investors leaned into a sharp rebound in technology stocks and a blockbuster earnings response from several companies.
The ASX finished essentially flat after giving back early gains, as another bout of selling in technology and financial stocks with continued weakness across the insurance complex as AI disruption fears linger
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 was hit today, unwinding yesterday’s strong recovery from the lows, with commentary from RBA Chair Michelle Bullock at an AFR event dovetailing into higher oil prices driving a sharp increase in local bond yields on firming rate hike expectations at the next meeting.
The ASX was hit early on the Iran conflict, down ~1% before recovering as the day progressed to finish a couple of points higher – not a great day for the bears who sold early. US Futures were trading down 1% at the outset, and while they recovered ~0.20% throughout the session, the resilience by the ASX was impressive, underpinned by Gold, Energy & defensives.
ASX experienced a quiet Friday managing to firm into the close ending the week at another all-time high. But again, there was still plenty of volatility on the stock level as we approach the end of reporting season.
The ASX pushed to another record close, extending its February rally with a strong bounce back in tech on a positive read through from Nvidia’s result, and the vast majority of companies reporting better than hoped earnings.
The ASX powered to a fresh record high today, brushing off a hotter-than-expected inflation print as investors leaned into a sharp rebound in technology stocks and a blockbuster earnings response from several companies.
The ASX finished essentially flat after giving back early gains, as another bout of selling in technology and financial stocks with continued weakness across the insurance complex as AI disruption fears linger
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.
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