The ASX 200 ended the week down 1.5% trading at its lowest level since July, with the vast majority of the damage unfolding on Friday. The week ended with the local market suffering its worst day in 10 weeks amid a global pullback in risk assets. Hawkish comments by Fed officials on Thursday night dialled back expectations that they would cut rates in December, sending rate-sensitive stocks lower. The tech, financial, and real estate sectors were the worst performers, while the materials and energy names again led the line, gaining 3.8% and 1.9%, respectively
The ASX 200 finished the week down -1.3%, sliding to new 9-week lows on Friday and marking 7 declines in the past 9 trading sessions. Only the energy sector provided meaningful support to the index, while technology, resources, and rate-sensitive areas such as consumer discretionary and real estate noticeably underperformed.
The ASX200 ended the week down -1.5% as rate-sensitive stocks weighed on the market following Australia's hotter than expected CPI and Jerome Powell's message that another Fed rate cut in December was no foregone conclusion. Another strong week by uranium and copper names did little to dent the selling across the healthcare, tech, real estate and retail sectors, with some big and influential names front and centre, dragging the index back under the 8900 level, even as US indices continued to post fresh highs:
The ASX200 ended the week up +0.3% with 8 of the main 11 sectors advancing. It was another week that saw investors “buy dips” while preferring to rotate between stocks/sectors as opposed to selling the market per se. Momentum traders had a week to forget with precious metals stocks getting whacked as gold and silver experienced their worst day in more than a decade, and even on Friday, gold traded in a $US100/oz range, although it again held support ~$US4,000.
The ASX200 ended the week up +0.4% but it looked so much stronger into lunch on Thursday, with the index pushing through 9100 for the first time in its history after soft local employment data lifted the market's hopes for a rate cut on Melbourne Cup Day. However, the broad market struggled on Thursday afternoon and especially on Friday, with the gold stocks the main reason we didn’t finish the week in negative territory as the precious metals continued to march ever higher. Monday is poised to deliver some major reversion with many stocks that struggled last week likely to enjoy a bid, and vice versa.
The ASX200 ended the week mildly softer, with tech and consumer discretionary stocks dragging the index down 0.3%. While the index treads water on the stock & sector level, the local market is getting more interesting with a strong performance by the miners almost offsetting broad-based weakness, with 5 of the main 11 sectors retreating between 1.4% and 2.4%.
By Friday's close, the winners' enclosures contained an eclectic mix, with the material sector dominant in the positive contributors while the tech names were noticeable on the other side of the ledger:
The ASX200 ended last week up +2.3%, with the first three days of October already recouping all of September's decline. The healthcare sector made a welcome return to the winners' enclosure, ably supported by the influential miners and banks, while the energy sector was the only meaningful drag on the index. Only a flat week by the heavyweight iron ore miners reined in performance, although their sector peers worked hard to address their slumber, with 18 members of the materials sector closing out the week up more than +5%.
The ASX200 snapped a 3 week losing streak up +0.2% although the broad market was soft with 8 of the main 11 sectors closing lower. However, a stellar +5.9% advance by the influential materials sector was enough to see the local bourse close higher, even as global indices experienced a rare dip for 2025. This recent sector rotation into the miners will be challenged early next week following a dip by BHP in the US on Friday night.
The ASX200 ended last week down 1% with only the rate-sensitive tech, consumer discretionary and utilities sectors taking some solace from the Fed's 0.25% rate cut. The energy sector stood out in the losers enclosure, dropping 4% after Abu Dhabi National Oil Co’s investment arm, XRG, walked away from its $36.4bn bid for Santos (STO). The market traded in another tight 150-point/1.7% range as the Fed rate cut failed to deliver any meaningful lead.
The ASX200 ended last week largely flat, holding September's current pullback to 1.2%. It may have been a quiet week on the index level, but it wasn’t on the sector level, with solid gains by the rate-sensitive tech, real estate, and utilities sectors while the energy sector fell 4.5% as OPEC+ maintained its elevated supply. It was disappointing to see the local index drift while US indices punched higher, although a number of majors trading ex-dividend did weigh locally. The heavyweight miners slipped slightly after mining giants Anglo American / Teck Resources agreed to merge, forming a ~$53 billion copper powerhouse.
The ASX 200 finished the week down -1.3%, sliding to new 9-week lows on Friday and marking 7 declines in the past 9 trading sessions. Only the energy sector provided meaningful support to the index, while technology, resources, and rate-sensitive areas such as consumer discretionary and real estate noticeably underperformed.
The ASX200 ended the week down -1.5% as rate-sensitive stocks weighed on the market following Australia's hotter than expected CPI and Jerome Powell's message that another Fed rate cut in December was no foregone conclusion. Another strong week by uranium and copper names did little to dent the selling across the healthcare, tech, real estate and retail sectors, with some big and influential names front and centre, dragging the index back under the 8900 level, even as US indices continued to post fresh highs:
The ASX200 ended the week up +0.3% with 8 of the main 11 sectors advancing. It was another week that saw investors “buy dips” while preferring to rotate between stocks/sectors as opposed to selling the market per se. Momentum traders had a week to forget with precious metals stocks getting whacked as gold and silver experienced their worst day in more than a decade, and even on Friday, gold traded in a $US100/oz range, although it again held support ~$US4,000.
The ASX200 ended the week up +0.4% but it looked so much stronger into lunch on Thursday, with the index pushing through 9100 for the first time in its history after soft local employment data lifted the market's hopes for a rate cut on Melbourne Cup Day. However, the broad market struggled on Thursday afternoon and especially on Friday, with the gold stocks the main reason we didn’t finish the week in negative territory as the precious metals continued to march ever higher. Monday is poised to deliver some major reversion with many stocks that struggled last week likely to enjoy a bid, and vice versa.
The ASX200 ended the week mildly softer, with tech and consumer discretionary stocks dragging the index down 0.3%. While the index treads water on the stock & sector level, the local market is getting more interesting with a strong performance by the miners almost offsetting broad-based weakness, with 5 of the main 11 sectors retreating between 1.4% and 2.4%.
By Friday's close, the winners' enclosures contained an eclectic mix, with the material sector dominant in the positive contributors while the tech names were noticeable on the other side of the ledger:
The ASX200 ended last week up +2.3%, with the first three days of October already recouping all of September's decline. The healthcare sector made a welcome return to the winners' enclosure, ably supported by the influential miners and banks, while the energy sector was the only meaningful drag on the index. Only a flat week by the heavyweight iron ore miners reined in performance, although their sector peers worked hard to address their slumber, with 18 members of the materials sector closing out the week up more than +5%.
The ASX200 snapped a 3 week losing streak up +0.2% although the broad market was soft with 8 of the main 11 sectors closing lower. However, a stellar +5.9% advance by the influential materials sector was enough to see the local bourse close higher, even as global indices experienced a rare dip for 2025. This recent sector rotation into the miners will be challenged early next week following a dip by BHP in the US on Friday night.
The ASX200 ended last week down 1% with only the rate-sensitive tech, consumer discretionary and utilities sectors taking some solace from the Fed's 0.25% rate cut. The energy sector stood out in the losers enclosure, dropping 4% after Abu Dhabi National Oil Co’s investment arm, XRG, walked away from its $36.4bn bid for Santos (STO). The market traded in another tight 150-point/1.7% range as the Fed rate cut failed to deliver any meaningful lead.
The ASX200 ended last week largely flat, holding September's current pullback to 1.2%. It may have been a quiet week on the index level, but it wasn’t on the sector level, with solid gains by the rate-sensitive tech, real estate, and utilities sectors while the energy sector fell 4.5% as OPEC+ maintained its elevated supply. It was disappointing to see the local index drift while US indices punched higher, although a number of majors trading ex-dividend did weigh locally. The heavyweight miners slipped slightly after mining giants Anglo American / Teck Resources agreed to merge, forming a ~$53 billion copper powerhouse.
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.
