Falls in technology nudged the Australian sharemarket down on the first day of the new financial year. The S&P/ASX200 closed down 0.22 per cent, to 7,750.70, with seven of the 11 industry sectors finishing in the red. Strike Energy was the worst performer on the day. More delays to productionContinue Reading
The Australian sharemarket closed lower on Monday, as investors priced in rising geopolitical uncertainty in the Middle East. The benchmark ASX 200 fell 0.46 per cent, or 35.6 points, to end the session at 7752.5, while the broader All Ordinaries index slipped 0.51 per cent, or 40.8 points, to endContinue Reading
The Australian share market soared to its highest level since the start of August on Thursday after the US Federal Reserve kept rates on hold and flagged rate cuts would commence in 2024. At the closing bell, the S & P/ASX200 had climbed 1.7 per cent, or 120.1 points, toContinue Reading
The Australian share market firmed on Wednesday as healthcare, financials and materials stocks offset heavy losses booked by oil producers. The benchmark S&P/ASX200 climbed 0.3 per cent, or 22.5 points, to reach 7257.80 points, while the broader All Ordinaries rose a similar amount, to finish at 7469.10 at the closingContinue Reading
The Australian share market tumbled lower to its lowest level in 11 months on Wednesday following a broad sell-off on Wall Street overnight. Stronger-than-expected job vacancies data, which showed the number of available positions climbed to 9.61 million in August, up from 9 million in July, fuelled traders’ fears thatContinue Reading
The Australian sharemarket recorded another steep fall on Wednesday, dropping a further 0.6 per cent to a six-month low after tracking losses on Wall St overnight. The local benchmark sank to a further 42.1 points on open, after tumbling below the 7000 mark on Tuesday despite the fourth consecutive ratesContinue Reading
The Australian sharemarket has had a surprisingly bad day as a result of Fitch cutting its US credit rating coupled with the Australian dollar dropping. The ASX200 saw all sectors ending in the red, losing 96 points or 1.3 per cent to 7355 on Wednesday. CommSec said all 11 industryContinue Reading