by Warren Head | Feb 7, 2023 | Daily Market Report Australia
7.2.23 The Australian sharemarket had a volatile trading session ahead of the Reserve Bank’s first interest rate decision of the year at 2:30pm AEDT. Following the announcement of a 25 basis point rate hike, the S&P/ASX 200 index quickly shed around 50 points from...
by Warren Head | Feb 3, 2023 | Daily Market Report Australia
3.2.23 The Australian sharemarket lifted again on Friday, despite a mixed finish on Wall Street. The S&P/ASX 200 index rose by 46.5 points or 0.6% to 7,558.1, edging closer to record highs of 7,632.8, said Craig James, chief economist at CommSec. On Thursday, the...
by Warren Head | Feb 2, 2023 | Daily Market Report Australia
2.3.23 The Australian sharemarket lifted again on Thursday, supported by a positive, but volatile, session on Wall Street. Investors digested the 25 basis point lift in the federal funds rate by the Federal Reserve. While further ongoing increases in rates were...
by Warren Head | Feb 1, 2023 | Daily Market Report Australia
1.2.23 Australian shares rose on Wednesday, supported by stronger industrial metals prices, with mining shares performing well on the benchmark S&P/ASX 200 index, notes CommSec, The index rose 25 points or 0.3% to 7,501.70 points, the highest closing level since...
by Warren Head | Jan 31, 2023 | Daily Market Report Australia
31.1.23 The Australian sharemarket eased for a second day, with the ASX 200 giving up this morning’s gains to slide by 5 pts or 0.07 per cent to 7476.7. Despite the losses, January was the best start to a year in close to four decades (1986), with markets encouraged...
by Warren Head | Jan 30, 2023 | Daily Market Report Australia
The Australian sharemarket has had a messy start to the week, with the ASX 200 closing 12.1pts or 0.16 per cent lower to 7481.7, comments Steven Daghlian, market analyst at CommSec, “While tech and telecommunication services stocks rose most, declines from major...
