by Warren Head | Jan 27, 2023 | Daily Market Report Australia
The Australian sharemarket closed higher recording 4 weeks of consecutive gains and also reached 9 month highs, reports CommSec The ASX 200 lifted by 25.5 pts or 0.34 per cent to 7493.8 with eight (of 11) sectors gaining ground. Miners gave up early gains to close...
by Warren Head | Jan 25, 2023 | Daily Market Report Australia
The Australian sharemarket’s five-day winning streak (longest in six months) came to an abrupt end due to hotter than expected inflation, with the ASX 200 slipping by 22.1 pts or 0.3 per cent to 7468.3. It was a tentative start to trade, with the market running on the...
by Warren Head | Jan 24, 2023 | Daily Market Report Australia
24.1.23 For the first time in six months the Australian sharemarket has finished higher for a fifth straight day, with the ASX 200 lifting by 33 pts or 0.44 per cent to 7490.4., says CommSec. While tomorrow’s December quarter update on Australian inflation (CPI) has...
by Warren Head | Jan 23, 2023 | Daily Market Report Australia
23.1.23 The Australian sharemarket has kicked off the holiday shortened week cautiously, with the ASX 200 lifting by just 5.1 pts or 0.07 per cent to 7457.2. This marks the fourth consecutive trading day of gains with the index sitting at a 9-month high, comments...
by Warren Head | Jan 22, 2023 | Daily Market Report Australia
The Australian sharemarket again took a more positive course than US sharemarkets on Friday, supported by optimism on a reopening of the Chinese economy. The S&P/ASX 200 index rose by 17 points or 0.2% to 9-month highs. The ASX 200 rose 1.7% over the week to be up...
by Warren Head | Jan 19, 2023 | Daily Market Report Australia
19.1.23 The Australian sharemarket shrugged off a weaker session on Wall Street to finish higher on Thursday, reports CommSec. Data showing a fall in Aussie jobs in December raised hopes that the rate hiking cycle may be nearing a peak. The S&P/ASX 200 index rose...
