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ASX flat as investors await US data

The share market jumped to reach its highest level in almost three months on Monday morning before shedding early gains to finish flat at the end of trading.The benchmark S & P/ASX200 added just 4.1 points, to finish at 7,199 at the…

ASX rallies ahead of RBA decision

It was a positive start to the week for the Australian share market which rallied on Monday as investors raised their bets that the Federal Reserve and other central banks had finished raising interest rates.Josh Gilbert, market analyst at…

ASX rebounds ahead of October CPI

The Australian share market rebounded on Tuesday as investors await fresh monthly inflation data scheduled for release on Wednesday.The benchmark index, the S&P/ASX200 added 0.4 per cent, or 27.6 points, to reach 7015.2 at the closing…

ASX drops as oil plunges

The Australian share market edged lower on Friday after energy stocks weighed heavily on the benchmark as oil prices plummeted overnight on fears of falling US and Chinese demand. The S & P/ASX200 lost 0.1 per cent, or 9 points, to…

Energy, real estate drag ASX lower

The Australian share market lost ground on Monday as losses in energy and real estate stocks dragged the benchmark lower. The ASX200 slipped 0.4 per cent, or 30 points, to close at 6,948.8 points. Utilities were the only sector to finish in…

ASX down as Fed spooks investors

The Australian share market finished lower on Friday after head of the US Federal Reserve Jerome Powell suggested the central bank could well hike rates again this cycle.The S & P/ASX200 fell 0.6 per cent, or 38.4 points, to close at…

ASX edges higher but tech drops

The Australian share market edged higher on Thursday as heavy losses in tech and energy stocks were offset by gains in health stocks.The S & P/ASX200 edged up by 0.3 per cent to close at 7,014.9 points. The All Ords also climbed 0.2 per…

ASX climbs 2.2 per cent over week

The Australian share market extended its gains for the third consecutive day on Friday to close 2.2 per cent higher over the week of trading.The benchmark S & P/ASX200 increased 1.1 per cent, or 78.5 points, to reach 6,978.2 and…

ASX edges higher despite mining losses

The Australian share market closed higher Tuesday as a late rally in financial stocks offset sharp losses in the materials sector.The S & P/ASX200 gained just 0.1 per cent, or 7.8 points, to reach 6,780.7. The All Ordinaries also rose,…

ASX sinks to 12-month record low

The Australian share market fell to its lowest level in more than 12 months on Monday as traders grew increasingly concerned that the escalation of the Israel-Hamas war could spill over across the Middle East. The S & P/ASX200 lost 0.8…