ASX slumps to three-week low
The ASX fell to a three-week low on the back of negative leads from overseas markets and weaker oil prices, which hit energy stocks.
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The ASX fell to a three-week low on the back of negative leads from overseas markets and weaker oil prices, which hit energy stocks.
The Australian sharemarket breached a key resistance level in morning trade but ground lower as the day wore on, with banks and miners losing ground.
A ‘less chaotic’ US Presidential debate and National Cabinet’s agreement to reopen almost all state borders by Christmas helped the ASX on Friday.
The Australian sharemarket clawed back after an early tumble but still closed lower, with energy stocks losing ground after oil prices plunged.
The Australian sharemarket held firm after new economic data failed to excite investors, but resources and bank stocks gained ground.
The Australian sharemarket fell after the RBA gave no clear signal of a Melbourne Cup Day rate cut, with banks and miners losing ground.
Australian stocks ended Monday’s trading day on a seven-month high, despite weaker than expected figures coming out of China.
The Australian share market ended its recent strong rally as ‘risk off’ sentiment crept back, with the benchmark index retreating below its key resistance level.
A hint from the Reserve Bank of Australia that an interest rate cut could be coming boosted the local share market to a seven-month high.
The Australian sharemarket dipped after its recent winning streak, as widely expected, with Flight Centre among the worst performers.
The benchmark S&P/ASX 200 index eclipsed a milestone before pulling back, but the Australian sharemarket still closed at a seven-month high.
The new ASX website has got off to a disastrous start – crashing, not showing company announcements, missing old features – and users aren’t happy.
Big-name retailers and brands like JB Hi-Fi, Kogan and Breville surged after the Federal Budget boosted consumer spending prospects.
Aussie stocks gained momentum towards the end of the trading day amid hopes the federal budget will deliver much-needed stimulus to the ailing economy.
Optimism this week’s federal budget will contain strong measures to stimulate the economy pushed the Australian share market higher.
The Australian share market was already in negative territory before US President Donald Trump tweeted his COVID-19 diagnosis, then rapidly went even further south.
A hopeful US stimulus package has prompted an upbeat end for Thursday’s local trading day, with Australian mining shares rallying.
The Australian share market closed slightly lower despite the extension of Federal Government support to the aviation sector boosting travel-related stocks.
The Federal Government’s plan to loosen responsible lending laws boosted bank stocks, driving the Australian share market higher.
The Australian share market bounced back in a rally that impressed analysts, but volatility is expected to continue until after the US election.
The Australian share market has narrowly avoided its fifth straight week of losses, with banks among those weighing on stocks.
A cautious outlook for the property market has caused the Australian sharemarket to slip, with major banking shares taking a tumble.
The Australian sharemarket has ended the local session stronger as resuming vaccine trials rallies global economic confidence.
The Australian stock market finished the week lower, with the benchmark index weighed down by banks, big miners and tech stocks.
The Australian share market rose after a three-day Wall St sell-off was snapped, with tech stocks regaining some ground.
A massive tech stock sell-off on Wall St and lower oil prices have helped plunge the Australian share market firmly into the red.
A strong lead from European share markets has combined with a higher iron ore prices to help push up the ASX for the second consecutive day.
Banks, miners and bargain hunters helped push the share market marginally higher, but nowhere near enough to offset Friday’s big plunge.
The ASX has shed $50 billion within a half-hour window today, nosediving almost 3 per cent by midday and erasing all gains seen in the past month.
The Australian stock market closed higher for the second straight day, with the S&P/ASX200 breaching the key 6100-point mark.
Original URL: https://www.news.com.au/topics/asx/page/32