Latest Market News

US Tax hike fears undermine upbeat data: Aus shares to open lower

23 Apr 2021 - Australian shares are tipped to open lower, following pessimistic sentiment from the US in response to multiple reports that President Joe Biden is set to raise taxes on high-income earners. Market pundits are predicting an increase of 19.6 per cent to 39.6 per cent in the capital gains tax rate for 7-figure earners to rejuvenate COVID-hit sectors of the US economy.

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Wall St stages a comeback: ASX to open higher

22 Apr 2021 - The ASX is set to rise following Wall St closing in the black. After two straight days of declines, the comeback was led by investors buying into shares poised to benefit from the economic recovery. AMP (ASX:AMP) reports their Australian wealth management assets for Q1 21.

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ASX snaps post-pandemic streak of highs: Aus shares trading 0.7% lower

20 Apr 2021 - The Australian sharemarket continued its bullish trend in the afternoon session, disrupting its streak of record-breaking performances in the post-pandemic period. Losses in the big four banks induced downward pressure on the market, as Commonwealth (ASX:CBA) topped the falls, shedding 1.4 per cent by 3.40pm. All sectors except for Telcos closed in negative territory, as Infotech led the declines. Medical blue-chip CSL (ASX:CSL) dropped 0.4 per cent before the close of trade to epitomise the...

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Tech & Healthcare weighs on market: Aus shares tracking 0.4% lower

20 Apr 2021 - The ASX’s record-breaking form suffered a setback this morning, dipping in the opening hours of today’s trading session. The Australian tech sector mimicked its Wall Street equivalent and copped big losses. Stocks in healthcare have also contributed to the downward pressure on the broader market. Telcos and Real Estate Investment Trusts are fighting the tide and appear to be the only sectors in the black.

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Wall St takes a breather from record levels: ASX to open lower

20 Apr 2021 - The ASX is set to open lower following Wall St closing in the red. The Dow Jones dipped by 0.4% while the tech heavy Nasdaq underperformed its peers dropping by 1%. Property investor and asset manager, Irongate (ASX:IAP) has entered into agreements to acquire two Brisbane industrial properties for a total of $20.2 million. Latitude Financial (ASX:LFS) is set to ring the bell in Melbourne today.

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