Latest Market News

Dow notches all-time high: ASX set to open higher

16 Apr 2021 - The ASX is set for a higher start, as a result of bullish performances of the benchmark indices on Wall Street overnight. The Dow Jones Industrial Average advanced by 305 points into the unknown territory of the 34,000s to reach an all-time high. US stocks soared after upbeat data from the Commerce Department, indicating a 10-month high rise of 9.8 per cent in retail sales for March. Stateside unemployment has also hit a post-pandemic low,...

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S&P 500 trips as Wall St banks kick off earnings season: ASX to open lower

15 Apr 21 - The ASX is set to open lower following mixed trade on Wall St. The S&P 500 slipped from record high while the Dow Jones rose as banks on Wall St kicked off reporting season. The US Federal Reserve announced a change in their bond buying program along with their release of the Beige Book report. Buy now pay later company Zip Co (ASX:Z1P) launched an offer to raise $400 million through a senior unsecured convertible...

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Consumer sentiment hits 11-year high: ASX tracking 0.6% higher

14 Apr 2021 - The Australian sharemarket opened higher this morning and re-entered the 7000s territory, driven by a strong rally in the tech sector and buy-now-pay-later stocks. Stateside gains on the tech-heavy Nasdaq added fuel to the fire of the S&P/ASX Infotech. Today’s performances in mining are in stark contrast to yesterday’s, as Gold miners are making amends for yesterday’s losses.

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