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A concise overview of the day's financial market activity, highlighting key stock movements, trends, and major events. Stay updated on market performance and critical shifts that impact your investments.
Index Update: The S&P/ASX 200 fell 0.49% on Friday, closing at 8,666.90, and logging a 1.03% loss over the past five sessions. The index remains 1.25% below its 52-week high. Sector performance was mixed, with 7 of 11 sectors closing lower. Materials led the losses, plunging 1.73%, followed by Financials (-0.45%) and Health Care (-0.44%). On the upside, Energy gained 1.80%, while Information Technology and Utilities posted modest gains of 0.25 and 0.06% respectively, providing limited support to the broader market. Macro Update: U.S. jobless claims fell to a three-month low last week, signaling a stable labor market despite slower hiring. Meanwhile, inflationary pressures are building, with an S&P Global survey showing businesses raised prices in July. The rise in U.S. business activity and higher pricing supports economists’ expectations of accelerating inflation in the second half, largely driven by tariffs imposed under President Trump’s trade policy. Top Market Movers: On Friday, Infratil Limited (ASX:IFT) topped the gainers, rising 3.83% to AUD 10.57. Newmont Corporation (ASX:NEM) gained 3.81% to close at AUD 95.38, followed by Woodside Energy Group Ltd (ASX:WDS), up 3.72% to AUD 26.20. Among the biggest decliners, Champion Iron Limited (ASX:CIA) slid 4.94% to AUD 5.00, AMP Limited (ASX:AMP)
Index Update: The S&P/ASX 200 closed 0.32% lower on Thursday, shedding 27.80 points to finish at 8,709.40. Losses were widespread across sectors, with Industrials (-1.17%), A-REITs (-1.08%), and Consumer Discretionary (-0.70%) leading the declines. Health Care stood out as the lone sector in positive territory, gaining 1.04%. Despite the day’s decline, ASX 200 has risen 0.81% over the past five sessions and now sits just 0.76% below its 52-week high. Macro Update: The Albanese government has officially lifted longstanding biosecurity restrictions on US beef, clearing the path for the full resumption of American beef exports to Australia. The decision, conveyed to Washington overnight on Wednesday, removes a key justification previously cited by the Trump administration for imposing punitive tariffs on Australian goods. According to a government source, the move follows scientific advice from a review process that began well before Donald Trump secured a second term as US president. Top Market Movers: Top gainers on the ASX 200 on Thursday included PEXA Group Limited (ASX: PXA), which surged 16.53% to close at AUD 15.09, followed by Clarity Pharmaceuticals (ASX: CU6), up 10.23%, and Neuren Pharmaceuticals (ASX: NEU), which climbed 8.97%. On the downside, Bapcor Limited (ASX: BAP) plunged 28.38% to
Index Update: The Australian equities rebounded strongly on Wednesday with the benchmark S&P/ASX 200 gaining around 0.7%, to 8,737.20 points, just 0.45% shy of its 52-week high. Over the past five trading days, the index surged 2.05% in total ascent. Sectoral strength was almost universal, with ten of 11 sectors advancing. Materials led the charge, jumping approximately 1.2% on the day and posting a five-day gain of 6.3%, firmly underpinning the market’s recovery. Macro Update: U.S. President Donald Trump has finalised a substantial trade agreement with Japan that reduces existing tariffs on auto imports and averts the imposition of new duties on other Japanese goods. In return, Japan has committed to a USD 550 billion package of investment and loans directed toward the U.S. economy. The deal, considered the most consequential among several negotiated since Trump introduced global tariffs in April, will see tariffs on Japanese autos, representing over a quarter of Japan's U.S. exports, reduced from 25% to 15%. Additional duties scheduled to take effect on 01 August will also be trimmed by a similar margin. As part of the arrangement, Japan will boost imports of American agricultural products, including rice. Top Market Movers: Top gainers on the ASX
Index Update: The S&P/ASX 200 closed modestly higher on Tuesday, rising 9.00 points or 0.10% to finish at 8,677.20. The index has gained 0.54% over the past five sessions and remains 1.13% below its 52-week high. Sector performance was mixed, with gains in Materials (+2.37%) and Health Care (+2.08%) leading the market. In contrast, Financials dragged on the index with a notable loss of 1.65%. Macro Update: The European Union still seeks a trade deal with the U.S. but is preparing retaliatory measures as President Trump pushes for steep tariffs. With an August 1 deadline looming, EU officials are drafting a reprisal plan, responding to Trump’s threats of 30% duties on EU goods and sector-specific levies, according to reports from Bloomberg and The Wall Street Journal. Top Market Movers: Top gainers on the ASX included Insignia Financial Ltd (ASX: IFL), which surged 12.21% to AUD 4.41, followed by Imdex Ltd (ASX: IMD) up 9.33% to AUD 2.93, and West African Resources Ltd (ASX: WAF) gaining 8.60% to AUD 2.40. On the losing side, Liontown Resources (ASX: LTR) fell 6.31% to AUD 0.97, Lovisa Holdings (ASX: LOV) dropped 3.76%, and Iluka Resources (ASX: ILU) slipped 3.36%. Commodity Update: The dollar remained
Index Update: The Australian share market posted its sharpest one-day fall since April, as investors offloaded major bank stocks amid fears of overvaluation. The S&P/ASX 200 dropped 89.00 points, or 1.02%, to close at 8,668.20 on Monday, retreating from a fresh 52-week high. Financials led the decline, shedding 2.26%, while nine of 11 sectors closed in the red. Energy bucked the trend, emerging as the top performer with a 1.19% gain for the day and 3.55% over the past week. Macro Update: While Donald Trump struggles to persuade the Federal Reserve to cut interest rates, central banks worldwide seem more inclined to act. Bloomberg forecasts that most of the 23 central banks it tracks will ease policy rates in the coming months, with advanced-economy rates expected to drop over 70 basis points in 2025. The shift reflects growing concern that Trump’s aggressive trade measures, aimed at reshaping global commerce, may weigh more heavily on economic growth than on consumer price inflation. Top Market Movers: Liontown Resources (ASX: LTR) surged 11.35% to AUD 1.030, leading the top gainers on Monday. Block, Inc. (ASX: XYZ) followed closely with an 11.18% rise to AUD 122.000, while AMP Limited (ASX: AMP) advanced 9.77% to
Index Update: The S&P/ASX 200 surged 1.37% or 118.20 points on Friday to close at 8,757.20, marking a new 100-day high. The benchmark index rose 2.06% over the past five sessions and now sits just 0.22% below its 52-week peak. All eleven sectors closed in positive territory, led by health care with gains at +2.47%, followed by materials (+2.06%) and IT (+1.50%). Macro Update: Growing instability in U.S. financial markets could have far-reaching global consequences, with economists warning that a potential dismissal of Fed Chair Jerome Powell by Donald Trump may trigger a spike in long-term U.S. Treasury yields and a decline in the US dollar. Such moves risk destabilising global financial systems, as many central banks hold large reserves in dollar-denominated assets. With the U.S. dollar used in nearly 90% of cross-border payments, any disruption could have widespread ripple effects.. Top Market Movers: Mesoblast Limited (ASX: MSB) topped the ASX gainers, surging 34.6% to close at AUD 2.41. Clarity Pharmaceuticals (ASX: CU6) advanced 11.8% to AUD 3.89, while Liontown Resources (ASX: LTR) rose 10.1% to AUD 0.93. On the downside, Yancoal Australia (ASX: YAL) led losses, slipping 5.8% to AUD 5.84. Medibank Private (ASX: MPL) declined 2.5% to AUD
Index Update: Australian shares surged to a record high on Thursday, driven by higher gains in financials and industrials, as weaker-than-expected jobs data raised expectations of a near-term interest rate cut. The S&P/ASX 200 jumped 77.20 points, or 0.90%, to close at 8,639.00, marking a new 100-day high. The index is now just 0.03% shy of its 52-week peak and has added 0.58% over the past five sessions. Sector-wise, Industrials (+1.43%), Financials (+1.33%), and A-REITs (+1.31%) led the rally, while Information Technology (+1.02%) and Utilities (+0.99%) also posted notable gains. Macro Update: Australia’s seasonally adjusted unemployment rate edged up to 4.3% in June, according to data released by the Australian Bureau of Statistics (ABS) on Wednesday. The economy added a net 2,000 jobs during the month, following a decline of 1,000 in May, with part-time roles increasing by 40,000 while full-time employment dropped by 38,000. Despite the slight monthly gain, total employment is up 2.0% from June 2024. Market focus now shifts to the Reserve Bank of Australia’s (RBA) August 12 policy meeting, with Reuters reporting that around 90% of traders expect a rate cut. The RBA held rates steady earlier this month, citing the need for more clarity on
Index Update: The S&P/ASX 200 slipped on Wednesday, losing 68.50 points or 0.79% to close at 8,561.80, retreating after touching a new 20-day high. Despite the pullback, the index has edged up 0.27% over the past five sessions and remains just 0.89% below its 52-week peak. Sector performance was mixed, with nine of the eleven sectors finishing lower alongside the broader index. Information Technology stood out as the day’s best performer, rising 0.90% and extending its five-day gain to 1.10%. Macro Update: U.S. President Donald Trump announced a new tariff deal with Indonesia, agreeing to reduce tariffs on Indonesian imports to 19% in return for “full access” for American businesses, though Jakarta has yet to confirm the terms. The news rippled through markets on Wednesday, with the U.S. dollar and Treasury yields rising after U.S. inflation data signalled the tariffs’ growing impact on consumer prices, particularly for imports like coffee and home furnishings. The uptick in inflation has also fueled bets that the Federal Reserve may delay interest rate cuts. Top Market Movers: Nuix Limited (ASX: NXL) surged 7.58% to AUD 2.27, leading gains on Wednesday, followed by Lifestyle Communities (ASX: LIC) up 6.49% at AUD 4.76, and Megaport (ASX:
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