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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 Australian stock saw a notable rebound as investors reacted to a tentative ceasefire between Iran and Israel, announced by US President Donald Trump. The S&P/ASX 200 Index climbed 80.60 points, or 0.95%, to close at 8,555.50 on Tuesday, moving above its 20-day moving average. Although the index has remained flat over the past five days and is 0.97% below its 52-week high, market sentiment has improved broadly. Eight of eleven sectors ended higher, with materials leading the gains, up 1.98%. However, the energy sector was a notable laggard, falling around 4%, its sharpest drop this week, amid weakening oil prices and global demand concerns. Macro Update: Oil prices surged to their highest levels since January on Monday after the US launched strikes on Iran and signalled the possibility of further military action, heightening fears of supply disruptions. However, Brent and WTI crude prices slipped 3-7% today after US President Donald Trump announced ceasefire between Israel and Iran, reducing fears of disruptions to oil shipments—especially through the Strait of Hormuz. Top Market Movers: The top gainers on the ASX were led by HMC Capital Limited (ASX: HMC), which jumped 6.94% to AUD 4.930. Pilbara Minerals Limited (ASX: PLS)
Index Update: The Australian share market extended losses to a fifth day on Monday as investors weighed rising geopolitical tensions following U.S. strike on Iran’s nuclear sites over the weekend. The S&P/ASX 200 dropped 30.60 points, or 0.36%, to close at 8,474.90, slipping below its 20-day moving average. The index has fallen 0.85% over the past five sessions and now sits 1.90% below its 52-week high. Market sentiment was mixed, with eight of 11 sectors ending lower. Financials outperformed, gaining 0.33% on the day and 0.28% over the last five days, while energy stocks saw modest support amid a spike in oil prices. Macro Update: U.S. strikes on Iran’s three main nuclear facilities have intensified geopolitical tensions. The potential scale of Iran’s retaliation now poses a major risk, with global markets watching closely. Institutions like the World Bank and International Monetary Fund have recently lowered growth forecasts, citing persistent uncertainty. Meanwhile, central banks in the U.S., U.K., and Japan kept interest rates steady last week, opting for caution amid rising instability and ongoing Middle East conflict concerns. A spike in oil and gas prices or disruptions in trade routes could further slow economic recovery. Top Market Movers: Viva Energy Group
Index Update: The Australian share market recorded its lowest level in over two weeks on Friday, with the S&P/ASX 200 falling 18.20 points or 0.21% to 8,505.50, as investors grew cautious over rising geopolitical tensions. The index dropped 0.49% for the week and now sits 1.55% below its 52-week high. Market sentiments were affected by Donald Trump's claims that the U.S. may strike Iran within two weeks, despite Wall Street being closed yesterday for the Juneteenth holiday. Among the sectors on the ASX, utilities led gains, rising 0.74% for the day, while six of the eleven sectors declined. Macro Update: US President Trump has finalised a trade deal with the United Kingdom this week, encouraging the European Union to seek a similar agreement despite recent negotiation challenges. The EU now expects a 10% reciprocal tariff baseline, following the US-UK deal that kept existing tariffs in place. However, Trump has threatened tariffs of up to 50% on EU imports once the current tariff pause expires on July 9. Meanwhile, Canada’s Prime Minister Mark Carney warned of potential tariff hikes on US steel and aluminum imports by late July. At the G7 this week, both leaders remained optimistic about reaching a trade
Index Update: The Australian sharemarket closed slightly lower on Thursday, weighed down by a broad sell-off in mining stocks, with the sector down by 1.78%. The benchmark S&P/ASX 200 index slipped 7.50 points to finish at 8,523.70. Over the past five trading days, the index has declined 0.48% and remains 1.34% below its 52-week high. Sector performance was mixed, with seven of the 11 sectors finishing in the red. Financials bucked the trend, emerging as the best-performing sector with a gain of 0.92% on the day and up 0.15% over the week. Macro Update: Australia's unemployment rate held steady at 4.1% in May, according to data released today by the Australian Bureau of Statistics (ABS). While employment fell by 2,000 people this month, jobs are still up 2.3% compared to May 2024, outpacing the pre-pandemic 10-year average annual growth of 1.7%. On the global front, the U.S. Federal Reserve held interest rates steady, projecting two rate cuts by end-2025. However, Chair Jerome Powell warned against overreliance on forecasts, citing "meaningful" inflation ahead. He noted rising consumer prices, driven in part by import tariffs proposed by the Trump administration, could complicate the path to lower borrowing costs. Top Market Movers: The
Index Update: The Australian share market ended lower on Wednesday as renewed geopolitical tensions added to global uncertainty. Market sentiment was impacted by developments at the G7 summit and cautious commentary on international relations, leading to broader declines across global equities and fluctuation in oil prices. The S&P/ASX 200 slipped 0.12% to close at 8,531.20, down 0.71% over the past five days and 1.25% below its 52-week high. Despite the index’s decline, eight of 11 sectors posted gains, with Information Technology emerging as the top performer, advancing 1.23% for the day and 1.77% over five sessions. Materials was the worst performer in the market today, declining 1.57%. Macro Update: Oil prices eased in Asian trade on Wednesday, pulling back from a 4% gain in the previous session, as investors balanced fears of supply disruptions due to the escalating Iran-Israel conflict against concerns that a potential U.S. Federal Reserve rate hike could dampen demand. Tensions remain high, with the U.S. boosting military presence in the region and fears growing over security in the Strait of Hormuz, a vital oil shipping route. Top Market Movers: On Wednesday, Viva Energy Group (ASX:VEA) led gains in the ASX 200 index, rising 5.34% to AUD
Index Update: The Australian share market closed slightly lower on Tuesday, following a volatile session marked by geopolitical uncertainty. The S&P/ASX 200 slipped 7.10 points to end at 8,541.30, after US President Donald Trump’s social media post urging evacuation of Tehran triggered nervous trading across Asian markets. The benchmark index has now declined 0.53% over the past five sessions and remains 1.13% below its 52-week high. Market sectors ended mixed, with seven of eleven finishing in the red. A-REITs led gains, rising 0.36% on the day and 0.47% over the week. Macro Update: The recent U.S.-China trade truce in London has left security export restrictions unresolved. Issues over rare earth magnets and advanced AI chip controls remain in place. The U.S. may extend tariffs beyond 10 August, delaying a comprehensive trade deal between the two countries. On the other hand, the US Federal Reserve is in a tough spot ahead of this week’s meeting. Inflation remains stubborn, yet the job market shows signs of weakening. Cutting interest rates could ease unemployment but risk higher inflation, especially with new tariffs in play. Holding rates steady might help reduce inflation but worsen job losses. Top Market Movers: Bellevue Gold (ASX: BGL) led
Index Update: Australian shares edged slightly higher on Monday, supported by a rally in energy stocks following a spike in oil prices. The S&P/ASX 200 index ended the session up just 1.00 point, closing at 8,548.40. Over the past five trading days, the benchmark has risen 0.38% and now sits 1.05% below its 52-week high. Market performance was mixed, with five sectors closing higher and six lower. Energy led the gains, surging 5.21% on the day and posting a 12.04% increase over the past week, driven by rising crude prices amid escalating Middle East tensions. Macro Update: The U.S. dollar strengthened on Monday, buoyed by rising geopolitical tensions between Israel and Iran, which spurred demand for traditional safe-haven assets. Investors grew increasingly cautious amid intensifying conflict, after Iran retaliated against Israel’s largest-ever military strike on Iranian assets. The move triggered a broad flight to safety on Friday, with investors shifting into the dollar and gold, while oil prices surged on fears of broader supply disruptions in the Middle East. Markets are bracing for a highly consequential week, with geopolitical developments and central bank decisions in sharp focus. The spotlight is firmly on the Federal Reserve, which is set to conclude
Index Update: The S&P/ASX 200 closed lower on Friday, slipping 17.70 points or 0.21% to finish at 8,547.40. The decline followed news of Israel's attack on Iran’s nuclear sites, heightening geopolitical tensions. The index has gained 0.37% over the past five sessions and sits just 1.06% below its 52-week high. Eight of the eleven sectors ended in the red alongside the broader index. Energy stood out as the best-performing sector buoyed by a sharp rise in oil prices following Israel’s military strikes on Iran. The energy sector advanced 4.70% for the day and 6.49% over the week. Macro Update: The Australian dollar fell sharply against the US dollar on Friday morning, losing 1 per cent within just a few hours. The decline followed reports of Israeli air strikes on Iran, with the Israel Defense Forces (IDF) stating that the attacks targeted sites linked to Iran's nuclear program. This geopolitical tension triggered a surge in oil prices and a flight to safety, with investors snapping up US Treasury bonds, driving bond yields sharply lower, since bond prices and yields move in opposite directions. The market reaction marked an extraordinary reversal from late yesterday, when investors had been moving into the Australian
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