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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.
Image Source : Krish Capital Pty Ltd Index Update: The S&P/ASX 200 closed 23.20 points lower on Friday, down 0.27% at 8,515.70, despite hitting a 50-day high earlier in the session. Gains in mining and energy stocks supported early trading following a positive phone call between U.S. President Donald Trump and China's Xi Jinping regarding trade tariffs. Over the past five days, the index rose 0.96%, marking its fourth consecutive weekly gain, though it remains 1.15% below its 52-week high. Sector performance was mixed, with nine of eleven sectors closing lower. The energy sector led gains, rising 0.70% on Friday and 1.77% for the week. Macro Update: U.S. job growth likely slowed in May amid continued uncertainty over tariffs, though not enough to prompt the Federal Reserve to cut interest rates. The …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/ASX 200 edged down slightly on Thursday, slipping 2.90 points to close at 8,538.90—just below its recent high. The mild decline followed a flat session on Wall Street, where investors responded cautiously to an unexpected contraction in the US non-manufacturing sector—the first in a year—sparking speculation of at least two potential interest rate cuts by the Federal Reserve. Despite the dip, the ASX 200 has risen 1.54% over the past five days and now sits only 0.89% below its 52-week high. Out of the eleven sectors, four finished in positive territory. Information Technology led the gains, climbing 0.71% for the day and 1.09% over the week. Macro Update: The Australian dollar rose above 65 US cents, supported by a weaker US dollar …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/ASX 200 closed higher on Wednesday, extending previous day’s rally. The index rose by 75.10 points or 0.89% to finish at 8,541.80, setting a new 50-day high, breaching the psychologically important 8,500-point level. The rally came despite sluggish economic growth and global tariff tensions. Recent data showed minimal economic growth in the first quarter, boosting expectations of a potential rate cut. Over the past five days, the index has advanced 1.73% and now sits just 0.85% below its 52-week high. Nine of the eleven sectors ended in positive territory, with the energy sector leading the gains, up 2.26% for the day and 1.41% over the past week. Macro Update: Australia's economy grew modestly in the March quarter, with real GDP rising …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/ASX 200 closed higher on Tuesday, rising 52.60 points or 0.63% to reach 8,466.70, marking a new 50-day high. The Australian sharemarket posted its best session in a month, buoyed by a Wall Street rebound following reports that Beijing and Washington may resume trade talks soon. Over the past five days, the index has climbed 0.70% and currently sits 1.72% below its 52-week peak. Nine out of eleven sectors finished in positive territory, with the financial sector leading the gains, up 1.24% on the day and 1.81% over the past week. Macro Update: Australia’s current account deficit narrowed by AUD 1.7 billion to AUD 14.7 billion in the March quarter of 2025 (seasonally adjusted, current prices), according to data released today …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/ASX 200 closed lower on Monday, falling 20.60 points or 0.24% to 8,414.10. The Australian sharemarket dipped as concerns over US President Donald Trump’s ongoing global trade war dampened investor appetite for risk assets. Despite the drop, the index has gained 0.64% over the past five days and remains 2.33% below its 52-week high. Sector performance was mixed, with eight of the eleven sectors declining. Telecommunications Services led gains, rising 0.39% on the day and 0.33% over the past five days. Macro Update: President Donald Trump announced on Friday that the United States will double its tariffs on steel and aluminum imports from 25% to 50%, effective Wednesday. Speaking at a rally in Pittsburgh, Pennsylvania, Trump emphasised that the increased tariffs …
Image Source : Krish Capital Pty Ltd Index Update: The S&P/ASX 200 closed higher on Friday, rising 24.90 points or 0.30% to 8,434.70, capping a positive May where the benchmark rallied 3.8%, its best month since January. Over the past month, all 11 sectors posted gains alongside the index. However, Australian shares traded flat in the early hours on Friday following an update on Trump administration tariffs, a day after they were blocked by a trade court. Over the last five days, the index has gained 0.88% and remains 2.10% below its 52-week high. Seven of the 11 sectors ended higher Friday, with utilities leading the gains at +1.18%, recovering from a recent decline despite being down 0.68% over the past five days. Macro Update: Industry-wide operating profits in Australia declined …
Image Source : Krish Capital Pty Ltd Index Update: The Australian sharemarket edged up on Thursday, propelled by a rally in energy stocks. The S&P/ASX 200 closed 12.90 points higher, or 0.15%, at 8,409.80, reaching a new 50-day high. Over the past five days, the index has gained 0.73% and currently sits 2.38% below its 52-week peak. Seven of the 11 sectors finished in positive territory, with energy leading the charge, climbing 1.33% for the day and 5.13% over the past week. Macro Update: Private new capital expenditure (capex) declined by 0.1 per cent in the March quarter of 2025 and was 0.5 per cent lower compared to the prior corresponding period, according to seasonally adjusted, chain volume measures released today by the Australian Bureau of Statistics (ABS). The overall decline …
Image Source : Krish Capital Pty Ltd Index Update: The Australian share market closed lower on Wednesday despite a strong rally on Wall Street. The S&P/ASX 200 fell 10.70 points (0.13%) to 8,396.90 after hitting a new 50-day high earlier in the session. Profit-taking in major banks weighed on the index, which remains virtually unchanged over the past five days and is 2.53% below its 52-week high. Six of 11 sectors closed higher, with Energy being the top performer, gaining 2.22% for the day and 2.30% over the week. Macro Update: According to the latest data from the Australian Bureau of Statistics (ABS), the monthly Consumer Price Index (CPI) indicator rose by 2.4 per cent in the 12 months to April 2025. Annual trimmed mean inflation reached 2.8 per cent in …
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