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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 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 April, marking a slight increase from 2.7 per cent in March, and reflecting relative stability over the past five months. Housing inflation also saw a modest rise, climbing to 2.2 per cent in April from 1.8 per cent the previous month. Top Market Movers: On Wednesday, Web Travel Group (ASX: WEB) led the gainers, surging 12.39% to AUD 5.26, followed by Generation Development Group (ASX: GDG) up 6.88% to AUD 5.44, and Block, Inc. (ASX: XYZ)
Index Update: The S&P/ASX 200 rose 46.6 points (0.6%) on Tuesday to close at 8,407.6, tracking gains in US futures following a reprieve in trade tensions between the U.S. and the European Union. The equity benchmark moved closer to its record high, now just 1.7% below the 14 February 2025 peak. Over five days, it gained 0.77%. Six of eleven sectors finished higher, led by Information Technology, up 1.24% for the day and 2.44% over the week, while Real Estate dipped the most, falling 0.42%. Macro Update: The IMF’s April 2025 World Economic Outlook highlights rising global trade tensions, especially US tariffs reaching century-high levels, causing significant growth downgrades. Global growth is now projected at 2.8% for 2025, down from 3.3%, with advanced and emerging economies both slowing. Inflation declines more slowly than expected. Risks include financial instability, debt distress, and social unrest, while coordinated policies and structural reforms are urged to stabilise trade, fiscal health, and growth prospects. With a GDP of USD 30.507 trillion, the United States remains the world’s largest economy. China is the second-largest economy in 2025, with a GDP of USD 19.231 trillion. Top Market Movers: On Tuesday, Capstone Copper (ASX: CSC) led the gainers,
Index Update: The S&P/ASX 200 closed slightly higher on Monday, edging up just 0.10 points to finish at 8,361.00. Over the past five days, the index has remained largely flat and sits 2.95% below its 52-week high. Sector performance was mixed, with five sectors gaining and six declining. Information Technology led the gains, rising 1.08% on the day and 3.09% over the past week. Macro Update: U.S. President Donald Trump on Sunday delayed imposing 50% tariffs on European Union imports, extending the deadline to July 9 to allow more time for trade talks. Trump had announced on Friday the steep tariffs, set for June 1, citing slow progress in negotiations. The threat unsettled global markets and escalated an ongoing trade war marked by shifting tariff policies affecting key U.S. allies and trading partners. Top Market Movers: Uranium stocks led gains on the ASX, with Deep Yellow Limited (ASX: DYL) jumping 13.65% to AUD 1.415. Paladin Energy Ltd (ASX: PDN) rose 8.84% to AUD 6.280, while Boss Energy Ltd (ASX: BOE) climbed 7.29% to AUD 4.270. On the downside, Elders Limited (ASX: ELD) fell 6.67% to AUD 6.160, Mesoblast Limited (ASX: MSB) dropped 5.28%, and Origin Energy (ASX: ORG) slid 4.89%.
Index Update: The S&P/ASX 200 closed higher on Wednesday, gaining 64.00 points 0.77% to close at 8,349.10 as a decline in monthly core monthly inflation boosted expectations that the Reserve Bank of Australia could cut interest rates as soon as next month. Notably, the index has risen for four days straight. Over the week, the S&P/ASX 200 rose by 2.33% and is currently 1.94% below its 52-week high. The Australian benchmark index reversed from early morning drop of 0.1% as the Australian Bureau of Statistics (ABS) released the November Australian inflation data. Six sectors ended in the green, with the materials sector recording the maximum gain of 1.61%. Meanwhile, the information technology sector recorded the highest drop of nearly 0.82%. Macro Update: The data released by the ABS on Wednesday highlighted that in November, the Reserve Bank of Australia’s preferred measure of inflation, the "trimmed mean" or underlying inflation, decreased from 3.5% in October to 3.2%. While this figure remains above the RBA’s target range, it signals that inflation is cooling, strengthening the argument for the central bank to reduce interest rates for the first time in over a year when it meets on 17-18 February. Meanwhile, the consumer price
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