Evening Markets Report – 16th February 2023
The Australian sharemarket rose on Thursday, bouncing off a 4-week low and doing enough to recoup most of the prior session’s declines. A surprisingly soft monthly update on employment encouraged buying; giving the Reserve Bank another reason to potentially slow the pace of rate hikes. The S&P/ASX 200 index rose by 58 points or 0.8…
Evening Markets Report – 15th February 2023
The Australian sharemarket had one of its most significant declines of the year so far, with the ASX 200 sliding by 78.7 pts or 1.1 per cent to 7352.2 and hitting a 4-week low in the process. The local bourse has only improved twice in eight sessions, due in part to increased rate hike concerns,…
Evening Markets Report – 14th February 2023
The Australian sharemarket snapped three days of losses on Tuesday, following a strong start to the week on Wall Street. The S&P/ASX 200 index advanced by 13 points or 0.2 per cent to close at 7430.9 points. In overseas markets on Monday, key indexes in the US rose with the Dow and the S&P 500…
Evening Markets Repost – 13th February 2023
The Australian sharemarket started the week in negative territory on Monday, extending last weeks losses. The S&P/ASX 200 index fell by 16 points or 0.2 per cent following a mixed lead from Wall Street on Friday. In overseas markets on Friday, key indexes in the US were mixed with the Dow and the S&P 500…
Evening Markets Report – 10th February 2023
The Australian sharemarket again followed the lead of Wall Street and ended lower on Friday. The S&P/ASX 200 index fell by 57 points or 0.8%. The All Ordinaries index fell by 65 points or 0.8%. Over the week the ASX200 fell by 1.6% – the first fall in six weeks. In overseas markets on Thursday,…
Evening Markets Report – 9th February 2023
The Australian share market followed the lead of Wall Street and ended lower on Thursday. The S&P/ASX 200 index fell by 40 points or 0.5 per cent. The All Ordinaries index fell by 45 points or 0.6 per cent. Despite the decline, the ASX 200 is only 1.8 per cent short of record highs. In…
