ASX 200 Slides into Weekend as Energy Sector (XEJ) Gains 4.7%
The Australian stock market presented a mixed picture to end the trading week, with the benchmark S&P/ASX 200 Index (ASX: XJO) facing downward pressure while the S&P/ASX 200 Energy Index (INDEXASX: XEJ) surged to new heights. As the ASX 200 dipped 0.21% into the weekend at 8,547.40, the XEJ closed at 8,625.20, marking a significant…
Woodside Energy Shares Make Big Red/Green YTD Move On Oil Price Gains
Woodside Energy shares (ASX:WDS) ended the week trading at A$25.21, as a gain of 7.41% on the day moved the price back into positive territory year-to-date (+1%). With the Israeli strike on Iran increasing tensions in the region, crude oil prices have soared more than 7% today. While the stock has shown strength today as…
Why is Domino’s Pizza Share Price (DMP) Down Again?
Domino’s Pizza Enterprises shares (ASX:DMP) continue in a seeming state of freefall today, with a 4.91% decline bringing the price to a close at the low of $20.32. Sentiment has been bearish for some time now, with an 85%+ drop from September 2021 highs, although the pace of decline is gathering pace in recent weeks….
Fortescue Metals Group Shares (ASX: FMG) Drop Alongside Iron Ore Price
Fortescue Metals shares (ASX: FMG) closed at $15.66, marking a 3.39% decline and cutting its winning streak at six days. This near-term positive momentum, with an 8% rise since the start of June (now 4.4%) leading into the session, contrasting with the significant challenges the company faced in recent times. The company’s performance in 2024…
Qantas to Ground Jetstar Asia Amidst Rising Costs – Jetstar Airways/Japan Not Impacted
Qantas Airways (ASX: QAN) announced today its decision to shutter Jetstar Asia, its Singapore-based budget airline subsidiary, by July 31, 2025. The move, attributed to escalating operational costs, intense regional competition, and persistent financial losses, marks the end of a 20-year venture that has struggled to achieve consistent profitability. While the news brings job losses…
Winners and Losers From July’s Minimum Wage Increase
In a move poised to ripple through the Australian economy, the Fair Work Commission (FWC) has mandated a 3.5% increase to the national minimum wage, effective July 1st. This adjustment, raising the hourly rate to A$24.94, translates to an extra A$1,670 annually for the approximately 2.6 million Australians relying on the national minimum wage or…
ASX 200 Hits New High as Energy and Materials Sectors Lead
The Australian stock market continues its strong performance, with the S&P/ASX 200 (XJO) hitting a new high at 8,639.10 early in the session, driven primarily by strong gains in the energy and materials sectors. The index closed marginally higher on the day, up 0.057% at 8,592.10 as the attempt to hold 8,600 fell flat through…
Lynas Rare Earths Shares Pull Back From Highs as US-China Talks Progress
Lynas Rare Earths shares (ASX: LYC) closed at $8.60 today, a significant 8.22% drop that has seen the break above $9 halted with the ever-present influence of China on the global rare earths market casting a shadow. This decline follows a period of upward momentum that saw the stock reach a two-year high above $9 ($9.42), fuelled…
Zip Shares (ASX: ZIP) Continue To Rally as BNPL Regulations Shift
Buy Now, Pay Later (BNPL) provider Zip Co shares (ASX: ZIP) enjoyed a significant boost today, climbing 6.39% as new regulations governing the BNPL sector in Australia come into effect. The stock closed at $2.33, reflecting a continuation of the upward trend observed over the past week and month, and push the company back beyond…
Can BHP Shares Recapture $40? A Bull and Bear View
BHP Group Limited (ASX: BHP), the world’s largest mining company, finds itself at a critical juncture. Currently trading at $38.23, BHP’s share price has gained 11.9% off April’s low, yet remains 4.3% below where it began 2025. Now the question as to whether BHP can sustain recent momentum and definitively break through the $40 psychological…
