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ASX performance

This tag is associated with 58 posts

22 Nov 2019 (AFR) – ASX wipes $41b in two days amid trade turmoil

(22 November 2019, AFR, p30, William McInnes, Reporter) ‘Australian shares tumbled for a second day running on Thursday, as concerns over the future of a potential US-China trade deal reverberated around global markets. The S&P/ASX 200 Index fell 49.5 points, or 0.7 per cent, to 6672.9, with $41 billion wiped from the bourse in the … Continue reading

21 Nov 2019 (AFR) – ASX dives on Westpac, US-China tensions

(21 November 2019, AFR, p28,William McInnes, Reporter) ‘The financial crimes regulator alleged of the bank there were more than 23 million contraventions of the law, related to money coming in and out of Australia from Europe and Asia. Australian shares posted their biggest fall in six weeks as a potential US-China trade deal was thrown … Continue reading

18 Nov 2019 (AFR) – Blue chips carry market to record-breaking territory

(18 November 2019, AFR, p24, Vesna Poljak, Markets Editor) ‘Australian shares are on the cusp of breaking records this week as the benchmark index inches closer to July’s high, and a mix of market updates and profits from Goodman Group to Aristocrat underscores interest in roaring blue chip stocks. Wall Street continues to smash records, … Continue reading

16 Nov 2019 (AFR) – ASX’s blue chips shatter records as trade deal nears

(16 November 2019, AFR, p1, Vesna Poljak and Bo Seo) ‘Australia’s blue chip share prices have shrugged off this week’s soft job numbers to hit new highs as global financial markets continue to rally around hopes of a trade deal with the US and China. Investors seized on comment by Larry Kudlow, US President Donald … Continue reading

14 Nov 2019 (AFR) – Bingo soars as US-China trade jitters hit

(14 November 2019, AFR, p30, Luke Housego and Sarah Turner) ‘Australian shares closed lower on Wednesday for a second consecutive day, with investors increasingly anxious about the prospects of a trade deal between the US and China, although Bingo Industries soared. The S&P/ASX 200 index closed 54.67 points, or 0.8 per cent, lower at 6698.30, … Continue reading

12 Nov 2019 (TheAge) – ASX: CSL surge helps drive ASX to 3-month high

(12 November 2019, The Age, Business, p29, By Lucy Battersby and David Scutt) ‘Australia’s sharemarket enjoyed a strong session on Monday, closing the day at its highest level in three months. The S&P/ASX 200 now sits just 73 points below its all-time closing high of 6845 points, which it tapped on July 30. Monday’s bullish … Continue reading

9 Nov 2019 (AFR) – ASX weekly wrap: ASX firms as potential trade deal draws closer

(9 November 2019, AFR, p33, William McInnes, Reporter) ‘The Australian sharemarket closed the week higher on Friday, edging closer to a fresh record, as hopes for a potential trade deal soothed investors’ fears. The S&P/ASX 200 Index closed the week 55 points, or 0.8 per cent, higher at 6724.1, just 121 points shy of its … Continue reading

8 Nov 2019 (AFR) – ASX rallies on sharp reversal of bank sell-off

(8 November 2019, AFR, p34, Luke Housego, Reporter) ‘Australian shares rallied on Thursday after a day of significant announcements that saw the banks and some tech companies post gains that gave the local market a notable boost. The S&P/ASX 200 Index advanced 66.4 points, or 1 per cent, to 6726.6, after National Australia Bank surprised … Continue reading

31 Oct 2019 (TheAge) – ASX snaps seven session winning streak as investors brace for Fed decision

(31 October 2019, The Age, Business, p27, By David Scutt) ‘The longest rally in Australian shares in over two years came to abrupt end on Wednesday as reduced rate cut bets from the RBA, uncertainty over progress in US-China trade negotiations and caution ahead of several key central bank and economic data events combined to … Continue reading

25 Oct 2019 (TheAge) – Energy sector drives ASX higher as AGM season ramps up

(25 October 2019, The Age, Business, p25, By David Scutt) ‘Australian shares posted modest gains on Thursday, supported by strength in energy and consumer discretionary stocks. The benchmark S&P/ASX 200 Index added 20.5 points, or 0.3 per cent, to close at a fresh one-week high of 6693.6. Despite registering a gain, the index had been … Continue reading

18 Oct 2019 (TheAge) – ASX: Five-day rally for Australian shares comes to a shuddering halt

(18 October 2019, The Age, Business, p24, By David Scutt and Reuters) ‘The five-day rally on the ASX came to a shuddering halt on Thursday, driven by losses across all sectors except energy. The benchmark S&P/ASX 200 slid 0.8 per cent to 6684.7, finishing the day near its session lows. The selloff accelerated midway through … Continue reading

12 Oct 2019 (AFR) – ASX snaps two-week losing streak on trade hopes

(12 October 2019, AFR, p33, Lucas Baird, Reporter) ”The Australian sharemarket staged a minor recovery over the past five trading days and advanced for the first week in three, correcting a wobbly start to October that saw it post the worst weekly loss since last November. The S&P/ASX 200 Index advanced 59.7 points, or 0.9 … Continue reading

8 Oct 2019 (TheAge) – ASX: US-China trade talks to dominate as public holidays subdue local trading

(8 October 2019, The Age, p29, By Lucy Battersby) ‘The local market had a strong session on Monday albeit with very low volumes due to public holidays around the country. A positive lead came from Wall Street US on Friday after US non-farm payrolls expanded by 136,000 in September. This missed expectations but still boosted … Continue reading

4 Oct 2019 (AFR) – ASX crushed as manufacturing recession intensifies

(4 October 2019, AFR, p1, Sarah Turner, Reporter) ‘Australian shares were swamped by a wave of global selling, as weak US activity data dialled up the panic around an escalating manufacturing recession and sent expectations of further interest rate cuts soaring. The S&P/ASX 200 Index fell nearly 150 points, or 2.2 per cent, to 6493 … Continue reading

20 June 2019 (TheAge) – US-China trade talks send ASX soaring

(20 June 2019, The Age, Business, p29, By Luke Housego) ‘Hopes of a de-escalation in the trade dispute between China and the US drove Australian shares higher on Wednesday, after both regimes agreed to hold talks on the side of the G20 meeting in Japan next week. The benchmark S&P/ASX 200 climbed 78.1 points, or … Continue reading

20 June 2019 (AFR) – US-China trade talks send ASX soaring

(20 June 2019, AFR, p28, Luke Housego, Reporter) ‘Hopes that the trade dispute between China and the US would settle down drove shares higher on Wednesday, after both regimes agreed to hold talks on the side of the G20 meeting in Japan next week. The benchmark S&P/ASX 200 climbed 78.1 points, or 1.2 per cent, … Continue reading

20 June 2019 (AFR) – Easing trade concerns set ASX soaring to near record high

(20 June 2019, AFR, p15, William McInnes, Reporter) ‘Australian shares surged towards a record high on Wednesday as trade tensions between the US and China showed signs of easing for the first time in several weeks. Indications global central banks would move toward a more accommodative monetary policy added to the positive sentiment, pushing the … Continue reading

19 June 2019 (TheAge) – RBA rate cut prospects drive ASX gains

(19 June 2019, The Age, Business, p29, By Luke Housego) ‘Rising expectations of further interest rate cuts drove Australian shares higher on Tuesday, as the Reserve Bank’s minutes from its June meeting revealed the possibility of two rate cuts before the end of the year. The benchmark S&P/ASX 200 advanced 39.1 points, or 0.6 per cent, … Continue reading

12 June 2019 (AFR) – ASX up 1.6pc as investors bet on stimulus

(12 June 2019, AFR, p1, Patrick Commins and William McInnes) ‘The ASX blew past an 11-year high on Tuesday, confirming Australia’s position as one of the top performing sharemarkets in 2019 as investors bet that RBA rate cuts and fiscal stimulus will bolster economic growth and boost company profits. The decision by US President Donald … Continue reading

12 June 2019 (TheAge) – ASX extends 11-year high on US-Mexico deal

(12 June 2019, The Age, Business, 29, By William McInnes) ‘Australian shares rose to an 11-year high on Tuesday after the United States scrapped its threat to impose tariffs on Mexican imports, which lifted global investor optimism. The S&P/ASX 200 Index rose 102.4 points, or 1.6 per cent, to 6546.3, beating the previous high of … Continue reading

9 April 2019 (TheAge) – ASX advances on solid US jobs

(9 April 2019, The Age, Business, p29, By William McInnes) ‘Australian shares rebounded from a loss in the back-end of last week on Monday, following a strong session on Wall Street on Friday as stocks rose on the back of a solid US employment report.’ Read more at TheAAge.com.au

4 April 2019 (AFR) – Budget lifts ASX to highest in over six months

(4 April 2019, AFR, p36, William McInnes) ‘Australian shares extended their gains into a seventh straight session on Wednesday as continued market optimism and a positive federal budget helped the market to a more than six-month high. The S&P/ASX 200 Index rose 42.6 points, or 0.7 per cent, to 6285 while the broader All Ordinaries … Continue reading

30 March 2019 (AFR) – ASX enjoys best quarter since 2009

[COMMENT: Great news item with lovely headline; but when we look at the “bigger picture” in the chart I have included, we can see that in this quarter the index almost recovered the ground lost in the previous quarter – it ALMOST recovered the lost ground. And the index is still below the highs of … Continue reading

19 March 2019 (AFR) – How the ASX has defied a slowing economy

(19 March 2019, AFR, p27, Patrick Commins) ‘…The economy slowed markedly in the second half of 2018. After growing at almost 4 per cent on an annualised basis over the first half of the year, GDP expanded at an annualised pace of more like 1 per cent annualised over the back half. A global growth … Continue reading

5 March 2019 (AFR) – ASX climbs to six-month high

(5 March 2019, AFR, p28, William McInnes) ‘Australian shares advanced to a six-month high on Monday as investor sentiment remained positive heading into a busy month for global investors. The S&P/ASX 200 Index climbed 24.7 points, or 0.4 per cent, to 6217.4 while the broader All Ordinaries rose 28.7 points, or 0.5 per cent to … Continue reading

1 March 2019 (AFR) – ASX defies global fears, slowdown – Profits season a bonanza for shareholders

(1 March 2019, AFR, p1, Patrick Commins) ‘Fears that a slowing economy would severely crimp corporate earnings proved unfounded through the profits season, resulting in a bumper February on the ASX as big bank stocks enjoyed a post-Hayne relief rally and miners showered investors with cash. The Australian sharemarket posted its strongest month since mid-2016, … Continue reading

27 Feb 2019 (AFR) – ASX falls to its worst session in eight weeks

(27 Feb 2019, AFR, p24, William McInnes) ‘The Australian sharemarket recorded its biggest percentage loss in eight weeks on Tuesday as the major miners fell and index heavyweights traded ex-dividend. The S&P/ASX 200 Index fell 57.9 points, or 0.9 per cent, to 6128.4 while the broader All Ordinaries closed 54.6 points, or 0.9 per cent, … Continue reading

12 Feb 2019 (AFR) – Financials fall in major day for results after Bendigo and Adelaide disappoints

(12 February 2019, AFR, p30, by Vesna Poljak) ‘Australian shares fell on Monday dragged lower by financials stocks as Bendigo and Adelaide Bank’s weaker-than-anticipated first-half numbers took the wind out of the high-flying banking sector. The regional lender declined 6.8 per cent to $10.39 and led the big four banks down with it. Bank of … Continue reading

17 Jan 2019 (TheAge) – Why markets should be more nervous about what lies ahead

(17 January 2019, The Age, Business, p20, by Stephen Bartholomeusz) ‘The pre-Christmas implosion in sharemarkets seemed to be signalling something very unpleasant ahead. The New Year bounce back in markets suggests the outlook may not be quite that bad. That doesn’t, however, mean that markets are sanguine about the prospects for the US and the … Continue reading

16 Jan 2019 (TheAge) – ASX climbs to two-month high

(16 January 2019, The Age, Business, p28, by William McInnes & Natasha Gillezeau) ‘Australian shares advanced to the highest level since November 13, ending two days of losses for the local market as positive sentiment returned. The S&P/ASX 200 Index rose 41.2 points, or 0.7 per cent, to 5814.6 while the broader All Ordinaries climbed … Continue reading