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Market updates
Australian Shares on Track for Sixth Consecutive Gain as Rate Cut Hopes Rise
August 16, 2024 10:40 AM AEST| By Team Kalkine MediaAustralian shares are poised for their sixth straight session of gains, driven by a broad market rally as investors increasingly bet on central banks cutting interest rates later this year. This optimism follows a positive performance on Wall Street,...
MOVE Logistics (ASX:MOV) appoints new interim CEO to assume operational leadership starting early September.
August 16, 2024 09:59 AM AEST| By Team Kalkine MediaMOVE Logistics (ASX:MOV) has revealed that Paul Millward will assume the role of interim CEO starting in early September. Millward, formerly the CEO of ‘2 Cheap Cars,’ an NZX-listed company, is set to bring a robust background in sales leadership, fi...
ASX 200 Set to Climb, S&P 500 Surges, Plus Amcor, ASX Ltd, and Domain Report Earnings
August 16, 2024 09:55 AM AEST| By Team Kalkine MediaThe ASX 200 futures are up 77 points, or 0.98%, as of 8:30 am AEST, indicating a positive start to the trading day.,In the U.S., major indices surged on the back of strong corporate earnings from Costco (NASDAQ: COST) and Walmart (NYSE: WMT). July re...
ASX Gains with AGL Rising and Seven Group Up 5%
August 14, 2024 02:17 PM AEST| By Team Kalkine MediaThe Australian sharemarket saw a positive start today, buoyed by robust earnings results from AGL Energy Ltd. amid a busy week of corporate reports. The benchmark S&P/ASX 200 Index gained 0.6%, or 47.9 points, reaching 7874.7 in early trading, with t...
ASX Gains with Pro Medicus and Seven Up; ASX Ltd Declines
August 14, 2024 01:19 PM AEST| By Team Kalkine MediaThe Australian sharemarket extended its gains at midday, driven by impressive financial results from Pro Medicus Limited and Seven Group Holdings Limited. The benchmark S&P/ASX 200 Index rose by 0.9% or 67.9 points, reaching 7893.2 at lunchtime, with...
ASX Market Open: Local Bourse Set to Surge Following Positive US PPI Data | August 14, 2024
August 14, 2024 09:57 AM AEST| By Team Kalkine MediaHighlights:,ASX,200 Futures Signal a 0.8% Rise,:,The local market is expected to open higher, following a rally on Wall Street driven by lower-than-expected US producer inflation data.,Aussie,Dollar at 66 US Cents,:,The Australian dollar is currently...
ASX 200 Expected to Climb; S&P 500 Rallies on Softer PPI Data Amid Earnings from CBA and Pro Medicus
August 14, 2024 09:51 AM AEST| By Team Kalkine MediaThe ASX 200 is poised for an upward movement, following the positive momentum seen in the S&P 500 after the release of softer-than-expected Producer Price Index (PPI) data. This data has eased concerns over inflationary pressures, fueling optimism in...
Australian Shares Extend Gains Amid Mixed Earnings Results
August 13, 2024 04:40 PM AEST| By Team Kalkine MediaAustralian shares continued their positive momentum for the sixth consecutive session on a busy day of earnings reports. The S&P/ASX 200 Index (ASX: XJO) advanced 0.2% or 13.1 points to 7,826.8, building on a 0.5% gain from the previous day. The S&P/...
ASX Surging as Mining Stocks Continue to Perform Well
August 13, 2024 02:47 PM AEST| By Team Kalkine MediaAustralian shares experienced a modest increase early this afternoon, although disappointing results from biotechnology firm CSL Ltd,(ASX: CSL),and recruitment platform Seek Ltd tempered overall gains.,The S&P/ASX 200 Index (ASX: XJO) edged up by 0.3...
Consumer Sentiment Sees Modest Increase, Yet Remains Weak Amid Economic Concerns
August 13, 2024 11:27 AM AEST| By Team Kalkine MediaThe latest figures from the Westpac–Melbourne Institute Consumer Sentiment Index reveal a modest uptick in consumer sentiment for August 2024. The index, which serves as a key barometer of consumer confidence, rose by 2.8% to 85, up from 82.7 recorde...
Exploring REA and Woolworths Group Ltd: Insights on Two ASX Shares
August 13, 2024 11:07 AM AEST| By Team Kalkine MediaThe Rea Group Ltd share price has surged by 9.4% since the beginning of 2024, capturing attention among investors. In comparison, the Woolworths Group Ltd share price is currently 13% above its,52-week lows,. This raises an important question: Is the...
Australian Shares Steady with Earnings Season in Full Swing, Tracking Wall Street's Mixed Performance
August 13, 2024 11:04 AM AEST| By Team Kalkine MediaAustralian shares were largely steady shortly after the market open, with the S&P/ASX 200 Index dipping 4 points to 7810.70. This follows a 0.5% gain on Monday, as the market continues to navigate earnings season amid Wall Street's struggle for direc...
ASX 200 Futures Remain Steady, Gold Hits Record High; CSL, Seek, and Netwealth Announce Results
August 13, 2024 09:50 AM AEST| By Team Kalkine MediaMajor US benchmarks closed near breakeven ahead of key inflation data, while gold prices surged to a record high due to escalating tensions in the Middle East. Speculation continues over the sale of Albemarle's (ASX: ALB) stake in the Greenbushes lit...
Wesfarmers and ResMed Two ASX Shares to Watch
August 12, 2024 04:11 PM AEST| By Team Kalkine MediaThe Wesfarmers Ltd share price has surged 23.5% since the start of 2024. Meanwhile, ResMed CDI shares are currently just 4% shy of their,52-week high,. These movements suggest that both companies are worth keeping an eye on.,Wesfarmers Ltd (ASX: WES)...
ASX 200 Climbs as JB Hi-Fi Reports Positive Earnings
August 12, 2024 02:56 PM AEST| By Team Kalkine MediaThe Australian sharemarket advanced at midday, continuing its recovery with the S&P/ASX 200 Index climbing 38.7 points, or 0.5%, to 7816.4. This upward movement follows a rebound on Wall Street, as global markets attempt to recover from last week’s s...
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ASX Set to Climb as Earnings Season Reveals Economic Health
August 12, 2024 10:15 AM AEST| By Team Kalkine MediaHeadlines:,ASX Opening Higher:,The Australian sharemarket is set to open higher on Monday, with S&P/ASX 200 (ASX: XJO) futures indicating a 0.8% gain, following a strong rally in the previous session and amidst ongoing recovery from recent declines.,...
ASX 200 Futures Point to a Positive Open, S&P 500 Ends Higher Amid Bargain Hunting
August 12, 2024 10:08 AM AEST| By Team Kalkine MediaThe ASX 200 futures are trading 59 points higher, up 0.76% as of 8:30 am AEST, indicating a strong start for the index (ASX:XJO). In the U.S., the S&P 500 (NASDAQ:SPX) ended higher on Friday and remained largely unchanged for the week. Major benchma...
Top Australian Stock Gainers: A Detailed Overview
August 12, 2024 12:00 AM AEST| By Team Kalkine MediaIn the latest trading session, several Australian stocks have stood out with impressive gains, reflecting strong market enthusiasm. Here’s a closer look at the top performers:,Summit Minerals Limited (ASX:SUM),Summit Minerals Limited has shown a sign...
ASX Sees Broad Rally, While QBE Ltd (ASX: QBE) Faces Decline
August 09, 2024 12:36 PM AEST| By Team Kalkine MediaAustralian shares experienced a broad rally shortly after the market opened, mirroring the positive sentiment from Wall Street. This upbeat movement followed the latest US jobless claims data, which eased concerns about a potential economic recession...
Australian Shares Surge 1.04% as Wall Street Rallies on Positive Jobless Claims Data
August 09, 2024 12:15 PM AEST| By Team Kalkine MediaHighlights:,Australian,Shares Rise 1.04%,:,The S&P/ASX 200 index climbed 1.04% to 7,761.70, driven by technology stocks and positive US jobless claims data that alleviated recession concerns.,Top,Performers and Decliners,:,Life360 (ASX:360) surged 17...
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