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Press and Media Mentions
ASX Close: Stocks spurred on by rising economy
Featured On: The Market Herald
Cyclical stocks steered the share market higher after unexpectedly strong growth figures underlined the speed of Australia's economic recovery.
The S&P/ASX 200 rallied 56 points or 0.82 per cent, led by gains in miners, industrials and banks.
ASX Update: Miners lead rally after GDP boost
Featured On: The Market Herald
Aussie shares reversed yesterday's falls as mining stocks forged higher and data showed the economy was recovering faster than expected.
The S&P/ASX 200 climbed 36 points or 0.5 per cent by mid-session. Gains in miners, banks and industrials outweighed declines in tech and health stocks.
The dollar put on a tenth of a cent on news the economy expanded by 3.1 per cent last quarter. The Aussie was last up 0.12 per cent at 78.33 US cents.
ASX holds onto gains; Austal up 7.2%, real estate leads
Featured On: The Sydney Morning Herald
S&P/ASX200 was last up 1.4%, thanks to broad based gains in all sectors, except materials. Banks, technology, and real estate were doing particularly well
Regional markets were also rallying with the Nikkei up 2.3%, Hang Seng up 1.3%, and China’s CSI300 up 1.3%. Futures are pointing to strong gains on Wall Street tonight
Crown Resorts loses another director, John Poynton, as it continues the regulator-enforced retreat from James Packer’s CPH
ASX Update: Stocks wilt under inflation threat
Featured On: The Market Herald
Australian stocks briefly plunged more than 2.5 per cent to a three-week low, joining a global sell-off as surging bond yields undercut buying interest in equities.
The S&P/ASX 200 dived as low as 6659 before trimming its loss to 144 points or 2.1 per cent at 6690. The decline pulled the index under 6700 for the first time since February 1.
ASX Close: Bloody end to fifth monthly rise
Featured On: The Market Herald
The share market held on for a fifth straight month of gains despite a brutal final session as a global sell-off swept through Asia.
February saved its worst for last. The S&P/ASX 200 skidded 161 points or 2.35 per cent today, its heaviest loss since a 187-point dive in September. The decline mirrored falls in the US and Asia as a spike in borrowing costs sharpened inflation fears.
ASX Close: Asian slump compounds sell-off
Featured On: The Market Herald
The ASX joined a regional sell-off as US futures deteriorated, the dollar hit a three-year high and tech stocks declined for a third session. The S&P/ASX 200 slumped to its lowest level in almost three weeks, losing 61 points or 0.9 per cent.
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