Monday Market Madness 22nd January 2018
The Australian stock market recorded a poor performance last week and extended its losing streak to four sessions on Friday, as Investors contrasted a raft of company updates with sharp gains on Wall Street made amid optimism over corporate earnings trends. The benchmark ASX 200 index fell by 1.1% to 6006 points. Resources (Energy -4.3% and Materials -2.5%) and Telecom (-4.5%) stocks were at the forefront of losses. Consumer stocks took up residence on the other side of the spectrum.
Monday Market Madness 15th January 2018
Despite touching a 10-year high on Tuesday, the Australian stock market ended last week in negative territory on the back of broad based selling towards the end of the week. The benchmark S&P/ASX 200 index fell by 0.8% to 6075. The worst performers were consumer, industrials and property stocks. Resources stocks fared well on the back of strong commodity prices.
Monday Market Madness 8th January 2018
Happy New Year!!! The pattern continues in 2018 with equities; the Dow Jones Industrial Average has sailed past 25,000 for the first time as the bull market rages on. Stocks rallied around the world on signs the global economic expansion that pushed benchmarks to records in 2017 remains intact.
Monday Market Madness 18th December 2017
The Australian market was modestly higher last week, helped by some Mergers & Acquisitions activity. Westfield spiked as the shopping mall giant announced that Europe’s largest listed property group, Unibail-Rodamco, wants to acquire Westfield in a cash and scrip offer valuing the company at A$10.01 per security as at 11 December.
Monday Market Madness 11th December 2017
The Australian market was modestly higher last week as the Reserve Bank of Australia left the cash rate on hold at 1.50%. The RBA reiterated its view that monetary policy remained accommodative and leaving rates unchanged in December was consistent with its desired economic outcomes over the medium term.
Monday Market Madness 20th November 2017
Last week saw the Australian market down with the ASX 200 index falling back below 6,000 points early in the week after disappointing leads from offshore. The market failed to recover throughout the rest of the week, impacted by weaker than expected economic data.
Monday Market Madness 13th November 2017
The Australian market outperformed major global markets last week with the ASX 200 index rising above 6,000 points and finishing the week higher. Despite hovering around near decade highs, the market still lags its record-breaking offshore counterparts this year. Local investors were encouraged by a number of positive corporate outlook statements and Chinese inflation data that showed that the world’s second-largest economy was still motoring along.
Monday Market Madness 6th November 2017
The Australian market was higher last week with the ASX 200 index grinding towards 6,000 points, a level that has not been experienced since before the global financial crisis.
Monday Market Madness October 30th 2017
The Australian market was modestly higher last week but was largely unaffected by a weak September quarter CPI reading.
Monday Market Madness 23rd October 2017
The Australian market was higher last week with the ASX 200 index climbing above 5,900 points, the highest level since May. The market was buoyed by a positive global growth picture, Wall Streets continued run of records and a mixed bag of company news.
