ASX bounces back from early slump after Dow Jones posts worst fall in two years
4 years, 10 months ago

ASX bounces back from early slump after Dow Jones posts worst fall in two years

ABC  

The Australian share market has clawed back some lost ground after an early plunge saw more than $100 billion wiped off the value of local stocks in just two days. ASX at the close: ASX 200 index closed down 1.6pc at 6,867, after initially dropping about 2.5pc Some companies that were hard hit in early trade rallied to finish the day significantly higher Australian listed companies had lost more than $100 billion in value over the past two days, before the falls eased The rebound came after Wall Street's Dow Jones index posted its worst session in two years overnight, falling by more than 3.5 per cent. Delayed coronavirus reaction Share markets have roared blithely higher as the coronavirus outbreak worsened in China, but that complacency appears to have been punctured in the biggest sell-off for two years, writes Ian Verrender. "Whilst we feel that this could represent a buying opportunity, especially in Asia and emerging markets, investors would do well to recognise that this recent weakness may have a way to run, given that it could be a sign that a well-worn playbook may have only just stopped working," cautioned Paras Anand, the chief investment officer for the Asia-Pacific at global investment giant Fidelity. Market 'reality check' on coronavirus ANZ's economics team has analysed the bank's internal data to calculate that spending at Australia's major international airports dropped 27 per cent between mid-January and early-February.

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History of this topic

Australian dollar now at risk of plummeting to pandemic-era lows, analysts say
1 week, 2 days ago

Australian dollar now at risk of plummeting to pandemic-era lows, analysts say

ABC  

The Australian dollar has fallen sharply, hitting a multi-year low of 61.88 US cents — a level not seen since October, 2022. "The problem with the Australian dollar appears to be that there was a real wobble in the Chinese currency into New Year's Eve," InTouch Capital Markets senior FX analyst Sean Callow said. The US dollar has performed strongly …

Australian shares fall as banks and miners drag
1 week, 4 days ago

Australian shares fall as banks and miners drag

Live Mint  

Dec 30 - Australian shares fell on Monday after three straight sessions of gains, as index heavyweight banks retreated and mining stocks declined on weak underlying commodity prices. The benchmark has risen 8.4% so far this year, heading for a second straight session annual gain, even though investors were worried about an uneven economic recovery in Australia's top trading partner …

The Australian dollar could be heading to a 20-year low, on risks of China, Trump and slow growth
2 weeks, 3 days ago

The Australian dollar could be heading to a 20-year low, on risks of China, Trump and slow growth

ABC  

You wouldn't be an economics forecaster for quids. A weak Chinese economy, American threats to impose punishing trade tariffs, a poor medium-to-longer-term outlook for our key exports and a sluggish economy are likely to keep the Australian dollar under pressure through 2025, threatening to send it into the 50 US cents. The upside of heading down The Australian dollar is …

Australia shares fall 1% on commodity declines, CBA posts slightly better profit
1 month, 4 weeks ago

Australia shares fall 1% on commodity declines, CBA posts slightly better profit

Live Mint  

Nov 13 - Australian shares fell on Wednesday for the third consecutive session, with the mining and financial sectors declining the most, and the country's number one bank fell after it reported earnings. The mining index bore the brunt of weaker iron ore prices in top steel producer China as investors remained unconvinced of the stimulus measures to prop up …

Australian dollar tumbles on fears of Chinese economic slowdown
5 months, 2 weeks ago

Australian dollar tumbles on fears of Chinese economic slowdown

ABC  

After climbing to a six-month high two weeks ago, the Australian dollar has since tumbled, as fears mount about the economic health of our largest trading partner, China. "Until the Chinese government makes a material stimulus, and puts some actual money behind this idea of recovery in the property market, the iron ore price is going to remain subdued," Bell …

How will the ASX, Wall Street, other share markets and the Australian dollar perform in 2024?
1 year ago

How will the ASX, Wall Street, other share markets and the Australian dollar perform in 2024?

ABC  

Key market and currency watchers say the Australian share market is likely to outperform other major financial markets in 2024 and the Australian dollar will trade higher against the greenback with or without interest rate cuts. Key points: The ASX 200 could reach a record high in 2024 The Australian dollar is likely to continue to rise But a recession …

Markets bounce back in early trade after three days of fall; Sensex climbs 300 points
1 year, 5 months ago

Markets bounce back in early trade after three days of fall; Sensex climbs 300 points

India TV News  

Equity benchmark indices rebounded in early trade on Friday after three days of fall amid buying in IT counters and mixed global market trends. The 30-share BSE Sensex climbed 300.1 points to 65,540.78 in early trade. India's services sector growth touched a 13-year high in July as a substantial improvement in demand conditions and pick-up in international sales induced the …

Markets bounce back in early trade after two days of fall; Rupee rises 10 paise against US dollar
1 year, 7 months ago

Markets bounce back in early trade after two days of fall; Rupee rises 10 paise against US dollar

India TV News  

Stock markets: Equity benchmark indices bounced back in early trade on Friday after two days of fall, following a positive trend in global markets. Also, automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra reporting robust wholesales of passenger vehicles in the domestic market in May and GST collections crossing Rs 1.50 lakh crore for the third month in …

FTX crypto founder Sam Bankman-Fried pleads not guilty, ASX rebounds
2 years ago

FTX crypto founder Sam Bankman-Fried pleads not guilty, ASX rebounds

ABC  

The Australian share market has ended its day with strong gains, and managed to claw back all of yesterday's steep losses. The ASX 200 index jumped 1.6% to close at 7,059 points, with almost every sector posting gains. The US dollar was on the back foot after a steep spike overnight, with investors keenly awaiting minutes from the Federal Reserve's …

ASX lower as global geopolitical tensions weigh, ASIC suspends licence of FTX Australia, Deliveroo goes under
2 years, 1 month ago

ASX lower as global geopolitical tensions weigh, ASIC suspends licence of FTX Australia, Deliveroo goes under

ABC  

The corporate regulator has suspended the financial services licence of the Australian arm of collapsed cryptocurrency exchange FTX, and the Australian market ended lower on concerns about an escalation of the war in Ukraine after two people were killed in an explosion in eastern Poland. Key points: The S&P 500 index rose 0.9 per cent, to 3,991, the Nasdaq jumped …

ASX edges lower, RBA admits reputational damage over low rates forecast, AGL investors back board overhaul
2 years, 1 month ago

ASX edges lower, RBA admits reputational damage over low rates forecast, AGL investors back board overhaul

ABC  

The ASX has fallen for a second day in a row, and the Commonwealth Bank has posted a multi-billion profit for the first few months of the new financial year. Key points: The Dow Jones index lost 0.6pc to 33,537, the S&P 500 fell 0.9pc to 3,957, and the Nasdaq lost 1.1pc to 11,196 The FTSE 100 in London rose …

Australian dollar sinks to 29-month low on 'rising risk' of global recession, ASX drops 1.4 per cent
2 years, 3 months ago

Australian dollar sinks to 29-month low on 'rising risk' of global recession, ASX drops 1.4 per cent

ABC  

Australian shares have fallen significantly, tracking heavy losses on Wall Street as worries about higher interest rates and a potential recession in the United States hurt investor sentiment. Key points: The Australian dollar peaked at 76.6 US cents in April It has since dropped 17 per cent as global recession fears mount The US Fed is tipped to lift interest …

ASX dives again amid rate rise and recession fears, gold and oil stocks fall
2 years, 3 months ago

ASX dives again amid rate rise and recession fears, gold and oil stocks fall

ABC  

The Australian share market has tumbled more than 1 per cent amid another fall on Wall Street, as investors worry about another supersized interest rate rise in the US, and as the World Bank warned of a global recession. Key points: The Dow Jones index fell 0.6pc to 30,962, the S&P 500 lost 1.1pc to 3,901, and the Nasdaq Composite …

IMF downgrades 'gloomy' economy as inflation and rate jitters continue, but ASX trades up
2 years, 5 months ago

IMF downgrades 'gloomy' economy as inflation and rate jitters continue, but ASX trades up

ABC  

The global economy is in "gloomy and uncertain" territory as rate hikes and inflation hit nations including Australia, according to the International Monetary Fund. It comes as new figures are released in Australia that show price hikes here are continuing, with inflation now at 6.1 per cent annually. That may be because the market had already factored in the possibility …

Wall Street a mixed bag ahead of rate hike decision, as ASX ends up
2 years, 5 months ago

Wall Street a mixed bag ahead of rate hike decision, as ASX ends up

ABC  

Australian shares have risen on Tuesday, despite Wall Street wavering ahead of another likely rate hike later this week. Over the past five days, the ASX 200 has gained 2.4 per cent, but is down almost 9 per cent for the last year to date. ASX up as Wall Street jitters continue In the US, the S&P 500 gained a …

Oil prices sink on 'fear of recession', ASX struggles as Australian dollar hits two-year low
2 years, 6 months ago

Oil prices sink on 'fear of recession', ASX struggles as Australian dollar hits two-year low

ABC  

Renewed worries about a global recession have led to sharp falls in the Australian dollar, commodity prices, and global markets. Key points: The ASX 200 has fallen by 11pc since the year began US crude oil dropped below $US100 a barrel The euro sank to its lowest level in almost 20 years Oil prices were hit hardest, plunging by around …

ASX down nearly 4 per cent after Wall Street sell-off on inflation fears, S&P 500 falls into bear market
2 years, 6 months ago

ASX down nearly 4 per cent after Wall Street sell-off on inflation fears, S&P 500 falls into bear market

ABC  

The Australian share market has plunged on Tuesday, wiping tens of billions of dollars off the value of shares after global markets sank on worries that aggressive interest rate hikes by the US central bank could push North America into recession. Key points: Overnight the S&P 500 index lost 3.9 per cent, to 3,750, the Dow Jones index lost 2.8 …

Markets bounce back after 2-days of fall; Sensex jumps nearly 350 points in early trade
2 years, 8 months ago

Markets bounce back after 2-days of fall; Sensex jumps nearly 350 points in early trade

The Hindu  

Equity benchmark indices bounced back on Wednesday after two days of decline, with the Sensex jumping nearly 350 points in early trade, amid a largely positive Asian markets and supported by buying in index heavyweights Reliance Industries and Infosys. From the 30-share pack, Bajaj Finance, Tata Steel, Bharti Airtel, Larsen & Toubro, Hindustan Unilever Limited, Reliance Industries, M&M, Maruti Suzuki, …

Stock Market: Sensex Falls 581 Points, Nifty Settles at 17,110; Zomato Down 10 per cent, HCL Tech 4 per cent
2 years, 11 months ago

Stock Market: Sensex Falls 581 Points, Nifty Settles at 17,110; Zomato Down 10 per cent, HCL Tech 4 per cent

News 18  

The key benchmark indices Sensex and Nifty ended in the red zone in the highly volatile session on January 27 after Federal Reserve in its policy outcome indicated interest rates hike in the near future. In the broader market, shares of aviation companies came under selling pressure amid rising crude oil prices with InterGlobe Aviation, which runs IndiGo, down as …

ASX falls into correction mode after early gains, US Federal Reserve says rate hike likely in March
2 years, 11 months ago

ASX falls into correction mode after early gains, US Federal Reserve says rate hike likely in March

ABC  

The Australian share market fell into a correction on Thursday, after Wall Street dropped on confirmation that the Federal Reserve is likely to hike interest rates in March. Key points: The ASX has dropped 10.3 per cent from its August 13 peak It follows losses on Wall Street as early rate rises look likely from March The international oil benchmark, …

GMO's Jeremy Grantham warns 'super bubble' is bursting as Wall St, ASX fall again
2 years, 11 months ago

GMO's Jeremy Grantham warns 'super bubble' is bursting as Wall St, ASX fall again

ABC  

A prominent investor says US share markets, along with most other assets, are in a "super bubble" that in the process of bursting into a crash. BHP investors back de-listing from London The Australian share market falls 2.3 per cent It has been a rocky start to the year for the US share market, and Jeremy Grantham said the collapse …

FTSE 100 hit by Covid fears as £44bn wiped off in global selloff, Asian stocks trade lower while Sensex loses 400 points
3 years, 5 months ago

FTSE 100 hit by Covid fears as £44bn wiped off in global selloff, Asian stocks trade lower while Sensex loses 400 points

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The blue-chip index fell over a massive 164 points, …

ASX loses nearly $20 billion, Nasdaq wipes out gains for 2021 as US Federal Reserve chief fails to calm markets over inflation fears
3 years, 10 months ago

ASX loses nearly $20 billion, Nasdaq wipes out gains for 2021 as US Federal Reserve chief fails to calm markets over inflation fears

ABC  

The Australian share market has lost nearly $20 billion in one day after after the tech-heavy Nasdaq index wiped out its gains for this year as the US central bank chairman took no steps to calm the market volatility which has pushed up bond yields. Key points: The Nasdaq has tumbled nearly 10 per cent from last month's record high …

ASX gains as GDP rebounds, despite tech-led Wall St sell-off
3 years, 10 months ago

ASX gains as GDP rebounds, despite tech-led Wall St sell-off

ABC  

The Australian share market ended Wednesday on an upbeat note as GDP figures show that Australia's economy is recovering from the shock hit of COVID-19. Key points: ASX 200 gained 0.8 per cent on Wednesday Promising GDP figures follow other economic indicators showing gains this week The Nasdaq fell 1.7pc, the S&P 500 0.8pc and the Dow Jones 0.5pc The …

ASX drops to three-week low, as global markets fall on COVID-19 and US election worries
4 years, 2 months ago

ASX drops to three-week low, as global markets fall on COVID-19 and US election worries

ABC  

Australian shares have fallen sharply, after global markets tanked overnight on worries about surging COVID-19 infections worldwide and the possibility of a disputed US election result. Key points: Since January 1, the All Ords and ASX 200 have tumbled Myer's chairman stepped down four hours before the company's AGM Retail company Mosaic Brands will shut down another 250 stores Seek …

Gold soars to record high as dollar drops
4 years, 5 months ago

Gold soars to record high as dollar drops

Deccan Chronicle  

SYDNEY: Gold hurtled to record peaks on Tuesday before the sheer scale of its gains drew a burst of profit taking, which lifted the dollar from two-year lows and curbed early equity gains. “The chairman is likely to continue the process of prepping markets for changes when he speaks at his press conference.” One shift could be to average inflation …

Asia's stock rally pause ahead of US jobs data, euro at one-and-a-half month top
4 years, 7 months ago

Asia's stock rally pause ahead of US jobs data, euro at one-and-a-half month top

Deccan Chronicle  

SYDNEY: Asian stocks were poised for their biggest weekly rise in over eight years while the euro hovered near a 1-1/2 month high as Europe’s central bank surprised with more stimulus, fuelling hopes for a global rebound. The equities rally prompted investors to take winnings ahead of Friday’s nonfarm payrolls data, which is expected to show further deterioration in the …

Australian share market rises, dollar comes off five-month high
4 years, 7 months ago

Australian share market rises, dollar comes off five-month high

ABC  

The Australian share market rose this session but ended off its early highs, after a strong session on Wall Street. Key points: The major US share indices gained between 0.8 and 2.05pc last night The Nasdaq is now just 1.4pc from its record high set in February, the S&P 500 still 7.8pc off The Australian dollar has eased back from …

Australian dollar retreats to 69.3 US cents, as ASX shrugs off recession fears
4 years, 7 months ago

Australian dollar retreats to 69.3 US cents, as ASX shrugs off recession fears

ABC  

The Australian dollar has had a temperamental day after the impact of summer bushfires and COVID-19 on the economy was revealed. Key points: The Australian dollar jumped as high as 69.83 US cents, its highest value since January 3 The ASX 200 is about 23 per cent away from hitting its February record high Australia's economy contracted by 0.3pc in …

ASX falls as US oil price collapses, Dow Jones loses 592 points
4 years, 8 months ago

ASX falls as US oil price collapses, Dow Jones loses 592 points

ABC  

The Australian share market has closed lower, with steady losses through the session worsening after some bleak economic forecasts from Reserve Bank governor Philip Lowe. Key points: The ASX 200 closed 2.5 per cent lower at 5,221 points, with losses across all sectors of the market The Australian dollar fell to 63.2 US cents WTI crude futures plunged to a …

ASX closes lower as consumer sentiment plunges to 30-year low
4 years, 8 months ago

ASX closes lower as consumer sentiment plunges to 30-year low

ABC  

The Australian share market has closed lower after another volatile day, despite overnight enthusiasm on US markets prompted by a view the Government may soon ease coronavirus lockdown measures. Oil remains the weakest link Oil and gas stocks were the biggest drag on the market after an overnight slump in crude prices, with the Australian energy sector closing 3.1 per …

ASX 200 posts biggest fall on record, Reserve Bank flags further measures amid coronavirus fears
4 years, 9 months ago

ASX 200 posts biggest fall on record, Reserve Bank flags further measures amid coronavirus fears

ABC  

The ASX 200 has posted its biggest daily percentage fall on record, after coronavirus fears fuelled a steep sell-off that accelerated into the close. ASX at Monday's close: The All Ordinaries index has lost 9.5 per cent to 5,058 points The RBA has flagged further policy measures, says it "stands ready to purchase Australian government bonds" The corporate regulator has …

Coronavirus : Australian stocks could drop 50% from peak in worst case, says report
4 years, 9 months ago

Coronavirus : Australian stocks could drop 50% from peak in worst case, says report

Live Mint  

Distress over the coronavirus and an oil price war might see Australia’s benchmark stock index plunge 50% from its record by the end of 2020, according to IG Markets. Australian shares crashed into a bear market Wednesday, just 14 trading days after hitting a record, as a slump in crude following the demand shock from coronavirus was compounded by an …

Dow Jones plunges 10pc, Australian dollar hits 17-year low amid economic fallout from coronavirus
4 years, 9 months ago

Dow Jones plunges 10pc, Australian dollar hits 17-year low amid economic fallout from coronavirus

ABC  

Global markets have tumbled again as panicked investors continue to struggle with the economic fallout of the coronavirus pandemic and US President Donald Trump's ban on European travellers. Key points: Wall Street suffered its worst day in 30 years, while Europe has its worst session ever The Dow Jones, S&P 500 and Nasdaq have fallen into bear market territory It …

ASX crashes below 6,000 with almost $140b wiped off in worst day since global financial crisis
4 years, 10 months ago

ASX crashes below 6,000 with almost $140b wiped off in worst day since global financial crisis

ABC  

The Australian share market has lost almost $140 billion in Monday's trade, amid the economic fallout from the coronavirus and an oil price war. Key points: Analysts have said this has been the worst trading day in Australia since November 2008 The Australian dollar briefly dipped to 63 US cents — its lowest point since the GFC Oil stocks have …

ASX extends its seven-session losing streak, but losses moderate in afternoon trade
4 years, 10 months ago

ASX extends its seven-session losing streak, but losses moderate in afternoon trade

ABC  

The Australian share market has extended its losing streak to a seventh straight session, but closed well off the lows of the day, ahead of a widely anticipated interest rate cut tomorrow. ASX at Monday's close: The ASX 200 ended down 0.8 per cent to 6,391 points, well off its lows Markets now consider a 25-basis-point cut by the Reserve …

ASX carried away in global coronavirus share rout after Dow plunges 1,100 points
4 years, 10 months ago

ASX carried away in global coronavirus share rout after Dow plunges 1,100 points

ABC  

Australia's share market has joined Wall Street in a correction, falling more than 10 per cent since their recent record highs, while the Australian dollar plumbed a fresh 11-year low. Key points: The benchmark Australian ASX 200 share index closed down 3.25 per cent ASX has had a 10 per cent "correction" in the space of just a week — …

Australian dollar slumps to 11-year low on weak jobs data; ASX slips
4 years, 10 months ago

Australian dollar slumps to 11-year low on weak jobs data; ASX slips

ABC  

The Australian dollar has plunged to an 11-year low — its worst level since the global financial crisis — following an unexpected jump in unemployment. Key points: The Australian dollar has fallen more than 1pc over the past day and is at its weakest level since the peak of the global financial crisis passed in early 2009 Analysts say the …

Australian shares dip on coronavirus fears, despite fresh Wall St records
4 years, 11 months ago

Australian shares dip on coronavirus fears, despite fresh Wall St records

ABC  

China's plans to cut tariffs on some US imports have failed to boost the local share market, despite fresh record highs on Wall Street overnight. Market snapshot at 12:30pm : ASX SPI futures — 0.5pc at 6,947, ASX 200 +1.1 pc at 7,049 AUD: 67.1 US cents, 51.9 British pence, 61.1 Euro cents, 73.8 Japanese yen, $NZ1.041 US: Dow Jones …

Australian dollar sinks to four-month low; Wall Street volatile amid coronavirus fears
4 years, 11 months ago

Australian dollar sinks to four-month low; Wall Street volatile amid coronavirus fears

ABC  

Australian shares are trading higher as investors shrugged off the coronavirus' potential economic impact — despite the World Health Organisation declaring the outbreak a global health emergency. Market snapshot at 8:05am : ASX SPI futures +0.5pc at 6,976, ASX 200 -0.3pc at 7,008 AUD: 67.2 US cents, 51.32 British pence, 60.9 Euro cents, 73.2 Japanese yen, $NZ1.035 US: Dow Jones …

ASX bounces back from coronavirus sell-off, but Treasury Wine walloped
4 years, 11 months ago

ASX bounces back from coronavirus sell-off, but Treasury Wine walloped

ABC  

Australian shares are recovering some of Tuesday's heavy losses as overseas investors took a slightly less pessimistic view of China's coronavirus outbreak and its economic fallout. Key points: ASX 200 index is up 0.6 per cent at 7,038 The gains are less than half of yesterday's 1.4 per cent slide Wall Street's benchmark S&P 500 index had a stronger 1 …

Australian shares, US futures rebound after Iran says it doesn't want war
5 years ago

Australian shares, US futures rebound after Iran says it doesn't want war

ABC  

The Australian share market has closed lower, but pulled back from steeper earlier losses, after Iran's foreign minister said its strikes against US forces in Iraq "concluded proportionate measures in self-defence" following the US killing of an Iranian general. Key points: US officials have confirmed rockets have been fired at the Al-Asad and Erbil airbases in Iraq, which host US …

ASX tumbles $60 billion on US recession, China slowdown fears
5 years, 4 months ago

ASX tumbles $60 billion on US recession, China slowdown fears

ABC  

The Australian share market lost $60 billion in value, completing the wipeout of all the gains it made over the past two months. Key points: The benchmark ASX 200 index closed 2.9 per cent lower at 6,408 Market sell-off was triggered by "inverted" bond yields America's short-term bonds are paying higher interest rates than long-term bonds The benchmark ASX 200 …

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