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Business

Markets Live

Markets Live: RBA spoils the party

No signs of crisis despite sharp market falls: AFR (Thumbnail)

Patrick Commins, Jens Meyer 4:53pm The sharemarket performed a rapid u-turn, reversing gains after the RBA held rates steady at 2.25 per cent, while the Aussie dollar was bid higher.

Comments 274

Markets Live: ASX hits 7-year high

Patrick Commins, Jens Meyer The local market pushed hard towards 6000 points today, scaling new post-GFC highs on the way, but ultimately fell short of the threshold as traders prefer to wait for the RBA's rates decision tomorrow, while Myer plunged after its CEO and CFO resigned.

Comments 193

Markets Live: WOW, what a plunge

Patrick Commns, Jens Meyer Shares have managed to overcome a saveget fall in Woolies shares thanks to a late rally led by CBA, Telstra and CSL, after the supermarket owner shocked with an earnings downgrade.

Comments 235

Markets Live: Profit taking sends ASX back to 5900

Patrick Commins, Jens Meyer Shares end the day lower despite some well received earnings as a broad-based sell-off ends a three-day winning streak, while the dollar dives on weak business investment data.

Comments 241

Markets Live: ASX inches closer to 6000

Patrick Commins, Jens Meyer Aussie shares close higher as strong gains in BHP and QBE offset losses in Telstra and Woodside, which are both trading ex-dividend, while the dollar bounces to its highest in four weeks.

Comments 167

Markets Live: BHP does the heavy lifting

Patrick Commins, Jens Meyer The sharemarket roller-coaster ended with some gains, driven by a rally in BHP, after the miner's results get the thumbs up from investors, while QBE surged higher.

Comments 107

Markets Live: Banks lead charge above 5900

Patrick Commins, Jens Meyer Strength in the banks helped overcome an early stumble on poor results from the likes of UGL and BlueScope, while investors softened on Brambles' profits.

Comments 155

Markets Live: Rally takes a break

Patrick Commins, Jens Meyer Shares are lower, putting the ASX on track for a flat end of a week dominated by earnings, with Medibank and Santos disappointing today, while Telstra surprised with the exit of its CEO.

Comments 125

Markets Live: Profits prove fickle

Patrick Commins, Jens Meyer Shares close lower on another hectic day of earnings reports, as investors cheer profit results from AMP and Crown but jeer Wesfarmers' and iiNet's.

Comments 140

Markets Live: ASX shoots through 5900

Patrick Commin, Jens Meyer A subdued morning on mixed profit results gave way to a powerful afternoon rally boosted by a massive spike in takeover target Toll and supported by the big banks and miners.

Comments 255

Markets Live: ANZ punished, Seek slammed

Patrick Commins Shares fall as investors sell ANZ and Seek on their earnings and CBA trades ex-dividend, while Coca-Cola's profits are well received as is Macquarie's trading update.

Comments 172

Markets Live: Banks lead comeback

Patrick Commins, Jens Meyer Shares close up after banks recovered from early losses, adding to gains in miners, while investors were unimpressed with earnings from Bendigo & Adelaide Bank and G8 Education.

Comments 201

Markets Live: Bulls back in charge

Patrick Commins, Jens Meyer Shares rallied powerfully to new multi-year highs, with Rio leading the charge, supported by strong gains by BHP, the big banks and Telstra, while the dollar gets a boost from the RBA governor's testimony.

Comments 234

Markets Live: Investors take a breather

Patrick Commins, Jens Meyer Shares drop for a fourth session as investors digested another big day of earnings, while not even the increased chance of a March rate cut was enough to trigger another rally.

Comments 230

Markets Live: ASX turns red on CSL

Patrick Commins, Jens Meyer Shares reverse an initial bounce to end lower, with CSL and CBA weighing heaviest on the index, while Domino’s soars, as investors digest the first big day of earnings season.

Comments 225

Markets Live: Banks fall as mood sours

Patrick Commins, Jens Meyer Banks lead the market to another loss as investors worry about an escalation of Greece’s debt standoff, while Bradken collapses on disappointing earnings, and the dollar jumps on weak Chinese inflation.

Comments 247

Markets Live: Banks take a breather

Patrick Commins, Jens Meyer A last minute jump wasn't enough to save the ASX 200's record run of gains, as worrying Chinese trade data hurt the miners and after two of the big four banks retreated.

Comments 253

Markets Live: Westpac leads the charge

Patrick Commins, Jens Meyer The ASX’s charmed run extends to a record-breaking 12th day, despite some of the bank running out of fuel after the RBA’s statement suggested less chance of a March rate cut, while the dollar jumps.

Comments 287

Markets Live: Big three banks hit record highs

Patrick Commins, Jens Meyer After an initial stumble, shares recorded their 11th straight gain thanks once again to surging bank share prices and in particular CBA, which jumped 2.7 per cent.

Comments 261

Markets Live: RBA fuels $145b rally

Patrick Commins, Jens Meyer Shares have closed up for a tenth straight day, a spectacular rally that has added about $145 billion to the market's value, as investors remain intoxicated by the prospect of even lower rates, with banks and miners leading today's rise.

Comments 278

Markets Live: ASX at 7-yr high

Patrick Commins, Jens Meyer The RBA’s decision to cut the cash rate has sparked some fireworks on the local share market, driving the ASX200 to its highest in nearly seven years, while the dollar plunges below 77 US cents.

Comments 317

Markets Live: ASX rallies for eighth day

Patrick Commins, Jens Meyer Shares continue to climb as investors factor in an RBA rate cut, with miners and energy stocks leading gains, but banks also in support, while Kathmandu crashes on an earnings update and JB Hi-Fi's profits dip.

Comments 241

Markets Live: Rate-cut fever rises

The 2011-12 market turned from bull to bear then part of the way back again.

Patrick Commins, Jens Meyer Shares enjoy a seventh straight day of gains on rising bets the RBA would cut rates next week, while gold miners fall and the Aussie dollar languished below 78 US cents.

Comments 187

Markets Live: CBA eyeing $90

No signs of crisis despite sharp market falls: AFR (Thumbnail)

Patrick Commins, Jens Meyer Shares have recovered from early losses, once again led higher by the big banks with Fortescue surging on an upbeat production update.

Comments 111

Markets Live: Banks, Telstra save day

The 2011-12 market turned from bull to bear then part of the way back again.

Patrick Commins, Jens Meyer The local sharemarket fought its way back into the black, racking up a fifth day of gains, as banks extend their recent rally, while the Aussie jumps on higher than expected core inflation.

Comments 205

Markets Live: CBA at record high

Patrick Commins, Jens Meyer Shares enjoy a strong gain for the day after bluechips such as CBA, Telstra and Woolworths overwhelm sharp losses among miners and energy stocks.

Comments 245

Markets Live: ASX through 5500

No signs of crisis despite sharp market falls: AFR (Thumbnail)

Patrick Commins Shares rallied hard in the wake of the bigger than expected monetary stimulus in Europe, with the ASX 200 closing above 5500, while the local dollar sunk below 80 US cents.

Comments 187

Markets Live: Back in black

The 2011-12 market turned from bull to bear then part of the way back again.

Patrick Commins, Jens Meyer Shares are back in positive territory for the year after the big banks and commodity stocks rallied for a second day ahead of tonight's big announcement on European monetary stimulus.

Comments 206

Markets Live: Best day of 2015

Patrick Commins, Jens Meyer Shares have recorded their strongest gain for the year after banks and miners rallied on a bullish investor sentiment as hopes build of further monetary easing in Europe.

Comments 247

Markets Live: China growth buoys ASX

Patrick Commins, Jens Meyer Better than expected Chinese economic data pulled local shares out of an early afternoon hole, but weakness in miners and energy stocks offset gains among the banks.

Comments 201

Markets Live: China weighs on shares

Patrick Commins, Jens Meyer Shares managed moderate gains after weakness among the banks, Telstra and supermarket owners reversed a strong rally among miners and energy stocks and as a plunge in Chinese shares spooked investors.

Comments 153

Markets Live: ASX drops below 5300

Patrick Commins, Jens Meyer Shares have capped five straight days of losses and suffered their worst weekly fall in 18 months, driven by a slump in banks and miners, and after moves in the Swiss franc shocked investors.

Comments 229

Markets Live: Miners drag again

Patrick Commins, Jens Meyer Shares have suffered their fourth consecutive session of losses, with miners and the big banks driving losses, and despite upbeat jobs figures.

Comments 268

Markets Live: Copper crash sours mood

No signs of crisis despite sharp market falls: AFR (Thumbnail)

Patrick Commins, Jens Meyer A brief, Telstra-inspired rally, supported by a bounce in energy stocks, was overwhelmed by intensifying losses among miners as copper joined the commodities rout.

Comments 185

Markets Live: China trade buoys ASX

The 2011-12 market turned from bull to bear then part of the way back again.

Patrick Commins, Jens Meyer After slumping oil and iron ore prices inflicted more pain in early trade, shares rallied on strong Chinese trade data but not by enough to offset the drag from miners and energy stocks.

Comments 204

Markets Live: Oil rout intensifies

Patrick Commins, Jens Meyer Shares ended the day lower after miners slumped, banks eased and a further fall in the oil price put more pressure on energy stocks, while the Aussie dollar pushed higher.

Comments 102

Markets Live: Rally picks up speed

JENS MEYER The local sharemarket is trading strongly higher, with all sectors posting gain following another rally on Wall Street on the back of positive US economic data and as oil prices remained stable.

Comments 201

Markets Live: ASX rebound hits ceiling

JENS MEYER The local market has bounced back from a two-day selloff but isn't able to push above 5400 points, with the big banks and miners leading gains, while energy stocks are taking another hit.

Comments 177

Markets Live: Bargain hunters step in

JENS MEYER The sharemarket has closed lower, as an afternoon comeback petered out, with energy stocks leading losses as the oil price slide continues.

Comments 177

Markets Live: Buckle up as shares plunge

JENS MEYER The sharemarket has closed sharply lower, losing around $23 billion in value as local investors hit the 'sell' button following another steep drop in the oil price.

Comments 170

Markets Live: Shares find some energy

JENS MEYER Shares end higher, led up by strong gains in the energy sector, which defied another drop in the oil price, while the Aussie slipped below US81c.

Comments 87

Markets Live: Rally takes a breather

JENS MEYER The sharemarket has closed sharply lower, snapping a four-day winning streak as commodity prices fell and investors took profits.

Comments 158

Markets Live: CBA leaps to record high

JENS MEYER The sharemarket has extended its Santa rally for a third session, taking its gains since Thursday to 5.4 per cent which has added more than $80 billion to the market's value.

Comments 207

Markets Live: Stocks in Santa rally

Patrick Commins, Jens Meyer Shares fire on all cylinders, adding more than $US30 billion to the market's value as local investors join in on a global US Fed-led rally, with resources leading the way and banks also up strongly.

Comments 221

Markets Live: Rally loses some drive

Patrick Commins, Jens Meyer Local stocks enjoy a second day of gains, as global investors cheer the US Federal Reserve's 'patient' stance on interest rate rises and oil gained.

Comments 184

Markets Live: $A in sudden plunge

Patrick Commins, Jens Meyer The Australian dollar dropped more than half a cent in short order to crash below 82 US cents, while a rally in energy stocks and miners have helped the ASX 200 snap - just - a six-day losing streak.

Comments 249

Markets Live: Resources tank on oil slide

Patrick Commins, Jens Meyer The ASX 200 has dropped below its October low as the rout in energy stocks looks to have broadened into a wider resources sector sell-off.

Comments 255

Markets Live: Relief rally as oil gains

Patrick Commins, Jens Meyer Shares close down but well off their early lows after strong oil prices drive a relief rally in energy stocks and amid some bargain hunting in the mining sector, while the Aussie threatened to break below 82 US cents.

Comments 241

Markets Live: Miners dig market hole

No signs of crisis despite sharp market falls: AFR (Thumbnail)

Patrick Commins An unexpected rally from energy stocks wasn't enough in the end as shares slumped to a third day of losses, with miners and banks weighing on a topsy-turvy market.

Comments 230

Markets Live: Telstra leads comeback

Patrick Commins, Jens Meyer Shares have halved early losses as better than expected local jobs data lifts spirits, and the dollar, but the overnight tumble in oil prices is still weighing heavily on the energy sector.

Comments 238

Markets Live: CBA best of Big 4

Patrick Commins, Jens Meyer Shares close lower despite an afternoon recovery, with a rallying CBA tempering losses among the other banks, while miners forged higher.

Comments 236

Markets Live: BHP at 5-yr lows

The 2011-12 market turned from bull to bear then part of the way back again.

Patrick Commins, Jens Meyer Local stocks sink, led down by a rout in the energy sector as BHP plunges below $29 and Santos crashes, while the dollar dives again as NAB joins the rate-cut camp.

Comments 195

Markets Live: Murray no worry to banks

No signs of crisis despite sharp market falls: AFR (Thumbnail)

Patrick Commins, Jens Meyer Shares close higher after investors responded to the Murray report by driving bank stocks higher, while Qantas surges on an earnings update and Coke announces job losses.

Comments 204

Markets Live: Mood sours on ASX

Patrick Commins, Jens Meyer Shares manage to eke out a gain for the week but end it on a sour note, as energy stocks fell again, joined by the big banks and miner.

Comments 267

Markets Live: Banks back in favour

Patrick Commins, Jens Meyer Shares rise for a third day amid strong gains in the big banks, but the energy sector is being beaten up again, led down by Santos, while the dollar gets a welcome boost from retail sales data.

Comments 303

Markets Live: Shares bounce through GDP gloom

Patrick Commins, Jens Meyer The Aussie dropped below 84 US cents to a fresh four-year low after GDP figures came in surprisingly weak, but that hasn't been enough to derail a strong market rally.

Comments 203

Markets Live: Bargain hunters jump in

Patrick Commins, Jens Meyer Shares enjoy their best day since July as investors snap up oversold energy stocks and banks gains, while the RBA surprises no-one by holding rates steady.

Comments 214

Markets Live: Oil crash hits shares hard

Patrick Commins, Jens Meyer The sharemarket has closed sharply lower, losing about $30 billion in value, or $53 billion over the past two sessions, after energy stocks nosedived again on the back of the continuing slide in the oil price.

Comments 315

Markets Live: Oil plunge fuels ASX losses

Patrick Commins, Jens Meyer Shares ended the week on a sour note with energy stocks suffering dramatic falls after OPEC failed to prop up the plunging oil price, while banks also declined.

Comments 200

Markets Live: Oil stocks slide

Patrick Commins, Jens Meyer Shares close marginally higher as falls in energy stocks ahead of tonight's Opec meeting and miners are offset by gains in banks and Woolies, which jumped following its AGM.

Comments 197

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