australian market wrap

Market Summary Local market ran into a brick wall after global market sentiment flopped on the last day of the financial year. Commodities had another good...

Local market had another cracker day on the back of better commodities and higher rates outlook. Commodities had another good night with Iron Ore leading the...

Local market started positive and maintained the pace with better commodities and higher rates outlook. US market remains the overhang and NASDAQ falls to the 50 day...

Local market fell on the open before recovering to finish flat. Resources and Financials help to hold the market from profit taking in the big industrial sectors. The...

Local market opened positive on better commodities and currency before pulling back to finish flat. Commodities drove market higher while banks gave up initial...

Local market had a relief bounce with very little sentiment. Commodities were holding while currency pulled back. We saw a lot of short covering driving up...

Local market had a relief rally after recent bashing. Sentiment remains volatile…time to stay on the sidelines and wait for some of the optimism to unravel and pick up...

Local market ran into a brick wall with weak global sentiment, bond yields and currency. Time to stay on the sidelines and wait for some of the optimism to unravel and...

Local market finished negative with Asian markets as the bank ratings downgrade hit home despite positive US markets. The best performing sectors were Retail,...

Local market finished positive on the back of firmer commodities and AUDUSD. Banks ran on the currency and Miners recovered on the commodities. The best performing...

Local market finished slightly positive to end the week despite weaker commodities and flat AUDUSD. Market still digesting the US Fed outlook….US leading the sentiment...

Local market was once again at the mercy of global investor currency trade…but this time on the negative side. Market was punting on USD weakness to drive AUD...

Local market was once again up on global investor currency trade. Weaker USD is bad for Japanese Manufacturers and good for Aussie Banks. Even miners recovered on...

Local market bounced hard as global investors jumped on our banks on the currency bet going into US Fed meeting. The market is worried that US Fiscal delays and patchy...

Local market recovered from the fall at the open on the back of Chinese CPI data showing prices coming off. The market started to see the potential of the Chinese...

Local market opened lower before bouncing on GDP data matching expectations. There was big scare being set up that we may be heading into negative quarter, but it was...

Local market ran into another beating today and it looks very much like a global portfolio was in play all day. Everyone shared the pain with all sectors in the red...

Local market was smacked down on the open and then stayed down with US growth and geopolitical risks. The morning trade looked like a global transition portfolio that...

Local market ran up on strong US data at the open then traded sideways for the second half of the day. Market flipped on recent trading trends and bought into both...

Local market flip-flopped to finish as a positive day despite weaker China data. Tax loss selling in June will add to the seasonal weakness while better than expected...