The ASX is poised to break a two-day losing streak as investor sentiment improves on the back of renewed China-US trade dialogue and fresh stimulus measures from Beijing. The S&P/ASX 200 rose 0.3% to 8178.6 near 2pm, with eight of eleven sectors trading higher. The All Ordinaries also advanced 0.3%.
Stocks drifted lower overnight as investors mulled the lack of updates on U.S.-China trade progress and awaited the Federal Reserve rate decision due tomorrow morning.
JTrader Daily: Best set ups for Wednesday 7th May 2025!
ALD, CAY, NXT, TAH, TTT
Australian shares fluctuated on Tuesday as investors digested a flurry of updates from Macquarie’s annual investment conference and ongoing weakness in the banking sector. The S&P/ASX 200 rose 0.1% to 8163.1 points by mid-afternoon, supported by gains in mining and consumer discretionary stocks.
Stocks snapped a nine-day winning streak, driven by a fall in energy and caution as traders awaited an update on trade deals as US ports empty and investors await the Fed decision due later this week.
After a chaotic April, what next for markets?
The ASX snapped a seven-day winning streak as weak earnings from Westpac and a sharp decline in oil prices weighed on financial and energy stocks. The S&P/ASX 200 fell 0.7% to 8181.4, on track for its largest one-day drop since April 11, with eight of 11 sectors trading lower.
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JTrader Daily: Best set ups for Monday 5th May 2025!
CU6, NEC, NEU, S32, SMR
Stocks closed higher for a ninth-straight day Friday, notching its longest winning streak in more than 20 years as a strong jobs growth as well as on hopes of a lessening of tensions between China and the U.S. over trade.
