The Australian sharemarket rose on Monday, with the S&P/ASX 200 up 60.7 points, or 0.7%, to 8574.9 by 2:10pm AEST. The rally followed gains on Wall Street, where the S&P 500 closed at a record high amid optimism around US trade talks.
Stocks closed at record highs, as investors danced past the wall of worry, rebounding from an abrupt intraday drop after President Trump ended trade talks with Canada, reigniting fears of a trade war.
Revenue is vanity. Profit can be misleading. Free cash flow doesn’t lie.
In this episode of Bulls vs Bears, JT & Mark discuss the usual market insights, stock analysis, and investment strategies. They delve into the dynamics of the mining sector, the impact of geopolitical events on oil prices, and the current state of tech stocks, particularly Tesla.
The S&P/ASX 200 fell 0.08% to 8543.8 by early afternoon Friday, paring early gains as strength in iron ore and lithium stocks was outweighed by losses in financials and consumer staples. Seven of 11 sectors declined.
The ASX dipped slightly on Thursday, with the S&P/ASX 200 down 5 points, or 0.1%, to 8554.2 by 2pm AEST, as weakness in technology stocks offset gains elsewhere.
The S&P/ASX 200 Index was little changed on Wednesday, down just 1 point to 8554.2 by 2pm AEST, as weakness in mining and energy stocks offset gains in banks and tech. Investor sentiment remained cautious amid geopolitical uncertainty surrounding the Israel-Iran ceasefire.
Xero has announced it has entered into a binding agreement to acquire 100 per cent of US company Melio, with $3.9 billion in cash and scrip in upfront consideration.
The stock market continued to defy logic, rallying a further 1% overnight, underpinned by de-escalating Middle East tensions amid an Iran-Israel ceasefire and remarks by Federal Reserve chairman Jerome that kept the door open to rate cuts.
ASX Rallies on Ceasefire Hopes; Greatland Gold and Virgin Australia Shine on Debut
The ASX surged on Tuesday as easing geopolitical tensions and strong IPO performances boosted investor confidence. The S&P/ASX 200 rose 1% to 8556.2 by 2pm AEST, with nine of 11 sectors in the green. A tentative ceasefire between Iran and Israel, announced by former US President Donald Trump, helped spark a broad-based rally.
The road ahead for the Trump administration is packed with even bigger, more consequential choices
Findi Limited (ASX: FND) is well positioned for significant share price appreciation, underpinned by two major catalysts: the upcoming IPO of its Indian subsidiary on the Bombay Stock Exchange and the company’s strong FY25 results.
