Stocks gained solidly on Monday, despite volatile trading, as Iran released a “very weak” response to the U.S. strikes on three Iranian nuclear sites over the weekend. Additionally, dovish interest rate commentary from Federal Reserve Governor Michelle Bowman contributed to the bid in stocks.
The ASX fell to a 20-day low on Monday as geopolitical tensions rattled markets following U.S. strikes on Iranian nuclear facilities. The S&P/ASX 200 Index dropped 36.5 points, or 0.4%, to 8469 by 2pm AEST, with nine of 11 sectors in decline. Technology, healthcare, and industrials led losses, while energy stocks gained on surging oil prices.
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In the last 48 hours, the US, in close coordination with Israel, conducted unprecedented airstrikes on Iranian nuclear sites, escalating the regional conflict. Both sides are bracing for further retaliation, with international actors urging restraint and diplomacy amid heightened military readiness and legal debate in Washington
Stocks closed lower Friday, as weakness in chip stocks offset remarks from a top Federal Reserve official calling for rate cuts as soon as the Fed’s next meeting
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.
ASX Dips as Banks Weigh; Betr Tables Bid for PointsBet
The ASX edged lower on Friday afternoon, with the S&P/ASX 200 slipping 16 points, or 0.2%, to 8507.7 by 2pm AEST. Losses in the big four banks outweighed modest gains in healthcare, with six of 11 sectors trading in the green.
Global stock markets declined and the U.S. dollar strengthened as investors sought safe havens amid growing concerns about possible U.S. involvement in the Israel-Iran conflict
The ASX 200 hovered around the flat line on Thursday, down just one point to 8530.2 by 2pm AEST, as investors weighed weaker-than-expected jobs data, falling iron ore prices, and geopolitical risks.
Australian employment unexpectedly declined by 2500 jobs in May, well below consensus expectations for a 22,500 gain. Markets showed little immediate reaction.
Stocks gave up early gains to close lower overnight, after Federal Reserve left interest rates unchanged, but signaled a slower pace of rate cuts ahead as uncertainty about the impact of President Donald Trump’s polices including tariffs continue to muddy the outlook on the economy
The ASX 200 fluctuated on Wednesday, inching up just one point to 8542.3 by 2pm AEST, as a sharp sell-off in materials offset gains in other sectors. Investors remained cautious amid escalating tensions in the Middle East, with oil prices surging to five-month highs after Donald Trump demanded Iran’s “unconditional surrender,” stoking fears of broader US involvement.
