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.
JTrader Daily: Best set ups for Monday 5th May 2025!
CU6, NEC, NEU, S32, SMR
The Australian sharemarket is poised to close at a two-month high, buoyed by hopes of easing trade tensions after China signaled openness to negotiations with the United States. The S&P/ASX 200 climbed 0.9% or 73.5 points to 8219 near 2pm, marking its seventh straight session of gains, with the All Ordinaries also up 0.9%. Ten of the 11 sectors traded higher, led by energy stocks, as crude oil prices rebounded following a three-day decline.
JTrader Daily: Best set ups for Thursday 1st May 2025!
AQD, DVP, FND, OCC, TYR
The Australian sharemarket extended gains on Wednesday, tracking Wall Street’s positive momentum despite weaker US economic data. The S&P/ASX 200 rose 0.3 per cent, or 23.2 points, to 8093.8 by 2pm, its highest in two months. The All Ordinaries also advanced 0.3 per cent, supported by strength in real estate and financials.
The Australian sharemarket advanced to a two-month high on Tuesday, buoyed by easing US tariffs and optimism over a cooling inflation outlook. The S&P/ASX 200 Index rose 0.9 per cent, or 72.8 points, to 8069.9 near 2pm, while the All Ordinaries lifted 1 per cent. All 11 sectors traded higher, led by energy stocks.
The U.S. economy is speeding toward a supply chain crisis — and most people haven’t noticed.
Back on April 10th, trade from China to the U.S. largely shut down. Shipping times mean the real pain doesn’t hit immediately:
30 days to Los Angeles
45 days to Houston and Chicago
55 days to New York
That means the real economic fallout starts mid-May and intensifies through June.
Right now, everything looks normal. Store shelves are stocked. Retailers are still shipping goods. But that’s because companies frontloaded inventory earlier this year, fearing tariffs. Most big retailers carry 60–90 days of inventory. That cushion is about to vanish.
The Australian sharemarket advanced on Monday, buoyed by positive momentum from Wall Street and easing concerns over global trade tensions. The S&P/ASX 200 rose 0.7 per cent, or 56.1 points, to 8024.3 by 2pm AEST, while the All Ordinaries gained 0.7 per cent. Technology led gains, with 10 of 11 sectors trading higher.
JTrader Daily: Best set ups for Monday 28th April 2025!
BOE, BKW, IMB, RMD, RZI
The Australian sharemarket edged higher on Thursday, buoyed by easing global trade tensions and a strong lead from Wall Street. The S&P/ASX 200 Index rose 0.6% or 51 points to 7971.5 by 2pm AEST, with the All Ordinaries up 0.7%. Gains were broad-based, with eight of 11 sectors in the green, led by mining and banking stocks.
JTrader Daily: Best set ups for Thursday 24th April 2025!
A4N, CU6, GQG, NXG, WES
Australian equities rallied on Wednesday, tracking a strong rebound on Wall Street after US President Donald Trump signaled a potential rollback of tariffs on China from the current 145 per cent. The S&P/ASX 200 jumped 1.3% to 7920.9 by 2pm, while the All Ordinaries gained 1.4%. Energy led gains across all 11 sectors, as iron ore and crude prices climbed on easing trade tensions.
