The ASX edged lower on Friday despite positive cues from Wall Street, where Alphabet’s earnings lift supported tech stocks. As of 2:05pm AEST, the S&P/ASX 200 Index was down 33.7 points, or 0.4%, to 8675.7, with six of 11 sectors trading higher.
The Trade Desk is a leading technology company specializing in digital advertising. Their cloud-based, self-service platform lets advertisers and agencies plan and run data-driven campaigns across channels like video, audio, display, connected TV, and more.
The Australian sharemarket turned lower on Wednesday as investors took profits following a strong prior session and awaited developments on a potential EU-US trade agreement. The S&P/ASX 200 slipped 0.3% to 8,710.8 by 2pm AEST, with losses across seven of the 11 sectors, led by financials.
The S&P/ASX 200 climbed 0.7% to 8741.80 on Wednesday afternoon, supported by gains in banks and miners. Nine of the 11 sectors traded higher, with materials leading the advance following a 2.2% rise in Singapore iron ore futures to US$105.65/t—driven by Chinese steel sector reforms and infrastructure investment.
Rox Resources is an Australian gold company focused on bringing its high-grade Youanmi Gold Project into production. Located in Western Australia—one of the world’s top gold mining regions—Rox is on track to become a near-term gold producer, with a strong resource base and robust financial outlook.
The Australian sharemarket gave up early gains to trade flat by mid-afternoon, weighed down by weakness in major banks following the release of the RBA’s July meeting minutes. At 1:55pm AEST, the S&P/ASX 200 was down 3.2 points to 8665.00, having earlier reached 8714.60.
Tetratherix is an Australian biotech company with a simple but powerful mission: help the body heal itself. The company has developed an advanced gel technology called Tetramatrix which has been called Medical Lego
The Australian sharemarket is facing its steepest one-day fall since April, with the S&P/ASX 200 down 1.2% to 8656.40 by 2:05pm AEST. Financials led the decline, falling 2.2% as investors booked profits from last week’s gains. Major banks were hit hard, with Westpac down 3.4%, Commonwealth Bank 2.9%, ANZ 2.7%, and NAB 2.6%.
The Australian sharemarket is on track for its strongest daily gain since April, as investors return to equities despite stretched valuations. The S&P/ASX 200 advanced 1.5% or 128.7 points to 8767.7 by 2:23pm AEST, eyeing its best session since April 10. The index is up more than 2% this week, nearing its strongest weekly performance since early May.
Alibaba Group Holding Limited (NYSE:BABA), through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People’s Republic of China and internationally.
The Australian sharemarket is poised to recover from Wednesday’s sharp decline, following a surprise uptick in the national unemployment rate to 4.3% in June. The softer labour data has strengthened expectations of a 25 basis point rate cut at the Reserve Bank’s next meeting on August 12, with market pricing lifting the probability to 94%.
The Australian sharemarket is on track for its worst one-day drop since May, as risk appetite deteriorates on the back of hotter-than-expected US inflation data and renewed tariff concerns. At 2pm AEST, the S&P/ASX 200 was down 0.8% at 8564.10. If sustained, it would mark the steepest decline since May 5.
