The ASX rebounded on Thursday, with the S&P/ASX 200 up 0.3% to 8823.7 by 2pm AEDT, snapping a multi-day decline as stronger gold prices and gains in major miners lifted the market. Gold stocks rallied after bullion rose 1.2% overnight to hold above US$3970 an ounce. Newmont climbed 2.6%, Northern Star 2.9% and Evolution Mining 3%.
The Australian sharemarket declined on Wednesday, pressured by weakness in mining and technology stocks as investors reassessed the interest rate outlook. The S&P/ASX 200 fell 0.3% to 8790.1 by mid-afternoon, positioning the index for its sixth loss in seven sessions. Sentiment softened after RBA governor Michele Bullock cautioned that inflationary pressures may prove more persistent, reducing expectations for further rate cuts this cycle.
The Australian sharemarket edged lower on Monday as investors remained cautious ahead of the Reserve Bank of Australia’s policy meeting. The S&P/ASX 200 dipped 0.1%, or 5.2 points, to 8876.7 by 2pm AEDT, with eight of the 11 sectors trading in the red.
The ASX climbed on Friday afternoon, supported by gains in major banks and gold miners after bullion rebounded from a four-session slide. The S&P/ASX 200 rose 0.3% to 8914.9 at 2:12pm AEDT, with nine of 11 sectors advancing.
The Australian sharemarket edged lower on Thursday, extending the previous session’s steep sell-off as investors reassessed interest rate expectations. The S&P/ASX 200 dipped 0.2% to 8905.06 by 2:04pm AEDT, with six of 11 sectors in the red. Sentiment remained fragile after Australia’s hotter-than-expected inflation print on Wednesday and a cautious Federal Reserve tone overnight, which cooled hopes of further rate cuts this year.
The Australian sharemarket weakened on Wednesday after a stronger-than-expected inflation reading dented hopes of an imminent interest rate cut. The S&P/ASX 200 fell 0.9 per cent, or 81 points, to 8931.2 by mid-afternoon, with property, banks and healthcare weighing on the index.
The Australian sharemarket slipped on Tuesday, with the S&P/ASX 200 down 43.7 points, or 0.5 per cent, to 9011.9 by 2pm AEDT. Losses in technology and healthcare outweighed strength in the banking and retail sectors despite Wall Street’s overnight rally on optimism for a US-China trade deal.
The Australian sharemarket advanced on Monday, buoyed by expectations of a U.S. Federal Reserve rate cut and optimism over renewed U.S.-China trade talks. The S&P/ASX 200 rose 39.4 points, or 0.4%, to 9058.4 by mid-afternoon, with 10 of 11 sectors higher, led by industrials, financials and technology.
The Australian share market dipped on Friday as investors turned cautious ahead of next week’s high-stakes meeting between US President Donald Trump and China’s Xi Jinping, while renewed trade tensions with Canada added to uncertainty. The S&P/ASX 200 slipped 0.2% or 13.7 points to 9019.1 in afternoon trade, though remained up 0.2% for the week after setting a record high earlier.
The Australian sharemarket edged higher on Thursday, buoyed by a strong rebound in energy stocks as oil prices spiked following fresh U.S. sanctions on major Russian producers. The S&P/ASX 200 gained 0.1 per cent to 9039 by mid-afternoon, recovering from earlier losses driven by weakness in technology shares.
The Australian sharemarket retreated from record highs on Wednesday as a sharp correction in precious metals triggered a broad sell-off in mining stocks. The S&P/ASX 200 fell 0.9 per cent, or 85.1 points, to 9009 by mid-afternoon, reversing gains from the previous session’s rally sparked by Australia’s critical minerals deal with the United States.
Australia’s sharemarket climbed to fresh record highs on Tuesday, powered by a rally in mining stocks after a landmark critical minerals funding deal between the US and Australia. The S&P/ASX 200 rose 0.8 per cent to 9103.6, after touching an intraday peak of 9115.2.
