The ASX 200 rose 16 points (+0.20%) to 8209 as of 2.30pm AEDT on 14 November 2024, amid mixed labour market signals. The Australian economy added 15,900 jobs in October, below expectations, while the unemployment rate remained steady at 4.1%. In the banking sector, Commonwealth Bank shares hit a record high following a strong Q1 profit report, while the IT sector also saw significant gains. Conversely, the gold sector faced declines, and iron ore prices dipped below $100, affecting major miners.
The ASX 200 fell 22 points (-0.27%) to 8243, marking a second consecutive day of losses amid disappointing Chinese stimulus and concerns over potential tariffs from Donald Trump. Despite this, Australian consumer and business confidence indexes showed significant gains, with the Westpac-Melbourne Institute consumer sentiment index rising 5.3% to 94.6, its highest in two and a half months. Mining stocks, particularly uranium miners like Paladin Energy, faced steep declines, while consumer-facing stocks like Cettire and Temple & Webster saw gains. The banking sector showed mixed results, with ANZ up 1.43% while NAB fell 3.33% after going ex-dividend.
The ASX 200 is down 24 points (-0.55%) at 8140 as markets await the US election and the RBA's decision to maintain interest rates at 4.35% for the eighth consecutive meeting. Despite a decrease in headline inflation, underlying inflation remains high, prompting the RBA to defer rate cuts until targets are met.In the banking sector, major banks fell following a downgrade of Westpac, while the mining sector saw gains amid hopes for fiscal stimulus from China's NPC meeting. The ASX 200 is currently positioned between key support at 8110-8100 and resistance around 8350-8360, indicating potential for significant movement.
The ASX 200 is down 21 points (-0.26%) at 8159, on track to finish October approximately 1.3% lower after a record high of 8384. Retail sales rose only 0.1% in September, indicating cautious consumer behavior, while Woolworths shares fell 2.3% following a profit warning amid cost-of-living pressures. In contrast, Coles reported stable sales growth and avoided a profit warning, though its shares slipped 1.02%.
The ASX 200 rose 29 points (0.36%) to 8250, marking a potential third consecutive day of gains amid lighter trading volumes. Key upcoming events include US tech earnings and Australian Q3 inflation data, with expectations that a lower trimmed mean inflation could prompt an RBA rate cut. Notable stock movements included ZIP surging 12.37% after a strong Q1 update, while major banks and mining stocks also saw gains ahead of their quarterly reports.
The ASX 200 is up 9 points (0.14%) at 8227 after recovering from a morning dip to a two-week low of 8183.6, driven by buying in major banks and the property sector as US debt concerns linger. The IT sector continues to decline, with Wisetech Global leading losses, while Fortescue's production update shows an 11% drop in iron ore shipments.
The ASX 200 fell 133 points (-1.60%) to 8210, marking its worst performance since early September, driven by rising US Treasury yields and market concerns over potential inflation and fiscal spending linked to a possible Trump election victory. Interest rate-sensitive sectors, including financials and real estate, were particularly hard hit, with significant declines in major stocks like Lend Lease and NAB. Despite typical investor rotation into mining during such downturns, major miners also experienced losses.
The ASX 200 rose 34 points (0.42%) to 8222 by 2:00 PM AEST, buoyed by positive sentiment from China’s recent fiscal policy announcements and a new 500 billion yuan swap facility. Key sectors, including mining and energy, saw gains, while the index approached resistance levels, indicating potential volatility ahead.
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