Australian shares have reversed early gains to trade lower as the S&P/ASX 200 slipped 11 points to 8324 in late afternoon trade. After opening 0.3% higher, the index lost momentum by midday. Commonwealth Bank weighed on the market, falling 1% after briefly setting a record high above $157.
Stocks finished the day session mixed ignoring a slump in Target and caution in tech ahead of Nvidia’s quarterly earnings which beat the analysts expectations, but disappointed investors
Australian shares retreated from record highs as geopolitical tensions dampened investor sentiment. The S&P/ASX 200 Index fell 31 points, or 0.4%, to 8351.6, with energy stocks leading declines, down 1%. Santos dropped 1%, weighing on the sector.
Stocks climbed overnight, despite an escalation from Russia by lowering the Kremlin’s threshold to authorise a nuclear strike. The rally was led by a jump in technology shares as investors eagerly awaited results this week from Nvidia
Findi provides bespoke payments services for one of the world’s largest developing markets, India. While being part of the digital banking revolution where Findi has banking without banks, payments without cards and customers able to transact in a fast and flexible way from any location
The Australian sharemarket reached a new high on Tuesday, as the S&P/ASX 200 Index climbed 1.3%, or 108.9 points, to 8409.1 by mid afternoon, breaking above the 8400 threshold for the first time. All 11 sectors traded higher, led by strong performances in technology and energy stocks.
Weebit Nano Limited is currently exhibiting a strong upward trend, with its stock price experiencing significant gains following a recent capital raise.
Stocks closed higher overnight, driven by a rally in big tech and Tesla ahead of key earnings from Nvidia and comments from Federal Reserve officials.
The Australian sharemarket remained flat early Monday afternoon, with the S&P/ASX 200 steady at 8285.5 points after slipping 0.1% last week. Gains in commodity-linked stocks balanced declines in health and technology sectors.
Elders Limited ELD:ASX Earnings Update
Investors started to abandon the Trump trade on Friday driven by concerns about slower interest-rate cuts and reactions to President-elect Donald Trump’s cabinet selections.
A wrap of the week in markets from the boys at MPC Markets.
We cover stocks, politics, opportunities on the ASX and geopolitics
