Australian equities gained momentum on Wednesday, with the S&P/ASX 200 climbing 0.9% to 8472.3, following softer-than-expected inflation data that bolstered expectations of a February rate cut by the RBA. Eleven of twelve sectors traded higher as major banks, including NAB and RBC, adjusted forecasts in favor of earlier monetary easing.
China’s stranglehold on Critical minerals, Manufacturing and now AI with DeepSeek means President Xi may not be that concerned about tariff threats
The DeekSeek panic subsided overnight, seeing a rebound in MAG7 stocks as focus shifts to the Federal Reserve decision due in the early hours of tomorrow morning AEDST .
Anticipating next week’s company earnings and economic figures.
Stay informed on the latest financial updates and trends with MPC Markets
Dive into the world of ETFs and exchange rate risk, where the Aussie dollar dances with global currencies, creating opportunities and challenges for your portfolio.
Technology, electricity, and data centre companies faced significant sell-offs on Tuesday amid investor concerns that China’s advancements in cost-effective AI could pressure earnings for firms like Nvidia and reduce demand for energy-intensive data centres.
The S&P/ASX 200 was higher in early afternoon trading, up just 2.1 points to 8411, reversing earlier gains. Overnight, Wall Street tumbled, with the Nasdaq dropping 3% as traders feared the Chinese start-up DeepSeek’s AI could disrupt the US tech sector. Nvidia shares plunged 16.7%, while Constellation Energy dropped over 20%.
AI related stocks fell sharply on Monday, led by Nvidia and other chipmakers as popularity of a low-cost Chinese artificial intelligence model raised investor worries about the outlooks for current AI leaders in the United States.
DeepseekAI claims to have built its latest AI models for just $6 million, a fraction of the billions spent by US-based AI companies, threatening the demand for Nvidia’s high grade chips
Dive into the world of ETFs and exchange rate risk, where the Aussie dollar dances with global currencies, creating opportunities and challenges for your portfolio.
Stocks hit another fresh record high before giving up some gains Friday as investors digested more corporate earnings and economic data.
Dive into the world of ETFs and exchange rate risk, where the Aussie dollar dances with global currencies, creating opportunities and challenges for your portfolio.
Australian shares advanced on Friday, driven by gains in domestic retailers. The S&P/ASX 200 index rose 0.4% (30.1 points) to 8408.8, with nine of the 11 sectors posting gains, led by consumer discretionary stocks. The All Ordinaries index also climbed 0.4%.
