The Australian sharemarket retreated on Tuesday, mirroring weaker global sentiment after US President Donald Trump threatened higher tariffs on digital services and announced plans to remove Federal Reserve governor Lisa Cook. The S&P/ASX 200 Index declined 34.3 points, or 0.4 per cent, to 8938.10 at 1.50pm AEST, with eight of 11 sectors in the red.
The Australian sharemarket edged higher on Monday as strength in mining offset weakness in financials, with investors digesting a wave of earnings results. The S&P/ASX 200 rose 3.9 points to 8971.30 at 3.05pm AEST, after briefly hitting a record intraday high of 9054.50. Sentiment was supported by US Federal Reserve Chair Jerome Powell’s signal that rate cuts could begin as early as next month.
The Australian sharemarket eased on Friday after touching record highs earlier in the week, with investors locking in profits following strong earnings-driven gains.
At 1:55pm AEST, the S&P/ASX 200 Index was down 27.9 points, or 0.3 per cent, to 8991.2. Losses across consumer staples, real estate and retail outweighed strength in resources and technology.
The Australian sharemarket surged to fresh highs on Thursday, with the S&P/ASX 200 Index breaching 9000 points intraday before settling at 8992.80, up 0.8 per cent. Gains were broad-based, with 10 of 11 sectors advancing, led by industrials and financials.
The Australian sharemarket traded slightly higher in afternoon trade, buoyed by a strong rebound in the banking sector that helped offset heavy losses in materials and healthcare. The S&P/ASX 200 Index rose 17.3 points, or 0.2 per cent, to 8913.50 at 2.03pm AEST, with seven of 11 sectors advancing.
The Australian sharemarket retreated from record highs on Tuesday as a wave of earnings reports weighed on sentiment, led by a sharp decline in CSL.
The S&P/ASX 200 hovered in a tight range on Monday, up 0.1 per cent at 8948.70 by 2pm, as investors digested a wave of earnings reports. The benchmark briefly touched 8960.90, its sixth consecutive intraday record.
The Australian sharemarket is poised for a second consecutive weekly gain, with the S&P/ASX 200 rising 38.5 points, or 0.4 per cent, to 8912.3 at 1.55pm AEST after reaching an intraday high of 8914.2. The index is tracking a 1.1 per cent weekly gain, marking a fifth straight record close – the longest streak in a decade – driven by the Reserve Bank’s rate cut and steady July jobs data.
The Australian sharemarket advanced towards a record close on Thursday, buoyed by strong financial sector gains led by Westpac’s standout quarterly result. At 2pm AEST, the S&P/ASX 200 rose 48.9 points to 8876, after hitting an intraday peak of 8899.10 – its fourth consecutive record high this week.
The Australian sharemarket is on track for its sharpest one-day fall in nearly two weeks, driven by heavy selling in major bank stocks, particularly Commonwealth Bank (CBA). After opening at a record high of 8890.50, the S&P/ASX 200 Index slid 42.50 points, or 0.5%, to 8838.30 by 2.05pm AEST.
