JTrader Daily: Fridays best set ups!
JTrader Daily: Best set ups for Friday 21st February 2025!
BXB, RXL, CPU, EVN, A2M
JTrader Daily: Best set ups for Friday 21st February 2025!
BXB, RXL, CPU, EVN, A2M
The Australian sharemarket extended its sell-off on Thursday, with the S&P/ASX 200 Index dropping 1.5% to 8,297, its largest intraday decline in three weeks. A stronger-than-expected 44,000 increase in January employment tempered rate cut expectations, with odds of a May cut falling from 79% to 72%.
Whitehaven Coal (WHC) is an Australian producer of premium-quality coal focused on development and operation of coal mines in New South Wales and Queensland.
ASX Declines as Banks Weigh on Market
The S&P/ASX 200 fell 0.7% (55.2 points) on Wednesday to 8425.80, as banking and energy stocks dragged the index lower. Seven of the 11 sectors finished in positive territory.
JTrader Daily: Best set ups for Thursday 20th February 2025!
FND, XRF, SEK, RMS, ASL
The Australian sharemarket extended losses on Tuesday as interest-rate-sensitive sectors sold off following the Reserve Bank of Australia’s widely expected 25-basis-point rate cut to 4.1 per cent—the first reduction since 2020.
JTrader: 18th February 2025. Wednesdays best set ups!
EDV, XRF, HDN, SHV, BC8
ASX Slips as Property and Energy Stocks Weigh on Market
The S&P/ASX 200 fell 0.5% (42.7 points) to 8,494.40 on Tuesday, driven by declines in property and energy stocks. The Australian dollar eased to US63.44¢ after reaching a two-month high on Monday.
The Australian sharemarket declined on Monday, with banks leading losses after underwhelming earnings reports from Westpac and Bendigo Bank. The S&P/ASX 200 Index fell 0.6% (54.60 points), retreating from Friday’s record high of 8555.8.
The Australian sharemarket reached a new peak on Thursday, driven by strong earnings results and the high-profile debut of Chemist Warehouse. The S&P/ASX 200 rose 0.2% to 8554.20, nearing its intraday record. Despite gains in materials stocks, only three of eleven sectors advanced. The All Ordinaries also added 0.2%.
The Australian sharemarket advanced on Wednesday, driven by a rally in Commonwealth Bank (CBA) following stronger-than-expected earnings. The S&P/ASX 200 rose 27.5 points (0.3%) to 8511.5 by mid-afternoon, with six of eleven sectors gaining.
The Australian sharemarket turned lower on Tuesday afternoon as gains from upbeat earnings were offset by a sharp sell-off in CSL. The S&P/ASX 200 was flat at 8483.50 by mid afternoon, while the All Ordinaries Index edged 0.05% higher. Industrials and technology stocks led gains, with nine of the ASX 200’s eleven sectors in positive territory.