Australian stock futures are pointing to an opening rise ahead of the week's final trading session. ASX futures are up by about 0.6% before Friday's open, suggesting that the S&P/ASX 200 could avoid a second straight weekly decline. The benchmark index is down by almost 0.5% so far this week after…
Australian shares were likely to open higher on Friday, with a probable boost from mining stocks due to higher iron ore and gold prices, while energy stocks were poised to rise on stronger oil prices.The local share price index futures (YAPcm1) rose 0.6%, a 37.5-point premium to the underlying S&P…
By Scott MurdochAustralia's A$4.5 trillion pension fund industry participants are preparing their closely watched June-end financial year accounts for the country's nearly 18 million members, with some major funds expecting returns of less than 10%.
By Aamir KhalidAustralian shares ended broadly flat on Thursday, with strength in gold and bank stocks countering investor caution ahead of the crucial U.S. payrolls report, while Northern Star jumped after naming a new CEO.The S&P/ASX 200 index ASX:XJO closed 1.6 points higher at 8,724.50 points…
By Scott MurdochAustralia's A$4.5 trillion pension fund industry participants are preparing their closely watched June-end financial year accounts for the country's nearly 18 million members, with some major funds expecting returns of less than 10%.
The ASX 200 closed little changed at 8,724 on Thursday after trading lower in early deals, with gains in consumer services, healthcare, and financials countered by losses in retail trade, logistics, and energy minerals.Traders weighed Australia’s May trade data, which unexpectedly showed a deficit…
By Nikita Maria JinoShares of Perpetual ASX:PPT rose to a six-month high on Thursday after the Australian financial services provider rejected an A$2.45 billion ($1.69 billion) takeover proposal from EQT AB OMXSTO:EQT, saying the offer undervalued the company.Perpetual's shares jumped as much as 7…
CANBERA (dpa-AFX) - Asian markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, as tumbling crude oil prices and AI-related concerns triggered a sharp sell-off in energy and technology stocks, respectively. Markets also cheered positive comments from…
Australian shares extended declines on Thursday, following weak domestic housing data released in the previous session, while Northern Star Resources jumped on appointing a new CEO a month after activist investor Elliott built a stake in the gold miner.The S&P/ASX 200 index ASX:XJO fell 0.5% to 8,6…
Australian shares slid 41 points, or 0.5%, to 8,680 in early trade on Thursday, marking a third straight decline and touching their lowest in nearly three weeks.Sentiment soured after Wall Street opened July on a weak footing overnight, as investors trimmed chipmaker holdings.Locally, caution built…
Australian stocks could be on course for a third straight fall following a weak lead from U.S. equities. Local stock futures are down by 0.3% ahead of Thursday's session, suggesting that the S&P/ASX 200 will keep falling after retreating 1.1% across the past two sessions. The benchmark index is com…
Australian shares were likely to slip on Thursday, with probable losses in mining stocks due to lower iron ore prices, while energy stocks could snap a four-day win streak as oil prices weakened on optimism over U.S.-Iran peace talks.The local share price index futures (YAPcm1) fell 0.3%, a 35.9-po…
Australia's ASX 200 dipped 56 points or 0.6% to finish at 8,723 on Wednesday, the first day of the new financial year.Markets extended declines from the day before amid a sharp drop in U.S. stock futures following strong gains on Wall Street during H1 of 2026, supported by a continued surge in chip…
By Aamir KhalidAustralian shares ended lower on Wednesday, the first trading day of the new financial year, as banks dragged on softer house price data, though gains in miners, led by South32, limited losses.The S&P/ASX 200 index ASX:XJO closed 0.6% lower at 8,722.90. The benchmark had ended down 0…
July is a very underrated month of the year for global equities, ranking as the second-best month for both the S&P 500 and ASX 200.Since 1980, the S&P/ASX 200 has averaged a 2.13% gain in July and finished higher 72% of the time.Source: Market IndexOur S&P/ASX 200 Total Returns data goes back to 20…
CANBERA (dpa-AFX) - Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from Wall Street overnight, boosted by strong gains in the technology sector, which mirrored their peers on the tech-heavy Nasdaq. Traders also refrained from big moves due to the lac…
Australian equities slipped 26 points, or 0.3%, to 8,751 on the first trading day of a new month, marking a second session of losses as retail trade, commercial services, producer manufacturing, and utilities weighed.Sentiment remained cautious at the start of the new financial year, with the Reser…
Australian shares inched lower on Wednesday, the first day of the new financial year, weighed down by major banks, though gains in South32 ASX:S32 helped cap losses after the diversified miner agreed to sell most of its aluminium assets.The S&P/ASX 200 index ASX:XJO fell 0.1% to 8,774.20 by 0010 GM…
Australia's Coles Group ASX:COL said on Wednesday it is in discussions with U.S.-based private equity giant TPG for a potential acquisition of Greencross Pet Wellness Company, sending its shares to a two-week low.The Australian Financial Review (AFR) had reported earlier in the day that Coles was i…
Morgan Stanley analyst Chenny Wang says there's lots to like about Redox--except its valuation. MS downgrades Redox to equal-weight, from overweight, despite lifting its price target by 14% to 4.00 Australian dollars a share. MS says the stock rose some 32% in the six months through June, compared…
