Browsing Tag

Steven Daghlian

Travel stocks rocket on new border rules

The ASX eased slightly, but news double vaccinated travellers will be allowed into Australia on February 21 sent the sector soaring.The Australian sharemarket finished barely changed, with travel stocks surging after new border rules were…

ASX shrugs off Wall Street bloodbath

The ASX surprised on the upside despite heavy losses on US markets overnight, with the highest oil prices in eight years boosting energy stocks.The Australian sharemarket shrugged off a Wall Street bloodbath to post decent gains, with…

Tech wrecks ASX two-day winning streak

The tech sector dragged the ASX lower after Facebook’s owner delivered a disappointing result after Wall Street closed, but Nufarm was a stellar performer locally.The Australian sharemarket slid lower after the tech sector was hammered by…

ASX jumps higher after RBA rates call

The central bank sent the ASX higher after not budging from its historic low cash rate, while a $3bn cash splash on shareholders buoyed Boral.The Australian sharemarket climbed higher after the Reserve Bank of Australia kept the cash rate…

ASX rallies after technical correction

The ASX jumped sharply after plunging to a 10-month low in the prior session, the first day in the green all week.Volatility continued to reign on the Australian sharemarket, which jumped sharply after plunging to a 10-month low in the…

ASX plunges to 10-month low

The ASX tumbled firmly into the red but energy stocks were winners as the prospect of armed conflict between Russia and Ukraine fuelled supply concerns.The Australian sharemarket sank to its lowest levels in 10 months, with most sectors in…

ASX firmly red after Wall Street tumbles

The local bourse went south after US markets copped a battering amid concerns the Federal Reserve will aggressively hike interest rates as inflation surges.The Australian sharemarket slid into the red for the second straight day on the back…

ASX piggybacks Wall Street higher

Record highs on US markets propelled the ASX firmly into the green, while fresh comments on interest rates have settled nerves.The Australian sharemarket was propelled higher by a positive lead from Wall Street, but managed to outperform…

ASX slides after post-RBA meeting rally

The ASX surged after the RBA flagged keeping the cash rate at its historic low for another two years, but couldn’t hold onto the gains.The Australian sharemarket slumped lower despite positive overseas leads and after failing to hold onto…