Market Close 5 Feb 26: Low commodity prices weigh on ASX

The ASX200 eased 0.4 % (≈ 39 points) after three days of gains, led by a 3 % fall in materials as silver plunged 14 % and gold slipped 2 %. Tech stocks stayed weak, extending a seventh‑month decline, while BHP fell 4 % letting CBA retake the top spot. Look ahead to ECB and BOE rate holds, US oil in…

Morning Report 05 Feb 26: Nasdaq tumbles as tech rout deepens

Wall Street slid overnight as renewed AI concerns weighed on tech stocks, dragging the Nasdaq down 2%. AMD led the sell-off, posting its steepest decline since 2018 after a disappointing outlook. In Europe, shares closed at record highs, bucking the global tech weakness. In commodities, oil prices …

Market Close 04 Feb 26: Miners surge as tech stocks tank

The Aussie market pushed higher for a second session, showing remarkable resilience by bucking a negative lead from Wall Street. While US indices retreated, the ASX 200 climbed as the Materials and Energy sectors did the heavy lifting. Gold miners were the standout performers after bullion prices s…

Morning Report 04 Feb 26: Stocks fall from near record levels

Wall Street’s sell-off deepened overnight, led by software and cloud stocks. In corporate news, Walmart joined the US$1 trillion club, becoming the first retailer to reach the milestone. In Europe, shares climbed to fresh record highs, supported by strength in mining stocks. Commodities were volati…

Market Close 03 Feb 26: ASX shrugs off rate hike with strong gains

Aussie stocks staged a robust recovery today, reclaiming most of Monday’s losses despite the Reserve Bank of Australia handing down its first rate hike in over two years. The board unanimously lifted the cash rate to 3.85%, citing a material pick-up in inflation. Governor Michele Bullock maintained…

Morning Report 03 Feb 26: Stocks climb as gold selloff eases

Wall Street kicked off February on a stronger note, led by gains in the tech sector, though losses in Walt Disney weighed on sentiment after the company flagged a weaker outlook. In Europe, shares climbed to record highs, driven by strength in banking stocks. Commodities were under pressure, with o…

Market Close 02 Feb 26: Will the RBA hike tomorrow?

The Aussie market suffered its sharpest fall in months, sliding deep into the red as a global commodity rout sparked a nasty four-day losing streak. The sell-off followed President Trump’s nomination of Kevin Warsh as the next Fed Chair. Warsh’s hawkish reputation sent the US dollar surging, causin…

Morning Report 02 Feb 26: US stocks tumble after Trump taps Warsh for Fed role

US stocks tumbled and precious metals slumped after Donald Trump chose Kevin Warsh as the next chairman of the central bank. Apple defied the broader sell-off, reporting its strongest-ever iPhone sales. In commodities, silver has plunged 30% from recent highs in its worst stretch since 1980, while …

Market Close 30 Jan 26: Rate hike ahead?

The Aussie market ended January with its third daily decline, down 0.7%. A 3% tumble in Materials led the drop as gold and silver prices pulled back following a historic 20% monthly rally. Sentiment was further pressured by speculation that Trump will nominate hawk Kevin Warsh as the next Fed Chair…

Morning Report 30 Jan 26: Stocks slide on AI spending concerns

US stocks swung as investor nerves around hefty AI spending sparked volatility, with Microsoft sliding after flagging a sharp jump in capital expenditure. That tech-led weakness spilled into Europe, where stocks were dragged lower by a broader sell-off in the sector. In commodities, gold eased as i…