Macquarie's 10 stocks for dodging the ASX's big winter risk
Another day, another record for Commonwealth Bank shares.
The warm glow of the ceasefire in the Middle East may have faded, but our 'magnificent one' just keeps grinding higher. CBA accounts for 12.4 per cent of the ASX 200 and its baffling, logic-defying run – up 48 per cent in the past year – shows no signs of slowing.
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Perth Now
2 hours ago
- Perth Now
Aust shares dip as attention shifts back to tariffs
The local share bourse has dipped slightly as traders' attention shifts from the Middle East to US President Donald Trump's looming deadline for reciprocal tariffs. At noon AEDT on Thursday, the benchmark S&P/ASX200 index was down 20.3 points, or 0.24 per cent, to 8,538.9, while the broader All Ordinaries was down 18.2 points, or 0.21 per cent, to 8,761.7. July 9 is the next deadline for trade deal negotiations, following Mr. Trump's declaration of a 90-day pause on his reciprocal tariffs on April 9. At midday, health care was the ASX's only sector in the green. Energy, mining and financials were all basically flat, and the exchange's other seven sectors were in the red. Tech was the biggest mover, dropping 1.8 per cent as Xero shed 4.6 per cent to a more than three-week low of $185.32 after the New Zealand cloud accounting company completed a $1.85 billion capital raising to buy US payments firm Melio. In the heavyweight mining sector, BHP was down 0.1 per cent, Rio Tinto was up 0.1 per cent and Fortescue had gained 0.3 per cent. Northern Star had dropped 3.0 per cent as the threat of war in the Middle East faded. The yellow metal was changing hands at $US3,349 an ounce, about the same as on Wednesday. In the financial sector, the big four banks were mixed. ANZ was up 1.3 per cent and CBA was up 0.1 per cent - after closing at an all-time high on Wednesday - while Westpac was down 0.3 per cent and NAB had dropped 0.5 per cent. In health care, Neuren Pharmaceuticals had climbed 9.2 per cent to $13.69 after its potential treatment for a neurodevelopmental condition called Pitt Hopkins syndrome received a US patent. In currency, the Australian dollar was buying 65.24 US cents, from 65.03 US cents at midday on Wednesday.
Sky News AU
3 hours ago
- Sky News AU
ASX 200 sinks on Thursday after mixed performance across major Wall Street indexes
The ASX 200 is down in the early moments of trading on Thursday following a mixed performance in the US. The index sank about 0.2 per cent after the first 25 minutes of trading with accounting software company Xero down 7.2 per cent amid investor backlash to its $4b bet on American accounting and invoicing platform Melio Payments. Credit Corp Group is down about three per cent while family safety app-owner Life360 and data centre owner DigiCo Infrastructure have both lost about 2.5 per cent. Wall Street was a mixed bag on Wednesday despite the major indexes climbing back to their February highs after the calamity of Donald Trump's "Liberation Day" tariffs. "It almost feels like back to your regularly scheduled bull market," Ryan Detrick, chief market strategist at Carson Group in Omaha said. "We've dealt with the tariffs, we've dealt with the Middle East drama, but stocks continue to defy the odds by moving higher with the realization that the U.S. economy remains quite resilient." Shares in chip-maker Nvidia jumped to a new record high, boosting its market cap to US$3.77 trillion, bumping Apple to reclaim the title of world's most valuable company, after rallying more than 60 per cent since April. The Dow Jones sank 0.3 per cent, the S&P 500 finished flat and the Nasdaq added 0.3 per cent. London's FTSE 250 Index shed 0.1 per cent on Wednesday, Germany's DAX fell 0.6 per cent and the STOXX Europe 600 sank 0.7 per cent. New Zealand's NZX has shed 0.3 per cent while Japan's Nikkei 225 is up 0.6 per cent since trading began on Thursday. -With Reuters
Herald Sun
4 hours ago
- Herald Sun
ASX 200 live: Xero in focus; Shell-BP merger talks, Nvidia at record; Powell reiterates Fed focus on Trump tariffs
Xero under pressure after insto raise to fund $4bn US buy. Shell's early BP talks signal largest oil deal in a generation with global impacts. Formidable trio to look into bourse operator ASX's 'repeated, serious failures'. Welcome to the Trading Day blog for Thursday, June 26. The ASX 200 index is down 0.2 per cent to 8545.70 points at 10.20am AEST as bank and tech losses weigh. Wall Street closed mixed with the S&P 500 index flat, the Dow Jones index off 0.3 per cent and the technology-focused Nasdaq rising 0.3 per cent. Cryptocurrency giant bitcoin is around $US107,600. The Aussie dollar is trading around US65.23c. Stars align for RBA's July cash rate cut Originally published as ASX 200 live: Xero in focus; Shell-BP merger talks, Nvidia at record; Powell reiterates Fed focus on Trump tariffs Business Qatar Airways' chief has revealed the full chaos unleashed by Monday's airspace closure in a rare 'open letter' to plead understanding from fuming travellers. Companies A major Aussie capital city has announced it will phase out future residential gas appliances by the end of the year, despite the Premier slamming it as an 'overstep'.
