Latest news with #sharemarket
The Australian
3 days ago
- Business
- The Australian
ASX banks, telcos lead market higher after Trump's EU deal
Australia's sharemarket snapped a brief two day losing streak on Monday after US President Donald Trump announced his latest trade deal and the major banks bounced back from their recent falls. The benchmark ASX 200 index closed up 30.8 points or 0.36 per cent at 8697.7 after hitting an intraday high of 8704.9, while the broader All Ordinaries finished in the green up 29.20 points or 0.33 per cent to 8,963.50. The Australian dollar slipped from a nine-month high on Friday buying 65.51 US cents at the time of writing. On an overall positive day, eight of the 11 sectors finished in the green, led by the telecommunications sector, the big four banks and healthcare stocks. The ASX had a good day after Donald Trump announced a trade deal with the EU. Picture: Gaye Gerard / NewsWire Shares in Telstra gained 0.81 per cent to $4.95, REA Group jumped 1.34 per cent to $236.09 and CAR group added 1.72 per cent to $37.89. Market heavyweight CBA gained 1.17 per cent to $174.90 offsetting half the falls in recent days, while NAB gained 0.67 per cent to $37.76, Westpac added 0.54 per cent to $33.21 and ANZ group closed 0.30 per cent higher at $30.31. Healthcare darling CSL gained 1 per cent to $270.59, Sigma Healthcare added 1.41 per cent to $2.88 and ResMed finished 0.97 per cent higher to $41.70. The markets jumped after US President Donald Trump announced a deal with the EU to end four months of negotiations between the two economic powerhouses. Following the discussions, the EU will face a 15 per cent tariff from the US, which is down from the 25 per cent the President announced in April. European Commission chief Ursula von de Leyen described it as 'a big deal, a huge deal, bringing: stability and predictability' to the two trading partners. IG market analyst Tony Sycamore said global markets around the world jumped on these trade deals. European Commission president Ursula von der Leyen and US President Donald Trump announced the deal on Sunday. Picture: Brendan Smialowski / AFP) 'In terms of the trade deals with Japan and Europe, the tariff rate that will be implemented came in lower than initially threatened and the market is looking very positively on it,' Mr Sycamore said. Uranium shares were one of the rare misses during Monday's trading, dragged down by news out of Boss Energy which flagged challenges out of its Honeymoon uranium project. Boss Energy shares plummeted 43.97 per cent to $1.90, Deep Yellow fell 8.34 per cent to $1.65 and Paladin Energy dropped 4.43 per cent to $6.91. 'That is the uranium sector in a nutshell,' he said. 'It is one where you have to be prepared for extraordinary volatility. 'This was a disappointing performance day and a disappointing report by Boss Energy.' In company news, Helloworld Travel shares soared 14.14 per cent to $1.69 after the business upgraded its guidance to somewhere between $58-$62m. Stealth Group's shares also soared 11.02 per cent to $0.70 after announcing a 50 per cent jump in pre-orders on the back of the soon to be released iPhone 17. Bubs Australia shares jumped 2.94 per cent to $0.18 after the infant formula maker announced Joe Cootes as its new chief executive, effective immediately. Read related topics: ASXDonald Trump
News.com.au
3 days ago
- Business
- News.com.au
ASX jumps in Monday trading after Trump announces more tariff deals
Australia's sharemarket snapped a brief two day losing streak on Monday after US President Donald Trump announced his latest trade deal and the major banks bounced back from their recent falls. The benchmark ASX 200 index closed up 30.8 points or 0.36 per cent at 8697.7 after hitting an intraday high of 8704.9, while the broader All Ordinaries finished in the green up 29.20 points or 0.33 per cent to 8,963.50. The Australian dollar slipped from a nine-month high on Friday buying 65.51 US cents at the time of writing. On an overall positive day, eight of the 11 sectors finished in the green, led by the telecommunications sector, the big four banks and healthcare stocks. Shares in Telstra gained 0.81 per cent to $4.95, REA Group jumped 1.34 per cent to $236.09 and CAR group added 1.72 per cent to $37.89. Market heavyweight CBA gained 1.17 per cent to $174.90 offsetting half the falls in recent days, while NAB gained 0.67 per cent to $37.76, Westpac added 0.54 per cent to $33.21 and ANZ group closed 0.30 per cent higher at $30.31. Healthcare darling CSL gained 1 per cent to $270.59, Sigma Healthcare added 1.41 per cent to $2.88 and ResMed finished 0.97 per cent higher to $41.70. The markets jumped after US President Donald Trump announced a deal with the EU to end four months of negotiations between the two economic powerhouses. Following the discussions, the EU will face a 15 per cent tariff from the US, which is down from the 25 per cent the President announced in April. European Commission chief Ursula von de Leyen described it as 'a big deal, a huge deal, bringing: stability and predictability' to the two trading partners. IG market analyst Tony Sycamore said global markets around the world jumped on these trade deals. 'In terms of the trade deals with Japan and Europe, the tariff rate that will be implemented came in lower than initially threatened and the market is looking very positively on it,' Mr Sycamore said. Uranium shares were one of the rare misses during Monday's trading, dragged down by news out of Boss Energy which flagged challenges out of its Honeymoon uranium project. Boss Energy shares plummeted 43.97 per cent to $1.90, Deep Yellow fell 8.34 per cent to $1.65 and Paladin Energy dropped 4.43 per cent to $6.91. 'That is the uranium sector in a nutshell,' he said. 'It is one where you have to be prepared for extraordinary volatility. 'This was a disappointing performance day and a disappointing report by Boss Energy.' In company news, Helloworld Travel shares soared 14.14 per cent to $1.69 after the business upgraded its guidance to somewhere between $58-$62m. Stealth Group's shares also soared 11.02 per cent to $0.70 after announcing a 50 per cent jump in pre-orders on the back of the soon to be released iPhone 17. Bubs Australia shares jumped 2.94 per cent to $0.18 after the infant formula maker announced Joe Cootes as its new chief executive, effective immediately.
News.com.au
24-07-2025
- Business
- News.com.au
‘Downplayed unemployment shock': Market drops on RBA governors speech
Australia's sharemarket slid during Thursday's trading as disappointing quarterly updates and a speech by Reserve Bank governor Michele Bullock weighed on the market. The benchmark ASX 200 closed lower on Thursday dropping 27.80 points or 0.32 per cent to 8,709.40 points while the broader All Ordinaries slipped 22 points or 02.4 per cent to 8,979.40. The Aussie dollar jumped 0.19 per cent and is now buying 66.11 US cents. All sectors except health care closed in the red, with the falls led by industrials, property, consumer discretionary and energy stocks. Market heavyweight CSL gained 1.53 per cent to $269.56, while ResMed gained 0.44 per cent to $41.10 and Cochlear closed 0.03 per cent higher to $314.01. Three of the four major banks also finished in the green, despite the sector as a whole falling. CBA eked out a 0.10 per cent gain to $173.47, NAB jumped 1.24 per cent to $37.66 and Westpac finished 0.54 per cent higher to $33.29. ANZ was the outlier sliding 0.43 per cent to $30.44. After jumping on the opening bell, shares subsequently fell after RBA governor Michele Bullock made her speech at the Annika Foundation lunch. IG market analyst Tony Sycamore said the market's confidence in a rate cut in August slipped after the speech. 'The RBA governor has elected to look through the recent criticism and, in her speech, downplayed the rise in employment saying it wasn't a surprise,' he wrote in a market note. 'She also noted that monthly inflation data suggests the inflation rate may not fall as fast as forecast in May.' Following Ms Bullock's speech the markets knocked off about five basis points or RBA rate cuts by the end of the year. In company news earnings results disappointed on Thursday. Macquarie shares dived 5.08 per cent to $213.84 after telling the market longstanding chief financial officer Alex Harvey will retire mid-2026 as well as announcing its first quarter data. Macquarie, which is broken up into four business segments, said its banking and financial services and Macquarie capital improved performance over the three months until June 30. But its Macquarie Asset Management and Commodities and Global Markets segments slipped. Overall Macquarie Group reported a $3.7bn profit for FY25. It was also a disappointing trading update for Bapcor with shares slumping to a five-year low after the Autobarn and Midas owner said statutory net profits after tax would lie between $31 to $34m. Shares in the company slumped 28.38 per cent to $3.66 on the announcement. In a positive trading update Fortescue shares jumped 4.34 per cent to $19 after the investing giant announced its fourth quarter update showing it shipped a record-breaking annual shipment of 198.4Mt in FY 2025. Lynas Rare Earths gained 5.03 per cent to $10.65 after its shipment jumped 38 per cent compared to the prior quarter.
Yahoo
23-07-2025
- Business
- Yahoo
ASX jumps as Trump talks trade deals
Australia's sharemarket jumped in line with the Asian markets, after US President Donald Trump announced a 'massive deal' with Japan. The benchmark ASX 200 gained 60 points or 0.69 per cent to finish trading on Wednesday at 8,737.20, while the broader All Ordinaries climbed 59.90 points or 0.67 per cent to close at 9,001.49. Australia's dollar rose 0.13 per cent and at the time of writing was buying 65.62 US cents. In an agreement between the US and Japan, the US will impose a 15 per cent levy on Japanese imports, down from 25 per cent. Japan in return will invest $US550bn into the United States. Stocks on Japan's Nikkei index rallied and the yen leapt on the news the country was able to sort a trade deal with Mr Trump, including on the critical car manufacturing sector. Last year, cars shipped to the US were around 28 per cent of Japan's 21.3 trillion yen of total exports to the world's largest economy. Global X senior investment strategist Billy Leung said Japanese equities hit a record high on Wednesday on the back of the announcement. 'This isn't just about a one-day rally. Japan is the world's largest robot manufacturing country and its role in global tech supply chains especially in high-precision manufacturing and automation makes it a key beneficiary of both tariff clarity and the broader reconfiguration of US-aligned production,' he said Australia's sharemarket followed with 10 of the 11 sectors gaining, led by the miners, banks and energy sector. The big three iron ore miners all finished in the green, with BHP up 0.9 per cent to $41.85, Rio Tinto gaining 1 per cent to $119.47 and Fortescue gaining 2.3 per cent to $18.21. Woodside Energy shares were up 1.45 per cent to $25.21, Yancoal Australia jumped 2.81 per cent to $6.58 and Whitehaven Coal soared 6.53 per cent to $7.18. On an overall strong day for the financial sector, three of the four major banks gained during Wednesday's trading. Commonwealth Bank shares finished 0.51 per cent higher trading at $173.30, Westpac shares gained 1.41 per cent to $33.11 and ANZ soared 2.52 per cent to $30.57. NAB slipped 0.05 per cent to $37.20. In company news, shares in Telix Pharmaceuticals plunged 15.13 per cent to $21.32 after it told the market it had received a subpoena from the US Securities and Exchange Commission for various documents primarily related to the company's disclosure regarding its prostate cancer therapy. Shares in Australia's top fuel retailer Ampol Limited rallied 3.27 per cent to $27.77 despite telling the market it forecasts weaker half yearly earnings on the back of sea-freight conditions impacting its supply chains. Iluka Resources jumped 4.05 per cent to $5.39 after the global critical minerals business after telling the market it achieved its full-year production guidance for Zircon by June 30. Sign in to access your portfolio
News.com.au
23-07-2025
- Business
- News.com.au
Major banks and miners jump in broad market rally
Australia's sharemarket jumped in line with the Asian markets, after US President Donald Trump announced a 'massive deal' with Japan. The benchmark ASX 200 gained 60 points or 0.69 per cent to finish trading on Wednesday at 8,737.20, while the broader All Ordinaries climbed 59.90 points or 0.67 per cent to close at 9,001.49. Australia's dollar rose 0.13 per cent and at the time of writing was buying 65.62 US cents. In an agreement between the US and Japan, the US will impose a 15 per cent levy on Japanese imports, down from 25 per cent. Japan in return will invest $US550bn into the United States. Stocks on Japan's Nikkei index rallied and the yen leapt on the news the country was able to sort a trade deal with Mr Trump, including on the critical car manufacturing sector. Last year, cars shipped to the US were around 28 per cent of Japan's 21.3 trillion yen of total exports to the world's largest economy. Global X senior investment strategist Billy Leung said Japanese equities hit a record high on Wednesday on the back of the announcement. 'This isn't just about a one-day rally. Japan is the world's largest robot manufacturing country and its role in global tech supply chains especially in high-precision manufacturing and automation makes it a key beneficiary of both tariff clarity and the broader reconfiguration of US-aligned production,' he said Australia's sharemarket followed with 10 of the 11 sectors gaining, led by the miners, banks and energy sector. The big three iron ore miners all finished in the green, with BHP up 0.9 per cent to $41.85, Rio Tinto gaining 1 per cent to $119.47 and Fortescue gaining 2.3 per cent to $18.21. Woodside Energy shares were up 1.45 per cent to $25.21, Yancoal Australia jumped 2.81 per cent to $6.58 and Whitehaven Coal soared 6.53 per cent to $7.18. On an overall strong day for the financial sector, three of the four major banks gained during Wednesday's trading. Commonwealth Bank shares finished 0.51 per cent higher trading at $173.30, Westpac shares gained 1.41 per cent to $33.11 and ANZ soared 2.52 per cent to $30.57. NAB slipped 0.05 per cent to $37.20. In company news, shares in Telix Pharmaceuticals plunged 15.13 per cent to $21.32 after it told the market it had received a subpoena from the US Securities and Exchange Commission for various documents primarily related to the company's disclosure regarding its prostate cancer therapy. Shares in Australia's top fuel retailer Ampol Limited rallied 3.27 per cent to $27.77 despite telling the market it forecasts weaker half yearly earnings on the back of sea-freight conditions impacting its supply chains. Iluka Resources jumped 4.05 per cent to $5.39 after the global critical minerals business after telling the market it achieved its full-year production guidance for Zircon by June 30.
