ASX reaches record high, fueled by real estate stocks

ASX hits record high again; real estate and energy sectors surge while financials face profit-taking amid strict APRA guidelines.

Published

1 year ago

November 25, 2024

ticker NEWS

The Australian sharemarket achieved a new record high for the second consecutive day on Monday, driven by gains in real estate stocks.

The S&P/ASX 200 Index closed at 8417.60, up 0.3 per cent, or 23.8 points, surpassing Friday’s record.

The index has increased nearly 3 per cent this month amid positive investor sentiment towards the incoming Trump administration.

Seven out of twelve sectors saw gains, with real estate leading. Mirvac rose 3.3 per cent to $2.11, Vicinity Centres increased 2.3 per cent to $2.19, and Goodman Group climbed 1.5 per cent to $37.81.

Oil prices

The energy sector also saw increases as oil prices remained stable amid ongoing tensions in the Ukraine-Russia conflict. Woodside gained 1.2 per cent to $25.36.

In the commodities market, coal miners faced challenges, and major mining companies had mixed performance despite stronger iron ore prices.

Rio Tinto decreased by 0.4 per cent, BHP remained unchanged, and Fortescue grew by 0.4 per cent.

Financial stocks were under pressure after APRA retained its strict mortgage serviceability buffer due to high household debt and economic uncertainties.

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

2 days ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

2 days ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker

Money

S&P 500 dips as tech stocks struggle with AMD leading losses

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

Published

3 days ago

February 5, 2026

Harvey Vargas

S&P 500 declines as tech stocks sell off; AMD plummets, Microsoft stable, investors eye Alphabet’s upcoming earnings report.

The S&P 500 fell as technology stocks faced intense selling pressure, dragging the broader market lower. AMD shares were particularly hard hit, falling 17% after its first-quarter forecast disappointed analysts.

Software names including Oracle and CrowdStrike also struggled, although Microsoft found some stability amid the sell-off.

Investors are now focused on Alphabet, which is set to report earnings after the bell Wednesday.

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