Money
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.
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.
Money
US dollar strength hits NZ dollar amid FX market shifts
US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.
US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.
The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.
Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.
We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.
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Money
Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions
Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.
Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.
Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.
Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.
Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.
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Money
Australia jobs, market trends, and tariff ruling: What investors need to know
Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.
Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.
Australia’s latest jobs report is shaping market expectations and interest rate forecasts. Strong employment growth could boost confidence in the economy, while weaker data might prompt a rethink of monetary policy.
Investors are favouring cyclical assets over growth stocks, targeting sectors like industrials, materials, and energy. David Scutt from StoneX notes this reflects both caution amid market volatility and a bet on areas tied to economic cycles.
Meanwhile, the upcoming Supreme Court ruling on Trump’s reciprocal tariffs could significantly impact markets, yet many are overlooking its potential effects on trade, commodity prices, and sector valuations. Investors should prepare for possible volatility and adjust strategies accordingly.
#AustraliaJobs #InterestRates #CyclicalAssets #GrowthStocks #MarketInsights #TrumpTariffs #InvestorTrends #TickerNews
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