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Markets Live: ASX tops 5800 as CBA soars
The ASX is on track for a new 2017 closing high thanks to a surprisingly strong performance of the big banks.
The ASX is on track for a new 2017 closing high thanks to a surprisingly strong performance of the big banks.
ASX recovers from early losses as investors snap up banks, but miners remain under pressure after commodity prices fell, as a mystery buyer snaps up 80 million Myer shares.
Shares post healthy gains to pare the week's losses, led up by CSL and the big banks, while Downer slumps following its capital raising.
Shares claw back some of yesterday's heavy losses after Wall St steadied overnight as miners shrug off another sharp fall in iron ore, although banks remain weak .
In a big shake-up after months of gains, shares record their worst day since the US election amid growing doubts that Trump will deliver on his pro-growth policies.
Some recovery in the banks helps almost reverse early losses on the ASX, as TPG pops on a strong earnings update and Blackmores and Bellamy's jump on a Chinese rule change.
Shares dip led down by Harvey Norman's biggest slide in more than five years, while the Aussie dollar nudges higher.
The ASX 200 briefly edged above 5800 points on Friday before paring some of the session's gains, as powerful gains in the miners led the sharemarket higher over the week.
The ASX salvages some gains thanks to a very late spike, with miners the day's shining winners.
A strong session for the miners helps lift the ASX from the day's lows, as investors hold their breath ahead of the Fed's rates decision.
Early, mining-inspired gains on the ASX were erased amid selling in the big banks, while NAB's monthly business survey showed a pullback from recent heights.
Shares start the week on a downer, as the big miners put in a mixed performance and listed property stocks cop some heavy selling, while gold producers roar back into favour.
Banks and healthcare stocks are leading the market higher, following gains by US peers overnight, while the Aussie dollar recovers above US75c.
Big drops in miners and energy stocks pull shares lower, while 10-year bond yields surge to 15-month highs as traders get ready for higher US rates.
Local shares are trading slightly lower, with banks offsetting the losses as markets keep an eye on the US Federal Reserve's interest rate decision next week.
The RBA sounds a bit more upbeat on the economy, enough to give the Aussie a push, while the ASX reverses early losses on news of movement in Washington.
Shares overcome a weak start to finish the session higher as investors jump into miners following the weekend's National People's Congress in China, while Navitas is smashed after an earnings downgrade.
Shares erase a fair chunk of yesterday's big gains, led down by the big miners after Wall St exuberance faded.
Shares record their best day in over three months as investors surf the wave of optimism that swept through the market overnight thanks to a renewed faith in the Trump trade, overwhelming the drag of some big names like Woolies and Lendlease trading ex-dividend.
The ASX continues to wallow as Telstra trades ex-divided, while an initial Trump-inspired jump in Wall St futures quickly fades.
Shares slide on the final day of reporting season amid caution ahead of Trump's big speech tomorrow, while WorleyParsons shares surge after a Dubai investor takes a stake.
Shares slide again despite big gains in QBE, Aristocrat and Lendlease after their profit reports, as waning enthusiasm for the Trump trade drags on big banks and miners.
Shares fall as investors tweak their expectations on the timing of US fiscal stimulus and after major metals prices dropped.
Shares claw back some early losses as investors take profits in the big miners, while the dollar takes a whack from soft business investment numbers.
Shares manage to end the day higher, mostly thanks to a stand-out performance from Woolies on a busy day of profit reports, while the Aussie inches up despite some disappointing economic data.
Shares slip lower for a second session as losses in the banks outweigh gains in iron ore miners after the commodity hit 2½-year highs, while Seek's profit update disappoints as reporting season rolls on.
Shares fall as investor mood turns sour on poor earnings updates from the likes of Brambles and WorleyParsons, while the big miners also drag.
A coordinated rally in big banks and miners helps the ASX record a second strong week of gains, despite some profit taking in Friday's session as reporting season reaches a crescendo.
Shares eke out a small gain despite Telstra suffering its worst session since August 2010 on a heavy day of earnings, while the Aussie dollar recovers its post-Trump losses.
Investors pile into heavyweights CBA, Wesfarmers and CSL after solid earnings updates, helping the ASX push through 5800 points and to its highest since May 2015.
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