Markets Live: Strong week for the ASX
Shares lose most of their early gains but remain on track for their best week in two months as investors snap up some bargains.
Shares lose most of their early gains but remain on track for their best week in two months as investors snap up some bargains.
A powerful two-day rally in the ASX came to an abrupt end as banks swung from gains to losses, while a bumper jobs number pushes the Aussie higher.
Broad, bank-led gains have pushed the ASX back past 5800 points as investors extend yesterday's powerful session.
Investors ignored a mini US tech-wreck and ploughed into the big banks, helping the ASX record its best session in seven months, supported by upbeat business confidence data.
Political uncertainty makes a surprise return - UK exit polls inject some volatility into markets and the ASX isn't immune.
Shares nudge higher thanks to some buying in the banks, but slides in Telstra and resource stocks keep a cap on gains.
Shares recover their early losses to trade flat and the Australian dollar heads higher on GDP numbers that didn't disappoint, but Wesfarmers remains a major drag.
Shares are back where they started the year after the ASX suffers close to its worst session in 2017 amid almost indiscriminate selling, while the RBA holds steady.
Investors ignored a solid overseas lead and resumed selling the big banks, as a 'risk-off' mood sends the ASX lower.
New records in global shares lit a fire under the ASX on the final day of trade, with Friday's solid gains helping shares eke out a small gain over the week.
Shares trade flat as strong gains in utilities and industrials are offset by falls in miners and Wesfarmers.
Shares eke out some gains, thanks to a small boost from better than expected Chinese data, but the ASX remains on track for an awful monthly performance.
After a weak start, bargain hunting among the oversold big banks as well as gains in the miners sparked a 40-point afternoon rally and left the ASX comfortably in the black.
Shares endure a soft start the week, as selling in the banks resumes and after a sharp fall in the price of iron ore on Friday night weighs on the miners.
Shares end the week higher despite a sharp fall on Friday, amid more losses in the heavyweight banks and a torrid week for retail stocks.
A vicious selloff in the retail sector gains pace was not enough to sink the overall market, which steadied and then climbed thanks to some bargain hunting in banks and resources stocks.
The Australian dollar took a hit after a surprise cut to China's credit ratings, but local shares have steadied following initial wobbles.
Shares end the session lower as the major banks reverse early gains and join more vigorous selling in the regional lenders, as miners also take a hit.
Shares rise, led by miners and energy stocks, taking leads from Wall Street as well as strong metal prices.
Shares are unable to find any support as investors continue to dump the big banks and the ASX extends the week's losses.
Shares slump for a second straight day extending the ASX's losses as gathering controversy around the US presidency threatens to derail the global bull market.
Renewed selling in the major banks led a broad and savage sell-off on the ASX, as investors mulled uninspiring wage growth data and climbing US political risks.
Solid support for the miners and a broadly positive mood towards the banks helped the ASX overcome the drag of Macquarie and NAB trading ex-dividend.
Gathering enthusiasm for bank stocks helped the ASX overcome the Monday morning wobbles, as Quintis and Oroton shares enter a trading halt.
More selling in the big banks on Friday flattens the week's gains and offsets a strong performance from resources stocks.
Flagging support for the big banks and selling in miners as Chinese commodities futures again turned south flattened the ASX's early rally, as the mood around retailers sours further.
A broad ASX rally overcame more losses in the big banks, as investors reacted positively to last night's pro-growth Federal budget.
A softish trading update by CBA combined with talk of a new levy on banks sparked heavy selling in the major banks, dragging the ASX to a loss.
Shares rebound off their recent losses led by commodity plays and the banks as Westpac reports half-year profit figures, while media stocks surge on talk of deregulation.
Steep gains in Telstra and Macquarie can't quite offset losses in miners following an overnight collapse in commodity prices.