Market Herald logo


Be the first with the news that moves the market

The ASX is marginally down today, as trading for the week begins.

The ASX 200 is currently 0.21 per cent in the red and the All Ords is at a loss of 0.18 per cent.

Despite being fractionally down, the Australian market is making amends after last weeks downfall, which saw the indexes drop to yearly lows.

Consumer discretionary, health care and industrials stocks are faring well this morning, all climbing into the green.

However, materials, tech, energy and consumer staples sectors are trading at a loss. Materials has taken the biggest hit so far, down 1.27 per cent.

Mining giants Rio Tinto and BHP’s share prices are down, 2.24 per cent and 0.97 per cent respectively.

In the banking sector, ANZ, Commonwealth Bank and Westpac are all slightly up. NAB is the only big four which is trading at a loss today, currently down 0.14 per cent.

JB-Hi-Fi and REA are ones to watch today, making big, positive moves on the ASX. JB-Hi-Fi is up 7.48 per cent today, currently sitting at $30.05 per share. REA is up just over 4 per cent, at $100.59 apiece.

Over in the U.S., the market is still suffering from trade war tensions with China.

Dow Jones closed 90.75 points down, Nasdaq closed 80.02 points down and the S&P 500 closed at a loss of 19.44 points.

There are concerns that Wall Street will take further hits this week when trading commences, as uncertainty between the two nations continues.

The Asian markets are recovering this morning. Nikkei is up 0.44 per cent and Hang Seng is up 0.14 per cent.

Gold is down 0.09 per cent, and oil is down 0.51 per cent.

More From The Market Herald
The Market Herald Video

" ASX Close: Rate-hike fears dampen rally

An early rally largely fizzled out after a hotter-than-expected inflation report sharpened fears official rates may rise as soon as next year.

" ASX Update: Surging inflation, Woolies weigh on market

The share market gave up early gains after the Reserve Bank’s preferred inflation measure jumped more than expected, increasing pressure on the bank

" ASX Today: Flat start ahead of inflation data

Australian shares were set to open little changed ahead of today’s consumer prices report despite another round of records on Wall Street.

" ASX Close: Fifth straight rise but gains dwindle away

The share market’s winning run stretched into a fifth session – just – as gains in tech stocks helped offset declines in defensive