Australia 200

The ASX200 is trading 94 points higher at 6527 at 3pm Sydney time and is set to snap a seven-session losing streak that has wiped over $200 billion off the local index.

Heading into the release of last Friday's U.S inflation data, the market was hopeful that it would confirm that inflation had or was close to peaking. Thereby allowing central banks to ease their foot off the monetary tightening pedal.

For the second time this week, the ASX200 has fallen over 100 points, closing at 7019.70 (-1.42%)

The ASX200 is trading 21 points higher at 7116 at 3.00 pm Sydney time. A mute rebound after its post RBA thumping yesterday.

At its monthly meeting this afternoon, the Reserve Bank Board surprised the market and raised its official cash rate by a supersized 50 bp from 0.35% to 0.85%.

After notching up three straight weeks of gains, the ASX200 is trading 23 points lower at 7216 at 3pm Sydney time

The ASX200 is trading 73 points lower at 7146 at 3.00 pm Sydney time as the volatility episode of 2022 extended into a six month.

The ASX200 is trading 17 points higher at 7228 at 3.15 pm Sydney time.

As both polling and betting markets correctly predicted (this time), the Australian Labor Party (ALP) has claimed victory in the 2022 Federal Election, the first time in 9 years Labor Party has been in power.

The ASX200 has plunged, to be trading 108 points lower at 7075 at 3.15 pm Sydney time.

With all the bearish news in recent months, it's easy to lose sight of the positives that emerged post the pandemic. Australian labour force data released this morning showed the unemployment rate fell to 3.9%, its lowest level since the 1970s.

The ASX200 is trading 60 points higher at 7173 at 3.15 pm, looking to lock in a fourth straight day of gains after a wicked rebound on Wall Street overnight.

The ASX200 is trading 21 points higher at 7114 at 3.15 pm, on track for a third straight session of gains, albeit on light volumes.

The ASX200 is trading 25 points higher at 7100 at 3.15 pm Sydney time, 50 points below its morning high after weak Chinese economic data inflamed growth concerns

The Australian Federal Election is just five days away. Both polling and betting markets have the ALP well ahead. As illustrated by Brexit, Donald Trump’s election in 2016 and the Australian Federal Election in 2019, polls are not fool proof.

The ASX200 is trading 12 points lower at 7039 at 2.45 pm, in nervous trading ahead of crucial U.S CPI data due out at 10.30 pm this evening.

There comes a point where bears overplay their hand. And yesterday’s rebound above 7,000 following a strong move lower on the ASX suggests they may be losing their grip.