ASX 200

The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) just capped off its worst week since March 2020, falling 1.8 per cent on Friday and dragging ...

A more interesting trend is occurring in email inboxes around the world, with news this week that a number of streaming and online services had increased their prices by as much as 10 per cent. The Commonwealth Bank of Australia ( ASX: CBA) share price fell 3.6 per cent and National Australia Bank ( ASX: NAB) share price fell by 1.7 per cent on concerns that bad debts may increase in a recessionary environment. It was a big week for businesses and consumers last week, after the increase in the minimum wage was approved. The S&P500 moved slightly positive, gaining 0.2 per cent, with the likes of Apple ( NASDAQ: AAPL) showing tentative signs of a bottoming. The Humm ( ASX: HUM) share price fell more than 21 per cent after its board announced they would not proceed with the sale of its BNPL business to Latitude Financial. Meat business Australian Agricultural Co ( ASX: AAC) added 9.9 per cent. The S&P/ASX 200 ( INDEXASX: XJO) and All Ordinaries ( ASX: XAO) just capped off its worst week since March 2020, falling 1.8 per cent on Friday and dragging the ASX200 down 6.6 per cent for the week.

After an extremely difficult week that saw the Aussie stock market plunge in response to recession fears, there looks to be no quick bounce back this week.

“The rising risk of global recession also led to falls in oil, metal and iron ore prices.” The world’s largest cryptocurrency climbed 16.5 per cent overnight, recouping much of its losses from a steep drop Saturday that sent the token to as low as $17,599. “As always the most speculative ‘assets’ are getting hit the hardest including the pandemic winners of tech stocks (with Nasdaq having fallen 34 per cent) and cryptocurrencies (with Bitcoin down 70 per cent from its high last year).” After an extremely difficult week that saw the Aussie stock market plunge in response to recession fears, there looks to be no quick bounce back this week. “As has been the case all year, the key drivers of the fall in shares remain: high and still rising inflation flowing from pandemic distortions to supply and demand made worse by the war in Ukraine and Chinese lockdowns; central banks stepping up the pace of interest rate hikes; and the rising risk that this will trigger a recession,” Dr Oliver said. After an extremely difficult week that saw the Aussie stock market plunge in response to recession fears, there looks to be no quick bounce back.

According to the latest SPI futures, the ASX 200 is likely to open 19 points or 0.3% lower on Monday.

In addition, a rebalance of the ASX 200 index would take effect today. On Wall Street, the Dow Jones was down 0.1%, the S&P 500 was up 0.2%, and the NASDAQ rose 1.4%. On Wall Street, the Dow Jones was down 0.1%, the S&P 500 was up 0.2%, and the NASDAQ rose 1.4%. According to the latest SPI futures, the ASX 200 is likely to open 19 points or 0.3% lower on Monday. On Friday, the benchmark index fell 1.75% to 6,474.8 points. Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and cut demand for energy. The most-traded iron ore, for September delivery, on China's Dalian Commodity Exchange ended 5.9% lower at 821.50 yuan (US$122.64) a tonne, after earlier tumbling to 815.50 yuan, the lowest since 26 May 2022. After sharp early losses, world stocks steadied somewhat to ending Friday's session down by just 0.12%. The weekly slide of 5.8% was the steepest since the week of March 20, 2020. According to the latest SPI futures, the ASX 200 is likely to open 19 points or 0.3% lower on Monday. For the week, the S&P 500 dropped 5.8%, also its biggest fall since the third week of 2020. Appen Ltd ( ASX:APX) and PolyNovo Ltd ( ASX:PNV) would be removed from the index, while Brainchip Holdings Ltd ( ASX:BRN) and Core Lithium Ltd ( ASX:CXO) would be added to the benchmark index. The Australian share market is expected to start the week on a muted note following mixed closing on Wall Street last Friday. The domestic market is likely to extend losses from its biggest weekly drop since March 2020 on Friday as investors panic that aggressive-monetary policies tightening could pull the global economy into recession. The Australian share market is expected to start the week on a muted note.

The ASX has opened steadily after Wall Street closed out its most punishing week since the 2020 coronavirus crash with a meandering day of trading that left ...

The S&P 500 remains in a bear market after it earlier this week dropped more than 20 per cent below its record. That’s happened only five other times total in the last year. It has since regained most of the lost ground to be trading back above $US20,000 on Monday morning AEST. That should put upward pressure on longer-term interest rates and is another way central banks are yanking supports earlier propped underneath markets to bolster the economy. The S&P 500 rose 8.07 points, or 0.2 per cent, to 3,674.84 points after waffling between modest losses and gains for most of the day. Powell will testify before Congress this upcoming week on monetary policy, and what he says is sure to guide trading. Markets around the world have been shuddering as investors adjust to the bitter medicine of higher interest rates that the Federal Reserve and other central banks are increasingly doling out. Other disappointing data, including sagging spending at retailers and soured consumer sentiment, have raised concerns the Fed’s actions could wind up being too aggressive. That’s its worst week since March 2020, when stocks were in free-fall as the global economy suddenly shut down at the onset of the pandemic. The Fed’s moves are happening as some discouraging signals have emerged about the economy, even if the jobs market remains solid. It could consider another such mega-hike at its next meeting in July, but Fed Chair Jerome Powell said increases of three-quarters of a percentage point would not be common. Bega shares fell by 8.1 per cent to $4.

The benchmark index shed 6.6% of its value to end at 6474.8 points last Friday.

Hub24’s share price fell 20.1% in the last week. While a large number of ASX-listed stocks fell during the last four trading sessions, a few tanked more than others. The overall weakness in the tech sector has largely impacted the share price of the company. The tech firm’s shares fell 26.1% last week. The Australian share market witnessed a significant decline last week. The benchmark index gave away 6.6% of its value to end at 6,474.8 points last Friday. The factors that impacted investors' sentiments in the last few days include interest rate hike by the Reserve Bank of Australia, a cut in global growth forecast by World Bank, the latest rate hike by the Federal Reserve along with other central banks.

The painful market sell-off could play into the hands of bidders with two ASX 200 infrastructure shares likely to be in play.

The AFR reported that there was US$304 billion in capital hunting for infrastructure assets at the end of 2021. The high volatility in our market could make it easier for takeovers to occur too. One might not think it, but Australia has an open border approach when it comes to foreign ownership of our infrastructure assets. IFM Investors bought a 15% stake in it this month. Bidders are hungry for assets that generate relatively reliable and consistent returns. The painful market sell-off could play into the hands of would-be bidders with an expert pointing to two ASX 200 infrastructure shares likely to be in play.

Typically, voluntary escrow gives the market some reassurance that major shareholders won't cash out immediately after the finalisation of a deal. However, this ...

When discussing the potential for share sales, it is important to understand the composition of shareholders. There is currently an issue with the perceived overhang of shares that could come to the market. On 3 December 2021, the former TPG chair liquidated 20% of his ownership in the company, which equated to ~54.19 million shares. Adding to the worry, investors have already seen firsthand how this ASX 200 share reacts when Teoh decides to sell. That’s why one S&P/ASX 200 Index (ASX: XJO) constituent is gaining attention in the anticipation of a $7 billion release day. However, this restriction often only prolongs the inevitable selling that takes place.

ASX travel shares are in the green today · New insights reveal Australians are spending more on overseas travel · Flight Centre, Qantas, and Webjet shares are all ...

And the United States is seeing a similar trend, with 75% of Americans planning holidays in 2022, the Daily Mail reported. The insights showed NAB customers spent 600% more on overseas travel between 1 January and 1 May this year compared to the same period last year. About 25% of all goals were holiday-related in May 2022, compared with about 15% the same month last year.