ASX

Aussie stocks are poised to bounce into the green on the first trading day of the new year — flying in the face of a dismal final session on...

Meanwhile, iron ore entered the new year on a tear thanks to a 5% jump in futures in the last week of 2022. However, Core Lithium has kicked off the new year with a new milestone: its maiden lithium ore shipment from the Northern Territory. “A correction may be on the cards in the absence of another bullish catalyst.” Aussie stocks are poised to bounce into the green on the first trading day of the new year — flying in the face of a dismal final session on Wall Street. However, in a note on the outlook, OANDA’s Craig Erlam said gold lacked the momentum to build on recent gains in any considerable way. “Equities are a little lower on the final trading day of the year but broadly speaking, over the last week there has been no development, just choppy trading with no conviction or direction,” he explained.

The Australian sharemarket has slipped over 1.6 per cent in afternoon trade, as a slump in Chinese factory activity soured the mood of investors.

China’s factory activity recorded its biggest drop in December since the pandemic began, signalling that infections there are already denting their manufacturing industry. New Hope Corporation and Whitehaven Coal shed 8.7 and 7.3 per cent respectively. The S&P/ASX200 was up for an instant in early trade on Tuesday, lifted by technology companies including software company Brainchip Holdings and biotech Imugene. House prices fell 1.1 per cent in December after a 1 per cent fall in November, leaving average national prices down 8 per cent from their high in April, and 5.3 per cent lower across the year – their worst calendar decline since 2008. Energy companies, which led the charge in 2022, were down 1.9 per cent. Both the US and Australian markets were closed on Monday for a public holiday, but European shares climbed in the first trading session of 2023 on the back of positive final purchasing managers’ index data from 2022 in the eurozone, which suggested that manufacturing activity there could be on the mend.

The Westpac Banking Corp (ASX:WBC) share price beat the market in 2022. Can the banking giant's shares do the same in 2023?

tailwind to share prices over the next three years. Despite this, the outlook for our two Buy stocks, WBC (on CL) and NAB, is better, and we highlight why we think double digit total shareholder returns remains achievable over the next three years. over the last two years. The broker explained: However, the outlook is now less optimistic, with 12-month forward EPS now only representing a c. [ASX: NAB](https://www.fool.com.au/tickers/asx-nab/)) can provide double digit returns each year over the next three years.

The All Ordinaries Index (ASX: XAO) is off to a rough start in 2023, falling 1% today. But not all shares on the iconic index are suffering.

Today’s gain is just the latest for the Weebit Nano share price. The All Ords tech share is currently swapping hands for $3.45. The Weebit Nano share price is taking off after So, what’s got the market excited about the Weebit Nano share price on the first trading day of 2023? [ASX: WBT](https://www.fool.com.au/tickers/asx-wbt/)) share price is rocketing 6.15% higher today on exciting news of the company’s next-generation memory technology. The Weebit Nano Ltd (

The ASX will advance on the first trading day of the year. The IMF has warned about a tougher year in 2023.

This will represent the first time SWM has held digital rights to cricket. Argosy has provided an update of its Rincon Lithium Project in Argentina. The benchmark Brent crude jumped 3% on Friday to US$85.91 a barrel. Board changes include the resignation of non-executive director, Evan Hayes. A ramp-up phase is scheduled during current quarter, as the company advances toward steady-state production operations by end of Q2-CY2023. At 8am AEDT, the ASX 200 Jan futures contract was pointing up by 0.50%.

Australian shares face an uncertain start to the new year as traders weigh a positive session in Europe overnight against a sharp contraction in Chinese ...

The miner’s UK listing shed 0.27 per cent. The most-traded May ore on China’s Dalian Commodity Exchange rallied 2.8 per cent on Friday to 863 yuan (US$124.14) a tonne. Gold ended the year near a six-month high in muted trade. The new year brings manufacturing and job vacancies on Wednesday night, as well as the minutes from last month’s Federal Reserve meeting. The S&P 500 finished with an annual loss of 19.4 per cent. The Nasdaq Composite gave up 12 points or 0.11 per cent. Thursday brings further employment tasters in the form of unemployment claims and private payrolls, before the main event on Friday night, the December jobs report. The S&P/ASX 200 wrapped up 2022 with a modest rally on Friday. The S&P 500 eased ten points or 0.25 per cent. Adding to worries across the holiday weekend was a dour annual outlook from the International Monetary Fund. The Dow Jones Industrial Average shed 74 points or 0.22 per cent. Germany’s DAX index gained 1.05 per cent as bond yields backed off their highest in more than a decade.

ASX 200 Futures were pointing 1.4% lower. Among stocks, Novonix Ltd (ASX:NVX) shed 4.1%, Computershare Ltd. (ASX:CPU) lost 1.4% ...

[CSL](/equities/csl-limited)) lost 1.1%, Sonic Healthcare Ltd (ASX: [SHL](/equities/sonic-healthcare-limited)) fell 0.3% and Resmed Inc (ASX: [RMD](/equities/resmed-inc.)) dipped 1%. [NVX](/equities/graphitecorp-ltd)) shed 4.1%, Computershare Ltd. [ASX 200 Futures](/indices/australia-200-futures) were pointing 1.4% lower. [Energy](/indices/s-p-asx-200-energy) was also 0.9% lower as Santos Ltd (ASX: [STO](/equities/santos-limited)) fell 0.6%, Woodside Energy Ltd (ASX: [WDS](/equities/woodside-petroleum-limited)) lost 0.3%, Beach Energy Ltd (ASX: [BPT](/equities/beach-petro)) fell 0.9% and Viva Energy Group Ltd (ASX: [VEA](/equities/viva-energy-group)) dipped 1.5%. (ASX: [CPU](/equities/computershare-limited)) lost 1.4%, Altium Ltd (ASX: [ALU](/equities/altium-ltd)) dipped 1.1% and Megaport Ltd (ASX: [MP1](/equities/megaport-ltd)) fell 2.1%. [Australia 10-Year](/rates-bonds/australia-10-year-bond-yield) rates were at 4.014%, while [United States 10-Year](/rates-bonds/u.s.-10-year-bond-yield) yields were at 3.831%.

The new year is off to a disastrous start for most All Ordinaries Index (ASX: XAO) shares, but these three are roaring higher.

[Tyro Payments Ltd](https://www.fool.com.au/2022/12/12/tyro-share-price-crashes-22-after-ending-takeover-talks-with-westpac-and-potentia/) ( [ASX: TYR](https://www.fool.com.au/tickers/asx-tyr/)) and [Nitro Software Ltd](https://www.fool.com.au/tickers/asx-nto/announcements/2022-12-28/3a610350/second-supplementary-targets-statement/) ( [ASX: NTO](https://www.fool.com.au/tickers/asx-nto/)). It’s fallen 75% since it floated on the ASX in March 2021. [ASX: HT1](https://www.fool.com.au/tickers/asx-ht1/)). [ASX: NEU](https://www.fool.com.au/tickers/asx-neu/)) share price is rocketing 7.67% right now to trade at $8.56. [ASX: ART](https://www.fool.com.au/tickers/asx-art/)). We’ve rounded up three that are posting gains of as much as 7%. Fortunately, though, not all its constituents are suffering. [agreed to sell](https://www.fool.com.au/tickers/asx-ht1/announcements/2023-01-03/2a1423292/hte-to-sell-stake-in-soprano/) its 25% stake in Soprano Design to Potentia Capital for around $66.3 million in cash. The first All Ordinaries share defying today’s tumble is Airtasker Ltd (

Proteomics International Laboratories (ASX:PIQ) has received reimbursement approval from the American Medical Association for its PromarkerD test.

The approval refers to a new dedicated CPT proprietary laboratory analyses (PLA) code for the predictive test for diabetic kidney disease. - The approval refers to a new dedicated CPT proprietary laboratory analyses (PLA) code for the diabetic kidney disease predictive test - Proteomics International Laboratories (PIQ) receives reimbursement code approval from the American Medical Association for its PromarkerD test

The local share market has made a dismal start to the new year, sinking to a fresh eight-week low amid broad-based selling. The S&P/ASX200 index on Tuesday ...

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(MT Newswires) -- Proteomics International Laboratories (ASX:PIQ) secured a Current Procedural Terminology - Proprietary Laboratory Analyses code for its ...

Australian shares are expected to advance at the open, after American investors assessed the pain ahead for growth stocks, sending US markets lower.

The British pound fell 0.6 per cent to $US1.1973. The euro fell 1 per cent to $US1.0558. Britain’s 10-year yield declined 0.02 of a percentage point to 3.65 per cent. Germany’s 10-year yield declined 0.06 of a percentage point to 2.39 per cent. The Dow Jones Industrial Average fell 0.6 per cent. The Nasdaq 100 fell 1.3 per cent. The S&P 500 fell and the tech-heavy Nasdaq 100’s losses exceeded 1 per cent. [Most economists were wrong on house prices in 2022](https://www.afr.com/property/residential/most-economists-were-wrong-on-house-prices-in-2022-20221230-p5c9hk) Three of the four major banks got it wrong when they forecast house prices to rise modestly in 2022. “That seems to be the common theme. [NSW, Vic demand Medicare reforms as ‘urgent priority’](https://www.afr.com/politics/nsw-vic-unite-to-demand-medicare-reforms-as-urgent-priority-20230103-p5ca2w) NSW and Victoria have joined forces to demand urgent reforms to Medicare at the next national cabinet meeting, insisting an overhaul of the healthcare system is the most urgent challenge facing the country. The firm has told suppliers to make fewer components for some products because of weakening demand. All eyes will be on the jobs report this week, as softening in the labour market remains the Fed’s focus.

Meteoric Resources leads December winners after positive metallurgical results at its new Caldeira project. Symbio Holdings saw its share price plunge in last ...

As a result, it has withdrawn its guidance for FY 2023. REY Resources Ltd Earlypay Ltd PCL also announced the resignation of long serving director and current chairman David Kennedy. Ardea Resources Ltd Metalstech Ltd Mayur Resources Ltd Minbos Resources Ltd Cokal Ltd The ongoing war in Ukraine and China’s loosening of tough covid-19 restrictions also had investors spooked. Canyon Resources Ltd Cackling and thieving all value they saw, Leaving nothing but red on the ASX floor.

ASX 200 expected to rebound · Oil prices sink · Growth shares on watch · Gold price hits six-month high · ANZ shares return to normal · Wondering where you should ...

[ASX: BPT](https://www.fool.com.au/tickers/asx-bpt/)) and Woodside Energy Group Ltd ( [ASX: WDS](https://www.fool.com.au/tickers/asx-wds/)) after a very poor night for oil prices. [ASX: ANZ](https://www.fool.com.au/tickers/asx-anz/)) shares will begin trading under the ANZ ticker code again on Wednesday after completing its switch to a non-operating holding company model. According to CNBC, the [spot gold price](https://www.cnbc.com/quotes/[email protected]) is up 1% to US$1,844.3 an ounce. The banking giant’s shares have been trading under the ANZDA ticker code since late last year. Interest rates and recession concerns, Tesla’s deliveries miss, and the market’s aversion to growth stocks put pressure on this side of the market. In late trade on Wall Street, the Dow Jones is down 0.8%, the S&P 500 is down 1.1%, and the Nasdaq is 1.3% lower. [ASX: EVN](https://www.fool.com.au/tickers/asx-evn/)) and Northern Star Resources Ltd ( [ASX: NST](https://www.fool.com.au/tickers/asx-nst/)) could have a good day after the gold price pushed to a six-month high overnight. ANZ chair, Paul O’Sullivan, explained: “The restructure is about making our banking business more efficient by creating a better structure for investing in our non-bank partners. [ASX: BRN](https://www.fool.com.au/tickers/asx-brn/)) and Pilbara Minerals Ltd ( [ASX: PLS](https://www.fool.com.au/tickers/asx-pls/)) will be on watch on Wednesday after a tough night on Wall Street. The benchmark fell 1.3% to 6,946.2 points. The Australian share market looks set to rebound on Wednesday despite a very volatile night on Wall Street. [According to Bloomberg](https://www.bloomberg.com/energy), the WTI crude oil price is down 4.2% to US$76.90 a barrel and the Brent crude oil price has tumbled 4.4% to US$82.10 a barrel.

Australia's benchmark S&P/ASX 200 index dropped 3.21 per cent in December, according to data from S&P Dow Jones Indices, ending the year down by 1.08 per ...

On the other hand, the S&P/ASX Energy Companies index (-22.51 per cent) and the S&P/ASX Small Ordinaries Index (-18.38 per cent) suffered significant declines. Over 2022, the S&P/ASX 20 (3.63 per cent), S&P/ASX 50 (1.89 per cent) and S&P/ASX 100 (0.63 per cent) all managed to deliver a positive result. Somewhat smaller falls were seen for the real estate (-3.8 per cent), financials (-3.5 per cent), communication services (-2.6 per cent), consumer staples (-1.8 per cent), utilities (-1.2 per cent) and materials (-0.9 per cent) sectors. While down by more than 1 per cent for the year, the ASX 200 fared better than the both S&P Global Broad Market Index (BMI), which fell by almost 12 per cent, and the S&P 500, which plummeted nearly 18 per cent. For December, every sector of the ASX 200 was down, with the biggest declines for consumer discretionary (-7.0 per cent), information technology (-5.4 per cent), industrials (-4.9 per cent), health care (-4.4 per cent) and energy (-4.1 per cent). Materials (13.0 per cent) and financials (1.6 per cent) were the only other sectors to post gains over the year, while consumer discretionary (-20.4 per cent), communication services (-10.5 per cent), health care (-7.2 per cent), consumer staples (-4.7 per cent) and industrials (-3.0 per cent) were all in the red.

Australian shares advance 0.7 per cent at the open. Wall Street declines as investors assessed the pain ahead for growth stocks. Tesla tumbles, Apple value ...

The benchmark 10-year yield fell 12 basis points to 3.76 per cent, marking the steepest drop on the first trading day of a new year since 2008. and the Office of the Comptroller of the Currency on Tuesday detailed concerns with the volatile asset class. Lower oil prices supported improved sentiment in the Treasury market, which suffered a record annual loss in 2022 as soaring inflation drew an aggressive response from the Fed. The Australian 10-year yield fell as much as 11 basis points and the 10-year Treasury yield steadied after its biggest decline in more than a month. “As investors return from the long weekend we’re anticipating ‘cooler heads’ will prevail.” The latest Fed outlook is at odds with that of Wall Street, which has generally become more sanguine in recent months as price pressures have started to moderate. The Hang Seng index gained ground for a second day in a note of support for the economic outlook in Covid-hit China. It has raised the cash rate eight times to 3.1 per cent since May last year. Officials said in a statement that it was important that risks that can’t be controlled aren’t allowed to migrate to the banking system. Japanese shares declined and the yen inched higher following efforts by the Bank of Japan to depress yields on government debt. At the conclusion of the December 13-14 meeting of the Federal Open Market Committee, policymakers published new projections showing they expected inflation would end 2023 higher than they previously thought. Contracts for the S&P 500 and tech-heavy Nasdaq 100 climbed after US stocks fell on Tuesday.

The Australian share market is expected to follow the weak lead in from US stocks overnight as investors continue to worry about the global economy.

The Fed’s key lending rate stands at a range of 4.25 per cent to 4.5 per cent after rocketing from a range of 0 per cent to 0.25 per cent at the beginning of 2022. Markets are also anticipating a monthly report on the US job market on Friday that could provide clues on where the biggest economy in the world is headed, as well as corporate earnings reports which are set to start being released in greater numbers in mid-January. Wall Street is also waiting on the latest round of corporate earnings reports, which will start flowing heavily around the middle of January. Bleak factory activity data from China dragged down US oil prices which closed 4.1 per cent lower on Tuesday, weighing on American energy companies. Investors are also looking ahead this week to several updates on the employment market, which has been a strong area of the broader economy. Wells Fargo rose 1.2 per cent. Apple fell 3.7 per cent, after a Nikkei Asia report indicated slumping demand and staff shortages in China, leaving the iPhone maker’s market value below $US2 trillion for the first time since March 8, 2021. The central bank’s next policy decision on interest rates is set for February 1. Stock and bond markets were closed Monday for the observed New Year’s Day holiday. Small-company stocks also lost ground, pulling the Russell 2000 index 0.6 per cent lower. Meanwhile, energy companies remain in the red after oil prices dropped in their biggest fall in more than month. The Dow Jones Industrial Average slipped less than 0.1 per cent and the Nasdaq composite dropped 0.8 per cent.

ASX futures bounced 59 points or 0.86 per cent, suggesting relief for Australian investors after a grim start to the new year. The S&P/ASX 200 tumbled up to 1.9 ...

Earlier, the miner’s UK listing crept up 0.06 per cent. Nickel gained 4.73 per cent, zinc 0.74 per cent and tin 2.29 per cent. The Aussie slid 1.16 per cent overnight to 67.28 US cents. Aluminium lost 2.5 per cent and lead 0.33 per cent. Silver rallied 20 US cents or 0.8 per cent to US$24.236 per ounce. The S&P/ASX 200 sank like a stone yesterday, briefly threatening to give up as much as 2 per cent after dire Chinese data rang alarm bells for the closely-tied Australian economy. Brent crude settled US$3.81 or 4.43 per cent lower at US$82.10 a barrel. The Nasdaq Composite gave up 80 points or 0.76 per cent. The S&P 500 dropped 15 points or 0.4 per cent. Tesla tumbled 12.24 per cent to its lowest since August 2020 after fourth-quarter deliveries fell short of market expectations. The dollar fell more than 1 per cent. US stocks sank on the first trading day of 2023 as a brief burst of New Year optimism quickly gave way to renewed selling.

ASX December winners of Santa's worst ever rally, Core Lithium is ready to live up to its name and actually ship some lithium to China.

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an oil refinery worker checks her laptop computer in front of a backdrop of oil refinery. Image source: Getty Images. You're reading a free article with ...

In respect to global economic growth, IMF Managing Director Kristalina Georgieva spoke bleakly on Sunday about the year ahead. This follows the release of poor economic data out of China and news that the Chinese government has raised its export quotas for refined oil products in the first part of 2023. Traders were selling oil amid concerns over Chinese demand and global economic growth. [ASX: WDS](https://www.fool.com.au/tickers/asx-wds/)) share price has dropped 3%. [ASX: STO](https://www.fool.com.au/tickers/asx-sto/)) share price is down 1.5%. [ASX: BPT](https://www.fool.com.au/tickers/asx-bpt/)) share price has fallen 1.5%.

The market had a less than stellar day yesterday, with momentum picking up again early in trading in the morning today.

The combined $196 million in sales are equal to their gross market value and reflect an initial yield of 9.5% on the in-place NOI. GDI said the performance of both carparks now appears to have recovered with occupancy and revenues both exceeding budgets. “During the second half of 2022 we experienced very high levels of leasing enquiry, and it is a very positive sign for GDI that this is now resulting in signed leases and Heads of Agreement”, Mr Gillard stated. GDI announced it executed three new Heads of Agreement to lease approximately 5,500 square metres over fiver floors of its portfolio, including the first tenant to commit to the yet to be completed WS2, Perth. The sale price of $325 million (at 100%, URW share 55%), reflects an initial yield of 5.6% on the in-place Net Operating Income, and a 10.6% discount to the last unaffected appraisal. On 28 December 2022, Adbri (ASX: ABC) announced it extended its cementitious materials supply arrangement with Independent Cement and Lime Pty Ltd to the end of 2023. James Hardie (ASX: JHX) announced a change in Company Secretary. The expansion project will increase the size of the village to its full potential of 106 homes. It was also announced that the US Masters Residential Property Fund – URF Convertible Step-Up Preference Units (ASX: URFPA) will be suspended from quotation from the close of trading 22 December 2022 under Listing Rule 17.2, in anticipation of their conversion on Tuesday 3 January 2023. The project also includes the refurbishment of existing communal facilities, including a swimming pool, community room and entry statement. Settlement is expected to occur on 1 March 2023. the village comprises 55 existing homes on a 9.8 hectare site, with surplus land available for brownfield development.

Investing.com - The S&P/ASX 200 added 1.1% to 7,016.7 after the first 110 minutes of Wednesday's trade, recouping losses of 1.3% in the previous session as ...

[Materials](/indices/s-p-asx-200-materials) also rallied 1.4% collectively as Rio Tinto Ltd (ASX: [RIO](/equities/rio-tinto-limited)) gained 1.5%, BHP Group Ltd (ASX: [BHP](/equities/bhp-billiton-limited)) lifted 1.4%, Fortescue Metals Group Ltd (ASX: [FMG](/equities/fortescue-metals)) gained 1.2% and Champion Iron Ltd (ASX: [CIA](/equities/champion-iron-ltd)) added 3.6%. [Saved Items](/members-admin/saved-items) [ASX 200 Futures](/indices/australia-200-futures) were pointing 0.3% higher. [Block List](/members-admin/settings-blocked-users) [JBH](/equities/jb-hi-fi)) added 1.6%, Domino's Pizza Enterprises Ltd (ASX: [DMP](/equities/dominos-pizza)) gained 2%, Tabcorp Holdings Ltd (ASX: [TAH](/equities/tabcorp-holdings-limited)) lifted 2% and Aristocrat Leisure Ltd (ASX: [ALL](/equities/aristocrat-leisure-limited)) added 2%. [SQ2](/equities/block)) added 4.2%, Appen Ltd (ASX: [APX](/equities/appen-ltd)) lifted 4.5%, Megaport Ltd (ASX: [MP1](/equities/megaport-ltd)) added 3.4%, Link Administration Holdings Ltd (ASX: [LNK](/equities/link-administration-holdings-ltd)) gained 1.5% and Novonix Ltd (ASX: [NVX](/equities/graphitecorp-ltd)) lifted 7.6%.