To The Moon

The XJO finished down 0.4% lower this week. In terms of individual stocks, $WASHINGTON H. SOUL PATTINSON(SOL.AU)$, $WOODSIDE ENERGY GROUP LTD(WDS.AU)$ and $QANTAS AIRWAYS LIMITED(QAN.AU)$ up 2%; $NORTHERN STAR RESOURCES LTD(NST.AU)$ down 10%.Soul Pattinson Ceases to Be Substantial Holder in Peninsula EnergyPeninsula Energy ( (AU:PEN) ) has issued an announcement.Washington H. Soul Pattinson and Company Limited and its subsidiaries have notified Peninsula Energy that they have ceased to be a substantial holder in the company as of 29 December 2025, following changes in relevant interests in Peninsula’s voting secu

The Australian sharemarket rose on Friday, in line with Wall Street, on revived expectations that the US Federal Reserve will cut interest rates further.The S&P/ASX 200 index closed 0.5% higher, or 40 points, to 8628.2, with eight of 11 sectors in positive territory. For the week, the benchmark fell 0.8%, snapping a three-week winning streak. The index was on track to post a 5.8% annual rise, well below the double-digit gains of the US and European indices.Investor sentiment was supported after American core consumer prices rose by less than expected, though economists warned that the data was distorted lower by the US government shutdown.Markets are now pricing about a 25% chance of a January rate reduction by the Fed and a near-certain move by April.On the ASX, technology led gains w

The Australian sharemarket opened higher on Friday, following Wall Street gains, after fresh inflation data revived hopes of a January interest rate cut by the US Federal Reserve.The S&P/ASX 200 index was up 0.5%, or 41.70 points, to 8629.90 at 10.10am AEDT, with nine of the 11 sectors in positive territory. For the week, the benchmark is on track to fall 0.8%.Investor sentiment was supported after core consumer prices rose 2.6% year-on-year in November, while the overall CPI increased 2.7% over the same period. ANZ reports that markets are now pricing about a 25% chance of a January reduction and a near-certain move by April.“November’s inflation undershoot has armed Fed doves with strong ammunition for a January rate cut,” Principal Asset Management’s Seema Shah said in a note. “It’s

The Australian sharemarket edged into positive territory on Thursday following a late afternoon rally in technology stocks, though caution persisted amid a sell-off in the energy sector and lingering fears of an artificial intelligence bubble.The S&P/ASX 200 index inched up 3 points to 8588.2, snapping three sessions of losses. Even so, the local bourse has shed 1.3% since Monday.Out of the 11 sectors, four closed in the red.The technology sector rebounded in the final minutes of trading from a Nasdaq-inspired sell-off sparked by reports that Blue Owl would not back a US$10bn ($15 billion) deal to build a data centre in Michigan with the tech giant Oracle.The news still weighed on many local tech stocks, with NextDC falling 4.4% to $12.14 and Megaport down 1.8% to $12.13. Beaten-down f

The Australian sharemarket opened weaker after a selling wave washed through the tech sector after a report of an unexpected financing turn regarding an Oracle data centre.The S&P/ASX 200 index was down 12.80 points, or by 0.2% to 8572.40 at 10.20am AEDT, with eight of the 11 sectors off. Blue Owl, a longtime partner in Oracle’s rapid AI infrastructure build-out, has opted not to contribute equity for a data centre in Michigan, Bloomberg reported. This saw the Nasdaq drop by 1.8% and the S&P 500 by 1.2%.On the ASX, technology was the weakest as it tacked the Nasdaq. Data centre operator NextDC dived 4.7%, TechnologyOne 2% and WiseTech Global by 0.9%.Energy was lower as Woodside dropped 2.1% as it announced the unexpected departure of chief executive Meg O’Neill, who will become the

The Australian sharemarket dropped on Wednesday after key US jobs data did little to bolster expectations of further interest-rate cuts and oil fell to its lowest level in almost five years.The S&P/ASX 200 was down 13.7 points, or 0.2%, at 8585.20, with 10 of the 11 sectors lower, led by energy.Wall Street had a mixed session overnight after the US unemployment rate edged up to 4.6% from 4.4%. Evercore ISI economist Krishna Guha said the data were not “weak enough to spur another near-term rate cut”. Bond markets are pricing in roughly a 20% chance of a US Federal Reserve rate cut in January.On the ASX, Woodside fell 2.4% to $23.4 after Brent crude slid 2.7% to settle at $US58.92 a barrel overnight, as traders weighed the prospect of a deal in Ukraine that could ease restrictions on Ru

The Australian sharemarket opened lower on Wednesday as heavy losses among energy and banking stocks offset a rebound in materials a week out from Christmas.The S&P/ASX 200 index was down 30.8 points, or 0.4%, to 8568.10 at 10.12am AEDT, with seven of the 11 sectors lower.Energy was the weakest sector as Woodside fell 2.1% as global oil prices fell 2% to the lowest level since early 2021 on expectations the war in Ukraine could end. Santos fell 1.6% as it executed a conditional sale to divest its 42.86% operated interest in the Mahalo Joint Venture in Queensland’s Bowen Basin to Comet Ridge and its PNG LNG venture repaid its debt ahead of time.Consumer staples were down as Treasury Wine Estates dived 10.8% as the company downgraded its profit, which Citi said was 31% below consensus.Co

The Australian sharemarket fell on Tuesday, tracking broad weakness in US futures stock indices as investors turned cautious about the path of interest rates in America and Australia ahead of key labour data in the world’s largest economy.The US will release its long-awaited combined employment reports for October and November later, following delays to data collection during the longest government shutdown in America’s history. Markets expect at least two more rate reductions by the Federal Reserve next year.The S&P/ASX 200 eased 0.4%, or 36.1 points, to 8598.90, in the second consecutive session of losses. Of the 11 sectors, only industrials and consumer staples closed in the green.Rate-sensitive sectors, including tech, consumer discretionary and real estate, were among the laggards

The Australian sharemarket opened higher on Tuesday as gains by the heavyweight miners and banks offset falls elsewhere.The S&P/ASX 200 index advanced 0.4%, or by 35.10 points, to 8670.10 at 10.10am AEDT, with six of the 11 sectors stronger.Financials was the best performer, up 1.1% in early trade, with ANZ up 2%, National Australia Bank by 1.7%, Commonwealth Bank 1.4% and Westpac by 1.1%.Miners were mixed with BHP and Rio Tinto up 0.5% and 1.2% respectively as copper rose overnight as markets focused on tight supply next year, with renewed disruptions and resilient demand offsetting concerns about the global economy, ANZ says. Among gold miners, Northern Star fell 0.7%, but Newmont rose 0.7%.DroneShield rocketed 19.6% to be the market leader, as it secured a $49.6 million contract thr

The Australian sharemarket dropped on Monday after a sell-off in commodity prices hit the mining giants, with both BHP and Rio Tinto tumbling more than 2%.The S&P/ASX 200 index fell 62.3 points, or 0.7%, to 8635, tracking broad weakness on Wall Street amid investor jitters about the US tech sector. On the ASX, the materials sector was by far the biggest detractor on the bourse, leading ten of the 11 sectors into the red.That’s after copper fell more than 3% on Friday from a record high, while iron ore futures lost as much as 1.6% in Singapore to $US100.70 a tonne on Monday, after China said it would introduce a licensing system on the export of certain steel products from January.“A risk-off tone across markets weighed on sentiment across the base metals complex, with copper giving up