ASX Shares and Market News Commentary

Below is the latest hot Stock Market News and ASX Market Commentary /Summaries for the Australian Share Market and Popular Local Shares.

Weekly Market Wrap for 17th June: Rate rise fears hit Aussie shares

The Aussie share market fell sharply lower again last week after the RBA governor Glenn Stevens warned that interest rates would need to rise in the near future. The ongoing worries from Europe and the US didn’t exactly help, either. We finished the week 78 points lower, or a drop of 1.8 per cent, to close at 4,485 points.

Weekly Market Wrap for 10th June: US gloom weighs on Aussie shares

Our share market drifted lower last week, but we were spared the worst of Friday night’s meltdown in the US. We finished the week only 21 points lower, or a drop of 0.5 per cent, to close at 4662 points. The local market struggled under the weight of pessimism coming from the United States.

Weekly Market Wrap for 3rd June: US job numbers hit Aussie shares

The old adage to “sell in May and go away” remained good advice as the local Australian share market saw its worst week in three months last week. Not just that, but we also had out worst day in almost a year. Thursday’s 2.3 per cent fall was the biggest one-day drop since 7 June 2010. While the market has been gripped by negativity for most of the last month, the specific driver last week was poor employment data out of the US which derailed Aussie shares.

Weekly Market Wrap for 27 May: Australian shares back in the red

The Aussie share market lost ground again this week, its fourth losing week out of the last five. However, we saw good gains over the last two days of the week. The 4600 level, an important technical level, provided buying support and this provides us with some level of confidence that the year-long uptrend remains in place.

Weekly Market Wrap for 20 May: Aussie shares gain for first time in four weeks

The local share market finally broke its losing streak last week to close higher for the first time in four weeks. The Aussie share market was higher for three out of five days last week to close up 0.44 per cent. The commodity markets continued to experience high volatility and sharp losses near the end of the week took some of the steam out of the miners.

Market Wrap 21/4/11: Aussie dollar can’t stop Aussie market

Despite a sharp dip early in the week – after credit rating agency Standard and Poor’s warned that the US debt situation was looking increasingly unstable – our market produced another strong week of gains. And that’s with only four days to do it! As has been the case for most of 2011, the market was helped by strong commodity prices, which continued to surge in our truncated Easter week.

Market Wrap 8/4/11: All aboard! Aussie shares higher again

The Aussie share market racked up its third straight winning week as global share markets continued to surge higher. We are now seeing an extremely strong move that is typical of an April blow-off top. This could be an extreme move that results in an exhaustion reversal lower as we lead into the seasonally weak period for markets between May and September.

Weekly ASX Market Wrap 1/4/11 The big bounce continues

The local share market had another monster push higher last week as investors continued to buy stocks as worries about the Middle East and Japan receded. The Aussie share market was higher for four out of five days last week to close up 2.5 per cent.

Weekly ASX Market Wrap 25/3/11 Shares higher after Libya attack

Weekly ASX Market Wrap 25/3/11 Shares higher after Libya attack

Despite the launch of military action against the current Libyan regime, the Aussie market produced its best weekly performance in more than three months last week.

The Aussie market finished the…

LNG shares in favour after Japan Woodside, Oil Search, Santos

The devastation at the Fukushima nuclear power plant is likely to have far reaching ramifications for the energy industry. While it will take some time for the full story and impact to be known, in the near term, there is likely to be knee-jerk reaction to nuclear energy. And, as a result, LNG shares are increasingly in favour.