Aussie sharemarket closes on 100 day high
The Aussie sharemarket has closed on a 100 day high, led by consumer discretionary stocks as investors factor in rate cuts.
The Aussie sharemarket has closed on a 100 day high, led by consumer discretionary stocks as investors factor in rate cuts.
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
A smaller tech sector exposure and a strong performance from consumer discretionary stocks saw Australia finish marginally in the red, despite a sell off on Wall Street.
The ASX 200 has traded down following weak investor sentiment and a key piece of US data coming out overnight.
The local market traded higher on Thursday but was unable to close above 8500 points due to a pullback in the afternoon’s trading.
A surprise jump in spending in major two areas has given early indications Aussies are starting to spend again, in spite of a high cost of living.
A leading mining figure has delivered a dark speech warning that Australians will need to “do more, move faster and work harder” to maintain prosperity.
Australian economic prospects have rarely been more bleak – and fears are growing that the dollar is headed for an almighty fall.
The Australian sharemarket has fallen just days after cracking a record high 8500 points in a broad market sell-off on Wednesday.
Australia’s sharemarket cracked a fresh record high on Tuesday, on the back of renewed economic confidence.
Australia’s leading business body has just ranked the best and worst states and territories for commerce and a surprising state has come out on top.
Australia’s sharemarket has started the last month of the year with a strong day of trading, as new retail data was surprisingly good.
The Australian sharemarket trimmed during Friday’s trading as investors took stock of later than anticipated rate cuts.
Original URL: https://www.adelaidenow.com.au/business/markets/australian-dollar/page/8