June 2021
Tech lifts ASX to 0.1 per cent gain
Australian shares finished the week at 7368.9; Fair Work takes legal action against Woolies; Bubs launches into US formula market. Follow the latest here.
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ASX slides; Coles shares sink, miners hammered
The ASX ends lower after an impressive jobs report in May was overshadowed by FOMC rate hike expectations. Whitehaven and Northern Star sank along with Coles. IT outages hit most of the big four banks.
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RBNZ opens fresh front in house price war
The Reserve Bank of New Zealand is ramping up efforts to cool the red-hot New Zealand housing market with a push to introduce a debt-to-income limit for property borrowers.
New ASX record; China commodity price curbs; IAG claims rise
Australian shares eclipse Tuesday’s record; Wall Street muted ahead of Federal Reserve meeting; RBNZ flags home lending curbs.
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Billionaires line up against Fed ahead of meeting
The Federal Reserve’s monetary policy meeting this week is shaping up as a crucial milestone as another heavyweight investor attacks the Fed’s relaxed stance on prices.
ASX advances; CBA, Mineral Resources at record highs
The Australian sharemarket closed at a record high; Austal falls on earnings downgrade; Oaktree revises Crown bid; RBA minutes reiterate rate guidance. Follow the latest here.
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ASX closes at record high
Australian shares have finished the week at a record high of 7312.3, rising 9.8 points during Friday’s session. Follow the latest here.
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ASX closes at a new record; Iress surges, tech stocks rally
The ASX hits a fresh record close ahead of tonight’s crucial US CPI data. Iress soars 17pc in a buoyant tech sector but A2 Milk and Oil Search lose ground. ANZ expects the RBA cash rate to hit 0.5pc by the end of 2023.
China producer prices surge but CPI disappoints
China’s producer price index surged to a 12-year high in May, while consumer prices continued to disappoint, with factories unable or reluctant to pass on the increases.
ASX closes lower; Brickworks soars; Banks boost GDP targets
Australian shares ease lower; iron ore price increases to nearly $210; Brickworks prepares for record profits from property unit.
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RBA policy settings too loose for the times
Australia’s monetary settings are far too loose for the reality of rising house prices and the brewing inflation risks, according to a poll conducted by Fitch.
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ASX ends higher; tech stocks lead rally
Australian shares closed higher on Tuesday; Superloop to acquire Exetel for $110m; NAB business conditions reset record high. Follow the latest here.
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Four rate hikes expected by mid-2024
Australia’s robust economic recovery, which has merited an upgrade to a “stable” footing from ratings agency S&P Global, has been matched by enthusiastic bets on interest rate hikes.
ASX dips; Victoria lockdown could cost Vicinity $26m
Australian shares are trading lower; AUSTRAC investigates NAB, Star, Crown, SkyCity; Altium soars on Autodesk takeover rejection. Follow the latest here.
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How to invest at a record high
We’ve come to an important juncture for investors, but fund managers have very different views on the outlook for the economy and markets - and on the best way to invest.
ASX finishes week at record closing high
The Australian sharemarket finished Friday’s session at a record closing high; gold miners retreat; Aussie dollar drops over 1pc. Follow the latest here.
ASX closes at record high; energy stocks soar
The Australian sharemarket closed at a new record high; retail trade rises 1.1 per cent, trade balance up to $8.03 billion. Follow the latest here.
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Tesla is going to zero. Or is it?
Rajiv Jain of GQG Partners and T Rowe Price’s Scott Berg squared up over Tesla at the Morningstar Investment Conference in Sydney.
ASX hits record; RBA’s Lowe to give taper talk
The ASX closes 1.1 per cent higher at a new record after March quarter GDP blows away economist forecasts and investors shrug off Melbourne’s new lockdown. Santos and Origin led energy sector gains.
China PMI shows hoarding, shortages in May
China’s factories stayed in expansion mode in May but also experienced intensifying price pressures and supply chain disruptions.