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Shares

This Month

The rebound in local shares lost steam on Tuesday.

ASX extends rebound ahead of Christmas

The sharemarket added 19.3 points in a shortened trading session, buoyed by a rally on Wall Street and hopes of a rate cut in early 2025.

  • Updated
  • Alex Gluyas
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IMF warns Australia; Rich Lister charged; Families sell $180m hotel

Read everything that’s happened in the news so far today.

Wall Street had a thin trading session ahead of Christmas.

ASX to edge higher as US big tech rallies

Wall Street slid briefly before recovering after data showed US consumer confidence unexpectedly sank for the first time in three months.

  • Updated
  • Rita Nazareth
The ASX is rallying on Monday as bargain hunters step in.

ASX records best session in six months, as bank, property stocks rally

Bargain hunters piled into the Australian sharemarket after two days of heavy selling, pushing the ASX 200 up 1.7 per cent and sending the banking and property sectors higher.

  • Updated
  • Sarah Jones

Settlement outage puts ASX in the crosshairs – again

Regulators will review a high-profile failure in the exchange’s settlement systems that hindered millions of trades last week.

  • Lucas Baird
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The IGO-Tianqi lithium hydroxide plant at Kwinana, south of Perth.

Lithium piles up at IGO’s WA refinery as demand slows

The miner is struggling to find customers for its battery material, as dismal prices cause a logjam of the product at its Kwinana plant.

  • Mark Wembridge
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ASX rebounds; News Corp sells Foxtel; Packer’s $400m Toorak project

Read everything that’s happened in the news so far today.

The ASX has been plagued by technical issues as its underlying platforms age.

ASX says it will trade as normal on Monday, narrowly avoiding disaster

The market operator had been hit by technical issues on Friday which meant that trades could not be settled. Staff worked through the weekend to fix the issue.

  • James Eyers
The best and worst ASX stocks of 2024

The stocks that did the most damage in 2024 – and the ones that ruled

One fintech darling has more than tripled in the past 12 months, but the same can’t be said for lithium stocks on the front line of the EV slowdown.

  • Joshua Peach and Joanne Tran
The ASX has been battling repeated outages at its crucial clearing and settlements platform, known as CHESS.

ASX scrambles to fix CHESS settlements outage as traders fume

At lunchtime on Friday as many stockbrokers went to end-of-year lunches, the market operator said its batch payments had failed, threatening a cash flow crunch.

  • James Eyers
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ASX falls 1pc; More Liberal chaos; Good, bad, ugly of corporate Oz

Read everything that’s happened in the news so far today.

ASX futures are pointing lower.

ASX tumbles to three-month low; ASX CHESS outage

Australian shares close at a three-month low. ASX outage hits trading. CBA down 3pc. Profit-taking knocks Mesoblast. Wesfarmers sells Coregas. Follow updates here.

  • Nicola Blackburn
Wall Street.

ASX to drop as Wall Street’s Santa rally falters

Australian shares are poised to fall as markets parse the Federal Reserve’s  projections of fewer-than-expected interest rate cuts and higher inflation next year.

  • Natasha Rudra
K2 Asset Management’s David Poppenbeek.

Fundie says this ASX non-bank lender is ripe for a rally

K2 Asset Management’s chief investment officer, David Poppenbeek, says small caps are in a “generational sweet spot”.

  • Updated
  • Joanne Tran
Plenty of CEOs have been to the US to consider how AI could change their businesses this year.

How CEOs are using AI, from driverless forklifts to bird counts

Everyone’s doing it, but are they doing it properly? Here is a fascinating snapshot of what Australian companies are doing with artificial intelligence.

  • Anthony Macdonald and James Thomson
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Chief executive Clayton Pyne says Humanforce will focus its M&A pipeline on targets in the US and UK.

PE-backed Australian tech firm swallows ASX minnow

The chief executive of Humanforce says its $17.2 million acquisition will complete its suite of human resources software.

  • Tess Bennett
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ASX dives 2pc; Shayne Elliott’s $3m bonus hit; JobKeeper ‘saved jobs’

Read everything that’s happened in the news so far today.

Bank of America forecasts that the S&P 500 will end 2025 at 6666 – a rough 10 per cent advance.

ASX to drop, $A plunges as Fed signals rate pause near

US stocks tumbled, extending losses to more than 1 per cent, after policymakers significantly pared their rate cut projections.

  • Timothy Moore
The ASX has surpassed even the most bullish forecasts this year.

The 10 biggest surprises to wrong-foot investors this year

No rate cuts, surging bank valuations and resilient iron ore prices are some of the calls that the market and experts were incorrect on over the last 12 months.

  • Updated
  • Alex Gluyas
In hindsight, Xero picked up CEO Sukhinder Singh Cassidy on the cheap. The board has renegotiated a new paypacket, which it says puts her in line with other US-based tech company CEOs.

Xero CEO’s pay rise shows how to earn corporate Australia’s big bucks

There is one way to earn the big money, and it isn’t linked to market cap, importance to Australia’s economy or even shareholder returns.

  • Anthony Macdonald

Original URL: https://www.afr.com/topic/australian-shares-5uq