ASX snaps seven day winning streak
Australia’s sharemarket has snapped a seven day win streak on the back of a major bank and oil deal.
Australia’s sharemarket has snapped a seven day win streak on the back of a major bank and oil deal.
They haven’t been implemented yet, but just the threat of Donald Trump’s US tariffs is damaging some of Australia’s biggest businesses.
The ASX 200 has capped off an $85bn week on the back of renewed hopes tariffs could be walked back.
A surge in technology and real estate stocks helped drive the ASX 200 higher, despite fears of a slowing US and Chinese economy.
A jump in the banking and consumer discretionary stocks helped push the ASX into the green on Wednesday as investors factored in a rate cut in May.
Soaring energy, utilities and information technology stocks drove the ASX200 higher on an overall positive day for the market.
The ASX200 continued to trade higher on Monday on the back of renewed hope of a tariff back down.
A leading economist predicts struggling Aussie mortgage holders will get much-needed rate relief next month, as the RBA turns its focus to this new threat.
The ASX 200 closed a shortened trading week in the green, following talk the US is considering stepping back on its tariff policies.
Major energy and mining stocks drove the ASX 200 higher, as the United States talks peace with China.
Australia’s stock market has recovered from a sharp fall at the start of trading thanks to the banks and major mining companies.
A surge in energy stocks and Australia’s major miners has driven the ASX 200 higher.
Original URL: https://www.couriermail.com.au/business/markets/australian-dollar