Major Aussie bank soars as ASX trades flat
Banks have soared and the miners have fallen on a mixed day of trading on the Aussie sharemarket, as the market anticipates a third interest rate cut.
Banks have soared and the miners have fallen on a mixed day of trading on the Aussie sharemarket, as the market anticipates a third interest rate cut.
Australia’s sharemarket slid during Monday on fears the Middle East conflict could escalate but the falls were limited thanks to one banking juggernaut.
As the Iran-Israel conflict worsens, motorists are being urged to take advantage of cheaper fuel prices today before it’s too late.
Alarm bells are ringing for a major ASX-listed fashion business as a brutal Trump slump and inflation shock smashes share prices.
A rally in the commodities sector and a strong result from a major bank drove the ASX 200 higher during Wednesday’s trading.
The ASX 200 closed marginally lower during Tuesday’s trading as the major banks and healthcare drag the market down.
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.
Original URL: https://www.couriermail.com.au/business/markets/australian-dollar/page/12