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Australia’s shares slid for the fourth straight day with a fall in banks and miners dragging the index lower on Friday.
Australia’s share market closed higher for the sixth consecutive trading session, after seesawing throughout the day, on the back of a strong bump in energy and technology stocks.
Annual wages rose more than expected due to public sector spending. CC Capital still keen on Insignia after Bain withdraws. ASIC lands another blow on Macquarie. Aristocrat sinks on earnings miss.
A rally in energy stocks has helped drive the ASX 200 to an 11-week high as investors jumped back into shares following a US-China trade deal.
Rollback of tariffs sees local investors pile back into previously under-pressure stocks like Breville and Zip. Likely pullback in rate cuts looms as defensive stocks like Coles and Woolworths decline.
Households need more than a rate cut to feel like they are in control of their finances with the strain on some households tipped to last until early 2026.
Australian superannuation members are being urged to ride out the market swings on the back of Donald Trump’s presidency.
The Reserve Bank of Australia is being urged to go easy on interest rate cuts to avoid exacerbating an issue that just won’t go away.
The local market continued its cautious rally, as trade talks between the two largest economies are set to begin over the weekend.
Original URL: https://www.couriermail.com.au/business/markets/page/16