Surprise plan Aussies have for tax cut cash
Aussies are about to get a tax cut cash boost and most will ‘spend’ it in a surprising way.
Markets
ASX drops 1.1pc on CBA, retail stocks
The sharemarket has closed 1.1 per cent lower, with banking and retail stocks leading the losses. CBA records biggest fall in three weeks. Super Retail, JB Hi-Fi sales disappoint. Baby Bunting tanks.
ASX edges higher on tech, property rally
A rally in interest rate sensitive stocks on Wednesday pushed the sharemarket into the green for a fifth consecutive session.
ASX flatlines; Perpetual slammed
The market closed broadly flat, with seven of the 11 sectors in the black. Perpetual’s forgettable day after KKR deal triggers calls for chair to exit with outgoing CEO. Analyst downgrades hit Imdex. IPH bids for Adamantem-target Qantm.
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ASX extends gains as oil soars
ASX 200 extends gains for fourth day, closing up 0.3 per cent after GDP jumps in fourth quarter as US futures turn up, damping negative offshore leads. Oil prices spike.
Metals and oil boom drags ASX higher
Investors remain uncertain in the face of the Russia and Ukraine conflict but an associated spike in commodity prices helped Australia’s mining and energy sectors bounce on Wednesday.
‘World beater’: Big rap for Aussie economy
A surge in household spending helped Australia’s economy rebound in the December quarter, prompting this claim.
ASX in black amid Ukraine crisis
ASX closes up 0.7 per cent, led by energy, tech and banking stocks. RBA flags inflation ‘spike’ amid Ukraine crisis. Crown faces $1bn fine and Virtus ignores BGH on revised CapVest bid.
‘Disbelief’ as crypto does the impossible
Bitcoin has seemingly risen from the dead in a move that has experts scratching their heads as the Russian invasion of Ukraine rages on.
War doesn’t mean investors should panic
Stockmarkets saw the Ukraine war coming, and after an initial plunge they bounced back. Things may get worse, but there are lessons investors should remember.
ASX spikes amid Ukraine war
ASX finishes up 0.7 per cent as resource stocks rally, amid harsher sanctions on Russia. Zip and Sezzle to merge, Suncorp hit with $75m flood cost and BGH ups its Virtus bid.
‘Investors flee’: Big bitcoin warning
Experts think the Russo-Ukraine war has brought bitcoin to its knees earlier than expected, with a bear market already in place.
Elon Musk crashes out of the $200B club
Elon Musk saw his wealth plummet this week as he becomes the last to leave the $200 billion club.
ASX gains 0.1pc; Block rockets as Magellan falls
ASX rises slightly, but ends the week lower. Block surges on update, Magellan slumps, Incitec Pivot flags $US100m hit, Kogan dives on loss and Harvey Norman rebounds.
Original URL: https://www.couriermail.com.au/business/markets/page/190