ASX finishes week on a high
All 11 sectors fared well on the last day of the ASX trading week, with several companies reaching record highs across the day.
Markets
Wesfarmers’ record high helps lift ASX 200
Bourse has best weekly gain in five weeks, up 0.7 per cent. McDonald’s Australia annual sales up 7 per cent. Wesfarmers hits record high. Path to low inflation ‘not yet’ secure: ex-RBA boss. Macquarie falls. Block jumps.
ASX lifts after Fed rates news
Australian shares notched a tepid bounce on Thursday following some dovish rhetoric from the US Fed and positive sentiment around half-year results from NAB.
Banks boost ASX 200; Woolies, Bapcor fall
Major banks gain after NAB results, buyback. Pexa jumps on NatWest deal. Investors dump Bapcor after profit warning. Woolworths sales disappoint, boss says Coles ‘out-traded us’. US investigation hits Block.
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ASX ends down; Domino’s, Pendal shares dive
Stocks close sharply lower. Woolies shares on track for new low. Bravura sinks on earnings downgrade. A2 Milk soars on US formula nod. Perpetual books gains on Regal bid rejection. Austrac orders Sportsbet, Bet365 audits.
ASX in free fall after ‘jumbo’ rate hike
The Australian share market has plunged sharply following Wednesday’s “jumbo” rate hike by the US Federal Reserve.
‘Severe recession’: RBA’s grim warning
RBA Governor Philip Lowe has issued a dire message about the consequences of inaction amid rising interest rates and a cost of living crisis.
ASX closes up; Medibank stocks among top risers
Local stocks end the day higher led by materials and energy gains. CBA hikes home loan, savings rates. Loan values fell in September. Rio lifts after winning over Turquoise investors. Inflation boost for Amcor. AGL up as Cannon-Brookes wins backing in board battle.
ASX roars to seven-week high after RBA hike
Stocks jump 1.7 per cent to close at a seven-week high after the Reserve Bank raised the cash rate by 25 basis points to 2.85 per cent, its seventh-straight hike in a bid to curb inflation. But Australian dollar and bond yields lost ground.
ASX up 6pc in October, best in 11 years
ASX 200 finished nearly 1.2 per cent higher, led by tech and consumer discretionary stocks. The market is up 6 per cent in October, the best in 11 years. Investors await RBA’s rate news on Melbourne Cup. EML shares tank on UK regulatory woes.
Apple’s surprise stock price leap
Apple has ended the week with a sizeable gain on the US stock market, despite the tech giant’s iPhone sales falling bellow estimates.
Billionaire watches his fortune disappear
The Facebook founder has now officially lost more money than anyone else in the world in the past 13 months.
Original URL: https://www.couriermail.com.au/business/markets/page/192