ASX rebounds as investors reassess rates
While bond traders have sharply revised their interest rate bets, equity investors appear unconvinced that a resumption in hikes is likely.
Markets
ASX 200 up; WA mine closure; Crown job cuts
Share market rises on US futures gains. Crown Resorts job cuts. WA nickel mine closure. Lawyers claims Super Retail board knew of CEO affair. New Star chair says David Foster ‘had to go’.
ASX dives as RBA rate hike in play
After stronger than expected economic data, traders have built up bets that the Reserve Bank could hike interest rates again.
ASX 200 slumps as Anglo rejects BHP bid
The local sharemarket closed down 1.4 per cent on Friday. Anglo American rejected BHP’s takeover bid. Scott Farquhar stepping down as Atlassian co-CEO. Super Retail Group faces $30m-$50m workplace claim.
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ASX drops 1pc on tech; Woodside soars on upgrade
ASX ends lower on falls led by tech and miners. Woodside rockets on guidance upgrade, iron ore outlook gloomy, New Acland stage 3 gets water licence and McGrath downgrades earnings.
ASX gains on Pilbara, Star; Megaport dives
ASX ends at a two-week high. Lithium stocks rally, Megaport sinks on update, Qantas hits pre-Covid high, Telstra restructure approved and Medibank contacted by group over breach.
Insane price for ‘room with a poo’
The weekly rental price for this Sydney studio has jumped $140 in two years despite the room having one “disturbing” feature.
Five big shifts investors ‘should be watching’
An expert has revealed the five big tech shifts that investors should be watching over the next few months.
ASX jumps 1.7pc; tech rockets; St Barbara dives
ASX soars as US futures rally. Tech enjoys biggest gain in four weeks, St Barbara hammered on downgrade, Adbri hits 18-year low and Zenith places Magellan under review.
ASX falls; Adbri dives 22pc, iron ore miners drop
ASX ends down on broad losses. Core Lithium leads lithium rally, Adbri hammered on profit warnings, iron ore edges towards 12-month low and dollar could hit US58c.
ASX soars 1.8pc on energy, but ends week lower
ASX rises in its biggest daily gain in more than a week. Qantas rallies on upgrades, Woodside leads big energy gains, IAG to access impact of High Court call and Domino’s roars.
ASX reacts to ‘stunning’ Wall St rally
Australia’s share market has reacted to one of Wall Street’s largest intra-day turnarounds in history, surging 1.8 per cent.
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