Shares flat as inflation rebounds
Shares erased their early gains on Wednesday after firmer-than-expected inflation data took traders by surprise.
Markets
ASX gives up gains; Woodside climate defeat
Richard Goyder survives as Woodside chair but investors reject climate plan. Westpac, AMP, Citi and UBS push back rate cut timing after CPI data. Kogan dives. Star ex-CEO felt ‘under attack’ from NICC.
Fashion brand slammed for safety U-turn
A major Australian discount retailer has decided not to sign an international accord on factory safety and a women’s rights group is up in arms.
ASX advances ahead of fresh inflation print
Ahead of consumer price figures for the March quarter, the benchmark notched its second session of gains.
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ASX flat; BoQ, Coronado rally as MinRes falls
ASX ends unchanged as investors await US inflation data. Bank of Qld surges on result, Coronado up on Peabody talks, iron ore hits miners and CBA to require clients to have climate plan.
ASX drops 0.3pc; bond yields hit tech, real estate
ASX ends lower as bond yields surge and dollar falls. Mike Cannon-Brookes launches AGL board campaign, Baby Bunting dives on margins hit and Whitehaven downgraded.
Millions of Aussies owed share in $1.6b cash
“Wronged customers” are owed a share in billions of dollars due to mistakes from one sector of the economy.
ASX down 1.4pc; utilities, tech stocks weigh
A dozen stocks rally in bleak session for the ASX 200. Johns Lyng dives on CEO selldown, Pushpay gets revised takeover bid, iron ore miners gain and dollar hits April 2020 low.
ASX jumps 4.5pc for week; best gain since 2020
ASX ends session lower on broad falls. Optus faces compensation claim, Whitehaven hits record high, AGL rebuffs Cannon-Brookes board picks and bear market until 2023.
ASX flat; Pilbara, Whitehaven soar; Magellan drops
ASX consolidates after strong gains this week. Whitehaven and Pilbara hit fresh highs, Magellan plunges on outflows, Appen dives on profit warning and ERA chair resigns.
ASX soars in best two-day gain since March 2020
ASX 200 posts its best two-day gain since the start of Covid-19. Telix leads broad gains, ASIC claims Harvey Norman ‘misled’ customers and Link rallies on $1.3bn D&D offer.
Hidden victims of rates rises revealed
Countless Australians are set to be more heavily impacted by interest rates than most through no fault of their own.
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