Stock markets are ‘disconnected’ as they remain at near record highs despite surging bond yields and the outlook for interest rates and geopolitics is starting to hit market sentiment, a top strategist warns as the Australian market has its worst two-day fall in six months.
Shares took their cue from the US stock market, with the local benchmark finishing in the red for the fourth consecutive session.
Amid an uneasy calm, global financial markets await Israel’s response to Iran’s unprecedented drone and missile strike. Also today: Star falls; ASIC executive changes.
Australia’s largest hardware chain has come under fierce scrutiny over allegations it has used its market power to mistreat plant suppliers.
An expert has claimed bitcoin is officially dead as the crypto approaches its ninth consecutive month of plunging values.
Energy and utilities lead ASX losses. Westpac lifts October rate call, AGL slides amid board overhaul, Magellan falls to eight-year low and Link drops after D&D bid rebuff.
Total losses for the ASX 200 hit 5 per cent as the RBA boss says the cash rate is ‘still too low’. Markets firm on 50bp rate hike, gold miners tumble and Atlas dives after raising.
ASX lifts on energy and banks. Coronado leads coal miners rally, Star chair sorry for ‘arrogance’, Link deal get FIRB nod, Lake Resources extends losses and jobless rate rises.
The Australian sharemarket shed billions of dollars on Wednesday after huge losses in the US.
ASX 200 records its biggest daily fall since June as hot US CPI data sparks global sell-off. Nomura ups RBA rates peak Lake Resources smashed on Lilac dispute and six stocks gain.
ASX closes at a 12-day high amid broad gains. Star jumps despite being ‘unsuitable’ for licence, Link hammered on deal fears and Ramsay dumped as KKR walks.
ASX rises to its highest level this month. Nickel Industries surges, Liontown leads lithium sell-off, Atlas slips on Chicago bid and more delays for AGL’s Loy Yang A plant.
Original URL: https://www.couriermail.com.au/business/markets/page/198