Why 2024 is looking like 2023 for markets
For stocks and bonds, 2024 is in some ways shaping up like 2023, which begs the question: has the market stopped listening to Fed chair Jerome Powell?
For stocks and bonds, 2024 is in some ways shaping up like 2023, which begs the question: has the market stopped listening to Fed chair Jerome Powell?
Bullish sentiment is not quite at ‘close-your-eyes-and-sell’ levels but global fund manager optimism has hit its highest level in years.
The Australian sharemarket edged down slightly on Wednesday, as investors settled into a new narrative on inflation.
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.
The ASX 200 closed 1.6 per cent lower at a two-month low amid jitters about the fallout of the next US rate hike. Imugene, Sayona Mining and Champion Iron lead the losses. Still, Soul Patts and Viva Energy found strong support.
A viral TikTok has compared what you can rent for $400 a week in different Australian capital cities.
ASX breaks a two-day losing streak. New Hope leaps on profit surge, Brickworks bounces on upgrade, AMP falls after $14.5m fine and Kathmandu books record sales.
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.
Original URL: https://www.couriermail.com.au/business/markets/page/198