ASX flat on new inflation narrative
The Australian sharemarket edged down slightly on Wednesday, as investors settled into a new narrative on inflation.
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.
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.
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.
Miners and energy lead ASX gains. NAB and ANZ hike home loan rates, MinRes soars as it mulls spin-off, Nuix says no takeover bid and FTSE 100 rallies after the Queen’s death.
ASX enjoys one of its best sessions this year as the RBA hints at smaller rate hikes ahead. Tyro rockets on bid rebuff, iron ore rebounds and banks tip 25bp rate rise in October.
ASX hits seven-week low as materials and energy weigh. ResMed soars on high volume, New Hope shareholders in climate push, APA buys Basslink and Metcash sees sales jump.
Original URL: https://www.couriermail.com.au/business/markets/page/199