Fresh warning bell for Aussie economy
A fresh warning bell is ringing for the Aussie economy, with one analyst saying the country has entered a “flat patch”.
Markets
Big bank’s warning on rate hold shock
Australia’s biggest bank has delivered a sharp warning about the Reserve Bank’s shock decision to hold interest rates and what it means for Aussie households.
Property stocks feel RBA hold pain; Lifestyle Communities smashed
Goodman leads real estate falls over RBA’s surprise decision. Lifestyle Communities’ worst day in years after VCAT decision. Trump’s copper tariff threat hits ASX-listed Canadian miner Sandfire.
ASX flat after RBA keeps rates on hold
In a major surprise, the Reserve Bank has kept rates on hold amid global uncertainty and lower inflation. PM flags taxpayers will ‘very soon’ underwrite a major bailout of two failing metal smelters in two states.
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RBA may opt for patience on July cut; CBA hits record close
Banks offset falls in miners with CBA up to a record high close of $182.85. Surprise 2500 dip in May jobs data. WiseTech’s long-serving directors to exit. KMD hits record low on earnings warning.
Major miners drag the ASX200 down
A slump in the price of iron ore and gold sent the ASX200 down on Wednesday, despite eight of the 11 sectors trading higher.
Santos’ Abu Dhabi bidder spruiks Aus energy focus
First comments by Santos’ $30bn bidder come as target’s shareholder backs takeover. Oil lifts as Trump weighs Middle East action. MinRes leads iron ore falls.
‘Unconscionable’: Optus cops $100m fine
Telco giant Optus has agreed to pay a whopping $100m fine for exploiting hundreds of vulnerable and disadvantaged Australians.
‘Unconscionable’: Optus cops $100m fine
Telco giant Optus has agreed to pay a whopping $100m fine for exploiting hundreds of vulnerable and disadvantaged Australians.
Middle East tensions fuel oil price volatility; ASX flat
Chalmers won’t preempt FIRB advice on Abu Dhabi’s near-$30bn takeover play for Santos. US forces deployed to region amid Israel, Iran attacks. Blow for Albanese as Trump plans hasty G7 exit.
‘Perilous’: Chalmers’ inflation warning
Motorists are being warned it is “inevitable” they will be paying more for fuel in the coming days, while Treasurer Jim Chalmers says there could be issues for the economy.
Market flat; takeover offers boost THL, Santos
Bourse operator faces ASIC inquiry over ‘repeated, serious failures’. Israeli strike success boosts Wall Street futures: IG. National interest of Santos deal up to Chalmers: Coalition.
Original URL: https://www.couriermail.com.au/business/markets/page/8