ASX tumbles on big bank, Woodside woes
A slump in the big banks and energy stocks pushed the Aussie market into the red on Tuesday, as the RBA struck a note of caution following its long-awaited rate cut.
Markets
RBA delivers ‘hawkish’ rate cut; ASX down
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.
Cult beauty brand reveals huge plans
Cult online beauty retailer Adore Beauty is riding a lift in revenues as it begins rolling out a bold plan to open more than 25 brick-and-mortar stores across Australia.
ASX pares losses; Bendigo Bank, Westpac lead bank falls
Margin pressures dent Westpac, Bendigo Bank earnings. BlueScope, A2 Milk lift on results beat. Star investors buoyed by new financing offer from Oaktree. Audinate leaps as cost controls improve earnings.
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ASX falls despite commodity boost
The Australian sharemarket slipped on Friday, despite a positive boost for the country’s commodity sector on the back of results out of China.
ASX 200 sheds 0.2pc as banks fall; Insignia, Lovisa gain
Banks weigh after a bearish note from Citi. Miners supported after China’s GDP surprise. Rio Tinto, Glencore reportedly in merger talks. Insignia soars after CC Capital outbids Bain. Lovisa gains on broker upgrade.
Gerry Harvey’s big call on Temu
One of Australia’s high profile retail billionaires has called for a “government inquiry” into discount Chinese online retailers Shein and Temu.
ASX rises on falling US inflation
The Aussie sharemarket surged on Thursday, thanks to new data and led by the major banks and information technology stocks.
ASX 200 ends up 1.4pc on US rebound; CBA still tips Feb rate cut; Zip rises
Economists divided over Feb rate cut forecast after 56,000 jobs boost. Rio rises after ‘good finish’ to 2024. Zip jumps after Sezzle earnings upgrade. Star edges up. Softer US core inflation boosts equity sentiment.
Mixed markets sees ASX close in red
The Aussie market closes down despite a positive start to trade across the board, as investors look ahead for jobs data and US inflation updates.
ASX 200 ends down 0.2pc; WiseTech sold off; Premier, Myer build on losses; Arafura soars
WiseTech shares dive on heavy volume amid suspected institutional selling.Independent expert backs Premier, Myer deal after recalculations. Billionaire Rinehart-backed Arafura gets fresh Labor buy-in. Macquarie to invest in US data centres. Cash-strapped Star ticks up amid Macau intrigue. Billionaire’s takeover interest fires up AVJennings.
Tanking dollar sparks fear in Aussies
Aussie households are increasingly worried about a weakening currency and their job outlook, as the wait for an interest-rate cut becomes unbearable.
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