ASX falls during Friday’s trading
A share sell-off in the banking and consumer staples sectors saw the Australian market trade heavily in the red on Friday.
A share sell-off in the banking and consumer staples sectors saw the Australian market trade heavily in the red on Friday.
The Australian sharemarket has dipped on Thursday, breaking a five day streak, despite favourable retail sales data.
Fresh inflation data has given the Australian share market a boost, with trading up on Wednesday.
The Aussie market has risen for the fourth straight day and reached a three-week high despite falling commodity prices.
Aussie shares rallied on Wednesday as the US vote count rolled in showing former President Donald Trump on a clear pathway to victory.
The Australian sharemarket slipped on Tuesday ahead of Wednesday’s seismic US Presidential election.
The Aussie share market rallied strongly off the back of an unexpected polling result out of the US.
The ASX closed down 0.50 per cent on the final trading down of the week, following a horrid day on Wall Street with big tech earnings falling sharply.
The ASX closed down 0.25 per cent as supermarket giants Coles and Woolworths announced weaker than expected sales.
The ASX closed down 0.8 per cent as investors factored in the unlikely chance of getting a rate cut following fresh inflation data on Wednesday.
The Aussie dollar is on track for its worst month since September 2022 as markets price in a win for Donald Trump in next week’s US Presidential election.
The ASX closed up 0.3 per cent for the third straight day, as investors wait for clarity from global markets.
A weaker than expected Aussie dollar and uncertainty around the US election led to a quiet trading day on Monday.
The ASX closed trading up slightly on Friday, but it still fell 0.88 per cent for the week.
Original URL: https://www.dailytelegraph.com.au/business/markets/australian-dollar/page/10