ASX snaps three-day winning streak
The Aussie sharemarket has snapped a three-day winning streak as consumer-facing stocks and an “unloved” mining sector drag the index lower.
The Aussie sharemarket has snapped a three-day winning streak as consumer-facing stocks and an “unloved” mining sector drag the index lower.
Millions of Aussies are confronting a stark budget black hole, with an economic update exposing a serious $217bn breakdown in one state’s finances.
Australian sharemarket firmed on Wednesday, as Donald Trump helped the strong performance by Australia’s tech sector and uranium shares.
Australia’s weak dollar could see inflation tick up slightly, but it is unlikely to move the RBA on its next rate cut decision, a leading economist says.
The ASX has fallen to a three-week low on Thursday as markets digested better than expected unemployment figures.
Buy-now pay-later giant Afterpay has revealed some surprising Aussie fashion trends in its latest Afterpaid report, with one colour dominating 2024.
A sharp sell-off in information technology and energy stocks dragged the Australian markets down during Wednesday’s trading.
A sharp sell-off in banking and tech stocks pushed the Australian sharemarket into the red on Tuesday, even as the heavyweight mining sector soared.
Australians are getting poorer and a leading economist has produced a simple chart that shows why.
The ASX 200 has traded down following weak investor sentiment and a key piece of US data coming out overnight.
The local market traded higher on Thursday but was unable to close above 8500 points due to a pullback in the afternoon’s trading.
A surprise jump in spending in major two areas has given early indications Aussies are starting to spend again, in spite of a high cost of living.
A leading mining figure has delivered a dark speech warning that Australians will need to “do more, move faster and work harder” to maintain prosperity.
Australian economic prospects have rarely been more bleak – and fears are growing that the dollar is headed for an almighty fall.
Original URL: https://www.dailytelegraph.com.au/business/markets/australian-dollar/page/6