ASX closes out financial year 10pc higher
Domestic bourse finishes strong year despite tariff turmoil. Queen’s Wharf deal dead as Star, partners can’t resolve ‘outstanding commercial issues’. Health stocks fare best.
Markets
Gas shortfall risk sparks urgent review
Australia’s energy minister has flagged major potential changes to the country’s domestic gas market, as the ACCC warns of looming shortfalls.
Fresh chaos hits Star as talks collapse
Fresh drama has engulfed the embattled Star casino group as talks over a $1.6bn Brisbane sale collapse.
Psychedelic drugs trial gets green light
A major Aussie university and ASX-listed company will deploy psychedelic drugs to treat binge-eating in a world-first clinical trial.
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ASX rises on US-China chip deal
Australia’s share market closed higher for the sixth consecutive trading session, after seesawing throughout the day, on the back of a strong bump in energy and technology stocks.
RBA rate cut on track despite wages surprise; Insignia top loser
Annual wages rose more than expected due to public sector spending. CC Capital still keen on Insignia after Bain withdraws. ASIC lands another blow on Macquarie. Aristocrat sinks on earnings miss.
ASX jumps on latest Trump move
A rally in energy stocks has helped drive the ASX 200 to an 11-week high as investors jumped back into shares following a US-China trade deal.
Market trims ‘reset’ gains after China-US trade ceasefire
Rollback of tariffs sees local investors pile back into previously under-pressure stocks like Breville and Zip. Likely pullback in rate cuts looms as defensive stocks like Coles and Woolworths decline.
‘No Silver bullet’: Grim RBA rate call
Households need more than a rate cut to feel like they are in control of their finances with the strain on some households tipped to last until early 2026.
Surprising impact of Trump’s turmoil
Australian superannuation members are being urged to ride out the market swings on the back of Donald Trump’s presidency.
Bad news for homeowners amid RBA warning
The Reserve Bank of Australia is being urged to go easy on interest rate cuts to avoid exacerbating an issue that just won’t go away.
ASX rallies ahead of trade talks
The local market continued its cautious rally, as trade talks between the two largest economies are set to begin over the weekend.
ASX at two-month high before US-China talks; tech sector strongest
Super fund Hesta has put WiseTech on its watchlist over concerns related to chair Richard White. Macquarie’s annual profit has investors on a tear. US has de-escalatory carrot ready for weekend’s China trade talks.
Major bank slashes interest rates
Another big four bank has slashed its mortgage rates ahead of the RBA as competition among the banks heats up.
Original URL: https://www.dailytelegraph.com.au/business/markets/page/13