ASX falls from record; Fortescue exec quits
Another high-profile Fortescue empire departure. IGO hit by South32 royalties claim, broker downgrades. Business confidence falls. SkyCity ups AUSTRAC penalty provision.
Markets
ASX hits record high
The share market hit a new high on Wednesday as better than expected inflation figures raised hopes of an end to interest rate hikes.
ASX jumps to record high on rate cut hopes
Market pricing two 2024 rate cuts, from August, as inflation cools more than expected. ASX sets record intraday and closing highs. Aussie dollar drops. Judge slams Westpac penalty. IGO mothballs nickel mine.
ASX nears record high
The ASX came within 2.3 points of breaking its record high set almost two and a half years ago.
More Stories
ASX tumbles, slicing $41bn off stocks
ASX 200 falls 1.7 per cent at close as travel stocks plunge over Covid fears, CBA hikes rates for third time in six weeks, and Appen slump deepens.
Crypto fail costs people $1.4 million
Around 17,000 people who tried to use crypto to buy a rare copy of a historical document are now facing a huge bill.
ASX 200 flat in mixed trading
Australia’s share market was flat in mixed trade before Thanksgiving; EML soared on regulatory news, iron ore miners rose, banks fell.
‘Insane’: Nation spirals into crisis
The wrong kind of Turkey is inflating this Thanksgiving as economists around the globe sit stunned at record numbers hit on Wednesday.
ASX lower after day of swings
ASX closes down 0.2 per cent at at 7399.4 after mixed leads from Wall Street. Oil Search merger gets nod from ISS and Prime pitches Seven deal at AGM.
Huge blow to Harvey Norman stores
The retail giant has been unable to match last year’s Covid-fuelled spending surge as the rolling crisis whacks sales.
Bitcoin plunge destroys gold proposition
When the horror US inflation figures dropped this month, bitcoin was flagged as a possible hedge, but that’s looking increasingly unlikely.
ASX 200 up 0.8%; iron ore futures up 10%
The S&P/ASX 200 closed up 0.8% at a 5-day high, driven by miners as iron ore futures jump 10% on China stimulus hopes. Banks recovered.
ASX closes down 0.6%; travel stocks hit
ASX closes down 0.6%, Covid fears send travel stocks diving, AMP higher after $7bn fund win, Peet secures $1bn development site and Aussie dollar higher.
$5b hoard the world wants but can’t have
There’s a global shortage of a key material which could impact everything from construction to consumer goods, yet a stockpile worth $US5m sits untouched.
Original URL: https://www.dailytelegraph.com.au/business/markets/page/191