Aussie shares lift on Trump trade deal hopes
Cautious investors pushed the Australian sharemarket higher on Thursday on the prospect of a new Trump trade deal with the UK.
Markets
CBA cuts Aus economic growth forecast; Woodside under pressure
Banking giant trims Australia’s GDP growth forecast. Nearly 20 per cent of Woodside investors reject election of climate director. BlueScope warns of an inflation jump from President Trump’s tariffs as he spruiks deal with the UK. Aussie dollar in demand.
Big bank reveals record $11bn revenue haul
One of Australia’s biggest banks has delivered record revenues as its outgoing CEO praises ‘remarkably resilient’ Aussie households.
China’s stimulus packages suggests economic growth concerns: ANZ
China has cut interest rates and announced other economic boosters before its first trade talks with the US since US President Donald Trump’s sweeping tariffs in April. Local shares close slightly higher, bitcoin gains and the AUD is near US65c.
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Judo shares smashed as investors chase CBA
Could CBA’s surge be linked to another short trade? Shares in Platinum and L1 Capital rise on talks for an $18bn merger. Mining and energy declines weigh.
ASX hits two-month high as investors eye May rate cut
Local stocks rise for a fifth day in a row amid expectations the Reserve Bank will deliver another 25 basis points rate cut in May, as inflation hit its target range for the first time since 2021. Technology and property stocks lead gains.
ASX 200 soars to two-month high; Boss Energy, MinRes surge
Billionaire Chris Ellison-led mining giant a top gainer. ASX 200 rebound ‘looks vulnerable’: UBS. Endeavour taps former Virgin fix-it CEO. Tripp’s Betr lobs ‘funded’ bid for PointsBet.
Key issue that could sway election
Gen Z and Millennial voters are now the largest voting block in Australia and a new poll has delivered a clear warning to the major parties about what they want.
ASX 200 rises; CBA only Big Four in the red
Lynas talks up opportunity in China-US fight. Bega preps for Fonterra deal. James Hardie allays governance concerns. Tariff impacts weigh on Flight Centre, Brambles. Telix down on FDA blow.
‘Locked in’: Major bank’s big rate cut call
Households will get a rate cut in May regardless of April’s inflation reading, one major bank’s chief economist has boldly declared.
ASX 200 jumps on US-China tariff talk
The ASX 200 closed a shortened trading week in the green, following talk the US is considering stepping back on its tariff policies.
May rate cut ‘locked in’; ASX plots strong finish before Anzac Day break
Westpac’s Luci Ellis predicts rate cuts in May, Aug, Nov. Miners lead local gains. Mixed Asian markets reflect Trump trade uncertainty amid softening stance on China.
ASX soars on tariff relief hopes
Major energy and mining stocks drove the ASX 200 higher, as the United States talks peace with China.
ASX 200 mostly erases April tariff losses; gold miners dive
Trade deals optimism rises as US President Donald Trump softens stance on China, Fed chair Jerome Powell. Paladin top gainer. Safe-haven gold pulls back from its record high.
Original URL: https://www.dailytelegraph.com.au/business/markets/page/2