ASX 200 snaps five day winning streak
The Australian sharemarket has dipped on Thursday, breaking a five day streak, despite favourable retail sales data.
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.
Investors buoyed by cooling underlying price pressures. Forrest named in bombshell ExxonMobil lawsuit. Avita’s downgraded earnings guidance weighs. Computershare falls on UBS ratings cut.
The Aussie market has risen for the fourth straight day and reached a three-week high despite falling commodity prices.
The local sharemarket has turned up in thin holiday trade, with gains broadbased, despite a fresh post-pandemic low for the Aussie dollar.
Supermarket giant Woolworths is refunding customers who were overcharged as a result of a third-party error.
Another major Australian property developer has entered administration, citing difficult conditions in the country’s ailing construction sector.
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
Struggling Aussie homeowners could get a rate cut sooner rather than later as the Reserve Bank says it is “increasingly confident” about a reduction.
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.
A leading bank is expecting a spike in electricity prices until July 2025 putting further pressures on Australians.
A major bank has apologised to thousands of its customers who were impacted by an error that led to them being massively overcharged.
The ASX has tumbled to a new low after markets continued to sell off, with investors factoring in a less-than-favourable decision in the US.
Utilities, energy stocks the only bright spots as index falls to three-month low. CBA tops large-cap declines. Mesoblast down on profit-taking. Japan’s Nippon Sanso to buy Wesfarmers’ Coregas.
Original URL: https://www.dailytelegraph.com.au/business/markets/page/2