Property, energy stocks lead ASX 200 gains
The local bourse closed the week on an upbeat note, boosted by uranium and oil stocks as the major miners declined.
The local bourse closed the week on an upbeat note, boosted by uranium and oil stocks as the major miners declined.
The ASX 200 had a strong opening trading day for 2025, led by growth in the energy, materials and property sectors.
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.
Surprise inclusions in RBA’s new-look monetary policy board; new governance board members named. Data centres-focused DigiCo continues to decline. HSBC sued for alleged scam fails. China slump a blow to Treasurer’s mid-year budget update.
Australian treasurer Jim Chalmers says the budget will likely be blown out by billions in part due to funding this project.
DigiCo flops on in subdued start to public life. Insignia considering Bain’s $4 per share bid. Iress promises to reinstate dividends. Rio to spend $US2.5bn on new lithium mine in Argentina. Premier’s FY25 start ‘challenging’. China stimulus talk disappoints
Westpac says the peak of the cost of living crisis could be behind us with the number of Aussies needing the bank’s help to pay their loans falling.
The ASX has fallen to a three-week low on Thursday as markets digested better than expected unemployment figures.
The chance of an early rate cut fades after the jobless rate fell to 3.9 per cent. Qantas strike may disrupt holiday plans. AUD lifts. Downer and Ventia hit by ACCC lawsuit over price fixing cartel allegations. Peter Warren tanks on profit warning.
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.
ASX 200 hits three-week low before US CPI data. Resolution-MLC merger in Nippon’s $US8.7bn buyout plan. Cement Australia buys BGC arm. ASIC sues Rex directors. Bets up on RBA rate cut in February. 2024’s biggest float DigiCo’s ‘overpriced’.
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.
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