ASX slides during Friday’s trading
The Australian sharemarket traded relatively flat on Friday as the market waits for a key piece of data that could determine when the US Fed will cut interest rates.
The Australian sharemarket traded relatively flat on Friday as the market waits for a key piece of data that could determine when the US Fed will cut interest rates.
The Australian sharemarket closed just off a record high on Thursday, as renewed optimism in the US-China relationship, spurred a rally in key stocks.
Nationals leader David Littleproud has hit out at Coles after the supermarket giant flagged a cull in its product range, claiming prices at the checkout would rise.
The Australian market broke a two-day winning streak on Wednesday as markets saw through US-China trade tensions.
The chances of an interest rate cut in early 2025 are falling faster than the Aussie dollar, with experts saying the drop in our currency could cause the Reserve Bank to baulk at a cut.
Banks, consumer discretionary and information technology stocks have slumped during a broad market sell-off on Monday.
A share sell-off in the banking and consumer staples sectors saw the Australian market trade heavily in the red on Friday.
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.
The Aussie market has risen for the fourth straight day and reached a three-week high despite falling commodity prices.
An Australian bank has been slammed for “cash grabbing” after launching a controversial $2.50 fee for customers accessing their own money.
ASX eked out tiny gains during Monday’s trading as rises in property trusts and information technology stocks beat falls in iron ore miners.
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The ASX 200 had a strong opening trading day for 2025, led by growth in the energy, materials and property sectors.
Original URL: https://www.goldcoastbulletin.com.au/business/markets/australian-dollar/page/4