Aussie shares dip in wait for US open
The Australian share market drifted lower in quiet trading on Friday as investors stepped cautiously before Wall St’s big Friday.
Markets
ASX 200 dips as miners offset health gains; Santos down
Saudi Aramco dismisses ‘inaccurate’ Santos takeover report. Samsung flags 15-fold profit jump. Bitcoin down. NIB reassures on cover amid public St Vincent’s brawl.
ASX led by New York North Star
Mining, building and financial shareholders dined out on Thursday, boosted by construction hope in China and a record run on Wall Street.
ASX 200 lifts; Santos jumps on takeover interest
Middle East takeover talks may lure other Santos bidders. $1bn Lendlease, Stockland deal hits ACCC hurdle. Magellan June flows mixed, funds under management slip. Seven’s retention bonus for Boral CEO.
ASX gains on record highs on US markets
Elon Musk becomes $10bn richer overnight, as US gains filter through to the Australian market in trading on Wednesday.
ASX 200 rises; retailers slip
May retail sales, building approvals higher than expected. ACCC’s interim nod to Armaguard save. Booktopia enters administration. AusSuper’s ‘solid’ returns. APA flags $145m Qenos hit.
Bargain hunters turn out for early sales
The ABS has released its latest data on retail trade and building approvals, and the numbers show a boost for the Aussie economy.
1400 jobs in limbo as mine fire burns
A fire at a major coalmine has caused hundreds of workers to be sent home and their futures are uncertain.
Real estate loses ground on RBA minutes
Real estate investors have taken a backwards step on the sector Tuesday, as the Reserve Bank minutes show the cash rate could be hiked again.
ASX 200 lower after RBA minutes; Liontown’s $379m Korean deal
RBA minutes show narrowing path to normal inflation. Liontown soars on Kathleen Valley funding, offtake deal with LG Energy. Union hails ‘bittersweet’ Bonza liquidation.
Aussie sharemarket falls on tech losses
Most sectors took a hit in trading Monday, with resources gains not enough to offset tech losses.
ASX 200 falls on tech losses; Lendlease soars
Anglo fire lights up rival coal miners. Brambles US chief to exit in six months over ‘cultural differences’. Lendlease to sell US military business for $480m. WiseTech billionaire’s $139.5m June selldown.
‘A joke’: ATO slammed over tax queues
Aussies rushing to lodge their tax refunds have slammed the Australian Taxation Office as a “joke” over major website delays.
AI bubble ‘bursts’ after $646 billion wipe-out
One company’s epic fall from grace has sparked fears that a major market correction is on the way.
ASX 200 lifts as ANZ, Suncorp gain on deal
Nine staff pass motion of no confidence against CEO after job cuts revealed. ANZ, Suncorp Bank gain on deal completion. IAG secures earnings volatility cover. Adore Beauty buying iKOU for $25m. Mirvac’s $2bn Sydney tower gets backer.
ANZ given green light in Suncorp takeover
ANZ Bank has been given the final approval for its $4.9bn takeover of Suncorp’s banking arm.
ASX rebounds after inflation shock
An inflation sensitive Aussie stock market fell only slightly on Thursday as it rebounded in the wake of the surprising CPI jump this week.
Aussie shares sink on inflation shock, hike fears
The Australian sharemarket tumbled on Wednesday after a shock inflation print sparked fears of a possible rate hike.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
ASX has best day in six weeks; CBA record
CBA soars, sets itself to defend class action appeal. Ex-Seven boss joins tech micro-cap. KFC operator Collins Foods rises on earnings beat. Healius rebounds from downgrade falls.
Company loses $646 billion in bloodbath
Just days after becoming the darling of the entire world, it’s turned into a bloodbath for one company.
One state Aussies are fleeing to
Finance behemoth Commonwealth Bank has released its latest economic health check on the nation and there is one state blowing everyone else away.
ASX slumps on iron ore, energy woes
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
ASX falls; Cettire drops 49pc; RMD falls
Cettire trading warning hits hard. ResMed’s big fall a drag on the bourse. Myer soars on move to buy Premier’s apparel business. Star’s troubles continue as interim CFO takes on acting CEO responsibilities.
ASX gains to close out positive week
Australian equities rose modestly on Friday to cap off a positive week buoyed by Wall St gains.
ASX jumps late; CBA retreats; MinRes dives
CBA down after intraday high. MinRes’ ‘stressed balance sheet metrics’ weighs. City Chic’s half-price raise. Guzman y Gomez falls. KMD sees ‘prolonged’ sales impact. Cash Converters ‘running down’ auto arm.
ASX flatlines as Guzman y Gomez debuts
In the biggest float in three years, the burrito merchant had a stunning performance on its first day on the ASX.
ASX flat as Guzman rockets
Fast food chain Guzman y Gomez hits high of $30.60 on listing. City Chic flags loss as sales dive. VanEck Bitcoin ETF debuts. Treasury Wine down on guidance miss. Cyan lifts MMA Offshore bid.
Aussie fast food chain’s $3bn transformation
Ever wanted to own a Mexican fast food business? Well now you can, with burrito giant Guzman y Gomez going public today in a bid to take on kingpin McDonald’s.
ASX dips in quiet trading after hawkish RBA
Hawkish remarks from the Reserve Bank haven’t rattled investors, with Wednesday recording a quiet day of trading following Tuesday’s strong advance.
ASX rallies late; energy best-on
Helia’s CBA contract update weighs. Beach hit with downgrades. Brookfield puts Aveo on market. QBE US restructuring dampens sentiment. Guzman y Gomez debuting Thursday.
ASX climbs as RBA maintains rate hold
Snapping a two-day losing streak, the sharemarket rallied on Tuesday, propelled by financial and utilities stocks.
ASX gains; RBA ‘discussed case’ for hike
RBA leaves rates on hold. Eagers Automotive director ends hiatus. City Chic halts as Blundy interest grows. Beach targets more cuts. CBA hits intraday high after Regal’s short reveal. Fortescue block trade weighs.
500 jobs at risk as company collapses
A farming business with operations across the country has entered voluntary administration, putting 500 jobs at risk.
ASX slides on tepid Chinese data
Shares got off to a poor start on Monday, with weak Chinese economic data adding further uncertainty to already cautious investors.
ASX 200 dips; Tabcorp lifts on Gill news
Ex-AFL boss McLachlan to take Tabcorp reins. China house price falls may pressure iron ore prices. Integral, Capital lock merger talks. Temasek’s $300m stake play with Betashares. Billionaire’s $62.8m selldown.
ASX drifts lower on China woes
Wall St hit fresh highs overnight but it wasn’t enough to lift Aussie equities, with the ASX200 drifting lower on extended weakness in China.
ASX 200’s worst week since mid-April; Deterra falls
Optus preps for ACMA court fight over 2022 hacking. Telix Pharma won’t pursue US IPO. Deterra’s UK buy, div policy change weighs. McLachlan wooed for Tabcorp CEO role.
Major bank’s warning on rate cut risk
One major Aussie bank has made a major call on when the next rate cut will kick in – and it’s not all good news.
ASX snaps losing streak on US CPI surprise
Australian investors have reacted positively to better-than-expected US inflation data, with new hopes the Federal Reserve could cut rates soon.
ASX 200 rises; Sigma, Aust Vintage drop
The S&P/ASX200 closes up 0.44 per cent to 7,749.70. RBA’s wait and watch continues with May unemployment rate at 4 per cent. Horror day for winemaker Australian Vintage. Sigma-Chemist union hits ACCC hurdle. ASX Ltd tanks on costs blowouts.
Major Chemist Warehouse move hits millions
A takeover deal that would affect millions of Aussies has just hit a potential roadblock.
ASX extends losses as US rate decision looms
Ahead of the US Fed’s meeting on rates, the Australian share market has recorded a loss for the second day in a row.
ASX 200 falls 0.5pc before key US events; Woodside rises
ASX 200 down for a second day before US inflation data and the Fed’s interest rate decision. Upgrade boosts Woodside. Nickel Industries dives. SkyCity Adelaide licence probe resumes. China inflation data mixed.
Grim call on rate cuts in Australia
Freshly minted RBA deputy governor Andrew Hausen has said Australia’s central bank won’t be swayed by rate cuts in Europe and Canada.
ASX tumbles ahead of Fed call
The share market shedded 1.3 per cent as investors awaited the Federal Reserve’s much anticipated meeting on Thursday for a signal on its interest rate path.
ASX drops; ANZ shifts rate cut to Feb
The local sharemarket has closed sharply in the red on market concerns that US and Australian interest rates will stay higher for longer.
ASX closes strong ahead of long weekend
The Australian sharemarket is going into the long weekend on a high, after it recorded its best week of 2024.
ASX 200’s two-week high; CBA’s intraday record
CBA hits all-time high. Nine board meets over Costello fracas. Hanwha, Austal in break fee dispute. Life360 falls after US IPO. RBA deputy governor speaks at Aus Economic Outlook lunch.
ASX climbs as Wall St resets record
After a tech-propelled rally on Wall Street overnight, the Australian share market followed suit.
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