ASX dives after Wall Street bloodbath
The Australian sharemarket did little to recover after it shed billions of dollars on Thursday morning, with retail stocks in a tailspin.
The Australian sharemarket did little to recover after it shed billions of dollars on Thursday morning, with retail stocks in a tailspin.
The technology sector was a sea of red after worrying data spooked investors and sent the sharemarket to a five-month low.
A worrying sharemarket sell-off resumed on Thursday in the wake of concerning US data, with one particular tech stock savaged.
Gains for the major miners helped the Australian sharemarket avoid a fourth straight loss and consolidate its position above the 7000 level.
THE Australian dollar is higher, getting a boost from a one per cent rise in the gold price and a better outlook for the Chinese economy.
THE Australian dollar is lower after US stocks lost almost one per cent on concerns that the conflict in Ukraine could worsen.
THE Australian dollar is higher after US stocks recovered some ground after last week’s losses.
THE Australian dollar is higher after US employment growth in July was weaker than expected.
THE Australian dollar has fallen below 92 US cents for the first time in two months, pushed down by big falls in European and US stock markets.
THE Australian dollar is lower after the release of strong US economic growth figures.
THE Australian dollar is slightly lower amid more signs the US economy is improving.
THE Australian dollar is higher, amid signs that the Chinese economy is recovering from its slump of recent months.
THE Australian dollar has drifted back below 94 US cents following positive economic data out of the US.
THE Australian dollar has drifted lower following positive US unemployment data.
Original URL: https://www.heraldsun.com.au/business/markets/australian-dollar/page/142