Commodity calamity whacks ASX lower
The ASX tumbled again amid fears Chinese Covid-19 lockdowns and rate hikes will hurt global growth, with mining and energy companies particularly affected.
The ASX tumbled again amid fears Chinese Covid-19 lockdowns and rate hikes will hurt global growth, with mining and energy companies particularly affected.
The Australian sharemarket slumped again as worries over tightening Chinese Covid restrictions added to an already bleak mood for equities.
The Australian sharemarket had its worst day since Russia invaded Ukraine back in February, capping a miserable week for investors.
Volumes were subdued as ASX investors waited for Wednesday night’s meeting of the US Fed and an expected 50 basis-point rate hike.
THE Australian dollar is at a three-week high following higher-than-expected inflation figures.
THE Australian dollar has enjoyed a boost overnight after official figures showed the pace of inflation in the US slowed in June.
THE Australian dollar has drifted lower overnight as investors await inflation data and comments from Reserve Bank officials.
THE Australian dollar is higher as markets recover from news of the Malaysia Airlines crash in eastern Ukraine.
THE Australian dollar is lower after US and European stocks tumbled on news of a plane crash in rebel-held east Ukraine.
THE Australian dollar has recovered some of its losses following the release of Chinese economic data.
THE Australian dollar has moved little overnight, despite US Federal Reserve chair Janet Yellen saying interest rates could be raised sooner than expected.
THE Australian dollar is trading within a narrow range in the absence of any major economic news or data.
THE Australian dollar is hovering below 94 US cents amid easing concerns over the health of Portugal’s biggest listed bank.
THE Australian dollar has recovered some of the losses it suffered on the back of disappointing unemployment data.
Original URL: https://www.heraldsun.com.au/business/markets/australian-dollar/page/143