ASX finishes week on a positive note
ASX has experienced its second day of gains, as the energy sector sees a boost following the changes in the core lithium and nickel industries.
ASX has experienced its second day of gains, as the energy sector sees a boost following the changes in the core lithium and nickel industries.
The Australian sharemarket has lifted for the first time this week, as the tech sector benefits from a major takeover bid.
The Australian sharemarket has lifted for the first time this week, as the tech sector benefits from a major takeover bid.
Major banks are also being impacted by the cost of living pressures and the results are playing havoc with the Aussie sharemarket.
The Australian sharemarket fell again on Tuesday as it reacts to the half year results of companies.
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Gains in utilities and materials saw the Australian sharemarket climb on Wednesday as companies announced some big news.
Australian shares surged on Friday to reach a fresh record just two days after closing at a previous all-time high.
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After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
The share market hit a new high on Wednesday as better than expected inflation figures raised hopes of an end to interest rate hikes.
The ASX came within 2.3 points of breaking its record high set almost two and a half years ago.
The energy sector propelled the benchmark higher on Monday as fears of a broadening of conflict in the Middle East intensified.
Buoyed by a rally in material stocks on Wednesday, the Australian share market edged higher to finish in the green.
Buoyed by a rally in health care stocks and a positive lead from Wall Street, the local market climbed for a third straight session – its longest for the year.
After the US benchmark index climbed to a record high, the local share market started the week on a positive note on Monday.
Led by a rally in tech stocks, the local share market finished in the green for the first time in five days, but closed out the week 1 per cent lower.
The share market extended its losses on Thursday, as property, energy and material stocks dragged the benchmark lower.
After a negative lead from Wall Street, the share market extended its losses on Wednesday with energy stocks weighing on the benchmark.
With all sectors posting declines, the local benchmark slumped to its lowest level in four weeks on Tuesday.
An acceleration of inflation in the United States and an escalation of tensions in the Red Sea pushed the benchmark lower on Friday.
Interest rate sensitive stocks buoyed the benchmark on Thursday as softer-than-expected inflation data helped offset losses in the mining sector.
Despite a cooler than expected inflation reading for November, the share market lost ground on Wednesday as iron ore miners dragged the benchmark lower.
The local benchmark continued to lose ground amid continued uncertainty over the timing and depth of rate cuts.
The first week of trading in 2024 has seen the Aussie market drop for the third consecutive day after a key mine temporarily suspended its operations.
Despite heavy losses in tech and energy stocks, the local benchmark edged higher due as health stocks rose.
Almost all of the big four banks has announced it would lift interest rates once again in response to the RBA’s Melbourne Cup hike, increasing pressure on homeowners.
A rally in tech stocks offset losses in mining and energy shares on Tuesday, pushing the benchmark into the green at the closing bell.
One state’s premier has put the embattled telecommunications provider on notice its multimillion-dollar contracts with his government are at risk after Wednesday’s blackout.
The Reserve Bank has slugged homeowners with another rate rise and a recent surge in petrol prices is partly to blame.
There’s good and bad news in the latest report on drug use in Australia, with one drug on the decline but others on the rise.
Despite the RBA hiking interest rates for the first time in five months, the ASX clawed back some of its earlier losses to finish slightly lower on Tuesday.
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Off the back of the worst week in the worst month, the ASX was up 2.2 per cent at the end of the week.
A positive lead from Wall St overnight, buoyed by the US Federal Reserve’s most recent rates pause, saw Aussie markets rise on Thursday.
New strict rules for Aussie travellers which could see their visas cancelled have been introduced.
Traders have ended the day on a high after poor results on the Australian share market earlier this week.
Australia’s biggest company is betting almost $24bn on a massive new project designed to keep a growing world fed and healthy.
With the Israel-Hamas war entering its “second stage”, the Aussie share market has fallen to its lowest level since October 24 2022.
The benchmark sank to its lowest level of the year so far as interest rate sensitive stocks tumbled on increased odds of a November rate hike.
Losses in health and consumer stocks were offset by gains from miners and energy producers to send the benchmark higher on Tuesday.
The man who leaked confidential government information to clients has been exiled from the world of Australian finance.
Fears of an escalation of the Israel-Hamas has shaved 1.2 per cent off the Australian share benchmark on Friday.
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The sharemarket has cheered the news of a mega mine deal, but environmentalists say it’s a catastrophe for the climate crisis.
Multiple strikes have broken out across Australia’s food sector, putting more pressure on an industry rocked by surging inflation. But experts have cautioned labour is not to blame for rising grocery bills at the checkout.
The Aussie share market peaked above the 7000 threshold on Tuesday after the US Federal Reserve signalled an easing of its interest rate strategy.
After oil prices tumbled and Wall Street finished higher overnight, the local benchmark ended its three-day losing streak to finish in the green on Thursday.
One state’s premier has pledged to back small business with cost-of-living relief to help them stare down interest-rates and inflation pressures.
Original URL: https://www.heraldsun.com.au/business/markets/australian-dollar/page/4