ASX falls amid inflation watch
Local stocks started the week in the red, as investors await key economic data in coming days.
Markets
In-demand jobs with skyrocketing wages
Ten jobs that posted major wage growth last year will remain hot moving further into 2024, the chief people officer at Payscale says.
$2.3bn project held to ransom over pay demand
Striking workers have put a $2.3bn green energy build at risk over demands of a 17 per cent uplift in pay.
‘Day of reckoning’: Aussies’ chilling warning
A senior economist has warned of a “day of reckoning” amid rising inflation and interest rates, with Australians warned that a crisis could soon be on the cards.
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ASX up 1%, tech, banks stocks gain
Stocks finish 1 per cent higher, bolstered by tech, bank and energy gains. Wall Street gained after Fed signalled a possible 2022 rate hike and Evergrande concerns eased. Iron ore prices rebound.
Iron ore storms back after surprise deal
The price of iron ore has surged back as fears about Chinese property giant Evergrande eased following a surprise deal.
ASX up 0.3%, resource giants gain, insurers hit
Stocks lose ground to close just 0.3 per cent higher, driven by resource giants. Insurers IAG and Suncorp down on earthquake claim woes. China’s Evergrande strikes deal with bondholders.
ASX ends 0.4% higher, energy, IT stocks up
Stocks recover to finish 0.4 per cent higher, led by energy and IT sectors. APA shares drop 4.7 per cent amid fears of a bidding war for AusNet.
China panic: $344 billion crypto plunge
A panicked mass sell-off overnight has sparked one of the biggest price drops in cryptocurrency history. And China is to blame.
ASX plunges as iron ore price collapses
Australian investors endured a brutal day after the stock market fell to a fresh eight-month low and the price of iron ore plunged.
ASX drops 2.1%, miners hit as iron ore prices tumble
Stocks were heavily sold off, finishing 2.1 per cent lower. Investors dumped mining stocks as iron ore futures fell more than 10 per cent. Transurban to raise $4.2bn for toll road deal. AusNet gets $9.6bn bid.
Fortescue smash sinks ASX, as iron ore falls
ASX 200 recovered slightly by the close from a 1% drop after iron ore continued to freefall. Fortescue lost 11%. Iress down 10.5%.
ASX closes up 0.6%, banks, CSL, BHP gain
Iron ore futures -12% in 2 days, ASX 200 gives up early strong gains, closing 0.6 per cent higher. Bank stocks, plus CSL, BHP, South32 gain. Jobless rate fell to 4.5% but employment dived.
ASX tipped to slip, Wall Street mixed
Stocks are set to open lower as the Dow rallied but other US indexes dipped. RBA speech on economy ahead.
Original URL: https://www.heraldsun.com.au/business/markets/page/199