Hot US inflation print rattles ASX
With US inflation proving more stubborn than expected, traders are increasingly concerned rate cuts will be delayed.
With US inflation proving more stubborn than expected, traders are increasingly concerned rate cuts will be delayed.
A rally in material stocks helped push the benchmark into the green, as investors awaited fresh inflation data due Wednesday evening.
Aussies are battling explosive house price growth with a smart new trick that means they can buy a property without moving out into the boondocks.
Australia’s largest precious metals mint will celebrate 125 years in operation with the release of five special coins, including a gold coin with a mintage of just 500.
Australia’s largest retailer is going direct to the world’s top start-up companies to keep Aussie supermarkets at the forefront of emerging tech.
While the benchmark edged only slightly higher, key members on the share market swung wildly in trading on Monday.
With the benchmark finishing in the red for three of the past four sessions, the sharemarket dipped 1.6 per cent this week.
Taking its lead from Wall Street, the local benchmark slipped as rate cut expectations continued to unwind.
After resetting its intraday record, the benchmark edged lower as traders grew skittish.
Ahead of key inflation data at home and abroad, Australia’s share market slipped on Tuesday as investors took profits.
Ten of 11 sectors on the ASX ended the day in the green, with rate-sensitive real estate stocks and positive sentiment around Chinese growth propelling the uplift.
The ASX booked a ‘relief rally’ on Thursday on the back of a US Federal Reserve meeting that maintained its outlook for three rate cuts in 2024.
The Australian sharemarket has edged lower after a day of choppy trading as cautious investors await the all-important US Federal Reserve meeting.
Australia’s surging mining giants pushed the ASX higher on the day the Reserve Bank left the cash rate unchanged.
Ahead of the Reserve Bank’s second meeting for the year, the share market edged higher on Monday even as property stocks lost ground.
Aussie equities fell on Friday, as iron ore dragged and investors grappled with hotter-than-expected US inflation data.
Snapping a two-day winning streak, Australian shares sank on Thursday.
A leading Australian retailer has announced its newest chief executive on the same day it revealed half-year profits of more than $50m.
Local shares rose on Wednesday, led by retail and bank stocks, after a positive lead from Wall Street.
The Australian market was quiet as investors waited for key US inflation data, which will provide fresh insight on where the Fed Reserve moves on rates.
Buoyed by the financials sectors, the Australian sharemarket raced ahead to close out the week at an all-time high.
Buoyed by a bumper session for Australia’s largest retail bank, the benchmark set a record close on Thursday.
The benchmark eked out a 0.1 per cent gain on Wednesday after the financials sector rallied late in trading.
Shares slipped for a second straight session on Tuesday as consumer stocks weighed on the benchmark index.
Shares slipped on Monday as iron ore miners sank and fears intensified of a weaker-than-expected GDP reading in the final three months of 2024.
The local share market was off to a record breaking start in March, as fresh highs on Wall Street and positive manufacturing data from China bolstered the benchmark.
The ASX surged to a near record high on Thursday after soft inflation and retail data suggested an end to the RBA’s rate hiking cycle.
One of Australia’s biggest banks has just announced a new round of job cuts, with some of the positions set to move offshore.
Despite fresh inflation data showing consumer prices held steady in January, the share market edged lower on Wednesday.
With profit season nearing its end, the share market advanced for a fourth straight session on Tuesday.
Original URL: https://www.news.com.au/finance/markets/australian-dollar/page/15