ASX edges higher as Coles, Woodside rally
With profit season nearing its end, the share market advanced for a fourth straight session on Tuesday.
With profit season nearing its end, the share market advanced for a fourth straight session on Tuesday.
The Australian stock market continues to see positive results despite a drop in oil prices causing headaches for the energy sector.
A dramatic boom in US tech stocks overnight pushed the local share market higher on Friday.
An expected boom in US tech stocks was not enough to lift the ASX on Thursday.
The Australian share market edged up slightly on Monday’s trading despite a dramatic fall in real estate stocks.
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.
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.
Striking workers have put a $2.3bn green energy build at risk over demands of a 17 per cent uplift in pay.
After posting strong gains in November and December, the local share market is off to a rocky start in 2024.
Original URL: https://www.news.com.au/finance/markets/australian-dollar/page/16