ASX rebounds as Middle East tensions fade
Markets regained their composure on Monday after an apparent easing in hostilities between Iran and Israel.
Markets regained their composure on Monday after an apparent easing in hostilities between Iran and Israel.
Firmer than expected unemployment data failed to ease concerns that the RBA will hold interest rates steady through to 2025.
The Australian sharemarket edged down slightly on Wednesday, as investors settled into a new narrative on inflation.
Shares took their cue from the US stock market, with the local benchmark finishing in the red for the fourth consecutive session.
Australia’s largest hardware chain has come under fierce scrutiny over allegations it has used its market power to mistreat plant suppliers.
Australian shares slipped on Monday trading as investors price in rising geopolitical uncertainty in the Middle East.
Softer-than-expected producer price data failed to ease the concerns of inflation-worried investors.
Hundreds of workers will strike for 24 hours in a long-running pay dispute with an electricity giant after the company allegedly rejected a new offer from the union.
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.
Original URL: https://www.news.com.au/finance/markets/australian-dollar/page/3