ASX slides on Woolworths, Platinum results
Supermarket giant Woolworths and the major miners have sent the Australian share market down to a new six week low on Wednesday.
Supermarket giant Woolworths and the major miners have sent the Australian share market down to a new six week low on Wednesday.
The ASX 200 fell on Tuesday as US President Donald Trump confirmed tariffs and major businesses missed the mark during reporting season.
Commonwealth Bank boss Matt Comyn has backed cash, saying his bank will provide it to customers even as customers preferences change.
Domino’s Pizza has swung to a loss in the first half of the year as the pizza maker announces plans to simplify the business.
The ASX200 snapped a five day losing streak, but cracks are still appearing as more companies are missing the mark this reporting season.
Australia’s sharemarket finished in the red on Friday as consumer discretionary and financials continued to weigh on the local market.
The major banks and miners continued to slump on Thursday, dragging the Australian share market to its lowest point in five weeks.
It’s only going to get worse for Aussie savers already on their knees after the Reserve Bank’s decision to cut interest rates.
The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.
Aussies are tipped to be a little richer at the end January, as superannuation funds have a ‘flying start’ to 2025.
A slump in the big banks and energy stocks pushed the Aussie market into the red on Tuesday, as the RBA struck a note of caution following its long-awaited rate cut.
Unions and interest groups ratcheted up the pressure on the Reserve Bank ahead of its decision to cut interest rates.
Banks weighed on the ASX on Monday with disappointing earnings updates from Westpac and Bendigo Bank pushing the index to the red.
Competition among mortgage providers has spurred a big four bank to cut its variable interest rates ahead of tomorrow’s RBA decision on the cash rate.
Australia’s sharemarket continued its rally higher on Friday as traders factored in a more reserved Donald Trump on US tariffs.
Banks are cutting one particular offering as they gear up for the Reserve Bank of Australia to do the same to the cash rate.
The Aussie market finished at a new high on Thursday, helped by the listing of the mega Chemist Warehouse–Sigma Healthcare merged business.
Uncertainty over US President Donald Trump’s current tariff policies could push back the RBA’s plans to cut rates in February, economists warn.
The Australian sharemarket closed at a record high on Wednesday off the back of strong share price growth from the major banks.
CBA has announced an eye-watering half-yearly profit despite citing cost-of-living concerns for customers.
A major fall in the healthcare sector dragged the ASX 200 down as the market factored in the latest update in US President Donald Trump’s tariffs.
A petition to save cash through guaranteeing access to the tender and relevant banking services has surpassed 200,000 signatures.
Another major financial institution has changed its rates ahead of the Reserve Bank of Australia’s decision on the official cash rate.
Malcolm Turnbull says Australia should not expect the US to not impose tariffs just because of the “special relationship” between the countries.
The Aussie sharemarket fell heavily on Monday as traders reacted to the latest round of tariffs and the impact they could have on the domestic market.
New legislation is holding Buy Now Pay Later providers to Australian credit licence standards in an attempt to protect consumers.
The Australian sharemarket traded relatively flat on Friday as the market waits for a key piece of data that could determine when the US Fed will cut interest rates.
The Australian sharemarket closed just off a record high on Thursday, as renewed optimism in the US-China relationship, spurred a rally in key stocks.
Nationals leader David Littleproud has hit out at Coles after the supermarket giant flagged a cull in its product range, claiming prices at the checkout would rise.
The Australian market broke a two-day winning streak on Wednesday as markets saw through US-China trade tensions.
Original URL: https://www.news.com.au/finance/markets/australian-dollar/page/5