ASX edges higher as miners rally
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 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.
A privately held coal company has slipped into administration just two days after Christmas, putting the livelihoods of about 300 people at risk.
Fears that central banks will not cut interest rates as aggressively as anticipated stoked a broad selloff on the benchmark on Wednesday.
The share market finished higher in its first day of trading for 2024, with the benchmark index just five points away from reaching its all time high.
Aussie travellers will soon be hit by a new tax when trying to visit one of the nation’s most popular holiday destinations.
The local benchmark sank in its final session of the year, as investors looked to lock in some profits to cap off a solid December run.
Australian shares continued to advance on Thursday as a rally in the materials sector pushed the benchmark to close just 14.6 points below its record high.
Australians have just four days left to potentially claim thousands of dollars back in health cover costs. Here’s what you need to know.
In its first trading session after Christmas, the share market rallied on Wednesday as iron ore miners tracked gains in commodity futures.
Despite gains in energy and real estate stocks helping to offset a drag in consumer staples, the sharemarket finished flat on Friday.
The local share market lost ground on Thursday, as profit taking by traders led to a sell off in technology and real estate stocks.
Australian shares advanced on Wednesday, as a record breaking session on Wall Street helped propel the local market to just 1.2 per cent below record levels.
The Aussie share market climbed to its highest level since February 10 on Tuesday, as material and energy stocks helped drive the benchmark higher.
While the Australian share market lost ground on Monday, led by a fall in real estate stocks, billions worth of deals were lobbed or closed.
In a week dominated by expectations of rate cuts from the US Federal Reserve in 2024, a rally in mining and energy stocks pushed the benchmark to a 20-week high on Friday
An Australian bank has delivered a surprising gift to new home hunters just before Christmas.
The Aussie share market finished sharply higher on Thursday after the US Federal Reserve kept rates on hold and signalled cuts in the months ahead.
The ASX has closed flat but the big news is the surge in Sigma Healthcare’s share price on continued merger news with Chemist Warehouse Group.
Original URL: https://www.news.com.au/finance/markets/australian-dollar/page/6