Australian market set to open lower
THE Australian market looks set to open lower following falls on Wall Street and further declines in the price of oil.
THE Australian market looks set to open lower following falls on Wall Street and further declines in the price of oil.
At 0645 AEDT on Tuesday, the share price index was down 18 points at 4,931.
Locally, no major economic or equities news is expected on Tuesday.
In Australia, the market on Monday closed nearly two per cent higher, posting gains for a third straight session, as a strong rise in oil prices lifted markets worldwide.
The benchmark S&P/ASX200 index was up 90.6 points, or 1.84 per cent, at 5,006.6 points.
The broader All Ordinaries index was up 87.5 points, or 1.76 per cent, at 5,057.1 points.
Aussie shares bounce to record high
Australia’s sharemarket has surged to a record high shortly after the opening bell, as investors grow giddy about a possible trade deal.
Qantas announces major Asia shake-up
Qantas has announced it will close Jetstar Asia as part of a “strategic restructure” aimed at strengthening its core domestic and New Zealand business.
ASX sets record close as banks soar
The Australian sharemarket closes in on a record high during Tuesday’s trade as banks and tech stocks soared.