ASX climbs as RBA board discusses rates
Ahead of the central bank’s impending interest rate decisions, investors on the Australian share market were in an upbeat mood.
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Ahead of the central bank’s impending interest rate decisions, investors on the Australian share market were in an upbeat mood.
All 11 sectors fared well on the last day of the ASX trading week, with several companies reaching record highs across the day.
Australian shares notched a tepid bounce on Thursday following some dovish rhetoric from the US Fed and positive sentiment around half-year results from NAB.
Aussie shares slumped on the first day of the new month as anxieties mount about US inflation and interest rates.
Aussie stocks edged higher on Tuesday after a slump in retail sales pushed back fears of impending rate hikes.
While bond traders have sharply revised their interest rate bets, equity investors appear unconvinced that a resumption in hikes is likely.
After stronger than expected economic data, traders have built up bets that the Reserve Bank could hike interest rates again.
Ahead of consumer price figures for the March quarter, the benchmark notched its second session of gains.
Markets regained their composure on Monday after an apparent easing in hostilities between Iran and Israel.
The Aussie sharemarket has ended the week lower after investors responded to reports Israel launched air strikes against Iran.
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.
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.
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.
The Australian share market was up slightly as investors await new inflation data from the US, which will be key to its path on interest rate cuts.
While the benchmark edged only slightly higher, key members on the share market swung wildly in trading on Monday.
After a sharp sell-off during Wednesday’s session, the sharemarket unwound some, but far from all, of its losses on Thursday.
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.
Lower gold and oil prices weighed on the Australian sharemarket on Friday, but overall the ASX 200 ended the week 1.3 per cent higher.
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.
Original URL: https://www.news.com.au/topics/asx/page/11