ASX climbs as RBA maintains rate hold
Snapping a two-day losing streak, the sharemarket rallied on Tuesday, propelled by financial and utilities stocks.
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Snapping a two-day losing streak, the sharemarket rallied on Tuesday, propelled by financial and utilities stocks.
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Australian investors have reacted positively to better-than-expected US inflation data, with new hopes the Federal Reserve could cut rates soon.
Ahead of the US Fed’s meeting on rates, the Australian share market has recorded a loss for the second day in a row.
The share market shedded 1.3 per cent as investors awaited the Federal Reserve’s much anticipated meeting on Thursday for a signal on its interest rate path.
The Australian sharemarket is going into the long weekend on a high, after it recorded its best week of 2024.
After a tech-propelled rally on Wall Street overnight, the Australian share market followed suit.
The Aussie share market has seen a promising close to Wednesday despite the latest GDP data showing weak economic growth.
Following a two-session rally, shares on the Australian stock market slipped as iron ore and oil prices tumbled.
The Australian share market has started the week in positive territory, as it extended its gains thanks to the big banks.
Aussie shares shrugged off a grim night on Wall St to end a three-day losing streak and finish the week with a broadbased rebound.
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
The Australian sharemarket fell lower on Tuesday after weak retail sales data hit discretionary stocks.
Booking a four-day losing streak, the sharemarket fell to close out the week after investors were rattled by hotter-than-expected services and manufacturing data.
Paring back its early gains, the sharemarket inched lower to finish in the red for a second consecutive session.
In a subdued session, Tuesday’s trading gave back a portion of Monday’s rally.
A rally in prices for key commodities including oil, iron ore, nickel, gold and copper sent the benchmark within 33 points of its record high.
The Aussie sharemarket has fallen one day after it was a “smidgen away” from record highs at the close.
The Australian sharemarket has marked its best day for the year in the wake of the latest unemployment figures boosting buyer confidence.
Aussie stocks lifted on Wednesday on the back of a mining rally fuelled by bourse heavyweight BHP.
Australian shares dipped lower on Tuesday as investors continue to tread cautiously before a flood of data comes this week.
Australian shares were flat on Monday before important inflation data is released midweek.
International markets continue to help the Aussie sharemarket remain strong ahead of next Tuesday’s federal budget.
Consumer and financials were crunched on Thursday as investors grew increasingly concerned with the impact of elevated inflation on households.
A rally in interest rate sensitive stocks on Wednesday pushed the sharemarket into the green for a fifth consecutive session.
The Aussie sharemarket has remained strong in the wake of a less than ‘hawkish’ interest rates decision by the Reserve Bank of Australia.
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.
Snapping a two-day winning streak, Australian shares sank on Thursday.
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.
The Australian sharemarket has seen the biggest one-day fall in a year, one day after setting a new 52-week high.
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.
The benchmark eked out a 0.1 per cent gain on Wednesday after the financials sector rallied late in trading.
Shares slipped for a second straight session on Tuesday as consumer stocks weighed on the benchmark index.
Shares slipped on Monday as iron ore miners sank and fears intensified of a weaker-than-expected GDP reading in the final three months of 2024.
The local share market was off to a record breaking start in March, as fresh highs on Wall Street and positive manufacturing data from China bolstered the benchmark.
The ASX surged to a near record high on Thursday after soft inflation and retail data suggested an end to the RBA’s rate hiking cycle.
Despite fresh inflation data showing consumer prices held steady in January, the share market edged lower on Wednesday.
With profit season nearing its end, the share market advanced for a fourth straight session on Tuesday.
The Australian stock market continues to see positive results despite a drop in oil prices causing headaches for the energy sector.
A dramatic boom in US tech stocks overnight pushed the local share market higher on Friday.
An expected boom in US tech stocks was not enough to lift the ASX on Thursday.
Original URL: https://www.news.com.au/topics/asx/page/6