ASX closes down after record day
The ASX closed down on Wednesday as investors took advantage to take a profit following a record day of trading on Tuesday.
The ASX closed down on Wednesday as investors took advantage to take a profit following a record day of trading on Tuesday.
Australia’s stock market retreats from a record high, but CBA does it again with another record high close, Analysts unpack Amcor’s Berry buy. Freight issue risks Nick Scali profit. EV volatility hits PWR Holdings profit margins.
The ASX 200 is trading up 2.6 per cent for November during the traditionally strong trading period leading into the ‘Santa Claus’ rally in December.
ASX 200 soars to record high on large scale buying before a late selloff. RBA ‘vigilant’ on inflation risks. Goyder to chair Perron Group. TechOne hits record after profit jump on a strong day for tech stocks. CBA, Xero, WiseTech also hit records. Elders dives after capital raise. Santos buoyant on higher returns promise
The Reserve Bank of Australia is steadfast in its fight against inflation, even if it means mortgage holders will pay even more in the coming months.
Aussie mortgage holders are in theory the most exposed to interest rates rises in the world, yet there is little evidence of a mortgage cliff, the RBA said.
Aussies are doing what the Reserve Bank of Australia is asking and cutting back on spending, but they might need to wait nine months for a reduction on their mortgage.
The ASX 200 rose slightly during Monday’s trading, pushed higher largely by Australia’s resource companies.
Sites ‘held for strategic reasons’ Woolworths tells ACCC. SafetyCulture CEO to step down. Queensland coal ‘sugar hit’ won’t last: BHP. Elders in $475m buy after missing profit expectations, CEO extends stay. ASIC sues NAB.
One of Australia’s largest property developers is flagging green shoots in the market which has struggled throughout 2024.
The ASX 200 rose slightly during Friday’s trading, as the market had a benign broad based rally as Donald Trump announced more key appointments.
ASX recovers from fall this week. New MinRes, Chris Ellison revelations weigh. Brazil court clears BHP in dam collapse case. Sohn Hearts & Minds Conference attendees learn from global fund managers about future trends and their hottest stock picks. Follow here.
A powerful union is pushing the federal government to legislate a huge workplace change that will affect every single Aussie worker.
‘Incredible value’ in CFMEU relationship: Cbus CEO. Major Pacific Smiles offloads stake, aiding Genesis in takeover battle. Tech giants ‘free riders’: CBA boss. IPH, Goodman get first strikes against executive pay.
Original URL: https://www.ntnews.com.au/business/markets