CBA, Fortescue lead ASX to 5 week low
The major banks and miners continued to slump on Thursday, dragging the Australian share market to its lowest point in five weeks.
The major banks and miners continued to slump on Thursday, dragging the Australian share market to its lowest point in five weeks.
It’s only going to get worse for Aussie savers already on their knees after the Reserve Bank’s decision to cut interest rates.
The ASX’s weekly woes continued on Wednesday, as a big four bank and a major miner dragged the market heavily into the red.
Aussies are tipped to be a little richer at the end January, as superannuation funds have a ‘flying start’ to 2025.
Another major financial institution has changed its rates ahead of the Reserve Bank of Australia’s decision on the official cash rate.
Malcolm Turnbull says Australia should not expect the US to not impose tariffs just because of the “special relationship” between the countries.
The Aussie sharemarket fell heavily on Monday as traders reacted to the latest round of tariffs and the impact they could have on the domestic market.
New legislation is holding Buy Now Pay Later providers to Australian credit licence standards in an attempt to protect consumers.
The Australian sharemarket traded relatively flat on Friday as the market waits for a key piece of data that could determine when the US Fed will cut interest rates.
The Australian sharemarket closed just off a record high on Thursday, as renewed optimism in the US-China relationship, spurred a rally in key stocks.
Nationals leader David Littleproud has hit out at Coles after the supermarket giant flagged a cull in its product range, claiming prices at the checkout would rise.
The Australian market broke a two-day winning streak on Wednesday as markets saw through US-China trade tensions.
The Australian markets had a promising trading day until the last hour when news broke that China and the US had failed to negotiate on tariffs.
Nearly $50bn was wiped off the Australian sharemarket on Monday as fears of a trade war led by US President Donald Trump tariffs ripped through the local market.
Original URL: https://www.ntnews.com.au/business/markets/australian-dollar/page/3