ASX hits 3-day high led by miners, resurgent banks
Glencore preps for Queensland smelter closure. Ampol flags lower earnings. Woodside’s US hydrogen hit. Quarterly updates weigh on Telix, Paladin.
Markets
ASX ends flat amid banks/miners switch; RBA keeps rate cuts in the frame
CBA leads bank losses, offset by gains in miners and CSL. RBA lowers chance of ‘severe’ hit to economy. Insignia’s relief rally as CC Capital’s lower-than-expected $4.80 per share offer lands.
Banks drag ASX 200 down while resources rise
The ASX 200 index fell sharply from a record high as banks are hit by profit taking. Resources outperform. AMP hails super win in volatile market. South32 beats FY25 output guidance. Insignia’s $3.4bn offer yet to materialise as talks continue.
‘Survive’: Aussie chocolatier’s big battle
A beloved boutique chocolate retailer is battling through a whopping rise in global cocoa prices, but Australia’s sweet tooth is helping out.
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Banks drive ASX 200’s biggest fall since May; Iluka, Nuix, DroneShield up
Rio down on weak day for miners as investors digest mixed June quarter report, CEO update. G8 selloff continues on fresh alleged Vic offender update. DroneShield soars to another record high. Boost for Gina Rinehart’s US, Aussie rare earths bets.
Aussie shares crack fresh record high
The Australian sharemarket lifted to a fresh record high on Tuesday as investors followed gains on Wall St.
Rio Tinto taps Simon Trott as CEO
Mining giant Rio Tinto has appointed Simon Trott as its new chief executive, following the surprise resignation of Jakob Stausholm in May.
One thing missing to fix Aussie crisis
Australia is dragging the developed world in one key area, with an expert suggesting a solution to “get this right” and “break the “deadlock”.
ASX slips on latest Trump tariff
Australia’s sharemarket has fallen during trading on Monday as investors weigh up what Donald Trump’s latest tariffs will mean for local stocks.
G8 defends investor comms; bitcoin surges past $US121k
G8 didn’t expect share price to crater after bombshell ex-employee allegations. Attention shifts to National Storage move after billionaire investor Nathan Kirsh, US group Public lift Abacus offer. Bitcoin hits new record.
Albo’s China praise-fest with CCP chief
Anthony Albanese has heaped praise on China alongside a senior CCP official in Shanghai as his hosts bombard him with a charm offensive.
‘Taiwan’: Albo hit with huge question in China
Anthony Albanese has been hit with an uncomfortable question on one of the most thorny topics in China.
‘Cruel’ blow dealt to Aussie mortgagees
Aussie mortgage holders have been dealt a “cruel” blow after the RBA held the official cash rate – and they will need to wait longer to see the fruits of earlier rate cuts come into effect.
‘Cruel’ blow dealt to Aussie mortgagees
Aussie mortgage holders have been dealt a “cruel” blow after the RBA held the official cash rate – and they will need to wait longer to see the fruits of earlier rate cuts come into effect.
Original URL: https://www.ntnews.com.au/business/markets/page/2