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Putin’s spectacular act of self-sabotage has killed the Kremlin’s biggest market

Putin’s spectacular act of self-sabotage has killed the Kremlin’s biggest market

Gazprom was for decades Russia’s biggest money-spinner and the most striking symbol of the Kremlin’s influence abroad.

  • by Ben Marlow

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ASX loses almost $50 billion after Wall Street plunge; $A slumps to two-year low

ASX loses almost $50 billion after Wall Street plunge; $A slumps to two-year low

The Australian sharemarket lost almost $50 billion and the Aussie dollar hit a new two-year low on Thursday, after the US Federal Reserve signalled fewer rate cuts in 2025 than expected.

  • by Daniel Lo Surdo
Fed cuts rates but Wall Street rattled by change to 2025 outlook

Fed cuts rates but Wall Street rattled by change to 2025 outlook

Wall Street sank as the US Federal Reserve says it expects to see fewer rate cuts next year than previously projected.

  • by Howard Schneider and Ann Saphir
ASX ends flat ahead of Fed decision; tech stocks gain, banks wobble

ASX ends flat ahead of Fed decision; tech stocks gain, banks wobble

The Australian sharemarket closed largely flat on Wednesday afternoon, reversing a rise earlier in the day, as investors await the latest rate decision from the US Federal Reserve.

  • by Hannah Kennelly
ASX ends its losing streak as Santa Rally kicks off

ASX ends its losing streak as Santa Rally kicks off

The Australian sharemarket closed higher on Tuesday, defying fears of a sixth day of losses after expectations of an interest rate cut by the Federal Reserve this week boosted Wall Street.

  • by Daniel Lo Surdo
ASX posts fifth day of losses as weak China data weighs on miners

ASX posts fifth day of losses as weak China data weighs on miners

The Australian sharemarket made a dour start to the week, as mining shares fell and data centre owner DigiCo dropped again.

  • by Daniel Lo Surdo
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ASX falls as miners slump; Insignia jumps, DigiCo dips on debut

ASX falls as miners slump; Insignia jumps, DigiCo dips on debut

The Australian sharemarket closed in the red, led by declining materials which dipped 1.8 per cent following a negative lead from Wall Street.

  • by Hannah Hammoud
ASX falls following jobs surprise; Downer EDI, Ventia slump
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ASX falls following jobs surprise; Downer EDI, Ventia slump

The Australian sharemarket took a beating as investors digested stronger-than-expected employment growth, which is likely to push out the prospect of interest rate cuts further into next year.

  • by Hannah Hammoud
ASX retreats as Wall Street awaits inflation numbers; South32 slumps

ASX retreats as Wall Street awaits inflation numbers; South32 slumps

The Australian sharemarket declined for a second day, following Wall Street where stocks drifted lower in the runup to the latest update on inflation in the world’s largest economy.

  • by Daniel Lo Surdo
ASX retreats after RBA holds rates; tech stocks slump, miners rally

ASX retreats after RBA holds rates; tech stocks slump, miners rally

More stimulus in China and signs the RBA is feeling more comfortable with where inflation is headed helped contain the damage to the Australian sharemarket.

  • by Daniel Lo Surdo
ASX finishes flat after banks, miners retreat

ASX finishes flat after banks, miners retreat

The Australian sharemarket closed flat on Monday after initial losses behind the banks and mining giants, but things looked up after lunch thanks to consumer and healthcare stocks.

  • by Daniel Lo Surdo

Original URL: https://www.smh.com.au/topic/world-markets-hvj