Stocks’ worst day in a month
The local market’s mood has turned down sharply, with the banks sold off heavily.
The local market’s mood has turned down sharply, with the banks sold off heavily.
The local unit has edged back from morning highs but remained supported by a softer greenback.
Big bank stocks were down sharply at noon, putting the benchmark on track for heavy losses.
The yellow metal has been bid higher amid uncertainty over Federal Reserve interest rates.
The local sharemarket’s winning streak has skidded to an end, despite the Reserve Bank’s cut.
The local unit shed close to one third of a cent on the back of the Reserve Bank’s statement.
The $US2.6bn buyout will combine Elon Musk’s electric-car and solar-energy companies into one entity.
The music streaming company’s creditors range from the ATO and APRA to sponsored sports groups.
In the face of global economic risks to the downside, gold’s price rally is set to extend, says John Lipsky.
The local market has extended on July’s gains, to close at a one-year peak.
Original URL: https://www.theaustralian.com.au/author/amber-plum/page/55