Aussie dollar bursts through US80c
The Australian dollar broke above the key barrier for the first time in three years on Thursday night amid expectations of an economic recovery from the coronavirus pandemic.
The Australian dollar broke above the key barrier for the first time in three years on Thursday night amid expectations of an economic recovery from the coronavirus pandemic.
Australian stocks rose strongly and BHP hit a record after gains on Wall Street. Flight Centre, Qantas shares rose despite losses. Zip Co and A2 Milk dive. ASIC sues NAB.
While corporate Australia is hogging the headlines with results season, an almighty fight is taking place in the shadows between the Reserve Bank and bond traders.
Optimism about the economy and the surge in bond yields are having mixed effects on the Australian sharemarket.
Stocks close down after hitting fresh 3-week intraday low. Bitcoin tumbled, Bega profits soar, Nine sees ad rebound, Viva loss, WiseTech profit hit.
Previously unloved travel stocks are on a tear as investors hunt for value amid surging bond yields and expectations of stronger economic growth.
Australia’s sharemarket rose strongly as the government boosted the dole and US futures jumped. Turnbull to chair Fortescue Future Industries. BoQ led gains, travel stocks surged. Afterpay down as bond yields spike.
A dividend “supercycle” may be coming to Australia, according to JPMorgan Chase.
Australia’s sharemarket slipped amid earnings reports as a further spike in US bond yields weighed on US futures, although commodity prices rose. Call for Crown royal commission. In earnings, Costa was strongest, Macquarie jumped after guidance boost.
Australia’s sharemarket has suffered its worst day in three weeks as investors question lofty valuations after a sharp rise in bond yields.
Original URL: https://www.theaustralian.com.au/author/david-rogers/page/199