No ‘panic mode’ but stocks dive, again
Stocks fell for a fourth consecutive week, a selloff in tech giants accelerated and volatility spiked as the global trade war worsened, but ‘markets aren’t yet in panic mode’.
Stocks fell for a fourth consecutive week, a selloff in tech giants accelerated and volatility spiked as the global trade war worsened, but ‘markets aren’t yet in panic mode’.
Australian stocks rise into the weekend. US futures soar as Trump government shutdown risks fade but trade tariff fights continue. Banks in the red. Gold miners soar as safe-haven commodity eyes new peak past $US3000 per ounce.
It’s clear US President Donald Trump isn’t backing down from his aggressive trade policies despite sharp drops by stockmarkets, meaning shares could be in for even bigger falls.
Goldman Sachs has trimmed its S&P 500 target after lowering its economic growth forecast, with the top end of Wall Street not impervious to uncertainty over US trade policy.
Australian stocks turn down after an early rise. Morgan Stanley cuts ratings on Australian stocks. Nine appoints Matthew Stanton as CEO. ACCC finds issues with DP World’s acquisition of Silk. Boss buys stake in uranium player.
It has been another dark day for Australian stocks as nervous investors wiped $36bn off the ASX in response to US President Donald Trump’s move to impose tariffs.
Investors wipe $36bn off the local market and push the ASX 200 to the brink of a “correction” as Wall Street tumbles continues to tumble. No exemption for tariffs on Australian steel, aluminium sent to US. Corporate regulator sues super giant.
Economic fears have sparked a renewed sell-off in stocks, with US tech giants diving after President Donald Trump declined to rule out a recession.
Australian stocks trimmed half of a sharp intraday fall as US futures rebounded after recession fears hit Wall Street. Brookfield begins Healthscope sale process. Brickworks takes a writedown on US operations. Polynovo shares drop after CEO sent packing.
The world is on edge over Donald Trump’s divisive foreign and economic policies, but that doesn’t look like it will stop investors piling into shares.
Original URL: https://www.theaustralian.com.au/author/david-rogers/page/3