Inflation will be ‘slow to decline’: RBA minutes. Dexus sinks on FY25 distribution warning. Ansell’s result better than expected. Judo tops expectations. Reliance results ‘operationally strong’. Yancoal slumps on weak first-half. Baby Bunting, Monadelphous gain.
Mixed reactions to Westpac update. BlueScope falls on FY24 profit drop. A2 Milk plummets on missed expectations. Lendlease losses grow. Australian Vintage, SkyCity flag impairments. Reece tanks on near-term challenges.
ASX 200 soars to two-week high after strong US gains. RBA boss says no rate cuts likely in the near term. ASX Ltd dips amid calls for chair exit. Banks rise on positive signs for net interest margins. Dispute settlement lifts Synlait, A2M. PWR Holdings dives.
AUD rises on ‘quite tight’ jobs market. Cochlear, Origin sink on profit miss . Telstra rises despite profit fall. Treasury Wine lifts on China boost. Goodman dips on mixed results. Nufarm tumbles on earnings downgrade.
RBNZ begins easing with first rate cut since 2020. ASIC sues ASX over CHESS statements. APRA orders review into CFMEU-linked super funds. CBA profits slip. Seven Group underlying profit jumps, Seven West Media earnings sink.
Wages growth at its slowest pace in two years, but no rate cut yet. CSL’s FY25 guidance disappoints. Orora rejects Lone Star’s ‘opportunistic’ $4.3bn offer. Seek dives after swing to loss. Temple & Webster soars on trading update.
RBA’s Hauser warns on ‘overconfidence’ on rate forecasts. JB Hi-Fi buying e&s, reports lower profit but beats forecasts. Aurizon flags $150m buyback, strong FY25 after missing consensus estimates. Beach Energy slumps to loss.
Stocks rise after strong US gains in response to lower-than-expected jobless claims data and commodities rise on China CPI beat. Super Retail boss ‘used company funds to further affair’: court docs. News Corp flags ‘external interest’ in Foxtel. Life360 shares jump as much as 20pc after revenue rise.
The local sharemarket ends slightly in the red, as investors ditch property, mining and energy stocks. RBA ‘won’t hesitate’ to life rates if necessary, Bullock says. ACCC can appeal CFMEU/Hutchinson court decision.
Local shares extend gains for a second day, with nearly all 11 sectors in the black. Property and energy stocks found strong support following a rebound in the US. Nikkei up 4.3 per cent on Bank of Japan news it won’t raise rates while markets unstable.
Original URL: https://www.theaustralian.com.au/author/joseph-carbone/page/19