ASX closes up 0.4pc; RBA rules out rate cuts
Local shares finish higher after major sell off. RBA governor Michele Bullock says there will be no interest rate cut in the next six months. Wall Street bled overnight amid a global sell-off.
Our Team
Latest
Sea of red as ASX 200 dives 3.7 per cent on US recession fears
Bloodbath across the board as the local sharemarket plunges with the ASX 200 down 3.7 per cent to a two-month low of 7649.6 in its worst day since May 2020. Global investors dump shares after US falls. Tokyo plunges 14 per cent in its worst day since the 1987 crash. Woodside buying OCI Clean Ammonia for $US2.35bn.
Sayers, Seymour grilled at PwC hearing; ASX 200 sinks 2pc-plus
‘People were making good money for good effort. But it wasn’t egregious’: Luke Sayers. Mercer to cough up $11.3m for greenwashing. ASX has worst day in almost two years. JB Hi-Fi falls on downgrades. Afterpay owner among top gainers on strong guidance.
ASX 200 hits record close after soft CPI data
RBA unlikely to hike rates next week with core inflation heading south. CBA shares reach intraday record of $137.34. Rio Tinto lifts on first-half profit jump. Telix, Origin among losers. Asian buyer circles Rex.
ASX declines; Super Retail CEO, chair sued
Super Retail ex-exec alleges bullying, harassment. Fortescue crashes after mystery stake sale. BHP, Lundin bid $C4.1bn for Filo Corp. Ramsay taps Woolworths Supermarkets boss as next CEO. Credit Corp’s top gainer. Rex halts 737 bookings amid financial woes.
CBA stands out as ASX rises on sea of green
CBA hits new record high. NIB’s long-time CEO Mark Fitzgibbon flags retirement amid battle with St Vincent’s Health. Rex halts trade as Deloitte experts fly in. Viva interim earnings rise amid ‘soft’ conditions.
ASX 200 lifts as MinRes gains; Bellevue tanks
Investors welcome MinRes cash gains, price wins. Bellevue Gold downgraded on discounted equity raise. Inflation uptick may force RBA hike. Key exit triggers Cochlear executive rehaul.
ASX 200 hits two-week low; Fortescue, Macquarie fall
Senate committee to grill PwC CEO Kevin Burrowes, former bosses again. Commodities sink despite China rate cut. Fortescue misses guidance. ANZ suspends, sacks staff as market manipulation probe continues. Macquarie’s flat first quarter.
ASX dips; govt drafts merger laws, flags stronger ACCC
Flight Centre trims guidance. Treasurer announces “faster, stronger” draft merger reform legislation. Perpetual hit by $9bn outflows. Telix slumps on bonds, regulatory updates. ASIC concerned over private market pump-up.
ASX snaps losing streak; Woodside leads poor energy sector
Tech sector leads ASX turnaround. Woodside reveals subdued quarter, upped Scarborough cost. Lynas suffers low output, falling prices. Warehouse NZ confirms Adamantem bid.
Original URL: https://www.theaustralian.com.au/author/joseph-carbone/page/20