Market pricing two 2024 rate cuts, from August, as inflation cools more than expected. ASX sets record intraday and closing highs. Aussie dollar drops. Judge slams Westpac penalty. IGO mothballs nickel mine.
Bourse flirts with record high before paring gains. Godfreys falls into administration. Costa Group shareholders back $1.5bn takeover. Megaport, Nickel Industries and City Chic jump.
China’s Evergrande to be wound up. Oil price rises on Middle East fears. Woolworths hit by NZ and Endeavour write-downs. Dessert brand Sara Lee sold. Perpetual drops after $4.3bn in outflows.
Profit warning prompts Domino’s downgrades. Delays at Fortescue project. Sayona falls on lithium mine review. Incitec lifts on capital return. ACCC supermarket inquiry announced.
Nanosonics tumbles. Pilbara lifts as cuts capital spending. Miners and lithium stocks up. Kogan jumps on earnings beat. Rio’s $1bn solar power deal. Newmark up on BWP merger.
ASX rises for third day straight after US records. Prices, costs growth fall sharply: NAB survey. Future Fund cautions market on inflation fight. Another executive leaves Qantas.
Hugh Killen has taken on a new role as the boss of an innovative and fast-growing asset management company predicated on the future of the agriculture sector.
Critical minerals pullbacks by Liontown, Chalice, South32 and Andrew Forrest’s Wyloo. OreCorp battle heats up. Appen plunges after losing Google contract. Zip gains.
Amid mounting criticism of price gouging, the supermarket giant has appointed an experienced lawyer to investigate and resolve disputes with suppliers.
The local sharemarket has finished Friday and the week flat, as global investors turned cautious as tensions in the Middle East heightened.
Original URL: https://www.theaustralian.com.au/author/joseph-carbone/page/26