ASX 200 down 1pc; Appen hits record low
Appen shares set fresh low after CEO’s sudden exit. $A back above US65c. St Hilliers appoints administrators. Fletcher sinks on profit warning. Silver Lake tumbles on Red 5 merger.
Appen shares set fresh low after CEO’s sudden exit. $A back above US65c. St Hilliers appoints administrators. Fletcher sinks on profit warning. Silver Lake tumbles on Red 5 merger.
Interest rate-sensitive real estate and tech stocks surge. Uranium stocks rally. MUA and DP World reach deal. Atlassian halves net loss. Halo Food to be wound up.
Another high-profile Fortescue empire departure. IGO hit by South32 royalties claim, broker downgrades. Business confidence falls. SkyCity ups AUSTRAC penalty provision.
A faster-than-expected cooling in inflation in the December quarter has fuelled expectations of interest rate cuts as early as August.
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.
Original URL: https://www.theaustralian.com.au/author/megan-neil/page/9