The Reserve Bank has kept rates on hold, which was expected, as ‘underlying inflation’ remains too high. Domino’s shares tank as CEO departs. No government tenders for PwC until mid-2025. LIC spikes on HMC interest.
MinRes takeover/break-up not ruled out as billionaire boss Chris Ellison’s exit plan takes shape. AFP enter PwC Australia offices as part of confidential breach probe. Westpac down on dividend miss, high costs.
Macquarie shares dive to a seven-week low after its interim profit falls short of analysts’ expectations. Zenith cuts Paradice midcap fund. Deloitte cutting more jobs. Amcor declines after maintains guidance. Global markets await US jobs data.
The ASX hits a four-week low before rebounding. Gains in tech, consumer discretionary, property and financial stocks are offset by falls elsewhere. Investors pile into Mineral Resources after Rinehart’s $1.13bn deal. JB Hi-Fi, Wesfarmers and Coles rise on positive updates.
The S&P/ASX 200 index closed down 0.8 per cent at 8180.4 points after hitting a three-week low after disappointing inflation figures and a profit warning from Woolworths. Annual headline inflation drops to 2.8 per cent. Trimmed mean CPI of 3.5 per cent meets estimates. CBA scraps call for RBA rate cut in December.
The local sharemarket rose slightly, led by property and tech stocks. Qantas and Premier Investments hit records. Myer spikes up after $864m apparel brands deal with Premier as Solomon Lew scores a board seat.
The sharemarket was flat on light volumes as investors awaited key inflation data. Mosaic Brands enters receivership with KPMG appointed. ASX Limited hit by first strike against remuneration report.
ASX 200 rise fades for third day running. Qantas ‘might have not survived’ without Alan Joyce and Richard Goyder: chair. WiseTech investors back founder’s reincarnation as consultant. Metcash profit warning. ResMed lifts on strong quarter earnings.
ASX 200 slips in cautious trading. WiseTech CEO resigns. CBA, Westpac rebuff flexible serviceability buffer call for home loans. Weak quarter weighs on Reece, Fortescue and Brambles. Super Retail tried to settle claims ahead of court fight. HMC lines up data play with $2bn Global Switch deal.
WiseTech, MinRes billionaire actions on ASIC radar. Qantas jumps on Jefferies’ boost. Insurer QBE sued for allegedly misleading 500,000 customers. Nine-controlled Domain Holdings flags CEO change.
Bourse has $48bn wiped off. WiseTech rises as Richard White settles fight with ex-lover. MinRes dogged by founder concerns. Broker downgrade weighs on Metcash. Audinate, Iluka updates trigger selloff.
Local shares rally after Friday’s sell-off as US remains resilient. WiseTech dives as Board investigates allegations against CEO Richard White. Retailers down as Nick Scali drops on profit warning. MinRes shares hit as Board backs CEO Chris Ellison amid investigation over alleged tax evasion. Vulcan issues profit warning.
Local shares fall back sharply from record highs amid broad-based declines. Flight Centre dives on a profit warning. WiseTech continues to dive. Miners down on China disappointment. Telix plans Nasdaq listing. South Korean authorities eye Regal for alleged short-selling breach. Spot gold hits record high.
Perpetual hit with first strike. Stronger-than-expected jobs data may dash hopes of early rate cut. BHP iron ore production rises but China disappointment weighs. Regulator allows Star to keep Sydney licence. Uranium miners soar. WiseTech dives amid CEO scrutiny.
Local sharemarket backs away from highs after US, China sell-off. AusSuper invests billions in US data center company. Woodside records 21pc revenue jump as production hits record.
Sharemarket sets new highs after US gains. NAB revises rate cut prediction. Private equity circling wealth platform market. CBA says households cutting back spending. Tyro sinks on RBA review of card payments and surcharging.
ASX 200 ends up 0.5 per cent amid gains in the US and China. TPG sells fibre, EGW assets to Vocus in blockbuster deal. Web Travel dives on update. New bosses at Lendlease, Pacific Smiles. BCA puts councils performing poorly on housing on chopping block.
Appen in $50m cap raise. US inflation stickier than expected, jobless claims jump. Oil, gold prices push higher. Richard White keeps selling down WiseTech stock amid court stoush. Macquarie downgrades Woodside.
China launches $US70.60bn swap facility to boost stocks. Lithium stocks on a tear, led by Rio target Arcadium. Restaurant chain GYG dips despite strong quarter. Netwealth jumps on record quarter.
Rio buys lithium player for $US6.7bn. Commodity price falls, China disappointment weigh on Aussie producers. NZ’s central bank cuts rate by 50 basis points, as expected. Shares in Cettire, Zip jump.
Original URL: https://www.theaustralian.com.au/business/trading-day/page/4