ASX falls despite commodity boost
The Australian sharemarket slipped on Friday, despite a positive boost for the country’s commodity sector on the back of results out of China.
The Australian sharemarket slipped on Friday, despite a positive boost for the country’s commodity sector on the back of results out of China.
Bain’s latest bid for Insignia Financial has been topped by a new tilt from CC Capital for the listed wealth group.
Banks weigh after a bearish note from Citi. Miners supported after China’s GDP surprise. Rio Tinto, Glencore reportedly in merger talks. Insignia soars after CC Capital outbids Bain. Lovisa gains on broker upgrade.
The Aussie sharemarket surged on Thursday, thanks to new data and led by the major banks and information technology stocks.
Economists divided over Feb rate cut forecast after 56,000 jobs boost. Rio rises after ‘good finish’ to 2024. Zip jumps after Sezzle earnings upgrade. Star edges up. Softer US core inflation boosts equity sentiment.
The Aussie market closes down despite a positive start to trade across the board, as investors look ahead for jobs data and US inflation updates.
WiseTech shares dive on heavy volume amid suspected institutional selling.Independent expert backs Premier, Myer deal after recalculations. Billionaire Rinehart-backed Arafura gets fresh Labor buy-in. Macquarie to invest in US data centres. Cash-strapped Star ticks up amid Macau intrigue. Billionaire’s takeover interest fires up AVJennings.
Australia’s share market finished in the green on Tuesday, led by the major resources and property stocks, and a surprise report out of the US.
ASX 200 ends 4 day losing streak on US tariff hopes. Ingenia Communities leaps 15 per cent after boosting its earnings guidance. Cash-strapped Star rises as mystery investor buys more stock. Telix beats revenue guidance. Car Group lifts after Tyres exit. Mesoblast raises $260m. Blundy-backed City Chic rises.
Banks, consumer discretionary and information technology stocks have slumped during a broad market sell-off on Monday.
Australian Super-backed Syrah Resources has emerged a big winner as the US doubles down on its critical minerals scheme in the dying days of the Joe Biden administration.
Insignia rises on improved Bain bid. Weak sales updates from Myer, Premier weigh. Energy players gain as Brent hits $US81 per barrel. Low AUD threatens rate cuts. Star rising amid cash crisis talks.
The crowds are sparse at Star Entertainment’s flagship casino adding urgency to the cash-strapped group’s negotiations with lenders and governments as it fights for survival.
Cosmetic injectables clinic operator Stormeur has pushed back its ASX listing as it looks to raise more capital.
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A share sell-off in the banking and consumer staples sectors saw the Australian market trade heavily in the red on Friday.
Slow spending lifts chances the RBA will move earlier than expected to deliver interest rate relief.
Global investment giant Brookfield is considering lighting the fuse on a bidding war by making an offer for Insignia, which is already assessing CC Capital Partners’ pitch, sources say.
The Australian sharemarket has dipped on Thursday, breaking a five day streak, despite favourable retail sales data.
Original URL: https://www.theaustralian.com.au/topics/asx/page/3