ASX gains as GDP causes concern for many
The Aussie share market has seen a promising close to Wednesday despite the latest GDP data showing weak economic growth.
The Aussie share market has seen a promising close to Wednesday despite the latest GDP data showing weak economic growth.
With households paring back spending, analysts expect Wednesday’s GDP figures will show Australia’s economy slowing to a crawl and being a “heartbeat” away from a recession.
Following a two-session rally, shares on the Australian stock market slipped as iron ore and oil prices tumbled.
The Australian share market has started the week in positive territory, as it extended its gains thanks to the big banks.
The All Ordinaries Index hit a new all-time closing high, while the S&P/ASX 200 nudged its best-ever finish as resources stocks surged.
The ASX climbed to a fresh 13-month high, with tech and gold stocks the top performers, while an artificial intelligence company rocketed.
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Budget-conscious Aussies keep clicking on Kmart and Bunnings, new data shows, as they chase value and continue home sprucing.
The ASX was in a holding pattern today awaiting major macroeconomic news, but a popular part of the tech sector was firing on all cylinders.
Christine Holgate has lashed out at the PM for “humiliating her” into leaving Australia Post, in a fiery first public appearance since her departure.
Shoppers keep flocking to buy now, pay later services, with the provider that signed up JB Fi-Fi and The Good Guys breaking transaction records.
The ASX ran out of steam after last week’s stunning run, with analysts saying investors may have been crystallising their gains today.
An executive known as ‘Mr Fix-it’ with previous experience running casinos has joined beleaguered Crown Resorts as it faces a second royal commission.
The ASX closed flat in the wake of this year’s best winning streak, with the local manufacturer of the AstraZeneca vaccine and travel stocks slumping.
Original URL: https://www.thechronicle.com.au/business/breaking-news/page/187