ASX hits 4-week high on inflation surprise
Fresh inflation data has given the Australian share market a boost, with trading up on Wednesday.
Fresh inflation data has given the Australian share market a boost, with trading up on Wednesday.
The Aussie market has risen for the fourth straight day and reached a three-week high despite falling commodity prices.
An Australian bank has been slammed for “cash grabbing” after launching a controversial $2.50 fee for customers accessing their own money.
ASX eked out tiny gains during Monday’s trading as rises in property trusts and information technology stocks beat falls in iron ore miners.
The ASX has surged back and broken a days-long losing streak – after better than expected inflationary data out of the US sent markets higher around the world.
Aussies are being warned to check their mobile and wearable payment devices or risk being unable to purchase items this New Year’s Eve.
The ASX has tumbled to a new low after markets continued to sell off, with investors factoring in a less-than-favourable decision in the US.
The global economy has been hit hard by a huge call in the US and Australia has been firmly in the firing line.
The ASX cratered after a major decision on a US rate cut, with all 11 sectors trading in the red.
Australia’s collective household wealth has soared over the last 12 months driven by one key thing.
The Aussie dollar has collapsed during this morning’s trading as the US Federal Reserve says the rate cutting cycle will slow down.
The ASX 200 traded slightly down ahead of a major decision by the US Federal Reserve, just after the market hit a four-day high.
The ASX 200 has continued to suffer major headaches amid falling iron ore prices – with the market falling to a fresh four-week low.
The RBA’s slow response to the post-Covid economic boom is to blame for Australians paying more on their mortgage today, a consulting firm has found.
Original URL: https://www.thechronicle.com.au/business/markets/australian-dollar/page/2