Aussie shares rise on feverish Wall St rally
The Australian sharemarket lifted on Wednesday on the back of a rising Wall St bull run.
The Australian sharemarket lifted on Wednesday on the back of a rising Wall St bull run.
The latest numbers on new home starts are out and it isn’t good news for battlers struggling to live the Australian dream.
Some dark economic data out of China triggered a sell-off in heavyweight mining stocks on Tuesday, pulling the Aussie market down from record highs.
Aussies shares continued to rally higher on Monday, crossing the 8000 threshold for the first time in history on speculation of imminent rate cuts in the US.
With the Israel-Hamas war entering its “second stage”, the Aussie share market has fallen to its lowest level since October 24 2022.
The benchmark sank to its lowest level of the year so far as interest rate sensitive stocks tumbled on increased odds of a November rate hike.
Losses in health and consumer stocks were offset by gains from miners and energy producers to send the benchmark higher on Tuesday.
The man who leaked confidential government information to clients has been exiled from the world of Australian finance.
Fears of an escalation of the Israel-Hamas has shaved 1.2 per cent off the Australian share benchmark on Friday.
The latest report from the Reserve Bank of Australia shows how much money the men and women who determine your mortgage bill make each year.
There’s one big reason that the Australian dollar is so weak against the US dollar – but it could mean an investing opportunity for the brave.
The sharemarket has cheered the news of a mega mine deal, but environmentalists say it’s a catastrophe for the climate crisis.
Multiple strikes have broken out across Australia’s food sector, putting more pressure on an industry rocked by surging inflation. But experts have cautioned labour is not to blame for rising grocery bills at the checkout.
The Aussie share market peaked above the 7000 threshold on Tuesday after the US Federal Reserve signalled an easing of its interest rate strategy.
Original URL: https://www.thechronicle.com.au/business/markets/australian-dollar/page/33