ASX ends flat after record high. CBA falls after record high. Qantas down after decision to close Jetstar Asia. Zip, Fletcher Building top gainers. US, China trade negotiators reach ‘framework’ for Geneva agreement. US appeals court extends Trump tariff win.
Australia’s sharemarket has surged to a record high shortly after the opening bell, as investors grow giddy about a possible trade deal.
Rio Tinto’s mammoth Tomago aluminium smelter is reportedly close to collapse, putting some 6000 jobs at risk.
Commonwealth Bank stunned the world with a record valuation that dwarfed even Wall Street’s biggest banks. But not all is what it seems.
CBA hits intraday record of $172.92, surges past best ‘fair price’ estimates. What to expect from the RBA next week. Trump’s week of Arab bromance. David Dicker steps down from Dicker Data.
The sharemarket has closed higher for a seventh day in a row following April’s 89,000 jobs bounce and expectations the Reserve Bank will cut interest rates on Tuesday. CBA continues to power ahead, hitting a record of $169.74. GrainCorp soars on profit upgrade.
A surge in the banking sector on the back of better than expected employment figures has helped drive the ASX200 higher during Thursday’s trading.
There’s been a huge update as Gilmour Space Technologies enters its launch window to fire off a rocket into orbit.
Australia’s share market closed higher for the sixth consecutive trading session, after seesawing throughout the day, on the back of a strong bump in energy and technology stocks.
Annual wages rose more than expected due to public sector spending. CC Capital still keen on Insignia after Bain withdraws. ASIC lands another blow on Macquarie. Aristocrat sinks on earnings miss.
A rally in energy stocks has helped drive the ASX 200 to an 11-week high as investors jumped back into shares following a US-China trade deal.
Rollback of tariffs sees local investors pile back into previously under-pressure stocks like Breville and Zip. Likely pullback in rate cuts looms as defensive stocks like Coles and Woolworths decline.
Households need more than a rate cut to feel like they are in control of their finances with the strain on some households tipped to last until early 2026.
Australian superannuation members are being urged to ride out the market swings on the back of Donald Trump’s presidency.
Original URL: https://www.thechronicle.com.au/business/markets/page/7