ASX 200 rises after RBA minutes; St Barbara tanks
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
Markets
RBA’s major clue on next rates decision
Struggling Aussie homeowners could get a rate cut sooner rather than later as the Reserve Bank says it is “increasingly confident” about a reduction.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.
Major bank’s cost-of-living warning
A leading bank is expecting a spike in electricity prices until July 2025 putting further pressures on Australians.
More Stories
Major bank’s huge $6.35m error
A major bank has apologised to thousands of its customers who were impacted by an error that led to them being massively overcharged.
Grim update as ASX sell-off continues
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.
ASX 200 grapples with broad selloff; CBA hits 5-week low
Utilities, energy stocks the only bright spots as index falls to three-month low. CBA tops large-cap declines. Mesoblast down on profit-taking. Japan’s Nippon Sanso to buy Wesfarmers’ Coregas.
Australia hit by $50b bomb in global panic
The global economy has been hit hard by a huge call in the US and Australia has been firmly in the firing line.
ASX plummets after US reserve’s pivot
The ASX cratered after a major decision on a US rate cut, with all 11 sectors trading in the red.
ASX suffers $50bn wipeout on worst day in months
The ASX 200 suffered its worst day in three months, as investors dumped tech, bank and mining stocks. The Australian dollar also hit a two-year low after big falls on Wall Street following the Federal Reserve’s weak rates outlook.
One thing making Aussies $1.5 trillion richer
Australia’s collective household wealth has soared over the last 12 months driven by one key thing.
Aussie dollar slumps to 24-month low
The Aussie dollar has collapsed during this morning’s trading as the US Federal Reserve says the rate cutting cycle will slow down.
ASX trades flat ahead of US rate cut
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.
ASX 200 dips on seesaw day; ASIC sues Binance
Financial regulator targets crypto giant over alleged customer fails. Insignia rejects Bain bid. Chalmers’ spending plans to challenge RBA fight. ANZ facing more regulatory scrutiny. Aus economy in ‘reasonable shape’: NAB CEO.
Original URL: https://www.themercury.com.au/business/markets