China nukes US stock market, $1 trillion lost
The release of a single app from China wiped more than $1 trillion from the US stock market on Monday. Here’s what you need to know.
Markets
Major retailers drive Aussie market surge
Major retailers were responsible for the Aussie sharemarket closing just shy of a record high – with the dollar also climbing to a new peak.
Aussie red meat booms to record high
Aussie farmers have plenty to celebrate this Australia Day, with fresh figures revealing a stunning boom in red meat exports.
Mining state sinks into budget black hole
Millions of Aussies are confronting a stark budget black hole, with an economic update exposing a serious $217bn breakdown in one state’s finances.
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Truth about Aussie shoppers revealed
Record deliveries from Australia Post in the past two months have revealed some essential truths about the average Aussie shopper and what they want.
Trump lifts ASX for third straight day
Australian sharemarket firmed on Wednesday, as Donald Trump helped the strong performance by Australia’s tech sector and uranium shares.
Australia’s most valuable brand revealed
The brand value of Australia’s two major supermarkets has slumped considerably, leaving the door open for a new No.1.
ASX jumps after volatile day of trading
The Aussie sharemarket closed up on a strong day of trading, as investors factor in the new US President and how his proposed tariffs will impact the market.
Major crackdown on dodgy landlords
Landlords looking to dodge their tax obligations have been put on notice by the ATO, thanks to new data matching technology.
ASX falls despite commodity boost
The Australian sharemarket slipped on Friday, despite a positive boost for the country’s commodity sector on the back of results out of China.
ASX 200 sheds 0.2pc as banks fall; Insignia, Lovisa gain
Banks weigh after a bearish note from Citi. Miners supported after China’s GDP surprise. Rio Tinto, Glencore reportedly in merger talks. Insignia soars after CC Capital outbids Bain. Lovisa gains on broker upgrade.
Gerry Harvey’s big call on Temu
One of Australia’s high profile retail billionaires has called for a “government inquiry” into discount Chinese online retailers Shein and Temu.
ASX rises on falling US inflation
The Aussie sharemarket surged on Thursday, thanks to new data and led by the major banks and information technology stocks.
ASX 200 ends up 1.4pc on US rebound; CBA still tips Feb rate cut; Zip rises
Economists divided over Feb rate cut forecast after 56,000 jobs boost. Rio rises after ‘good finish’ to 2024. Zip jumps after Sezzle earnings upgrade. Star edges up. Softer US core inflation boosts equity sentiment.
Original URL: https://www.themercury.com.au/business/markets