Aussie shares rise on Wall St rebound
Aussie shares crept higher on Wednesday on the back of a Wall St rebound, despite a sharp sell off in heavyweight mining and energy stocks.
Aussie shares crept higher on Wednesday on the back of a Wall St rebound, despite a sharp sell off in heavyweight mining and energy stocks.
The Australian sharemarket fell on Tuesday following muted stimulus measures from China and a sharp pullback on Wall St.
One of Australia’s biggest banks has issued a warning about business confidence after the latest figures were revealed.
The Australian sharemarket fell on Friday as the big miners wobbled and uncertainty courses through Wall Street.
The benchmark eked out a 0.1 per cent gain on Wednesday after the financials sector rallied late in trading.
Shares slipped for a second straight session on Tuesday as consumer stocks weighed on the benchmark index.
Shares slipped on Monday as iron ore miners sank and fears intensified of a weaker-than-expected GDP reading in the final three months of 2024.
The local share market was off to a record breaking start in March, as fresh highs on Wall Street and positive manufacturing data from China bolstered the benchmark.
The ASX surged to a near record high on Thursday after soft inflation and retail data suggested an end to the RBA’s rate hiking cycle.
One of Australia’s biggest banks has just announced a new round of job cuts, with some of the positions set to move offshore.
Despite fresh inflation data showing consumer prices held steady in January, the share market edged lower on Wednesday.
With profit season nearing its end, the share market advanced for a fourth straight session on Tuesday.
The Australian stock market continues to see positive results despite a drop in oil prices causing headaches for the energy sector.
A dramatic boom in US tech stocks overnight pushed the local share market higher on Friday.
Original URL: https://www.themercury.com.au/business/markets/australian-dollar/page/26