Aussie shares hit new high on iron ore boom
The Australian sharemarket notched a fresh record high on Monday on the back of a mammoth rally in iron ore prices.
The Australian sharemarket notched a fresh record high on Monday on the back of a mammoth rally in iron ore prices.
The Australian sharemarket snapped a three-day losing streak on Thursday in a frothy rebound propelled by consumer stocks.
The OECD says the world economy is “turning a corner” on inflation and offers a bullish read on Australia’s outlook for 2025.
The OECD says the world economy is “turning a corner” on inflation and offers a bullish read on Australia’s outlook for 2025.
The dream of owning your own home has motivated millions to save over generations, but the latest data on new loans for first home buyers suggests many Aussies are giving up.
After climbing to a record high on Wednesday, the share market lost ground as US Federal reserve chair Jerome Powell warned rate cuts by March were “unlikely”.
The share market hit a new high on Wednesday as better than expected inflation figures raised hopes of an end to interest rate hikes.
The ASX came within 2.3 points of breaking its record high set almost two and a half years ago.
The energy sector propelled the benchmark higher on Monday as fears of a broadening of conflict in the Middle East intensified.
Buoyed by a rally in material stocks on Wednesday, the Australian share market edged higher to finish in the green.
Buoyed by a rally in health care stocks and a positive lead from Wall Street, the local market climbed for a third straight session – its longest for the year.
After the US benchmark index climbed to a record high, the local share market started the week on a positive note on Monday.
Led by a rally in tech stocks, the local share market finished in the green for the first time in five days, but closed out the week 1 per cent lower.
The share market extended its losses on Thursday, as property, energy and material stocks dragged the benchmark lower.
Original URL: https://www.themercury.com.au/business/markets/australian-dollar/page/28