Aussie shares dip lower on big bank fall
The Aussie sharemarket dipped lower on Wednesday as bank stocks tumbled.
The Aussie sharemarket dipped lower on Wednesday as bank stocks tumbled.
The sharemarket dipped lower on Tuesday as the RBA delivered some hawkish rhetoric on interest rates, even as the miners boomed on fresh Chinese support.
The Australian sharemarket tumbled on Monday as supermarket giants Coles and Woolworths retreated on the ACCC’s bombshell legal move.
More and more Australians are taking on multiple jobs to keep their heads above the water, but the issue runs deeper than just cost of living.
After a negative lead from Wall Street, the share market extended its losses on Wednesday with energy stocks weighing on the benchmark.
With all sectors posting declines, the local benchmark slumped to its lowest level in four weeks on Tuesday.
An acceleration of inflation in the United States and an escalation of tensions in the Red Sea pushed the benchmark lower on Friday.
Interest rate sensitive stocks buoyed the benchmark on Thursday as softer-than-expected inflation data helped offset losses in the mining sector.
Despite a cooler than expected inflation reading for November, the share market lost ground on Wednesday as iron ore miners dragged the benchmark lower.
The local benchmark continued to lose ground amid continued uncertainty over the timing and depth of rate cuts.
The first week of trading in 2024 has seen the Aussie market drop for the third consecutive day after a key mine temporarily suspended its operations.
Striking workers have put a $2.3bn green energy build at risk over demands of a 17 per cent uplift in pay.
After posting strong gains in November and December, the local share market is off to a rocky start in 2024.
A privately held coal company has slipped into administration just two days after Christmas, putting the livelihoods of about 300 people at risk.
Original URL: https://www.themercury.com.au/business/markets/australian-dollar/page/29