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.
Australian sharemarket firmed on Wednesday, as Donald Trump helped the strong performance by Australia’s tech sector and uranium shares.
Australia’s weak dollar could see inflation tick up slightly, but it is unlikely to move the RBA on its next rate cut decision, a leading economist says.
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.
The Australian sharemarket slipped on Friday, despite a positive boost for the country’s commodity sector on the back of results out of China.
The ASX 200 had a strong opening trading day for 2025, led by growth in the energy, materials and property sectors.
The Australian dollar has fallen to a near-five-year low that is the worst seen since Covid.
The ASX 200 tumbled during Tuesday’s trading with A-REITs, consumer discretionary and financial stocks all down more than 1 per cent.
The Australian share market has endured a shocker final full day of trading for 2024 – with all but one sector closing the day lower.
Investors received a late Christmas present with the ASX 200 rising on the first trading session following the holiday break.
The ASX has surged back and broken a days-long losing streak – after better than expected inflationary data out of the US sent markets higher around the world.
Aussies are being warned to check their mobile and wearable payment devices or risk being unable to purchase items this New Year’s Eve.
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.
The global economy has been hit hard by a huge call in the US and Australia has been firmly in the firing line.
The ASX cratered after a major decision on a US rate cut, with all 11 sectors trading in the red.
Original URL: https://www.themercury.com.au/business/markets/australian-dollar/page/3