Aussie shares hit fresh record on Fed fever
The rate cut rally in Australian shares continued on Tuesday, with the local bourse hitting fresh highs once again as it booked a fourth consecutive session in the green.
The rate cut rally in Australian shares continued on Tuesday, with the local bourse hitting fresh highs once again as it booked a fourth consecutive session in the green.
Australia has signed a massive new trade deal with a Middle-Eastern powerhouse, but the agreement has sparked controversy.
Growing jubilance around this week’s interest rate cut in the world’s largest economy propelled Aussie shares to a record high.
Aussie homeowners have been smashed with interest rate pain for years now and a leading economist warns the stress isn’t going to end anytime soon.
The ASX has closed flat but the big news is the surge in Sigma Healthcare’s share price on continued merger news with Chemist Warehouse Group.
Ahead of key US inflation data to be released on Wednesday night, the ASX finished higher for the third day in a row, buoyed by a rise in interest rate sensitive stocks.
A mixed session saw the local share market finish flat on Monday as a jump in energy stocks and a fall in the material sectors pulled the bourse in both directions.
A major energy project is under investigation after workers flagged safety failures, including unhygienic worksites that lack toilets, soap and sanitiser.
Australia’s population is set to get bigger and older as a relentless immigration boom adds millions more to the country even as natural births decline.
As new data showed the economy “hit the wall” in the September quarter, traders ramped up their bets the RBA would start cutting rates, sending the share market higher.
As household borrowers breathed a sigh of relief as the RBA held off on another rate hike, the Aussie share market had its worst daily result in more than a month.
Ahead of the RBA’s final board meeting for 2023, the Australian share market reached a 10-week high on Monday as fears of further rate tightening continue to fade.
Australian, UK and US defence ministers are touting a brave new world of AI-backed surveillance technology just days after the Chinese navy injured Australian military personnel in the East China Sea.
With the Aussie dollar sitting at three-month highs, it’s good news for those planning a trip to the US, but what’s driving the gains?
Original URL: https://www.themercury.com.au/business/markets/australian-dollar/page/32