Energy stocks lead to dip in ASX
The Australian share market fell again on Thursday, after a poor start thanks to Wall St, as several big name companies report results.
The Australian share market fell again on Thursday, after a poor start thanks to Wall St, as several big name companies report results.
The Australian Stock Exchange ended Wednesday flat after some of the country’s biggest companies reported some less than stellar results.
The Australian share market finished down on Tuesday, following sagging results from jeweller Lovisa and sluggish performance from Zip and Johns Lyng.
The local sharemarket lifted on Monday as buoyant investors cheered the prospect of a September rate cut in the world’s largest economy.
The ASX benchmark sank on Monday as falls in key commodity prices pushed major energy and mining companies lower.
A rebound in energy majors following a sell-off on Thursday saw the benchmark finish in the green on Friday.
Following a drop in oil prices after the delay of an OPEC+ meeting and a decline in iron ore prices, the Australian share market lost ground on Thursday.
An advance in large cap stocks made up for losses in real estate and tech stocks, with the benchmark unchanged on Wednesday.
Despite a fresh warning the RBA is still prepared to hike interest rates, markets were buoyed from a rally by iron ore miners.
A shocking rental lists a dank garage for $1000 a month in a grim reveal of the country’s rental crisis, with many asking how it is legal.
A drop in global oil prices has hit the Australian share market, pushing the benchmark lower on Friday with energy stocks sliding 1.6 per cent.
The parent company behind Optus has denied responsibility for the crippling outage, one day before CEO Kelly Bayer Rosmarin fronts a Senate hearing into the failure.
The Aussie share market sank on Thursday with traders seemingly unphased with the release of fresh employment data.
The budget carrier is offering travellers new direct flights to two of Australia’s most spectacular tourist destinations for just $59.
Original URL: https://www.themercury.com.au/business/markets/australian-dollar/page/33