Aussie shares retreat on mining slump
The sharemarket retreated on Tuesday on the back of a sharp mining slump.
The sharemarket retreated on Tuesday on the back of a sharp mining slump.
With one simple act, a common financial gripe can be avoided and Australians can save $200m a year, the consumer watchdog says.
Aussie shares booked a positive session on Monday on the back of a relief rally from Wall St on Friday.
There’s a growing cloud of insolvencies ripping through Australian business and one cafe owner says he can’t catch a break.
After Wall St sank lower overnight, the Aussie sharemarket wiped off 0.8 per cent of its value with the big four banks all finishing lower.
The Aussie share market suffered another steep fall on Wednesday, dropping 0.6 per cent when markets opened.
The Aussie share market plunged on Tuesday to its lowest level in six months following a rout in US Treasuries overnight.
Australia’s economic outlook has darkened, with the value of resource exports set for a staggering fall on the back of a China slowdown.
There’s new hope of a resolution to the industrial dispute affecting global energy markets with union workers agreeing to consider a set of recommendations to end the strike.
The Fair Work Commission noted the dispute between Chevron and unions has a potentially devastating effect on global energy markets, which was a key reason to expedite the next hearing.
The share market edged up to finish in the green at the closing bell for the fifth consecutive day of trading.
The Aussie share market remained largely flat with one major retailer seeing its profits slide by more than a third.
The Big Australian has produced billions in profits for shareholders, but the heady days of 2022 look to be over.
The Australian sharemarket closed flat at the end of the Friday trading session, bringing to an end its worst week in almost a year.
Original URL: https://www.themercury.com.au/business/markets/australian-dollar/page/37