ASX tumbles on final trading day of 2024
The ASX 200 tumbled during Tuesday’s trading with A-REITs, consumer discretionary and financial stocks all down more than 1 per cent.
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.
The ASX closed down 0.50 per cent on the final trading down of the week, following a horrid day on Wall Street with big tech earnings falling sharply.
The ASX closed down 0.25 per cent as supermarket giants Coles and Woolworths announced weaker than expected sales.
The ASX closed down 0.8 per cent as investors factored in the unlikely chance of getting a rate cut following fresh inflation data on Wednesday.
The Aussie dollar is on track for its worst month since September 2022 as markets price in a win for Donald Trump in next week’s US Presidential election.
The ASX closed up 0.3 per cent for the third straight day, as investors wait for clarity from global markets.
A weaker than expected Aussie dollar and uncertainty around the US election led to a quiet trading day on Monday.
The ASX closed trading up slightly on Friday, but it still fell 0.88 per cent for the week.
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
The ASX 200 has again traded sideways on Thursday, after $48bn was wiped off the sharemarket during Tuesday’s trading.
The precious metal could double in price as central banks continue to cut interest rates.
Original URL: https://www.themercury.com.au/business/markets/australian-dollar/page/9