ASX edges higher on tech, property rally
A rally in interest rate sensitive stocks on Wednesday pushed the sharemarket into the green for a fifth consecutive session.
Markets
ASX flatlines; Perpetual slammed
The market closed broadly flat, with seven of the 11 sectors in the black. Perpetual’s forgettable day after KKR deal triggers calls for chair to exit with outgoing CEO. Analyst downgrades hit Imdex. IPH bids for Adamantem-target Qantm.
ASX 200 climbs 1.4pc, AUD down after RBA
RBA board considered a rate hike, ‘not ruling anything in or out’. Inquiry wants steps to combat supermarket giants’ power. Earnings upgrade lifts AGL. ANZ profit down, $2bn buyback ahead. Sims tanks.
ASX ends up 0.7pc; Westpac lifts investor mood
Australia’s sharemarket rose for a third day running, tracking the US market to its highest daily close in almost two weeks, after cooling non-farm payrolls data gave hope of a soft economic landing with interest rate cuts.
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War’s winners and losers on the stockmarket
Vladimir Putin’s brutal war on Ukraine is chaotically reshaping the global economy, and investors should be prepared to make changes. Here are the potential winners and losers on the ASX.
Miners, energy stocks drive ASX gains
ASX 200 extends gains for a fifth day in a row, led by mining and energy companies. Santos CEO reverses MinRes board move and CommSec to pay $20m fine for overcharging.
Coal stars as ASX rides resources wave
Further gains for oil and iron ore on the ASX 200 and near-record coal prices fuelled a rollicking run for Australia’s resources sector.
ASX extends gains as oil soars
ASX 200 extends gains for fourth day, closing up 0.3 per cent after GDP jumps in fourth quarter as US futures turn up, damping negative offshore leads. Oil prices spike.
Metals and oil boom drags ASX higher
Investors remain uncertain in the face of the Russia and Ukraine conflict but an associated spike in commodity prices helped Australia’s mining and energy sectors bounce on Wednesday.
‘World beater’: Big rap for Aussie economy
A surge in household spending helped Australia’s economy rebound in the December quarter, prompting this claim.
ASX in black amid Ukraine crisis
ASX closes up 0.7 per cent, led by energy, tech and banking stocks. RBA flags inflation ‘spike’ amid Ukraine crisis. Crown faces $1bn fine and Virtus ignores BGH on revised CapVest bid.
‘Disbelief’ as crypto does the impossible
Bitcoin has seemingly risen from the dead in a move that has experts scratching their heads as the Russian invasion of Ukraine rages on.
War doesn’t mean investors should panic
Stockmarkets saw the Ukraine war coming, and after an initial plunge they bounced back. Things may get worse, but there are lessons investors should remember.
ASX spikes amid Ukraine war
ASX finishes up 0.7 per cent as resource stocks rally, amid harsher sanctions on Russia. Zip and Sezzle to merge, Suncorp hit with $75m flood cost and BGH ups its Virtus bid.
Original URL: https://www.themercury.com.au/business/markets/page/189