‘Day of reckoning’: Aussies’ chilling warning
A senior economist has warned of a “day of reckoning” amid rising inflation and interest rates, with Australians warned that a crisis could soon be on the cards.
Markets
ASX extends losses as Wall St stumbles
After posting strong gains in November and December, the local share market is off to a rocky start in 2024.
300 jobs at risk as coalmine goes bust
A privately held coal company has slipped into administration just two days after Christmas, putting the livelihoods of about 300 people at risk.
ASX skids after nudging record high
Fears that central banks will not cut interest rates as aggressively as anticipated stoked a broad selloff on the benchmark on Wednesday.
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ASX plunges as iron ore price collapses
Australian investors endured a brutal day after the stock market fell to a fresh eight-month low and the price of iron ore plunged.
ASX drops 2.1%, miners hit as iron ore prices tumble
Stocks were heavily sold off, finishing 2.1 per cent lower. Investors dumped mining stocks as iron ore futures fell more than 10 per cent. Transurban to raise $4.2bn for toll road deal. AusNet gets $9.6bn bid.
Fortescue smash sinks ASX, as iron ore falls
ASX 200 recovered slightly by the close from a 1% drop after iron ore continued to freefall. Fortescue lost 11%. Iress down 10.5%.
ASX closes up 0.6%, banks, CSL, BHP gain
Iron ore futures -12% in 2 days, ASX 200 gives up early strong gains, closing 0.6 per cent higher. Bank stocks, plus CSL, BHP, South32 gain. Jobless rate fell to 4.5% but employment dived.
ASX tipped to slip, Wall Street mixed
Stocks are set to open lower as the Dow rallied but other US indexes dipped. RBA speech on economy ahead.
ASX trims fall to close down 0.3%
ASX recovers from 0.8% drop to close down 0.3%. Iron ore futures fall. Apple unveils new iPhone. AGL record low.
Chinese property giant on its knees
Debt-stricken Chinese developer Evergrande has reached crisis point in more bad news for Australian investors and the iron ore price.
Fake press release boosts crypto value
A fake media release that was shared by news sites sent the stock market into a short-lived frenzy before the company involved revealed the truth.
Lowe speech lifts ASX from the doldrums
An upbeat economic speech from RBA governor Philip Lowe has provided a pleasant surprise for local traders.
Airport soars on $23.6bn takeover offer
The ASX 200 rose and shares in Sydney Airport flew as shareholders salivated over a new takeover offer by a consortium of superannuation investors.
Original URL: https://www.themercury.com.au/business/markets/page/199