ASX slides before key economic events
Australia’s market basically has traded flat on Thursday as investors await key economic news out of the US and Europe.
Markets
CBA turns after record; IDP Education routed again
CBA eases after $182 intraday record. Austrac versus Star in court. Tyro sinks as search for new CEO starts. IDP Education rout continues. Lynas soars on broker upgrade.
Back-to-back rate cuts as nation slides into ‘recession’
Australians will likely get a rate cut sooner than expected, with the quarterly national accounts coming in weaker than market estimates.
Back-to-back rate cuts as nation slides into ‘recession’
Australians will likely get a rate cut sooner than expected, with the quarterly national accounts coming in weaker than market estimates.
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ASX at two-month high before US-China talks; tech sector strongest
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Major bank slashes interest rates
Another big four bank has slashed its mortgage rates ahead of the RBA as competition among the banks heats up.
Aussie shares lift on Trump trade deal hopes
Cautious investors pushed the Australian sharemarket higher on Thursday on the prospect of a new Trump trade deal with the UK.
CBA cuts Aus economic growth forecast; Woodside under pressure
Banking giant trims Australia’s GDP growth forecast. Nearly 20 per cent of Woodside investors reject election of climate director. BlueScope warns of an inflation jump from President Trump’s tariffs as he spruiks deal with the UK. Aussie dollar in demand.
Big bank reveals record $11bn revenue haul
One of Australia’s biggest banks has delivered record revenues as its outgoing CEO praises ‘remarkably resilient’ Aussie households.
China’s stimulus packages suggests economic growth concerns: ANZ
China has cut interest rates and announced other economic boosters before its first trade talks with the US since US President Donald Trump’s sweeping tariffs in April. Local shares close slightly higher, bitcoin gains and the AUD is near US65c.
ASX drags during late trading
The ASX 200 closed marginally lower during Tuesday’s trading as the major banks and healthcare drag the market down.
Original URL: https://www.themercury.com.au/business/markets/page/7