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.
Markets
‘Nothing to be happy about’ after weak GDP data; CBA hits record
CBA hits high of $181.39. Slow economic growth undershoots forecasts. Mixi lifts PointsBet bid amid due diligence by rival suitor Betr. Star accused of breach of money laundering laws.
ASX extends run as it approaches highest
Share market bellwether Commonwealth Bank rose to a record Australian high on Wednesday, helping to drag the market higher.
Big paydays for new fashion giant bosses
A big Aussie fashion retailer has just appointed its new chief executive, with promises of multimillion-dollar pay cheques if he meets targets.
More Stories
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.
Stokes bets on China in trade tussle; Regal weighs in on Platinum woes
Trump tariffs in focus for business leaders at Macquarie conference. HMC Capital in talks to re-tenant Healthscope facilities. Regal Partners explains why it abandoned Platinum bid.
Market turns lower; Rinehart rues Liberals’ Trump aversion
Top businesswoman says Liberal Party should have embraced more Trump-style policies, while businessman David Thodey laments Canberra’s lack of ‘vision and an industry strategy for Australia’ in more than 20 years.
Bombshell housing shift is coming for Aus
Aussies love it, as made apparent on Saturday, but economists say it will ruin Australia’s housing market – either way, it now has to happen, or Albo be damned.
Aussies lose millions in Trump tariff chaos
They haven’t been implemented yet, but just the threat of Donald Trump’s US tariffs is damaging some of Australia’s biggest businesses.
CBA’s record breaking day; US-China positive signals lift stocks
Stocks rise as China’s official statement after US outreach on trade talks signals thawing in relations. Block, Corporate Travel shares dive on tariff uncertainty. CBA hits new intraday, closing records.
Judo shares smashed as investors chase CBA
Could CBA’s surge be linked to another short trade? Shares in Platinum and L1 Capital rise on talks for an $18bn merger. Mining and energy declines weigh.
ASX hits two-month high as investors eye May rate cut
Local stocks rise for a fifth day in a row amid expectations the Reserve Bank will deliver another 25 basis points rate cut in May, as inflation hit its target range for the first time since 2021. Technology and property stocks lead gains.
ASX 200 soars to two-month high; Boss Energy, MinRes surge
Billionaire Chris Ellison-led mining giant a top gainer. ASX 200 rebound ‘looks vulnerable’: UBS. Endeavour taps former Virgin fix-it CEO. Tripp’s Betr lobs ‘funded’ bid for PointsBet.
Key issue that could sway election
Gen Z and Millennial voters are now the largest voting block in Australia and a new poll has delivered a clear warning to the major parties about what they want.
Original URL: https://www.themercury.com.au/business/markets/page/8