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ASX rallies as ‘very good’ inflation data sparks rate cut bets
The Australian sharemarket reversed an early slide on Wednesday, after inflation data spurred hopes for an interest rate cut next month.
- Daniel Lo Surdo
Latest
Trump, Bitcoin and China: The booms and busts awaiting the ASX in 2025
Australia’s market analysts have forecast steady growth for the domestic sharemarket in 2025, despite looming uncertainties hanging over the next 12 months.
- Daniel Lo Surdo
- Exclusive
- Blood Gold
Australian gold miner makes $443 million claim in international court
Cassius filed its claim two years after an investigation revealed a Chinese mining company had plundered tens of millions of dollars in gold from its veins.
- Eryk Bagshaw and Edward Adeti
Is infrastructure demand stealing tradies from housing? This CEO says yes
The construction boss says diverting tradies from building much-needed homes to help governments deliver on their infrastructure agenda has caused problems.
- Sumeyya Ilanbey
- Updated
- World markets
ASX closes on a high as CBA, mining stocks rally
The local index was boosted by a raft of soaring stocks as investors remained optimistic for news of a stimulus boost from China.
- Hannah Hammoud
Australia’s construction sector faces zombie apocalypse
With the housing crisis worsening, the construction sector might be the next to join the ranks of the walking dead.
- Hannah Hammoud
MinRes board in damage control over ‘tax evasion’ probe amid share-price spiral
The board will detail how it intends to handle an alleged tax evasion scheme involving founder Chris Ellison, as $2.4 billion is shaved off the company’s value.
- Jesinta Burton
Cut priced in: Markets eagerly wait for Fed’s view of the economy
With annual inflation easing in the US, financial markets have priced in a 25 basis point cut to the cash rate at the Fed’s next meeting this week – the last before the November presidential election.
- Sumeyya Ilanbey
HESTA pressures Australia’s largest companies to adopt gender targets across entire organisation
The $87 billion fund has written to the ASX 300 companies it invests in to commit to ensuring 40 per cent of its staff are women.
- Sumeyya Ilanbey
- Editorial
- Casinos
NSW government’s rejection of tax relief for Star is right decision
The Minns government has rightly rejected the beleaguered Star Entertainment Group’s appeal to the public purse for rescue funds.
- The Herald's View
Original URL: https://www.watoday.com.au/topic/asx-5d