Investment
Daily Australian and global market wrap covering equities, bonds, currencies, and the news driving investor sentiment.
ASX buoyed by financial sector, rate pause hopes, Domino's upgraded
Sharemarkets continue to navigate the escalating global banking crisis, with the S&P/ASX200 managing to deliver a 0.8 per cent gain on the back of a 1.2...
Crisis fears cause jittery market
The cauterising of the Credit Suisse wound over the weekend, as emergency talks in Europe ended with UBS buying its embattled rival in a $4.5 billion...
ASX rallies into the close, Liontown surges, Close the Loop in acquisition mode, banks rally
The local market powered into the close, overcoming early losses to finish 0.4 per cent higher. The energy and financial sectors were central to the positive...
Bank run spreads to Credit Suisse, ASX falls, materials, energy in focus
Another day, another recapitalisation of bailout of a major bank. It was all about global giant Credit Suisse (SWX:CSGN), the company that had been in the news...
ASX rallies as regional banks recover, retail underperforms, China growth returns
Positive sentiment continues to return to the local market, with the S&P/ASX200 gaining 0.9 per cent on Wednesday. While the technology sector was the...
Market sinks on contagion fears, technology, energy hit, Computershare sinks
The local market has now given back most of the gains achieved in 2023, falling 1.4 per cent on Tuesday as concerns of further bank runs spread around the...
US Bank woes hurt market despite deposit news
The failure of two major banks in the United States on Friday continued to roil markets, with the US indices – and bond yields – falling over the...
Managed fund levels head back toward record highs as returns improve
Growth in superannuation drove Australia's managed fund industry to near-record levels in the December 2022 quarter. While most asset classes delivered...
Myer, Xero provide Thursday highlights
There was not much action on the Australian share market on Thursday, if you are judging that by index movements: the benchmark S&P/ASX 200 index added 3.3...
Gold, coal hit the skids
Australia’s benchmark S&P/ASX200 index closed down 56.9 points, or 0.8 per cent, on Wednesday, to 7,307.8, while the broader All Ordinaries was 58.8...
Lowe might not go as high
While the Reserve Bank of Australia, as expected, lifted the country’s official cash rate by 25 basis points to 3.6 per cent, in the tenth consecutive...