Investment
Daily Australian and global market wrap covering equities, bonds, currencies, and the news driving investor sentiment.
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...
Market marks time ahead of rates call
Ahead of what is expected to be another 25-basis-point interest rate rise announced today, it was a reasonably positive tone from the Australian share market...
ASX stages late rally, but falls for fourth straight week, iron ore surge continues
The local market managed to finish the week on a positive note, gaining 0.4 per cent, but ultimately capping a fourth straight week of losses to finish 0.3 per...
Firming iron ore steels Australian market
Rising iron ore prices helped mining heavyweights BHP Group, Rio Tinto, Fortescue Metals and Mineral Resources on Thursday, and in turn that helped to push...
China optimism surge sparks miners
Optimism for mining stocks battled a downturn in the big banks in deciding the direction for the Australian share market on Wednesday, with the banks...
Retail rally points to rising rates
Australian retail sales rebounded in January as household spending defied inflation and higher borrowing costs, strengthening the case for the Reserve...
US inflation hammers local stocks
Local investors had the weekend to digest Friday night’s alarming report of the Federal Reserve’s preferred inflation metric, and they decided they...
Brambles buoys market, ASX gains, Rio Tinto sinks as Dominos burned
The busiest week of reporting season ended on a positive note, with the industrials and technology sectors, up 1.4 and 2.4 per cent respectively, contributing...
Qantas profit disappoints, cars, grain support Qube, ASX down
Another bumper day of profit announcements wasn’t enough to send the S&P/ASX200 higher on Thursday, with the materials sector, down 1.6 per cent,...