Investment
Daily Australian and global market wrap covering equities, bonds, currencies, and the news driving investor sentiment.
Interest rate hikes won't be felt until December
Higher rates are leading to property prices rolling over and investors rushing for the exits. As ever, though, in times of pressure loan serviceability remains...
Market sinks on US inflation, property, tech lead selloff, Atlas capital raising
The local market fared better than global shares on Wednesday, falling 2.6 per cent in comparison to the 5 per cent drop in the Nasdaq. There was red across...
Four straight winning days, consumer, property sectors outperform, Ramsay deal cut
The local market managed a fourth straight day of gains, adding 0.6 per cent behind a strong performance from the property and consumer facing sectors....
Commodity prices boost local market
Australian shares advanced for a third straight day on Monday, driven by the materials sub-index, which rode rising commodity prices to a 2.2 per cent gain....
RBA spurs market to gain, Mineral Resources rockets, Nuix jumps
The local market was buoyed to a significant 1 per cent gain for the week, following a strong day on Friday. The 0.7 per cent gain was driven by the energy and...
RBA speech boosts market, Link deal set to proceed
The Australian sharemarket surged in the afternoon, gaining more than 1.6 per cent after the Reserve Bank Governor flagged a more cautious approach to future...
Market retreats, healthcare, currency boost, Metcash upgrades
The Reserve Bank of Australia’s aggressive pursuit of a neutral interest rate policy setting has offered a challenging backdrop to the sharemarket this...
Rate Rises the New Normal
After a positive start, the local market turned tail after the Reserve Bank board lifted the cash rate target by 50 basis points to 2.35 per cent, its highest...
Energy woes power local market
Energy powered the Australian market higher on Monday, with a 4 per cent rise in the S&P/ASX 200 Energy index at the heart of market sentiment, as oil, gas...
Miners push market to poor week, financials bounce on Friday, AMP loses contract
The local market capped off the worst week in several months, falling another 0.3 per cent and taking the weekly loss to 3.9 per cent. On Friday it was the...
Market weakness continues on bond yields, Suez Canal blocked again, BHP goes ex
The local sharemarket continued its recent weakness, falling another 2 per cent for the first day of spring. Australia’s largest...