Investment
Daily Australian and global market wrap covering equities, bonds, currencies, and the news driving investor sentiment.
Rate rise surprises no-one
As widely expected, the RBA raised the cash rate by 0.5 percentage points yesterday, taking it to 1.35%, as widely expected. This is the fastest back-to-back...
Warning: interest rate rise ahead
The Australian share market ended in the green on Monday, despite investor skittishness ahead of today’s Reserve Bank board meeting. The central bank is...
Market reverses gains, commodities, energy sink, Brambles cut CostCo deal
The Australian market started the session on a positive note, moving as much as 1 per cent higher on the first day of the new financial year but ultimately...
Local market gains on earnings, Tassal gets a bid, BWX slumps
The local market managed to deliver another strong day, the S&P/ASX200 finishing 0.9 per cent higher. Five sectors were lower, albeit only slightly, with...
Market buoyed by Wall Street, gold stocks tank, OZ Minerals downgrade
A positive lead from Wall Street, in which bad news on the economy became good news for stocks, resulted in the ASX gaining 1.9 per cent to begin the week....
ASX snaps losing streak, Qantas cuts debt, Vulcan surges on big deal
The local market has reversed two straight weeks of losses, posting a 0.8 per cent gain on Friday which took the S&P/ASX200 to a weekly gain of 1.6 per...
Market overcomes lithium rout, Lake Resources continues to tank, property outperforms
The selloff in lithium stocks has returned once again, with the likes of Pilbara (ASX: PLS) and Liontown (ASX: LTR) pushing the commodities sector to a 1.5 per...
Market struggles to maintain gains, Crown Sydney approved, coal remains in focus
The positive sentiment couldn’t be maintained on Wednesday with weakness in the technology and financial sectors sending a 0.5 per cent gain to a 0.2 per...
Markets weaken on threat of recession, commodities, energy tank, Vicinity upgrades
The local market open on an unexpectedly positive tone but ultimately finished 0.6 per cent lower as commodity and energy prices fell across the board. The...
ASX caps worst week in two years, Humm deal off, oil falls
The local market capped its worst week since March 2020 falling 1.8 per cent on Friday and dragging the S&P/ASX200 down 6.6 per cent for the week. This...
ASX sinks to another loss, Link tanks on competition concerns, NZ contracts
Australian shares were as much as 1.1 per cent higher during Thursday’s session following the Federal Reserve decision to hike interest rates by 0.75 per...