Today
- Live
- Markets Live
ASX flat, CSL on course for biggest drop this year
Shares steady; immunoglobulins unit boosts CSL earnings; Seek hit by job ads fall; Orora knocks back Lone Star’s bid; NBN losses deepen. Follow updates here.
- 33 mins ago
Yesterday
ASX climbs as consumer stocks rally; Beach sinks 13pc
Shares advance; JB Hi-Fi flags special dividend; Aurizon announces $150 million buyback; Beach Energy plunges into loss; CAR Group revenue jumps. Follow here for more.
Why this fundie is betting big on Macquarie Group
K2’s George Boubouras is not worried about the recent market turmoil or the US economy, instead he’s betting on mid-caps and Australia’s biggest investment bank.
This Month
ASX to rise as earning season sheds light on health of economy
Traders will also look at unemployment figures to be released this week as an indicator of whether the Reserve Bank is preparing to cut – or raise – rates.
ASX rallies, but drops 2pc on the week
Shares rally; Whitehaven Coal given legal nod for Narrabri; NewsCorp to sell Foxtel; QBE posts $1.2b profit; Life360 ups guidance; Nick Scali profit slides. Follow updates here.
- Updated
ASX falls as miners weigh; AMP shares soar 13pc
Shares lower at the closing bell; AMP’s profit rises; former Qantas boss Alan Joyce to lose more than $9 million in bonuses; Myer warns on profit; iron ore falls below $US100. Follow updates here.
Why the market doesn’t believe the RBA on rates
Despite the surprisingly strong hawkish rhetoric from the Reserve Bank this week, bond traders (and some economists) aren’t buying it.
- Updated
ASX lifts as GPT shines, Rio slumps
Shares reverse early losses; Wall Street firms amid persisting volatility; shares in retailers and property lose steam; lower iron ore prices hit miners. Follow updates here.
- Updated
Traders don’t believe the RBA’s warning on rates
Bond markets are still wagering that the Reserve Bank will cut interest rates this year even as the central bank said it considered a rise on Tuesday.
ASX rebounds after global rout; Woodside shares tumble
Shares advance at the closing bell; US futures bounce back; Treasury Wine flags impairment; Coronado revenue slumps 10 per cent; Bullock says rate cut not on the agenda in 2024. Follow updates here.
- Updated
Traders bet on rapid rate cuts as recession fears deepen
Bond prices are soaring globally after weaker US jobs data rattled investors and prompted traders to dial up the need for urgent rate cuts in both the US and Australia to stem an economic downturn.
ASX charts worst day in four years; tech stocks crumble
The sharemarket ended the session 3.7 per cent lower. Wall Street tumbles after July jobs miss. ResMed unscathed by market-wide rout. Follow here for more.
ASX dives 2.1pc as NAB, CBA, Westpac slammed
Shares plunge; Macquarie eyes $1b hybrid issue; Afterpay’s Nick Molnar promoted to head of sales for Block; ResMed revenue up 9pc; Follow updates here.
- Updated
Fed’s rate cut conviction sweeps RBA up in global easing hopes
Markets are fully priced for Jerome Powell’s September easing, but economists do not share the same enthusiasm that the Reserve Bank may not be far behind.
- Updated
ASX tops 8100 points; oil gains on MidEast worries, DroneShield sinks
Australian shares reset record high. Meta rallies after its results beat expectations. Regulator backs Namoi Cotton buyout. Follow updates here.
- Updated
June
ASX drops after CPI spike; Deutsche Bank, UBS say RBA hikes in August
Money markets ramp up rate hike bets after inflation data comes in hotter than expected. Collins Foods sinks 8pc. Follow updates here.
- Updated
Hot inflation fans bond market meltdown
The Aussie dollar jumped to US66.74¢ and bond yields surged to their highest in a month after a strong inflation report dashed hopes of lower interest rates.
ASX rallies 1.4pc as Collins Foods jumps
Shares rebound; Energy & Minerals Group quits Coronado bid; ResMed dives 11pc in the US; Qantas buys 14 DeHavilland aircraft; Healius updates earnings guidance. Follow updates here.
- Updated
Why now’s a good time to visit Europe (and it’s not the Olympics)
French political turmoil is good news for Australians heading to Europe with the dollar trading at its highest level against the euro in a year.
ASX slips; Cettire slumps 49pc; Paladin to buy Fission for $1.3b
Shares close down 0.8 per cent; Star drops after profit warning; Myer explores merger with Premier’s Just Jeans, Jay Jays; Cettire issues profit warning; ResMed sinks as Ozempic fears resurge. Follow updates here.
