Australia shares edge higher from seven-month lows as bargain hunters step in
1 week, 2 days ago

Australia shares edge higher from seven-month lows as bargain hunters step in

Live Mint  

March 13 - Australian shares eked out modest gains on Thursday, rebounding from a seven-month low, as investors took advantage of recent weakness to buy the dip after U.S. President Donald Trump's tariff debacle sent markets substantially lower. However, markets continued to weigh the downside risks of an escalating global trade war, triggered by U.S. President Donald Trump's latest tariff measures. Financial stocks snapped a seven-day losing streak, rising 0.2%, as Australia's "big four" banks posted modest gains. Consumer staples added 0.5%, supported by defensive buying, while real estate stocks rose 1.5% as lower bond yields lifted appetite for interest-sensitive sectors.

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History of this topic

The one Aussie export Americans are fighting to buy before Donald Trump puts a tariff on it
1 week, 1 day ago

The one Aussie export Americans are fighting to buy before Donald Trump puts a tariff on it

Daily Mail  

Americans are clamouring for Australian gold and regard it as a safe haven bet against Donald Trump's trade war. The gold price hit a new record high of $US2,992 an ounce on Friday afternoon, with the value of the commodity soaring as new American import tariffs caused global share markets to plunge. Dr Oliver said Trump would be unlikely to …

Australia shares lean into correction territory as US tariff tensions loom
1 week, 3 days ago

Australia shares lean into correction territory as US tariff tensions loom

Live Mint  

March 12 - Australian shares extended losses on Wednesday to briefly enter correction territory, as investor appetite dampened after local media reported that the White House had confirmed no exemptions for Australia from U.S. steel and aluminium tariffs. Local media reported that Australia will not be exempt from U.S. steel and aluminium tariffs that President Donald Trump's administration will impose …

Australia, New Zealand currencies edge higher as US economic fears drag dollar
1 week, 5 days ago

Australia, New Zealand currencies edge higher as US economic fears drag dollar

Live Mint  

* Aussie, Kiwi near five-year lows on euro * Wall Street futures sink, lower bond yields bring dollar lower * Little domestic data expected this week SYDNEY, March 10 - The Australian and New Zealand dollars eked out small gains on Monday after U.S. President Donald Trump refused to rule out a recession from his trade policies, triggering a flight …

Australia, NZ dollars back off resistance, tariff risk looms
3 weeks, 4 days ago

Australia, NZ dollars back off resistance, tariff risk looms

Live Mint  

By Wayne Cole SYDNEY, Feb 25 - The Australian and New Zealand dollars were on the back foot on Tuesday after again failing to clear resistance, and markets were reminded the next round of U.S. tariff jeopardy was just days away. President Donald Trump on Monday indicated proposed levies on Mexico and Canada were still set to start next week, …

Australia, NZ dlrs scale two-month highs, RBA hawkish on easing
1 month ago

Australia, NZ dlrs scale two-month highs, RBA hawkish on easing

Live Mint  

By Wayne Cole SYDNEY, Feb 21 - The Australian and New Zealand dollars hovered near two-month highs on Friday as worries about a global trade war abated a little, while Australia's central bank sounded a hawkish tone on future rate cuts. "Future rate cuts will likely be more a case of benign inflation readings allowing the RBA to remove the …

The fallout of Trump's tariffs hits financial markets as ASX dives. Here's what it means for Australia
1 month, 2 weeks ago

The fallout of Trump's tariffs hits financial markets as ASX dives. Here's what it means for Australia

ABC  

Tariffs imposed by US President Donald Trump may not be a surprise, but they have certainly caused a shock on financial markets. "But central banks still cutting rates with the RBA joining in, prospects for stronger growth later in the year supporting profits, and Trump's policies ultimately supporting US shares, should still mean okay investment returns," Dr Oliver said. "The …

Aussie dollar hits five-week high on Trump's China comments, ASX up after S&P 500 record — as it happened
1 month, 3 weeks ago

Aussie dollar hits five-week high on Trump's China comments, ASX up after S&P 500 record — as it happened

ABC  

If you've been on the lookout for wedding rings — or jewellery containing gold — you may have noticed they're a lot more expensive these days! Lately, there has been a "de-dollarization" movement by central banks — to hold other reserve assets and diversify away from the US dollar and US Treasury bonds. Weak Aussie dollar playing a role In …

Australia shares snap 3-day losing run as miners, energy stocks gain
2 months, 1 week ago

Australia shares snap 3-day losing run as miners, energy stocks gain

Live Mint  

Jan 14 - Australian shares snapped a three-day losing streak on Tuesday, with miners and energy companies leading the gains on strong underlying commodity prices. Heavyweight miners gained 0.8%, the highest since Dec. 18, 2024, after iron ore prices hit more than two-week high as revived hopes of more stimulus from top buyer China boosted sentiment. Energy stocks extended their …

ASX loses more than 1pc as bank stocks tank, Aussie dollar under pressure — as it happened
2 months, 1 week ago

ASX loses more than 1pc as bank stocks tank, Aussie dollar under pressure — as it happened

ABC  

Wall Street's key indices were floored by the old "good news is bad news" sucker punch after stronger than expected US jobs data undermined the case for large rate cuts from the Fed. "This is one of those classic good-news-is-bad-news types of data point," chief investment officer at Ocean Park Asset Management, James St. Aubin told Reuters. The jobs data …

Aussie Dollar Traders Ramp Up Bearish Bets With 2022 Low in View
2 months, 1 week ago

Aussie Dollar Traders Ramp Up Bearish Bets With 2022 Low in View

Live Mint  

-- Traders are increasingly positioning for the Australian dollar to fall to levels last seen in 2020 as economic data weaken and increased US tariffs look more likely. Option trading volume on the Australian dollar versus the greenback on Wednesday surged to the highest in three weeks as the pair hovered not far above 0.6170, its 2022 low, according to …

Australian shares fall as banks and miners drag
2 months, 3 weeks ago

Australian shares fall as banks and miners drag

Live Mint  

Dec 30 - Australian shares fell on Monday after three straight sessions of gains, as index heavyweight banks retreated and mining stocks declined on weak underlying commodity prices. The benchmark has risen 8.4% so far this year, heading for a second straight session annual gain, even though investors were worried about an uneven economic recovery in Australia's top trading partner …

The Australian dollar could be heading to a 20-year low, on risks of China, Trump and slow growth
2 months, 3 weeks ago

The Australian dollar could be heading to a 20-year low, on risks of China, Trump and slow growth

ABC  

You wouldn't be an economics forecaster for quids. A weak Chinese economy, American threats to impose punishing trade tariffs, a poor medium-to-longer-term outlook for our key exports and a sluggish economy are likely to keep the Australian dollar under pressure through 2025, threatening to send it into the 50 US cents. The upside of heading down The Australian dollar is …

Donald Trump's tariffs and inflation threaten record run-up in shares
3 months ago

Donald Trump's tariffs and inflation threaten record run-up in shares

ABC  

Shares suffered heavy falls on Thursday and Friday, closing the week at a three-month low. "Oh, we're trading ugly, there's no two-ways about it," investment firm MooMoo's chief commercial officer Michael McCarthy said. "We're changing the way we're thinking about the future and, as we know, markets don't price what's happening today, the share market prices in what's happening in …

Australia shares fall 1% on commodity declines, CBA posts slightly better profit
4 months, 1 week ago

Australia shares fall 1% on commodity declines, CBA posts slightly better profit

Live Mint  

Nov 13 - Australian shares fell on Wednesday for the third consecutive session, with the mining and financial sectors declining the most, and the country's number one bank fell after it reported earnings. The mining index bore the brunt of weaker iron ore prices in top steel producer China as investors remained unconvinced of the stimulus measures to prop up …

Commodity stocks drag Australian shares lower on China stimulus letdown
4 months, 1 week ago

Commodity stocks drag Australian shares lower on China stimulus letdown

Live Mint  

Nov 12 - Australian shares fell on Tuesday for a second straight session, dragged down by losses in heavyweight mining and energy stocks as China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest economy. Iron ore prices closed lower on Monday as another round of stimulus measures by top buyer China disappointed investors who had hoped …

Australia Consumer Sentiment Climbs Even as Trump Clouds Outlook
4 months, 1 week ago

Australia Consumer Sentiment Climbs Even as Trump Clouds Outlook

Live Mint  

Australia’s consumer confidence rose in November, building on last month’s gains as households are no longer concerned about the risk of further interest rate increases, though Donald Trump’s election victory caused some uneasiness. The details showed that consumer sentiment was “markedly higher” at the start of the week with an index reading of 99.7 but posted a sharp fall following …

Why war, economic unrest and a looming US election could send Australian gold prices to new heights
11 months ago

Why war, economic unrest and a looming US election could send Australian gold prices to new heights

ABC  

In short: Australian gold prices hit record highs this week. Surbiton director Sandra Close said while gold production was off nearly 3 per cent, it was due to miners blending in lower grade ore amid higher prices. "It's really nothing to worry about with this decline on an annual basis, because gold prices have been going up and up," she …

Australian gold price hits record high as investors seek security amid Israel-Gaza war
1 year, 5 months ago

Australian gold price hits record high as investors seek security amid Israel-Gaza war

ABC  

Investors looking for financial safe haven amid intensifying conflict in the Israel-Gaza war and growing global uncertainty have sent the price of gold to record levels. Key points: The gold price rise has been attributed to conflict in the Middle East and the exchange rate with the United States While the gold price has hit records in Australian dollar terms, …

Australian dollar ‘at risk of a slide’ as China’s economic troubles deepen
1 year, 7 months ago

Australian dollar ‘at risk of a slide’ as China’s economic troubles deepen

ABC  

The Australian dollar hit a nine-month low against the US dollar Monday. Key points: The Australian dollar has hit a nine-month low There are growing concerns about the health of China's economy Global investors are on edge as another major Chinese investment firm shows signs of stress It fell to 64.59 US cents before recovering in afternoon trade to 64.8 …

Stock market today: Asian stocks mixed after Wall St hits 15-month high ahead of holiday
1 year, 8 months ago

Stock market today: Asian stocks mixed after Wall St hits 15-month high ahead of holiday

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Asian stock markets were mixed …

Australian retail sales suffer first fall of 2022 as inflation bites, ASX lower
2 years, 3 months ago

Australian retail sales suffer first fall of 2022 as inflation bites, ASX lower

ABC  

Australian retail sales suffered their first fall of 2022 in October as rising prices and higher interest rates finally seemed to have an impact on spending, a surprisingly soft result that suggests tighter policy is working as intended. Key points: The ASX 200 has lost around 3 per cent since the year began Wall Street had a mixed session on …

Australian dollar sinks to 29-month low on 'rising risk' of global recession, ASX drops 1.4 per cent
2 years, 5 months ago

Australian dollar sinks to 29-month low on 'rising risk' of global recession, ASX drops 1.4 per cent

ABC  

Australian shares have fallen significantly, tracking heavy losses on Wall Street as worries about higher interest rates and a potential recession in the United States hurt investor sentiment. Key points: The Australian dollar peaked at 76.6 US cents in April It has since dropped 17 per cent as global recession fears mount The US Fed is tipped to lift interest …

No let-up to share market sell-off as recession fears build
2 years, 9 months ago

No let-up to share market sell-off as recession fears build

ABC  

There are some heavy emotions attached to the share market, aren't there? So, from its all-time high set in August last year, the Australian share market is now down 15 per cent. The US Federal Reserve decided to be quite aggressive on that front, raising its "Fed Funds" rate — equivalent to the RBA's cash rate target — by 0.75 …

Wall Street has entered 'bear' territory and recession is on the cards. What does it mean for the Australian share market?
2 years, 9 months ago

Wall Street has entered 'bear' territory and recession is on the cards. What does it mean for the Australian share market?

ABC  

The Australian Securities Exchange is inching towards "bear" market territory. The fear is that it will increase its "funds rate", equivalent to the Reserve Bank's cash rate target by 0.75 per cent – the largest increase since 1994. Danielle Ecuyer believes the Federal Reserve will "go as hard as it can" to quash demand in the US economy to lower …

ASX plunge: Here's what's happening in the Australian share market and why we're talking about recession again
2 years, 9 months ago

ASX plunge: Here's what's happening in the Australian share market and why we're talking about recession again

ABC  

On Tuesday, the Australian share market fell by more than 5 per cent within the first 20 minutes of trading and, by the end of the day, nearly $90 billion had been wiped from it. $88 billion wiped off Australian share market on 'one of the worst down days' Photo shows A man with a backpack looks at a screen …

Australia's big four banks missed a 0.5 percentage point Reserve Bank rate rise in June
2 years, 9 months ago

Australia's big four banks missed a 0.5 percentage point Reserve Bank rate rise in June

Daily Mail  

None of Australia's big four banks predicted the steepest monthly increase in interest rates in 22 years to combat the highest inflation in two decades. The Reserve Bank of Australia on Tuesday raised the cash rate by half a percentage point - the first time it had done this since February 2000 What the big banks had wrongly predicted Commonwealth …

Macquarie takeover boosts Bingo but ASX falls on mixed US leads
3 years, 10 months ago

Macquarie takeover boosts Bingo but ASX falls on mixed US leads

ABC  

The Australian share market has ended Tuesday in negative territory, despite some large gains off the back of takeover offers. Key points: Waste company Bingo Industries is being bought by Macquarie Group for $2.3b US tech stocks hit record highs during reporting season, with Tesla leading the charge before falling after hours ASX 200 down 0.2 per cent in early …

Australian share market dragged down by miners despite Wall Street records
3 years, 11 months ago

Australian share market dragged down by miners despite Wall Street records

ABC  

The local share market has closed in the red, with mining stocks among the worst performers. Key points: Mining stocks, including gold miners, weighed on the ASX 200 In Hong Kong, shares in e-commerce giant Alibaba have surged Wall Street finished its week with records for the S&P 500 and Dow Jones The ASX 200 ended down by 0.3 per …

ASX gains as GDP rebounds, despite tech-led Wall St sell-off
4 years ago

ASX gains as GDP rebounds, despite tech-led Wall St sell-off

ABC  

The Australian share market ended Wednesday on an upbeat note as GDP figures show that Australia's economy is recovering from the shock hit of COVID-19. Key points: ASX 200 gained 0.8 per cent on Wednesday Promising GDP figures follow other economic indicators showing gains this week The Nasdaq fell 1.7pc, the S&P 500 0.8pc and the Dow Jones 0.5pc The …

Australian shares erase gains after the Reserve Bank keeps rates on hold
4 years ago

Australian shares erase gains after the Reserve Bank keeps rates on hold

ABC  

The Australian share market has reversed course and ended lower as the Reserve Bank offered no new stimulus for the improving Australian economy, despite turmoil in the bond markets that has pushed up interest rates. Key points: Australian market falls after RBA keeps rates on hold at 0.1pc ASX 200 down 0.4pc to 6,762, All Ordinaries down 0.5pc to 7,010 …

Bitcoin surges to another record high; Australian shares rise as global market rally slows down
4 years, 1 month ago

Bitcoin surges to another record high; Australian shares rise as global market rally slows down

ABC  

Australian shares have recovered some of Wednesday's losses, while bitcoin hit another record high and US markets took a breather after rising sharply for several days. Key points: Bitcoin climbed as high as $US48,226, after surging in the past year Consumer sentiment has risen to 109.1 points CBA's half-year profit dropped, but it will pay an interim dividend of $1.50 …

Asian stocks creep higher on US stimulus hopes, yuan sinks
4 years, 5 months ago

Asian stocks creep higher on US stimulus hopes, yuan sinks

Live Mint  

Asian stock markets began the week with cautious gains on Monday, as investors clung to hopes for U.S. stimulus spending, while the dollar firmed after a Chinese central bank policy tweak unwound some of the yuan's steep gains. The People's Bank of China has scrapped a requirement for banks to hold a reserve of yuan forward contracts, removing a guard …

Australian shares drop as gold surges above $US2,000 for first time
4 years, 7 months ago

Australian shares drop as gold surges above $US2,000 for first time

ABC  

Australian shares fall modestly, while gold prices surge to fresh record highs. Bullion has soared 33 per cent so far this year, supported by lower interest rates and safe-haven buying on concerns the US central bank's monetary policy and government stimulus are devaluing the greenback. Ms Birch still expects Australia's official unemployment rate to rise to 8.5 per cent by …

Australian shares jump on tech rally, as Nasdaq climbs to record high
4 years, 7 months ago

Australian shares jump on tech rally, as Nasdaq climbs to record high

ABC  

Australian shares have surged nearly 2 per cent, boosted by an expansion in the US manufacturing industry and a rally in technology stocks on Wall Street. Key points: With today's gains included, the ASX 200 has fallen about 10pc since the year began Retail sales lifted 2.7pc in June, before Melbourne's lockdown worsened Donald Trump has threatened to ban TikTok …

Australia shares creep higher despite spike in virus cases
4 years, 8 months ago

Australia shares creep higher despite spike in virus cases

Live Mint  

Australian shares closed marginally higher on Friday, helped by gains in mining and material stocks even as concerns over rising coronavirus cases kept many investors on the sidelines. Mining stocks climbed 0.8%, led by a 4.4% rise in Alumina Ltd. South32 Ltd advanced 4.2%, while Rio Tinto closed 0.6% higher after touching a near six-month high earlier in the day. …

Australian share market rises, dollar comes off five-month high
4 years, 9 months ago

Australian share market rises, dollar comes off five-month high

ABC  

The Australian share market rose this session but ended off its early highs, after a strong session on Wall Street. Key points: The major US share indices gained between 0.8 and 2.05pc last night The Nasdaq is now just 1.4pc from its record high set in February, the S&P 500 still 7.8pc off The Australian dollar has eased back from …

Australian dollar retreats to 69.3 US cents, as ASX shrugs off recession fears
4 years, 9 months ago

Australian dollar retreats to 69.3 US cents, as ASX shrugs off recession fears

ABC  

The Australian dollar has had a temperamental day after the impact of summer bushfires and COVID-19 on the economy was revealed. Key points: The Australian dollar jumped as high as 69.83 US cents, its highest value since January 3 The ASX 200 is about 23 per cent away from hitting its February record high Australia's economy contracted by 0.3pc in …

Australian dollar surges past 68 US cents, ASX volatile on US-China tension
4 years, 9 months ago

Australian dollar surges past 68 US cents, ASX volatile on US-China tension

ABC  

Australian shares experienced a largely directionless day despite optimism about the COVID-19 economic recovery across global markets, although the Australian dollar jumped. Key points: The Australian dollar is trading around 68 US cents, its highest value since late January The ASX 200 has shed 12.8 per cent since the year began The S&P 500 has recovered to its late-February levels …

Australian shares jump to 11-week high as travel stocks rebound from coronavirus
4 years, 9 months ago

Australian shares jump to 11-week high as travel stocks rebound from coronavirus

ABC  

Australian shares have jumped to their highest value in almost three months as optimistic investors focused on the COVID-19 economic recovery, rather than US-China tensions. Key points: The Australian share market has dropped 21.6pc since its February record high But it has also surged 23.5pc from its lows in March The Australian dollar traded between 65.24 and 65.48 US cents …

The Australian share market falls, miners rise as iron ore drives a record trade surplus in March
4 years, 10 months ago

The Australian share market falls, miners rise as iron ore drives a record trade surplus in March

ABC  

The Australian share market has closed lower, dragged down by the major banks, but mining stocks have risen after iron ore exports contributed to a record trade surplus in March. Key points: The Australian share market has closed lower, weighed down by the banks, while BHP and Fortescue shares rose US markets fell less than 1 per cent, despite data …

Australian shares follow Wall Street lower as US economy faces deep recession because of coronavirus
4 years, 11 months ago

Australian shares follow Wall Street lower as US economy faces deep recession because of coronavirus

ABC  

The Australian share market has closed lower, after oil prices dropped to the lowest level in 18 years and economists ramped up warnings about the impact of coronavirus on the US economy. Key points: The Australian share market has closed lower, following a weak lead from Wall Street The decrease in US retail sales in one month was almost equal …

Banks drag Australian market lower, IMF warns wartime measures are needed due to coronavirus fallout
4 years, 11 months ago

Banks drag Australian market lower, IMF warns wartime measures are needed due to coronavirus fallout

ABC  

The Australian share market has fallen, led by the major banks, after the International Monetary Fund told governments to enact wartime measures to fight the coronavirus pandemic. Key points: The ASX 200 lost 2 per cent and the All Ordinaries index fell by 1.9 per cent Bank stocks are under pressure as New Zealand stops banks paying dividends in order …

Australian shares plunge again as businesses shut and US Congress bickers over coronavirus stimulus package
4 years, 11 months ago

Australian shares plunge again as businesses shut and US Congress bickers over coronavirus stimulus package

ABC  

Australian shares have lost nearly $100 billion in a day of volatile trade after the country shut down parts of its economy and more states shut their borders. Key points: The ASX 200 lost further value, putting it back to where it was in late November 2012 The Australian dollar is trading at a near 17-year low Global rating agency …

Asia shares seek calm as Wall Street ekes out gains; bonds rally, oil bounces back, dollar rush causes stress
5 years ago

Asia shares seek calm as Wall Street ekes out gains; bonds rally, oil bounces back, dollar rush causes stress

Firstpost  

The dollar’s surge is a nightmare for the many countries and companies that have borrowed heavily in the dollar, leading to yet more selling of emerging market currencies in a negative feedback loop. “The dollar remains the pre-eminent safe-haven asset during time of extreme market stress.” The dollar’s surge is a nightmare for the many countries and companies that have …

Australian share market rebounds after worst plunge since 1987
5 years ago

Australian share market rebounds after worst plunge since 1987

ABC  

The local share market has unexpectedly surged, attempting to rebound from Monday's panic sell-off, which was its worst day since the 1987 Black Monday crash. Key points: The ASX rebounded after suffering its worst losses since the 1987 crash Travel-related stocks are still falling sharply The Australian dollar is steady at 61.2 US cents The ASX 200 has recouped some …

Stocks plunge, dollar battered as Fed's emergency cut spooks investors; steps by global policymakers fail to stem market rout
5 years ago

Stocks plunge, dollar battered as Fed's emergency cut spooks investors; steps by global policymakers fail to stem market rout

Firstpost  

The US Federal Reserve cut interest rates by 100 basis points on Sunday to a target range of 0 percent to 0.25 percent. Meanwhile, SGX Nifty suggests Indian markets will see another day of red#CoronavirusPandemic pic.twitter.com/fJD7Lzqx5J — CNBC-TV18 March 16, 2020 US stock futures plunged 4.8 percent to hit their down limit before daybreak in Singapore. “We really need to …

Stocks suffer fresh hit after US slashes rates to near zero
5 years ago

Stocks suffer fresh hit after US slashes rates to near zero

Al Jazeera  

Central banks in Australia and New Zealand also announced measures to combat the virus’ effects, hurting currencies. The US Federal Reserve, also commonly known as the Fed, cut interest rates by 100 basis points on Sunday to a target range of 0 percent to 0.25 percent. “We really need to see the fiscal side…to prevent a longer than needed economic …

Australian share market dips again as Donald Trump remains coy about coronavirus stimulus package
5 years ago

Australian share market dips again as Donald Trump remains coy about coronavirus stimulus package

ABC  

The Australian share market has lost almost 4 per cent of its value as doubts set in over whether the US Congress would approve Donald Trump's proposed stimulus plan. Key points: Australian markets were buoyed by promises from Donald Trump, but quickly slid again when he failed to provide details of a proposed stimulus Wall Street rose nearly 5 per …

Australian share market opens down after global markets stung by oil prices, coronavirus
5 years ago

Australian share market opens down after global markets stung by oil prices, coronavirus

ABC  

Australia's stock market has rebounded after the ASX200 shed as much as 3.7 per cent at the start of trade this morning. Key points: The Australian share market was almost back to parity within the hour Australia's 7.3 per cent drop on Monday was emulated by global markets when they opened for the week overnight Qantas shares fell more than …

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