Author name: Kai Chen

Australian stocks dip, led by energy and materials. RBA holds rates, China’s service sector slows, and Qantas rises with CEO Joyce’s early departure. Market remains volatile.

The ASX closed higher in low volume trade with focus turning to a Reserve Bank of Australia meeting on Tuesday and a US holiday tonight

Amid Albanese’s coal mine approvals, Fortescue faces leadership shifts with Debelle’s exit, highlighting a day of significant economic and environmental decisions in Australia.

ASX rises with July’s cooling inflation, US Treasury yields dip due to job metrics, while Bitcoin surges after a favorable US court ETF ruling.

ASX rises with July’s cooling inflation, US Treasury yields dip due to job metrics, while Bitcoin surges after a favorable US court ETF ruling.

China’s stock rebound from reduced stamp duty was short-lived due to real estate concerns. European gas prices surged after Chevron’s strike announcement, while Australia resumes barley exports to China after tariff removal.

Today’s economic landscape is marked by China’s stock market revival, Evergrande’s dramatic fall, and an unexpected rise in Australian retail sales, signaling dynamic global shifts.

ASX dipped 1.2% following Wall Street, with tech stocks hardest hit. Wesfarmers thrived, Pilbara Minerals dropped, and major banks and miners faced declines.

ASX opens higher, influenced by Wall Street’s positivity. Tech leads with Nvidia’s impact, while Qantas soars. Mixed results seen in healthcare and funds management sectors.