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Amid global economic unrest, the Australian dollar dips below US65¢, while China faces deflationary pressures. Noteworthy stock movements include CBA’s rise and InvoCare’s notable upswing.
Amid a subdued market day, James Hardie’s shares soared, while Myer stumbled. Concurrently, Chinese trade data sent ripples across Asian currencies, painting a complex economic picture.
The ASX has a quiet day due to the Sydney bank holiday with volumes thinner than usual.
Investors appear to be giving up hope on promises of Chinese stimulus
The endless optimism of the last few months is being questioned as profit taking emerges, is the party over?
The RBA left rates unchanged today at 4.10% while confusingly flagging risks for higher rates.
The market was full of hope today, hopes of China stimulus, hopes of the end of the rate cycle and hopes of a soft landing. Will hope win or will reality start to kick in?
Investors predicting hiking cycles are “done” had a rude shock today as Japan widened its Yield Curve Control, sending long term rates higher
the fight against inflation is (apparently) over. The ASX200 hit 5-month highs as optimism that central banks are finished with hiking cycles
ASX experiences a mixed day as energy stocks rise, contrasting losses in the materials sector, amid dynamic brokerage activity and notable company value adjustments.
ASX flatlines as investors balance China’s stimulus against tech downturn, with TSMC’s bleak outlook exacerbating concerns amidst muted miner growth and emerging bank profit-taking.
