Closing Bell 21st December: Santa rally takes a break
XJO falls slightly as Santa rally takes a break. USA markets break winning streak after a late sell off
XJO falls slightly as Santa rally takes a break. USA markets break winning streak after a late sell off
The festive spirit continues in the ASX as Santa’s Rally propels stocks higher, driven by Wall Street’s surge and anticipation of US rate cuts.
XJO rally resumes, commodities and financials strong. Rinehart with joint bid for Azure Minerals
ASX lower as rally stalls. ABC and LNK both get takeover bids. NEU with great P2 results
ASX rallies past August highs. Uranium stocks lift, led by PDN and BOE. Lithium short squeeze continues
ASX hits 5 month high. Strong jobs numbers sends AUD higher. Lithium stocks strong
Argentina takes drastic action, devaluing the peso by 50% amid severe economic challenges. President Milei’s tough measures aim to stabilize the crisis-hit economy.
Chemist Warehouse with an $8.8 Billion reverse takeover of Sigma Healthcare
Bitcoin’s notorious volatility strikes again, plummeting towards $US40,000 in a major sell-off, sparking concerns in the broader crypto market.
Santos and Woodside Energy confirm merger discussions, potentially creating an $80 billion energy powerhouse, sparking significant investor interest and market speculation.
Australia’s GDP grows just 0.2% in Q3, sparking market rally with ASX up 1.5% as traders bet on imminent RBA rate cut amid economic slowdown.”
RBA holds rates at 4.35% in year-end decision, aiming to balance inflation control with economic growth amid global uncertainties and domestic market trends.