Closing Bell 15th September: Positive US Data Fuels ASX’s Biggest Surge in 10 Months
The ASX witnessed its largest surge in 10 months, driven by positive US data. Mining giants and major banks led the gains, defying market expectations.
The ASX witnessed its largest surge in 10 months, driven by positive US data. Mining giants and major banks led the gains, defying market expectations.
Today’s ASX performance showcased gains in materials and energy, reflecting broader economic positivity, while uranium stocks rally following a promising World Nuclear Association report.
ASX mirrored Wall Street, tech and IGO affected. Dreadnought, Monadelphous, and Pact Group made headlines. CPI’s influence on market sentiment remained a key talking point.
Today’s economic landscape saw resilient business conditions, ASX fluctuations, and mining magnates influencing West Australian asset acquisitions, highlighting the power plays in the financial world.
Amidst global shifts, Japan’s banking sector reveals surprising trends. As yields rise, investors watch closely, anticipating the next big move in the Land of the Rising Sun.
OPEC+ extended supply cuts, influencing oil gains. Chevron faced potential LNG strikes in Australia. Cryptocurrency volumes dipped, and Platinum Asset Management reported significant fund outflows in August.
Australian shares declined amid strong GDP growth. Energy stocks benefited from high oil prices, while coal miners gained from NSW royalty hikes.
Australian shares declined amid strong GDP growth. Energy stocks benefited from high oil prices, while coal miners gained from NSW royalty hikes.
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.