Closing Bell

China’s unchanged consumer inflation in September and declining producer prices signal potential economic challenges, amidst a property crisis and waning consumer confidence.

Amidst the Israel-Hamas conflict, oil prices waver, while the Reserve Bank of Australia contemplates a potential rate hike in its upcoming November meeting.

Australian and US bond yields reflect growing sentiments against rate hikes. Meanwhile, Israel signals a potential ground assault, escalating Middle East tensions.

The S&P/ASX 200 rallies past 7000, influenced by US Federal Reserve’s stance and NAB’s inflation insights, with all sectors, especially utilities and energy, registering gains.

Oil prices soar over 4% following Hamas’ unexpected attack on Israel, raising global concerns about Middle East stability and potential disruptions to energy supplies.

Despite global economic headwinds, the S&P/ASX 200 index surges, with financial and mining sectors shining bright. Magellan’s dip contrasts the market’s overall resilience.

Amid global economic shifts, Australia’s trade balance hits a notable high, while the S&P/ASX 200 recovers, reflecting the market’s adaptive resilience.

The Australian sharemarket approaches an 11-month low, influenced by global rate concerns and Wall Street’s reactions, with tech giants and major banks facing significant drops.

The RBA maintains a 4.1% cash rate amidst rising inflation concerns, prompting bond yields to ease and the sharemarket to hover near a six-month low.

Amid a global oil rally and bond market sell-off, the Australian Dollar tumbles, retail sales growth slows, and the ASX faces downward pressure in consumer stocks.

Michele Bullock faces a stern test as inflation hits 5.2%, exceeding the central bank’s target. The rise, driven by robust wages and energy costs, signals persistent pressures.

Explore the surge in Treasury yields signalling an extended high-interest era, the impact on global markets, and the steadiness in oil prices.