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.
Surging oil prices and falling iron ore futures are creating a challenging landscape for investors, necessitating strategic navigation through this fluctuating financial terrain.
The ASX curbed initial losses, ending just 0.3% down, driven by a rally in energy stocks amid global supply concerns following Russia’s fuel export ban.
The Federal Reserve’s decision to hold rates has raised eyebrows on Wall Street. Pessimistic views dominate, with concerns about inflation, growth, and potential market instability.
Iron ore prices surge with Chinese steel mills’ demand. Economists debate Australia’s rate-hike. Investors keenly await US Fed’s updated quarterly rate projections.
Iron ore prices drop as China’s property crisis deepens; mining giants BHP, Fortescue, and Rio Tinto face losses. RBA warns of impacts on Australia’s growth.
ASX sectors plummet with tech leading the decline. Whitehaven Coal’s potential Queensland mine acquisitions stir controversy amid investor concerns over market transparency and buy-back suspension.
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.
