Closing Bell 3rd October: RBA Holds Steady Markets Navigate Inflation and Interest Rates
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.
Closing Bell
Closing Bell 29th September: ASX Faces Downward Pressure Amid Retail Slowdown and Global Oil Rally
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.
Closing Bell 27th September: Inflationary Pressures Test New Reserve Bank Governor
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.
Closing Bell 26th September: Surge in Treasury Yields Signals Extended High Interest Era
Explore the surge in Treasury yields signalling an extended high-interest era, the impact on global markets, and the steadiness in oil prices.
Closing Bell 25th September: Navigating Through Surging Oil Prices and Falling Iron Ore Futures
Surging oil prices and falling iron ore futures are creating a challenging landscape for investors, necessitating strategic navigation through this fluctuating financial terrain.
Closing Bell 22th September: ASX Mitigates Early Losses as Energy Stocks Experience a Rally
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.
Closing Bell 21th September: Federal Reserve’s Stance Concerns Wall Street Analysts
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.
Closing Bell 20th September: US Fed Decision Awaits as Investors Eye Rate Projections
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.
Closing Bell 19th September: Mining Stocks Decline as China’s Economic Woes Deepen, RBA Sounds Alarm on Growth Outlook
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.
Closing Bell 18th September: ASX Faces Broad Decline Tech Stocks Hit Hardest Amidst Market Shakeup
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.
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.
Closing Bell 14th September: AU Unemployment surprises, Uranium Fuels ASX’s Rise
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.