ASX posts biggest jump in five years
The ASX delivered its biggest one-day jump since October 2011, as investors bet on Donald Trump's pro-business policies.
Jessica Sier writes on business, markets, news and real estate. Based in our Sydney newsroom, Jessica is also a multimedia producer.
The ASX delivered its biggest one-day jump since October 2011, as investors bet on Donald Trump's pro-business policies.
Investors are focusing on Donald Trump's promise to boost infrastructure spending to look towards resource stocks as the winners of the surprise election.
The outlook for interest rates, shares, the Aussie, commodities and property has changed.
The Australian sharemarket lost more than $30 billion in value as Donald Trump looked increasingly likely to be the next US president.
The Aussie dollar plunged almost two cents on Wednesday, radically reversing a morning surge, as Donald Trump scored an unlikely victory.
A Trump Presidency has seen carnage in the market, but fund managers are seeing glimmers of hope.
The Australian dollar hurled itself higher this morning as investors positioned themselves for a Clinton win.
A "Clinton-in-the-clear" rally overseas failed to spur a second strong session on the ASX, which closed with only marginal gains.
A shift towards fiscal policy, maturation in the technology industry and bank balance sheets are just some reasons why investors shouldn't be in the dumps.
The ASX fell for a third straight week amid fears Donald Trump will become the next US president.
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