Telstra leads ASX higher as Trump trade deflates
Shares lurched higher as the frantic "Trump trades" that shook up financial markets over the past week faded further.
Jens is the markets and breaking news editor, based in Sydney.
Shares lurched higher as the frantic "Trump trades" that shook up financial markets over the past week faded further.
A big jump in job creation masks a concerning trend in underemployment say economists.
Shares finished the day broadly flat as selling in the major miners offset gains in bank and energy stocks.
In a momentous shift prompted by the Trump-induced global bond rout, markets are now betting rates will be (slightly) higher in 12 months.
The meteoric rise of copper prices since Trump's victory in the US presidential election last week is not justified by fundamentals, analysts say.
Shares fall, led down by miners and two major banks trading ex-dividend, as investors digest last week's spectacular gains.
๏ปฟThe Australian sharemarket lost more than $30 billion in value as Donald Trump looked increasingly likely to be the next US president.
Shares plunge to a seven-week low, posting losses across the board amid growing concerns over the US presidential election.
Commodity prices are rallying and rate cut expectations keep falling, yet the Aussie won't budge. What gives?
The week is jam-packed with major risk events, including a Fed meeting and the final stretch of the US election race.
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