ASX surges to 19-month high
Investors have started the new year in the ebullient mood they ended the last one in, driving the local sharemarket to its highest close since June 2015.
-
Jens Meyer
Jens is the markets and breaking news editor, based in Sydney.
Markets Live: Tough times for gold
Stocks flatline as the early Santa rally runs out of puff, while gold stocks and Mayne Pharma plunge.
Business conditions lowest in 19 months
Business conditions have fallen to their lowest level in 19 months and consumer confidence has plunged.
'Wake-up call for Canberra': brace for negative growth
Brace for the first quarter of negative economic growth in five years, and only the fourth in Australia's enviable run of 100 quarters without a recession.
RBA 'relaxed' despite looming growth slump
RBA chief Philip Lowe is likely to take his predecessor's lead and "chill out" at the last board meeting of the year.
Blue chip revival comes with caveat
A rotation out of highly-priced growth stocks back into steadier blue chips looks set to continue but not all are expected to benefit.
Windfall for miners could hit $20b
Macquarie says markets are underestimating the full force of earnings upgrades in the mining sector and are too negative on the banks.
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.
Job surge tempered by lack of full time work
A big jump in job creation masks a concerning trend in underemployment say economists.
ASX gains undermined by plunging metal prices
Shares finished the day broadly flat as selling in the major miners offset gains in bank and energy stocks.
Search pagination