Geopolitics drag ASX into the red
A lift in commodity prices failed to offset steep losses in the banks, as investors grappled with the escalating controversies surrounding the US president.
Jessica Sier writes on business, markets, news and real estate. Based in our Sydney newsroom, Jessica is also a multimedia producer.
A lift in commodity prices failed to offset steep losses in the banks, as investors grappled with the escalating controversies surrounding the US president.
Investors know there's never only one cockroach and Pimco's head of policy warns the Russian investigation might be the first of many missteps.
OPEC's policy manipulation is no match for sheer market forces, say analysts, as US shale producers continue to ramp up production.
A turnaround in appetite for banking stocks helped the ASX claw into the black on Tuesday, after a midday lull.
Investors bought up shares in the major banks after last week's dramatic post-budget selloff, but a mixed overseas picture meant the ASX had little direction on Monday.
Banks once again weighed on the ASX on Friday, but a resources recovery left the bourse steady over the week.
The ASX reversed strong early gains to finish flat, as a dip in Chinese commodities futures triggered a round of selling in the miners.
If you want to take money out of the banks, where do you put it instead?
A broad ASX rally overwhelmed losses in the big banks, as investors reacted positively to Tuesday night's pro-growth federal budget.
Media stocks have rocketed higher on Monday as investors digest the possibility of a change in media laws and private equity makes an offer for Fairfax Media.
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