Markets Live: Wall St rally fires up ASX
Shares have bounced higher, with gains across most sectors bar utilities, as Wall Street's record-busting mood catches on.
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Jens Meyer
Jens is the markets and breaking news editor, based in Sydney.
ASX shakes off retail woes to post gains
The sharemarket recouped early losses on Thursday, as gains in resource stocks offset a terrible session for retailers.
Markets Live: Moody's blues over China
The Australian dollar took a hit after a surprise cut to China's credit ratings, but local shares have steadied following initial wobbles.
Reflation trade isn't dead, yet
The reflation trade that fuelled last year's rally still has life in it, the world's largest asset manager says.
Markets Live: Miners lead the charge
Shares rise, led by miners and energy stocks, taking leads from Wall Street as well as strong metal prices.
Bank rout wipes out $14 billion in value
Commonwealth Bank, Australia's biggest bank, has seen third-quarter cash profits rise 4.3 per cent as the credit quality of its lending business "remained sound".
ASX led lower by $14b banks sell-off
Talk of a new tax on the big banks and an underwhelming CBA trading update triggered a vicious sell-off in the big four lenders.
Lower budget deficit to protect AAA rating
A likely improvement in the budget outlook should keep the rating agencies at bay, despite more spending for infrastructure.
Iron ore finds some respite after brutal week
The iron ore price plunged to its lowest since October but a late rebound in futures raised hopes the savage sell-off may have ended, for now.
Sell in May: Miners, banks lead the way
A hefty slide in commodity prices as well as an abrupt end to the banking rally dashed hopes the benchmark index might scale the elusive 6000-point mark anytime soon.
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