Markets Live: ASX slumps as banks retreat
Shares tumble amid broad selling ahead of next week's start of earnings season, with banks and US dollar earners weighing the most.
Shares tumble amid broad selling ahead of next week's start of earnings season, with banks and US dollar earners weighing the most.
The dollar extends its relentless rally, rising above US80.5c, which isn't helping local shares today, despite a rally in miners.
Mining and energy stocks spearheaded some solid mid-week gains as commodities rallied, while a weak inflation print knocked the Aussie off its pedestal.
Shares stage a broad-based, solid recovery after two sessions in the red, while Coca-Cola shares are hit hard by more bad news.
Investors started the week in a sour mood, flocking to the relative safety of gold miners as energy names and the big banks lead a broad ASX sell-off.
The Aussie drops below US79c after the RBA's Guy Debelle warns about reading too much into 'neutral rate' discussion, while shares slide on US political worries.
Banks again lead the ASX higher, while solid but unspectacular jobs numbers briefly boost the Aussie dollar.
Shares in the big banks rocket higher as investors bet they won't need to raise capital to meet APRA's new requirements.
Losses on the ASX accelerate, pulling the index below 5700 points, while the Aussie rallies to a fresh two-year high.
Shares trade flat and the Aussie dollar trades close to two year highs, supported by better-than-expected Chinese economic data.
Shares trim early gains but remain on track for a solid weekly rise, while the Australian dollar is at four-month highs.
The Aussie dollar joins a rally in stocks, after dovish comments by Fed chair Janet Yellen lifted the Dow to a record.
Local shares fall with materials the only sector posting a gain, after a choppy session on Wall Street that was dominated by politics.
Miners such as BHP are a bright spot in a market stuck in a tight trading range ahead of key central bank events.
Wall Street's positive mood spilled over to the local sharemarket, though buying lost some momentum in afternoon trade.
Shares and bonds suffer a week in the red as investors fret over the potential withdrawal of central bank stimulus, with listed property the worst hit, while miners help prop up the ASX.
Shares are under a bit of pressure again, led by selling in the big banks and as miners lose some of their early momentum.
Shares lose some of yesterday's outsized gains as geopolitical risk raises its ugly head again, but miners prevent bigger losses.
Shares record their best day of the year as investors jump back into the market, while the Aussie slips as the RBA keeps rates on hold.
Shares fall into the red as gains in the big banks evaporate and investors remain cautious following Friday's selloff.
Shares lose more than $26 billion in value in a broad-based sell-off sparked by global jitters after central bankers flagged the tide is turning for easy money.
Shares have enjoyed a second session of strong gains as the surprise iron ore rally pushed miners higher and banks ran with an upbeat lead from US peers.
Shares push higher, led by gains in the miners after commodity prices rose overnight, despite Fed and ECB officials rattling global investors.
The ASX trims early losses to trade flat, as investors snap up ANZ, CBA and Fortescue.
Shares are set for an uncertain start after a flat night on Wall St, with little ahead to move the markets as investors await a raft of speeches from central bankers tonight.
The ASX trades flat after an early rally ran out of puff, while Metcash is boosted on its profit numbers and Aveo takes a hit following a Fairfax investigation.
Shares struggle, with losses in bank stocks weighing on sentiment as investors fret about another tax
Shares post decent gains for the day, rebounding from yesterday's outsized losses, but news of a state bank levy was a dampener.
The sharemarket dives below the 5700-mark, losing $26b in value and suffering its worst session of the year, as investors fret over a steep fall in the oil price.
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