Telstra drags ASX south
It was a busy Thursday for company earnings, but a mammoth slide in Telstra was easily the biggest influence on the ASX.
Jessica Sier writes on business, markets, news and real estate. Based in our Sydney newsroom, Jessica is also a multimedia producer.
It was a busy Thursday for company earnings, but a mammoth slide in Telstra was easily the biggest influence on the ASX.
International investors are pessimistic about the outlook for equities as expectations for corporate profit growth fall to the lowest level in almost two years.
JP Morgan have come up with a new way to forecast the Aussie dollar, in the face of moving commodity prices and diverging interest rate spreads.
Investors shook off the global geopolitical tension and instead focused on individual earnings results, sending Domino's sharply lower but the broader market higher.
The North Korea threat is the latest in a sweep of geopolitical risks that have left investors sanguine as history shows it's safer to just ride it out than panic.
Australian investors dumped shares on Friday as geopolitical concerns swept through global financial markets and safe haven assets jumped.
There are predictions bitcoin could turn $10,000 into $1 million, again.
Gloomy global sentiment and selling in some of the bigger ASX names saw the bourse dragged lower.
While JP Morgan's boss says he wouldn't buy government debt anywhere, local bond investors see value in Aussie sovereign debt.
Despite geopolitical tensions prompting a risk-off global sentiment, positive earnings results from CBA boosted the ASX.
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