Markets Live: ASX extends hot streak
The Australian share market finished marginally higher on Wednesday but managed to extend a nine-session rally as the index approaches six-month highs.
The Australian share market finished marginally higher on Wednesday but managed to extend a nine-session rally as the index approaches six-month highs.
New Zealand's dollar dropped the most in a month after the opposition Labour Party won the support of smaller players to form a new government.
Shares inched higher on Thursday, keeping intact their recent winning streak as gains in the major banks offset selling in the mining sector.
Shares extended their hot streak to 10 sessions as selling in the major miners is offset by buying in the big banks.
Keeping perspective on both the doom and boom remains a lonely pursuit – but it's the only one worth pursuing, even with the occasional bad call.
First published in The Sydney Morning Herald on October 21, 1987
After years of printing money and piling on debt, Chinese policymakers may turn to devaluing the yuan in order to escape the 'pain of a credit crunch'.
Analysts see a few "low risk" stocks that should outperform the broader market if rate hikes send shares tumbling.
Futures suggest that the Australian sharemarket will open lower on Wednesday. ending the hot streak it had over the past eight trading sessions.
CSL says 88 per cent of shareholders have agreed to vote for the company's remuneration report.
The Australian share market finished marginally higher on Wednesday but managed to extend a nine-session rally as the index approaches six-month highs.
A hot run on the ASX has added over $100b to the sharemarket over nine sessions and shattered a five-month trading range. Is the global bull at the door?
New Zealand's dollar dropped the most in a month after the opposition Labour Party won the support of smaller players to form a new government.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7867 | 0.7865 | 0.0021rise | 0.27% rise |
AUD/EUR | 0.6661 | 0.6657 | 0.0003rise | 0.05% rise |
Updated: October 19, 2017 - 9:00PM |
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