Markets Live: Wesfarmers leads ASX gains
Australian shares finished 0.5 per cent higher today with Wesfarmers' demerger plan for Coles giving the market a shot in the arm.
Australian shares finished 0.5 per cent higher today with Wesfarmers' demerger plan for Coles giving the market a shot in the arm.
The S&P;/ASX 200 Index was higher on Friday and almost flat for the week as the Wesfarmers spin-off boosted spirits.
The Australian share market is expected to open higher after the Dow Jones index in the US made a strong surge on easing fears of an international trade war.
Suddenly, Bitcoin seems a bit boring.
Big gun shopping centres are now turning over up to $2 billion in annual sales, putting paid to any concern that they are not relevant to consumers.
Australian shares fell for the third straight session as banks wilted under the spotlight of the Hayne inquiry.
The law firm at the centre of the "Panama Papers" said it's shutting down due to the economic and reputational fallout from the global tax evasion scandal.
The markets are palpably uneasy heading into Thursday with investors spooked by trade war worries once again and an unexpected fall in US retail sales sending Wall Street lower.
One of the world's largest bond manager, is cutting its investments in Australian bank debt as prices have got ahead of themselves.
It's a matter of when, not if, the Bitcoin bubble will pop, according to Allianz Global Investors.
The ASX slumped for a second straight session as investors digested more drama out of Washington and banks suffered the fallout from the banking royal commission.
The ASX fell 0.7 per cent after news of Rex Tillerson's sacking by Donald Trump. Bank stocks were lower as the Royal Commission rolled on.
Suddenly, Bitcoin seems a bit boring.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7771 | 0.777 | -0.0028fall | -0.36% fall |
AUD/EUR | 0.6305 | 0.6303 | -0.0034fall | -0.54% fall |
Updated: March 16, 2018 - 7:20PM |