Markets Live: Major banks weigh ASX
The Australian market has closed lower as the major banks weighed the index.
The Australian market has closed lower as the major banks weighed the index.
The Australian dollar is heading towards 2018 lows as its US counterpart continues to strengthen.
The Reserve Bank will keep interest rates at a record low for at least the next six to 12 months, says Morgan Stanley Investment Management.
Here's what happened overnight and what's ahead for the ASX.
This week's soft inflation print supports the mainstream view that the Reserve Bank of Australia keeps the cash rate on hold until late 2019.
It's been one of the greatest money generating consumer products of all time. Yet those profits have barely spilled over to shareholders of the biggest builder of the iPhone.
The banks have helped the Australian sharemarket lift more than 0.5 per cent as a drop in commodities sent miners diving.
Here's what happened overnight and what's ahead for the ASX.
The growing influence of the millennial generation was on show at an investors' conference in New York.
Forget plain old Bitcoin. Bitcoin Cash is surging right now for more reasons than you may imagine.
The Australian sharemarket finished higher on Monday, led by positive performances from the banks.
Here's what happened overnight and what's ahead for the ASX.
The Reserve Bank will keep interest rates at a record low for at least the next six to 12 months, says Morgan Stanley Investment Management.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7574 | 0.757 | 0.0007rise | 0.09% rise |
AUD/EUR | 0.6221 | 0.6217 | -0.0001fall | -0.02% fall |
Updated: April 26, 2018 - 2:30PM |