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ASX follows Wall St higher, tech and energy lead gains
Local shares open with sold gains, albeit not to the same degree seen on Wall St. Ahead of a long weekend, the key question is whether the move will last.
- by David Scutt
Latest
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8@eight
8@eight: Wall Street surges higher as rally rolls on
What happened overnight and what is ahead for the Australian sharemarket.
- by Kyle Rodda
World markets
Bulls are back: Wall Street jumps on Sanders exit, hopeful coronavirus signs
The S&P 500 is back in bull market territory as markets rise, with health insurers boosted by the exit of Bernie Sanders from the presidential race.
- by Chuck Mikolajczak
Analysis
Coronavirus pandemic
Oil U-turn: Trump doing something no president has tried in decades
The Russia-Saudi price war and a killer pandemic have put Trump in an awkward position.
- by Jennifer A. Dlouhy and Javier Blas
Investing
ASX hit by credit rating downgrades on banking sector
Australia's stock market closed lower after credit rating agencies warned the country's AAA rating was at risk. Bank ratings were also downgraded.
- by Lucy Battersby
Investing
'Cash is trash', warns hedge fund billionaire as printing presses roll
Ray Dalio thinks there are better assets to hold than cash as central banks print money and keep interest rates low in response to the coronavirus pandemic.
- by Nathan Crooks
Markets Live
ASX closes 0.9pc lower, as banks drag on gains
The S&P/ASX 200 ended Wednesday's 45 points lower at 5206 as the financial sector dropped 2.8 per cent and dragged on gains in real estate.
- by Lucy Battersby
Sponsored
8@eight
8@eight: Wall Street rally runs out of puff
What happened overnight and what is ahead for the Australian sharemarket.
- by Kyle Rodda
Coronavirus pandemic
Goldman Sachs looks to build $16b war chest to seize on sharemarket plunge
The sudden shutdown of the economy has many big-name companies fighting for survival, and Goldman Sachs is looking to take advantage.
- by Sridhar Natarajan
Coronavirus pandemic
Wall Street rally fizzles out as oil plunges
A drop in oil prices steepened in the latter stages of the session and erased early gains, setting up the ASX for losses.
- by Chuck Mikolajczak
Investing
ASX loses early gains as investors wait for discounts
Large capital raisings issued at substantial discounts are soaking up investor capital, with more expected in coming weeks.
- by Lucy Battersby