Today
ASX gains 1.3pc as Biden edges closer to victory
The Australian sharemarket rallied into the close as counting saw Joe Biden inch closer to claiming the Oval Office. NAB gained 3.3 per cent after full year earnings. Treasury sunk 8 per cent as it halted its Penfolds demerger. Afterpay, Xero, and REA Group closed at record highs.
- Updated
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes, Tom Richardson and Luke Housego
ASX to rise, investors reposition for status quo
Australian shares are poised to open higher, following rallies in Europe and New York, amid expectations neither Trump nor Biden, whoever prevails, will not have a decisive mandate.
- Timothy Moore
Yesterday
ASX to edge higher, Wall St rallies, $A surges
Australian shares are poised for a modest opening gain. Shares advance in Europe and in New York. $A leaps higher.
- Timothy Moore
This Month
ASX to rise, RBA poised to cut interest rates
Australian shares are poised to rise modestly at the open, bolstered by manufacturing data in Europe and the US. $A steady.
- Timothy Moore
ASX to rise, but could be muted by week of risks
Australian shares are poised to open higher, though they could be checked by a long list of risks, including an expected RBA rate cut and the US election.
- Timothy Moore
October
ASX suffers worst week since April, gains 1.9pc in October
The Australian sharemarket fell 3.9 per cent over the week on US election uncertainty and concerns about rising COVID-19 cases in Europe and the US.
- Updated
- Robert Guy, Vesna Poljak, Sarah Turner, Luke Housego and Tom Richardson
ASX to rebound, following Wall St, US economy expands 7.4pc
Australian shares are set to open higher, as investors stepped in to 'buy the dip' in New York. Big tech earnings arrive.
- Timothy Moore
ASX falls 1.6pc; Seek tumbles on activist attack; Ares eyes AMP
The Australian sharemarket closed below 6000 points. JB Hi-Fi tumbled 6.2 per cent after first quarter update. Seek fell 5.9 per cent after activist Blue Orca questioned its China business.
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- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes, Luke Housego and Tom Richardson
Dow sheds 943 points in global rout
Australian shares are poised to drop 1.7pc at the open, as global equities fell hard amid a resurgent virus and widening renewed lockdowns. Oil, gold were hammered.
- Timothy Moore
ASX to slip, global investors on edge
Australian shares are poised to open lower. European stocks closed lower amid virus concerns; Dow's losses accelerate, S&P 500 turns negative.
- Timothy Moore
ASX to plunge 0.9pc, Wall St plummets
Australian shares are poised to fall at the open amid a fresh pandemic-paced global sell-off. The Dow fell 650 points, though it pared losses into the close. Oil drops. VIX leaps.
- Timothy Moore
- Analysis
- World markets
Why China needs to shake up the currency world
A more flexible yuan is key to Beijing's plans to have its currency more widely used in global trade and challenge the supremacy of the US dollar.
- Robert Guy
ASX to rise, earnings set to accelerate
Australian shares are poised to open higher as reporting season, in particular in the US, moves forward. $A edges higher.
- Timothy Moore
Yuan and Australian dollar to bounce under Biden win
With a blue wave seen as the likely US election outcome, a less adversarial trade policy means further gains for the Chinese currency. That will also spur on the Aussie dollar.
- Luke Housego
ASX falls 0.2pc over week; Afterpay closes at record
The sharemarket snapped a two week winning streak as the index ended 0.1 per cent lower on Friday. BlueScope rallied 11 per cent on earnings guidance.
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- Robert Guy, Vesna Poljak, William McInnes, Luke Housego and Tom Richardson
ASX to edge higher, Wall St rises on hopes for stimulus
Australian shares are set for a modest advance as investors turn cautious amid rising global virus cases and ahead of the final US presidential debate.
- Timothy Moore
ASX falls 0.3pc; Healius soars 9pc; AMP slides 5pc
The sharemarket finished lower despite a late afternoon rally as banks bounced off their morning lows. Healius surged on strong revenue and profit growth. AMP slid after a quarterly update showed fund outflows. MyDeal surged on debut.
- Updated
- Robert Guy, Vesna Poljak, William McInnes, Luke Housego and Tom Richardson
ASX to fall, Wall St closes down, $A surges
Australian shares are poised to drop at the open with Wall Street ending lower. $A surges more than 1pc. Copper surges too.
- Timothy Moore
- Analysis
- World markets
Why China's currency is crushing the greenback
China's currency rallied to its strongest level against the US dollar since July 2018. In a world of relativities, the yuan stands out for good reason.
- Robert Guy
ASX to rise on renewed US stimulus hopes
Australian shares are set to open higher, bolstered by a push by President Trump to secure more stimulus. Wall St higher. $A dips.
- Timothy Moore
