Today
Tech sector plunges; traders lift bets on interest rate increase
Jobless rate edges higher in line with expectations, job gains beat forecasts. Domino’s cuts guidance. Telix lifts sales forecasts. Nasdaq posts worst day since 2022. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Joshua Peach and Joanne Tran
Yesterday
ASX resets record as property, tech rally; gold stocks climb
Shares extend advance above 8000 points; BHP breaks iron ore export record, promises copper lift; Cettire flags revenue, customers ahead of FY24 report; gold climbs to record; New Zealand Q2 inflation slows, keeps rate cuts on the table. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
This Month
ASX slips back below 8000 as BHP, Rio Tinto weigh; DroneShield sinks
Australian shares end lower. The Dow closes at a record high. Bitcoin bounces. Rio Tinto’s iron ore production slips. Follow updates here.
- Timothy Moore, Joshua Peach, Sarah Jones and Joanne Tran
ASX crosses 8000 as tech stocks rally
Shares rise amid broad rally; iron ore advances; China growth weakens more than expected as outlook darkens; haven rush on investor minds after the assassination attempt on former US president. Follow here for more.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
Shares hit record high; CBA tops BHP as market’s most valuable company
NAB hits post-GFC high. CBA hits record high. BHP falls. Traders ramp bets on US Fed rate cuts on shock inflation data. Bond yields fall. Citi tips Rio to do lithium deal. Follow here.
- Timothy Moore, Tom Richardson, Joshua Peach, Alex Gluyas and Joanne Tran
ASX jumps as CBA rallies; BHP suspends nickel production
Local shares neared a record high after a broad rally led by CBA. BHP concludes nickel review. ANZ Bank targeted by regulator. Cettire jumps. US June CPI ahead. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Alex Gluyas, Sarah Jones, Joanne Tran and Joshua Peach
Miners drag ASX lower; Insignia falls 7pc; Bell Financial jumps
Shares decline at the closing bell; Incitec Pivot stops sale negotiations for fertilisers business; Bell Financial forecasts 47 per cent profit jump; miners fall as iron ore futures lower. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach, Sarah Jones and Alex Gluyas
ASX climbs nearly 1pc amid broad-based rally; Telstra jumps
Shares rise at the closing bell; Telstra increases price of mobile plans; Bapcor rejects Bain Capital takeover bid and appoints local 7-Eleven chief executive Angus McKay as CEO. Follow updates here.
- Updated
- Timothy Moore, Joanne Tran, Joshua Peach, Alex Gluyas and Sarah Jones
ASX slips as iron ore sell-off extends; BHP, Rio Tinto fall
Australian shares edge lower. Core Lithium rallies as other lithium miners fall. Iron ore extends Friday drop.
- Timothy Moore, Joshua Peach, Alex Gluyas, Joanne Tran and Sarah Jones
Banks, miners drag shares lower; Magellan, GQG jump
Shares lose 0.1pc. $A gains as traders eye RBA. UK’s FTSE rallies on Labour govt. Wall St closed. US jobs data, French elections ahead. Follow here.
- Timothy Moore, Tom Richardson, Joshua Peach, Alex Gluyas and Joanne Tran
Miners boost shares; Santos jumps, bitcoin sinks again
Shares rise 1pc. Lendlease, Stockland deal faces ACCC opposition. Magellan jumps. Japanese shares, Nasdaq hit record high. Gold, oil climb. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Alex Gluyas, Joanne Tran and Joshua Peach
ASX rises as miners rally; Liontown drops 5pc
Shares advance at the closing bell; retail sales increased 0.6 per cent; Woodside trumps Santos in RBC’s global energy picks; Powell bolsters case for rate cuts. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach, Alex Gluyas and Sarah Jones
ASX slips as rate worries weigh; Liontown, Woodside rally
Australian shares open modestly lower, led by banks and health stocks. Nasdaq leads US benchmarks higher. Liontown halts shares. Follow updates here.
- Updated
- Timothy Moore, Joshua Peach, Alex Gluyas, Sarah Jones and Joanne Tran
ASX falls; Coronado, Whitehaven jump; WiseTech drops
Shares dip; coal stocks jump; Euro gains as Le Pen’s party set for smaller victory than feared; Lendlease rallies after selling US military housing business for $480 million. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach, Alex Gluyas and Sarah Jones
June
ASX rises; IAG surges on reinsurance deal, Suncorp hits post-GFC high
Shares gain 0.7pc. Suncorp adds 3pc. GQG Partners hits record high. GYG sinks. Adore Beauty in $25m acquisition. Lithium miners retreat. Wall St higher. US inflation, French elections ahead. Follow here.
- Timothy Moore, Tom Richardson, Joshua Peach, Alex Gluyas and Joanne Tran
Shares fall; bond yields jump, property stocks sink on rate bets
Shares lose 1pc as inflation worries hit property stocks. Southern Cross says no to ACM bid. Bitcoin extends losses. European stocks fall ahead of French elections. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Alex Gluyas, Joanne Tran and Joshua Peach
ASX drops after CPI spike; Deutsche Bank, UBS say RBA hikes in August
Money markets ramp up rate hike bets after inflation data comes in hotter than expected. Collins Foods sinks 8pc. Follow updates here.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones, Cecile Lefort, Joanne Tran and Alex Gluyas
ASX rallies 1.4pc as Collins Foods jumps
Shares rebound; Energy & Minerals Group quits Coronado bid; ResMed dives 11pc in the US; Qantas buys 14 DeHavilland aircraft; Healius updates earnings guidance. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joshua Peach, Joanne Tran, Alex Gluyas and Sarah Jones
ASX slips; Cettire slumps 49pc; Paladin to buy Fission for $1.3b
Shares close down 0.8 per cent; Star drops after profit warning; Myer explores merger with Premier’s Just Jeans, Jay Jays; Cettire issues profit warning; ResMed sinks as Ozempic fears resurge. Follow updates here.
- Timothy Moore, Joanne Tran, Cecile Lefort, Joshua Peach, Alex Gluyas and Sarah Jones
Shares rise; CBA nears BHP as market’s largest company, MinRes dives
Miners fall again. GyG weaker. Retailers warn on weak sales as living costs rise. Japanese yen weakens on inflation data. US equities mixed. Swiss National Bank cuts rates. Follow here.
- Timothy Moore, Tom Richardson, Alex Gluyas, Cecile Lefort, Joanne Tran and Joshua Peach
