Today
ASX lifts as GPT shines, Rio slumps
Shares reverse early losses; Wall Street firms amid persisting volatility; shares in retailers and property lose steam; lower iron ore prices hit miners. Follow updates here.
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- Timothy Moore, Cecile Lefort, Joanne Tran, Joshua Peach and Sarah Jones
Yesterday
ASX rebounds after global rout; Woodside shares tumble
Shares advance at the closing bell; US futures bounce back; Treasury Wine flags impairment; Coronado revenue slumps 10 per cent; Bullock says rate cut not on the agenda in 2024. Follow updates here.
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- Timothy Moore, Joanne Tran, Joshua Peach, Cecile Lefort and Sarah Jones
This Month
ASX charts worst day in four years; tech stocks crumble
The sharemarket ended the session 3.7 per cent lower. Wall Street tumbles after July jobs miss. ResMed unscathed by market-wide rout. Follow here for more.
- Timothy Moore, Joshua Peach, Sarah Jones, Cecile Lefort and Joanne Tran
ASX dives 2.1pc as NAB, CBA, Westpac slammed
Shares plunge; Macquarie eyes $1b hybrid issue; Afterpay’s Nick Molnar promoted to head of sales for Block; ResMed revenue up 9pc; Follow updates here.
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- Timothy Moore, Cecile Lefort, Joshua Peach and Joanne Tran
ASX tops 8100 points; oil gains on MidEast worries, DroneShield sinks
Australian shares reset record high. Meta rallies after its results beat expectations. Regulator backs Namoi Cotton buyout. Follow updates here.
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- Timothy Moore, Joshua Peach, Joanne Tran and Cecile Lefort
July
ASX jumps 1.8pc after June CPI data; Rio rallies
Shares jumped the most since 2022 amid a broad rally; traders bet on Reserve Bank rate cuts; Commonwealth Bank tops BHP to become biggest Australian firm; Rio Tinto half-year profit at $5.8 billion. Follow updates here.
- Timothy Moore, Joanne Tran, Sarah Jones and Joshua Peach
ASX slides as BHP drops 1pc; Fortescue plunges 10pc
Shares fall after a sell-off in commodity stocks; BHP buys Toronto listed copper miner Filo; Ramsay appoints ex Woolworths executive; Rex shares still suspended; Fortescue hit with $2 billion block trade. Follow updates here.
- Timothy Moore, Joanne Tran and Sarah Jones
ASX climbs amid broad rally; Fletcher slumps after profit hit
Shares advance; Adore Beauty names Sacha Laing as chief executive; Fletcher expects $NZ30m hit to earnings; Kogan sees ‘positive trend’ in sales; Bitcoin hits six-week high. Follow here for more.
- Joanne Tran and Sarah Jones
ASX rises; Bellevue Gold plunges 22pc; MinRes rallies
Shares advance at the closing bell; Mineral Resources says its on track to meet production guidance; Bellevue tumbles on discounted equity raising. Follow updates here.
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- Timothy Moore, Joanne Tran and Joshua Peach
Shares fall; Macquarie, Fortescue sink on results
Shares lose 1pc. Seek warns on profits. ANZ suspends, terminates staff. Fortescue misses production expectations. Wall Street tumbles on slowdown worries. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Joshua Peach and Joanne Tran
Energy and property stocks weigh on ASX; $A drops below US66¢
Shares slip at the closing bell; Perpetual hit with outflows; the Australian dollar extends sell-off as iron ore inches closer to $US100. Follow updates here.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
ASX rises as tech stocks bounce; Woodside hits one-month low
Australian shares open higher. Nvidia, Tesla pace a megacap tech rally. $A hits 1-month low. Copper hits a 3-month low. Follow updates here.
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- Timothy Moore, Joshua Peach, Sarah Jones and Joanne Tran
ASX falls; Insignia rallies 5pc; South32 sinks 13pc
Shares decline at the closing bell; gold and oil rise as US election chaos escalates after Biden drops out; Woodside splashes $1.35 billion on US LNG. Follow here for more.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
Chaos across Melbourne as hospitals, airport, supermarkets hit
Shares retreat below 8000 points. APRA relents on Westpac. Lifestyle Communities pulls guidance. Netflix’s profit surges. ECB holds rates. Copper, gold, oil fall. Follow here.
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- Timothy Moore, Tom Richardson, Joanne Tran and Joshua Peach
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
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
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.
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- Timothy Moore, Tom Richardson, Alex Gluyas, Sarah Jones, Joanne Tran and Joshua Peach
