Sharemarket
ASX declines, weighed down by rate concerns and losses on Wall Street
The Australian sharemarket had a soft start after a weak lead from Wall Street amid speculation the RBA could raise rates to a 12-year-high on Melbourne Cup Day.
- by Millie Muroi
Latest
Regulator takes to big screen to spread smart word on ‘dumb money’
ASIC is going direct, to a cinema near you, with its warning on not getting burnt by social media investing.
- by John Collett
Updated
Wall Street
ASX drops as inflation surprise raises risk of interest rate rise
The Australian sharemarket reversed its earlier gains on Wednesday as the latest inflation data kept the door open to another Reserve Bank interest rate rise.
- by Millie Muroi
Opinion
Executive shake-up
Continuous explosions: Magellan chief executive exits with a bang
It is paradoxical that Andrew Formica says the key to stemming the outflow of funds across Magellan’s products is to have “less noise” when the shock departure of the chief executive screams chaos.
- by Elizabeth Knight
Analysis
AI
Why AI tech stock boom could be headed for dotcom-style bust
This year’s technology rally defies logic, echoing the famous dotcom boom and bust of the early 2000s.
- by Dan Miles
ASX drifts higher as miners and energy companies gain
The sharemarket bounced up from a 12-month low on the back of energy companies and miners after a mixed day on Wall Street amid a renewed bout of bond market volatility.
- by Millie Muroi
ASX hits one-year low as interest rate jitters sours sentiment
Consumer stocks and healthcare rose but energy companies retreated sharply following a recent rally.
- by Millie Muroi
Updated
Wall Street
ASX caps off a torrid week as fear returns to the market
The Australian sharemarket has lost more than $50 billion in the last two sessions, as Treasury yields approached a decade high and conflict in the Middle East continued to weigh on investors.
- by Millie Muroi
Updated
Shares
ASX dives below 7000 amid rising Middle East risks
The ASX plunged on Thursday after a deadly blast in Gaza complicated efforts to rein in the Israel-Hamas war and a jobs report came in stronger than expected.
- by Millie Muroi
Updated
Wall Street
Healthcare, energy stocks buoy ASX despite weaker Wall Street
The Australian sharemarket has overcome a lacklustre lead from Wall Street, where tech stocks weighed on the sharemarket and bond yields climbed on interest rates fears.
- by Millie Muroi
Updated
Wall Street
ASX steps up amid RBA’s hawkish minutes
The Australian sharemarket traded stronger after US stocks rose and bonds fell amid efforts to prevent the Israel-Hamas war from becoming a regional conflict.
- by Millie Muroi