Aussie market claws back ground after Wall St plunge
The Australian share market has resumed its downward trend, after dropping sharply in early trading and recovering a little in the wake of a US market sell-off.
The Australian share market has resumed its downward trend, after dropping sharply in early trading and recovering a little in the wake of a US market sell-off.
Global growth fears and trade war uncertainty continue to drive markets lower, with the local bourse losing a tenth of its value in less than four weeks.
Australian shares have edged higher as a new trading week begins, but it could be a bumpy time ahead with ongoing uncertainty over US tariffs and global growth.
Australian shares have continued their downward trajectory as US protectionism escalates global tensions and drives market uncertainty.
The Australian share market has fallen to its lowest level since towards the end of 2024 as uncertainty over global trade sends investors ducking for cover.
Mining companies are set to see their earnings plummet as commodity prices fall, resulting in lower tax receipts and bigger government debt.
After iron ore prices plunged by more than a third since the start of the year, Chinese stimulus measures spell good news for the Australian budget.
Australian cryptocurrency enthusiasts are confident "it's a brand new world" after Bitcoin hit the highest price in its 15-year history.
Russian drone attacks have destroyed buildings in the port of Izmail and halted ships as they prepared to arrive there to load with Ukrainian grain.
High farmgate prices are driving positivity in the dairy industry but not all farmers share the optimism.
Sports Minister Richard Colbeck says athletes and teams representing Russia or Belarus are not welcome in Australia.