Aussie shares in record close, break $2.9 trillion mark
Australia's top 500 publicly traded companies are now worth more than $2.9 trillion, as major benchmark indexes closed at their highest ever levels.
Australia's top 500 publicly traded companies are now worth more than $2.9 trillion, as major benchmark indexes closed at their highest ever levels.
Discretionary, banking and utilities stocks have given the local share market a boost as the central bank resumes its easing cycle.
Discretionary and bank stocks have helped buoyed the local share market ahead of an expected interest rate cut from Australia's central bank.
Investors have shrugged off the previous week's gloom to send Australian equities to their best-ever close as rate-sensitive stocks led the bourse higher.
Continued strength in the mining sector and hopes of incoming interest rate relief have helped lift the Australian stock market to fresh highs.
The Australian share market has crossed 8700 points for the first time in its biggest rally since April, while posting its best weekly performance for 2025.
The ASX200 has climbed 0.7 per cent to finish above 8,600 for the first time, and was also within 10 points of its all-time intraday high.
Israel and Iran's escalating conflict has lifted oil prices and energy stocks, but the resulting hike in inflation expectations is weighing on other sectors.
Banks and energy stocks have helped lift the local bourse to record highs, but continued growth will hinge on the outcome of US-China trade talks.
A trade truce between the world's two largest economies helped send Australian shares to new heights, but an afternoon sell-off shows investors remain wary.
Escalating conflict between Israel and Iran has sent markets lower, prompting fears of a broader Middle East conflict and heightened inflation risks.
The Australian share market is at three-month highs after a positive session, shrugging off global trade tensions and ongoing geopolitical risks.
Australia's banks have helped push the local stock market higher as the nation's most valuable company notches a share price record.
Australian shares have pushed higher each session this week as easing trade tensions and hopes of incoming interest rate cuts buoyed markets.
The Reserve Bank is widely expected to deliver a second interest rate cut as global trade uncertainty threatens to rain on Australia's economy.
A potential US-Iran nuclear deal has caused oil prices to tumble, while global share markets caught their breath as trade optimism died down.
Most analysts are asking not if, but by how much, the Reserve Bank will cut interest rates - and upcoming jobs data could be pivotal to that decision.
Australian shares have edged slightly higher amid trade talks between the world's two largest economies, but a deal on tariffs is yet to come.
Australian investors and markets will keenly monitor how Donald Trump's tariffs impact the US Federal Reserve's outlook for future interest rate cuts.
The Australian share market has rallied alongside its Asian counterparts as glimmers of hope appear on the horizon of the US-China trade war.
Local shares have recovered to finish slightly lower as a US sell-off sends the Aussie dollar to its highest level against the greenback in four months.
The Australian share market has continued its march higher and is within reach of its value before "Liberation Day" US tariff announcements.
Australian shares are on track to finish the shortened week higher, as US tariff headlines settle down and trading volumes ease ahead of the Easter break.
A development in the US-China tariff war has nudged Australian shares higher with the White House carving out smartphones, computers and other electronics.
Equities and commodities have whipsawed at the whims of erratic US trade policy but worrying signs are emerging in the plumbing that holds markets together.
Australia's share market has erased most of its previous day's gains, resuming its slide as US "Liberation Day" tariffs take effect and crush confidence.
As rate-cut bets see-saw, the Reserve Bank governor says Australia is well placed for overseas shocks in her first speech since Donald Trump's tariff thump.
Australian shares have rebounded strongly after US President Donald Trump delayed his latest round of tariffs as the US-China trade war escalates.
The Australian share market has finished the week down after a tariff delay wasn't enough to offset worries over an escalating US-China trade war.
Australian shares have posted their best daily gain for 2025, stemming losses over three consecutive sessions since the announcement of US tariffs.
Global equities are selling off after US tariffs came in more hawkish than expected, sending dread through markets and global growth expectations.