Rocky year in shares as miners dig market out of a hole
The Australian Securities Exchange underperformed its international peers by a long shot in the past year, but some sectors still delivered strong gains.
The Australian Securities Exchange underperformed its international peers by a long shot in the past year, but some sectors still delivered strong gains.
The local exchange is in a holding pattern, as a strong financial sector performance offset weakness in other segments.
The Australian share market has dropped 1.2 per cent after Donald Trump extended a ceasefire but his pick to lead the Fed has adopted a hawkish stance.
Transport workers could soon be getting more money to cover the costs of rising fuel prices from the Iran war after a decision from the workplace watchdog.
The Australian dollar is trading at multi-year highs as signs of de-escalation support the global growth outlook, but the optimism has not extended to shares.
Hopes oil might resume flowing through a key shipping route have buoyed investor sentiment, but relations remained strained ahead of key US-Iran talks.
The bourse has clocked its best session in a year after a US-Iran ceasefire deal supported hopes of de-escalation and improved oil flow from the Middle East.
Oil prices have plunged below $US100 a barrel and Asian markets have jumped after the US and Iran agreed to a two-week ceasefire.
Australia's share market has risen to four-week highs, but investor optimism could be short-lived with the potential for escalating conflict in the Middle East.
Australia's share market has dipped ahead of the long weekend after hopes of a timely end to the Iran conflict crumbled under US threats to escalate attacks.
Hopes of de-escalation in the Middle East war have reinvigorated investor sentiment and boosted markets, but details from the US administration have been scant.
The Australian share market has fallen 0.7 per cent after oil prices hit a nearly four-year high and Houthi militants entered the Middle East war.
The local bourse has had its first positive week since February, but traders remain cautious with the US and Iran still at odds over a potential ceasefire.
Hopes of de-escalation between the US and Iran have catapulted the bourse higher, on reports the US wants a month-long ceasefire to discuss a path to peace.
crisis
financial markets
oil and gas - downstream activities
peace negotiations
unrest, conflicts and war
Iran has fired more missiles at Israel and trashed President Donald Trump's claim the US is in talks to end the war, saying he's just manipulating the markets.
Markets have welcomed a US deadline extension on its latest threats against Iran, but ongoing oil supply constraints continue to weigh on confidence.
The US president has dialled down his threats to "obliterate" Iran's power grid, giving the Australian stock market time to breathe - for now.
Australia's mining sector is under renewed pressure, after gold tumbled to a two-month low as oil prices skyrocket and hammer hopes for global growth.
The bourse is down for a third straight week with more than $270 billion wiped from its market value since US attacks on Iran sparked an energy market crisis.
The Australian stock market has fallen to its lowest level since November, with heavy losses for goldminers as the yellow metal fell to $US4,850.
The local bourse is making a tentative advance after a relatively quiet night for oil prices, ahead of a national cabinet meeting to discuss fuel supplies.
A global energy watchdog has released a record emergency release of crude as it warns the US-Israeli war on Iran is causing the biggest oil shock in history.
Oil prices have surged as the Middle East conflict escalates, overshadowing a plan to release millions of barrels of crude reserves to shore up supply.
Volatile oil prices continue to dictate stock market sentiment with the local bourse trading higher on hopes tapping reserves could shore up crude supply.
Hopes of a timely end to the Middle East conflict sparked a relief rally on the local bourse, but the optimism was limited, capping gains by the close.
The ASX200 has dropped almost three per cent, wiping out all its gains for the year amid the spiralling war in Iran.
Australia's share market has posted its worst weekly drop in almost a year, as oil prices continue to surge on the back of widening conflict in the Middle East.
Hopes of potential de-escalation in the Middle East and US assurances around crude supply have supported a lift in equities, despite a fresh wave of attacks.
Australia's share market has plunged as surging oil prices dimmed the global growth outlook and dragged on industrial metals producers.
Strength in energy, mining and consumer staples stocks has capped the impact of US-led attacks against Iran on the local bourse, but major uncertainty remains.
The local bourse's value has swelled by about $85 billion in February to record highs, swept up by strong interim financial results and commodity prices.