Bond yields jump and stocks wilt amid rate cut doubts
Renewed concerns about the timing and extent of US interest rate cuts have put pressure on global stocks and pushed bond yields close to a four-week high.
Renewed concerns about the timing and extent of US interest rate cuts have put pressure on global stocks and pushed bond yields close to a four-week high.
After being up as much as 0.3 per cent, the ASX200 faded to finish basically unchanged after the Royal Bank of New Zealand said it considered rate hikes..
The ASX200 finished down 0.2 per cent amid job layoffs by Telstra and underwhelming earnings reports from James Hardie and Sonic Healthcare.
The ASX200 has fallen 0.9 per cent, giving up half of Thursday's gains, but still finished the week 0.8 per cent higher.
The ASX200 was down half a per cent at lunchtime, but the bourse was still on track to finish the week up 1.2 per cent, its fourth straight week of gains.
The ASX200 index has suffered its second-worst loss in 13 months, dropping to an eight-week low as prospects dimmed further for quick US rate cuts.
The ASX200 was up 0.2 per cent at midday, stabilising after a four-day losing streak, even as Fed chairman Jay Powell spoke of keeping rates high for longer.
The ASX200 finished down 0.1 per cent, giving up its modest morning gains, as Fed chairman Jay Powell spoke of keeping rates high for longer.
The ASX200 has finished down 0.1 per cent despite setting a record intraday high on strength from the mining sector.
The ASX200 rose 1.0 per cent to finish at 7,897 after trading above 7,900 for the first time ever on the last day of the March quarter.
The local share market closed down 0.4 per cent, with losses for the technology and telecommunications sectors outweighing gains by oil and gas producers.
Every sector has lost ground in broad-based selling ahead of another important US inflation readout seen as key in determining the speed of rate cuts.
The ASX200 rose 1.1 per cent to finish above 7,800 for the first time after more talk of rate cuts as soon as June in the US and Europe.
The ASX200 has finished at its highest-ever level for the second time this month after Jerome Powell told Congress rate cuts are likely this year.
The ASX200 has risen 0.6 per cent to finish above 7,700 for the first time amid optimism around global markets and risk-on sentiment.
The Australian share market has hit a record in intraday trading, before closing at its second-highest level after rallying all afternoon.
The local share market was down 0.1 per cent at midday, as BHP, Sonic Healthcare, Sims, Humm Group and others reported first-half earnings.
The local share market has finished up 0.3 per cent, after better-than-expected earnings from AGL, Transurban, Mirvac, News Corp and Cochlear.
The domestic bourse has hit a fresh all-time high after Amazon, Meta, and Apple all exceeded earnings expectations, raising investor risk appetite.
The ASX200 has closed at a new record high, boosted by cooler-than-expected inflation data that raises the chances of quicker rate hikes.
The local share market was up 0.6 per cent at midday, and had moved less than three points away from eclipsing its previous record high set back in mid-2021.
For a second time this month, the local share market came close to eclipsing its record high set back in mid-2021 but most of its gains faded in the afternoon.
The Australian share market has climbed half a per cent as surging mining companies helped the index to its fifth successive day of gains.
The ASX200 has fallen 0.6 per cent as traders digested US retail sales data and a fall in Australian employment.
The Australian bourse gave up most of the previous day's gains, with the mining sector dropping 2.1 per cent, its worst day in nearly three months.
After its near-record start to 2024, the local share market has finished down 1.4 per cent, its worst one-day drop since July, with losses across every sector.
The ASX200 has finished up 0.8 per cent and is closing in on its all-time high reached in August 2021.
The local share market fell 0.4 per cent on Friday, snapping its two-day rally, but December will still be its best month since November 2020.
The ASX200 came within a tenth of a point of its all-time record set August 13, 2021 this morning, before closing just five points under it.
The local share market has fallen 0.3 per cent and is on track for just its second losing day out of the past 10 sessions.
The local share market dropped 0.5 per cent, closing lower for just the second time out of the past 10 sessions.