Aust stocks hit 10-week low after Fed’s ‘hawkish pause’
The local share market has fallen 1.4 per cent to close at its lowest level since early July after the Federal Reserve sounded hawkish on interest rates.
The local share market has fallen 1.4 per cent to close at its lowest level since early July after the Federal Reserve sounded hawkish on interest rates.
The local share market finished down 0.7 per cent at the start of a week that will feature meetings by six central banks and minutes from the RBA.
The local share market has closed 0.7 per cent higher, with Wesfarmers climbing its farthest since February 2022.
The local share market was on track for its second day of gains at midday, with Wesfarmers hitting its highest level since February 2022.
The ASX was up 0.2 per cent at midday, with strong gains for tech stocks after Nvidia posted a "jaw-dropping" earnings beat.
The ASX has finished up 0.5 per cent, with more strong gains for tech stocks after Nvidia posted a "jaw-dropping" earnings beat.
The local bourse finished the day flat to conclude the week down 2.6 per cent, its worst since a 3.9 per cent sell-off for the week ending September 2.
The local share market has finished down 1.5 per cent, with the technology, financials and materials sectors suffering even greater losses.
The Australian share market closed down 0.7 per cent to a five-week low, while the local currency had dropped under 64 US cents on a weak jobs report.
Japan's Nikkei has fell 1.1 per cent, bringing the losses so far in August to 2.5 per cent, giving back some of the 7.5 per cent surge seen a month earlier.
The local share market has finished 0.4 per cent higher after a positive lead from the US, with rising commodity prices benefiting energy and materials sectors.
The local bourse has fallen 0.35 per cent after underwhelming Chinese economic data raised fears Australia's largest trading partner is heading for a slowdown.
The Australian share market has finished 0.12 per cent higher on the financial year's last day of trading but uncertainty awaits investors.
The local bourse was flat at noon on the financial year's last day of trading as investors turn their attention to manufacturing data out of China.
The local bourse has fallen 0.3 per cent, finishing lower for a fourth straight day and closing at its lowest level since March 29.
The local share market dropped 1.6 per cent after the US central bank chairman said interest rates needed to rise further.
The local share market has suffered its biggest loss since March 20 as the US debt ceiling talks drag on with no end in sight.
The local bourse has dropped 0.6 per cent to hit a five-day low as debt ceiling talks continue in the US, with no sign of an imminent resolution.
The local bourse was down 0.5 per cent at midday, as debt ceiling talks continue in the United States with no sign of an imminent resolution.
Safe havens have taken a battering as investors relax about the stability of the financial sector, with banks helping to lift global share markets.
Carbon credits are no free ride and billions are being spent electrifying mine sites, industry figures have told a hearing on the government's climate policy.
Cryptocurrency firm Digital Surge will survive as creditors vote for a bailout after hours of questions put to administrators by some of the 30,000 investors.
New compensation will go to big emitters under a revamped scheme designed to support heavy industry to cut pollution more quickly while remaining profitable.
The FTX collapse wiped many crypto wallets and took out smaller exchanges, but administrators for Aussie platform Digital Surge are working on a rescue plan.
The Reserve Bank of Australia is warning that large-scale data breaches and cyberattacks could destabilise financial institutions.
An array of mechanisms are in play to cut emissions, with new laws simply setting a framework for detailed climate response tools that are yet to be argued out.
The ASX has dropped to a 19-month low after its sixth straight losing session and worst weekly performance since March 2020.
The local share market has suffered its worst losses since 1 May 2020, and is now down 7.3 per cent in June.
Blue carbon projects could provide a win for Traditional Owners, biodiversity and corporates who need to satisfy climate-savvy customers and offset emissions.
Australia's carbon emissions need to peak during the next parliament to achieve net zero by 2050, but there's no expectation the major parties will change tack.
The Australian stock market has fallen sharply, with major retailers hitting multi-year lows on fears of rising fuel and freight costs.