ASX rallies despite RBA inflation warning
The ASX200 had its strongest gains in three weeks despite an RBA warning that higher oil prices will increase annual inflation to four per cent this year.
The ASX200 had its strongest gains in three weeks despite an RBA warning that higher oil prices will increase annual inflation to four per cent this year.
The ASX200 index returned above 7000 points, despite further oil and gas boycotts of Russia which may also slow the global economy.
Australian shares' longest winning streak of the year has unravelled after lofty commodity prices, pushed higher by fears over Russian supply, finally eased.
A fine week for ASX investors looks like having a disappointing end as the market gives back some of its commodity-based gains.
Commodity shares continued rising on the ASX while investors eased off the supermarkets as the latter struggled with flooding on the east coast.
Investors are betting the war in Ukraine will deter central banks from raising rates, as they moved the ASX higher for a third consecutive day.
The Australian share market has closed 0.7 per cent higher on the back of gains in mining stocks but investors remained cautious.
The Australian share market was trading higher at midday with investors cautious amid the escalating Ukraine Russia conflict.
The Australian share market has slid by nearly 3 per cent after the Russian announcement of military operations in Ukraine.
Investors were having their worst day of the week on the ASX, after shelling began in Ukraine with fears of a Russian invasion.
A late fall in ASX trade has followed news reports of shelling in eastern Ukraine and put investors on edge.
Financial giants have impressed investors with their earnings and helped stoke expectations of the Commonwealth Bank figures due on Wednesday.
Macquarie and Suncorp have impressed investors with earnings and helped raise the ASX by more than one per cent.
Rising bond yields have lured ASX investors from shares as they brace for higher global interest rates in 2022.
Iron ore miners have benefited from production challenges in Brazil and ensured ASX investors are ahead for the week with one trading day remaining.
Shares have had their biggest one-day rout on the ASX since September 2020 following fears interest rate hikes will be brought forward.
Share prices have been dropping across the ASX, with Afterpay losing almost 10 per cent as investors prepare for earlier rate rises in the US.
The Australian share market vaulted nearly 2 per cent in its first trading session for the year, with every single sectoral index closing higher.
The Australian share market has jumped more than 1 per cent by midday in its first trading session for the year.
Financials and mining stocks have kept the Australian share market higher at midday.
Investors had their best day on the Australian share market in almost two weeks after stock in biotech giant CSL rose by almost five per cent.
A broad-based rally has been under way on the ASX as CSL and energy providers bounced back from substantial losses in recent days.
Afterpay and rivals Zip and Sezzle fell heavily on the Australian share market due to a possible US probe into consumer harms from their services.
Traders are waiting to see if Europe's top central banks, the ECB and Bank of England, match the US Federal Reserve's upbeat message and cut stimulus.
Investors are waiting to see what the Federal Reserve will do to dampen inflation.
Woolworths and Afterpay shares had sizeable falls as investors questioned their short-term outlook and kept the Australian market steady.
A big slide in Woolworths shares and the selling of Afterpay stock led the ASX indices slightly lower in early trade.