Once again, this is not an exhaustive list of ASX companies reporting this week, but here goes for another busy week: Monday: oOH Media, Ampol, GWA Group, Iress, Sims, Bluescope, Suncorp, Lend Lease, GPT Tuesday: Ingenia Communities, Judo, Hub24, Reliance Worldwide, ARB, Ansell, Monadelphous, Vicinity Centres, Dexus, Iluka Wednesday: Lottery Corp, Pexa, Lynch Group, Wisetech,...
Tag: dollar
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RBA governor reiterates rate cuts unlikely in the near term, ASX closes higher — as it happened
Questioning has turned to housing, and the challenges with high rental increases and constructing new residential properties. Independent MP Allegra Spender asked about the intersection between houses being built by governments and those being built privately, and whether the two are adding to the challenges in building new housing. Bullock replies that there is “quite...
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Live: ASIC sues ASX for alleged misleading statements as Commonwealth Bank’s annual profit drops
Corporate watchdog ASIC has commenced proceedings in the Federal Court against Australia’s largest market operator, ASX Limited, for allegedly making misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project. ASIC alleges statements made in ASX announcements on 10 February 2022 that the project remained “on-track for go-live” in April 2023 and...
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Reserve Bank of NZ cuts interest rates as ASIC sues ASX for alleged misleading statements — as it happened
The ASX 200 is higher as we head into the final hours of trade this afternoon, up 0.6% to 7,874 points as of 1:05pm AEST. All but two sectors are trading higher, with basic materials and energy both down 0.3%. Industrials is leading the charge for the sectors (+1.9%) followed by technology (+1.7%) and real...
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Live: ASX to open flat after mixed day on Wall Street
Good morning and welcome to the ABC’s markets blog! I’ll be with you this morning to help you get across the day’s business and finance news. Loading (That’s me, waking you up, to share the day’s news) Firstly, it looks like global markets have been continuing to recover from last week’s volatility. Stock markets had...
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Live: ASX 0.6 per cent higher, JB Hi-Fi impresses with result
Monday: RBA Deputy Governor speech Tuesday: Wage Price Index (Q2), Westpac/MI consumer sentiment (Aug), NAB business survey (July) Thursday: Unemployment/ employment (July) CBA household spending intentions Friday: RBA Governor appearance at House of Reps committee hearing Wages and jobs dominate the local data feed this week. The Wage Price Index (Q2) drops on Tuesday and...
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Live: RBA officials grilled over cost-of-living crisis, Australian shares open lower after Wall Street rebound
Analysts have said that along with the weak US jobs data, part of the market volatility in recent days has stemmed from other factors. Part of that is increasing geopolitical tensions in the Middle East. Another was the Bank of Japan’s decision last week to raise interest rates, which contributed to a rise in the...
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Live: ASX higher after Magnificent Seven lose $US800b in value as recession fears stoke Wall Street sell-off
You’re going to hear a lot about “yen carry trade” today. Betashares’ David Bassanese spoke to the ABC’s Radio National this morning where he explained it very succinctly. He started off by explaining “the other big thing” besides the fears of US recession that could be worrying investors. “The Bank of Japan raised interest rates...
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RBA board says no cuts expected in next six months after leaving interest rates on hold — as it happened
That’s the view of EY chief economist Cherelle Murphy, who spoke to finance presenter Alicia Barry on News Channel a short time ago. Asked whether the RBA will have capacity to cut interest rates by the end of the year — as money markets are currently pricing in — Ms Murphy said it’s unlikely there...
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Live: ASX set to tumble as recession fears crunch Wall Street and global markets
Good morning and welcome to another week on the ABC markets and finance blog. Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day’s events, where every post is hopefully a winner, but none should be construed as financial advice. Global markets embraced the Olympics on Friday – unfortunately the...
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Live: Bank of England cuts rates for first time in four years, ‘pretty brisk decline’ likely on ASX after Wall St sinks
Good morning! It’s Friday, August 2 and you’re reading the ABC’s markets blog — and I am thrilled to have your company. Let’s kick things off with a quick look at what happened on Wall Street overnight, where trade wrapped up a short time ago. US stocks ended sharply lower on Thursday, despite seeing some...
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Live: ASX to rise, US Fed signals upcoming rate cut
Good morning and welcome to Thursday’s markets live blog, where we’ll bring you the latest price action and news on the ASX and beyond. A rally on Wall Street overnight sets the tone for local market action today. The Dow Jones index rose 0.2 per cent, the S&P 500 was up 1.6 per cent and...