Sharemarket
Updated
Wall Street
‘Deeply pessimistic’ consumer confidence weighs on ASX
The local sharemarket closed flat on Tuesday as Myer revealed its sales growth has practically ground to a halt, and consumer confidence data showed sentiment continued to worsen.
- by Millie Muroi
Latest
‘I think we’ll see a recession’: Market veteran worries the RBA has gone too far
Gerard Minack says that even if rates don’t climb any higher, Australia is on track to take an economic hit.
- by Clancy Yeates
Updated
World markets
ASX extends losses after Wall Street’s worst day since April
The local sharemarket slipped for a second day after Wall Street tumbled to its worst drop in months as its rally lost momentum.
- by Millie Muroi
Earnings pain on the menu as rate rises bite
Profit growth is tipped to slow and CEO commentary to be cautious as companies get ready to deliver their annual results. But experts say it’s more of a slowdown than a cliff.
- by Clancy Yeates
Bargain hunting on the ASX as bad news offers discount deals
“When there’s blood on the dance floor as there is now, this is when the best opportunities emerge,” says Ophir senior portfolio manager Andrew Mitchell.
- by Clancy Yeates
Opinion
For subscribers
‘Goldilocks’ nightmare: The big bet that could go very wrong for investors
Markets are surging as they count on a number of ideal scenarios playing out. There will be widespread damage if they don’t get it right.
- by Stephen Bartholomeusz
Opinion
Inflation
The US surprise that is good news for Australia
The US just got another sign it is starting to win its war on inflation, which is set to shake up the interest rates picture. It is encouraging for Australia’s future.
- by Stephen Bartholomeusz
Birkenstock mulls $9b sharemarket listing as ‘ugly’ sandals become high fashion
The cork-soled shoes developed by Karl Birkenstock in 1963 and marketed as “fitness sandals” have been worn by celebrities including Leonardo DiCaprio and Kendall Jenner.
- by Daniel Woolfson
Updated
Interest rates
ASX falls to 50-day low amid fears of higher US rates
The Australian sharemarket took a sharp dive after a hotter-than-expected US jobs report suggested interest rates in the US could head higher.
- by Millie Muroi
Updated
Bonds
Mining heavyweights BHP, Rio drag down ASX
The Australian sharemarket dropped on Thursday, dragged down by the mining giants, after Wall Street pored over the Fed minutes to gauge how high rates will go.
- by Millie Muroi
Updated
Shares
Australian shares dip as Chinese economy wobbles
The Australian sharemarket pared back gains made on Tuesday after the Reserve Bank pressed pause on its rate rises.
- by Millie Muroi