Australian shares suffered their biggest one-day fall since COVID-19, as Donald Trump described the market turmoil as “medicine”. After a wipe-out on Wall Street on Friday (US time), US stock market futures pointed to further falls when American markets reopen on Monday, setting the tone for heavy selling during Australian and Asian trade. The ASX…
59m agoMon 31 Mar 2025 at 8:24pm Market snapshot Australian dollar: Flat at 63.02 US cents ASX 200 futures: +0.9% to 7,944 points S&P 500: +0.6% to 5,611 points Nasdaq: -0.1% to 17,299 points Dow Jones: +1% to 42,001 points FTSE: -0.8% to 8,582 points EuroStoxx: -1.5% to 533 points Spot gold: +1.4% to $US3,157/ounce…
(Bloomberg) — The Australian dollar may be headed for its first annual gain since 2020, as the central bank keeps interest rates high and the economy benefits from expected Chinese stimulus. Most Read from Bloomberg The Aussie will climb as high as 68 cents by December, according to Westpac Banking Corp. and Bank of America…
2h agoMon 10 Mar 2025 at 8:47pm Market snapshot ASX 200 futures: -0.9% to 7,895 points Australian dollar: -0.5% to 62.75US cents S&P 500: -2.7% to 5,614 points Nasdaq: -4% to 17,468 points FTSE: -0.9% to 8,600 points EuroStoxx: -1.3% to 546 points Spot gold: -0.8% to $US2,888/ounce Brent crude: -1.6% to $US69.22/barrel Iron ore:…
You wouldn’t be an economics forecaster for quids. Well, maybe you would, given the money they make, never even blinking about their frequent and sudden about-turns. A couple of months back, when the Australian dollar burst through 0.69 US cents, there was no shortage of highly paid currency traders and economists predicting a quick flirtation…
Just nowMon 25 Nov 2024 at 9:07pm Petrol falls 4.5c at the bowser in past week Falling global oil prices are making it to the pump. Last week the average retail price of a litre of unleaded fuel, averaged nationally, was 173.0-cents, down from 177.5-cents a week earlier. The average for the past 12-months has…
Reducing the debt of China’s beggared local governments by CNY (yuan)12 trillion ($2.6 trillion) in less than five years sounds impressive but it has been met with serious disappointment by those on the outside looking in – investors, commodity traders and a large chunk of the commentariat. Certainly, investors on the ASX were disappointed and…
An Australian one-hundred dollar banknote, top, and a New Zealand one-hundred dollar banknote are arranged for a photograph in Hong Kong, China, on Thursday, March 13, 2014. Bloomberg | Bloomberg | Getty Images The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two years against…
A picture taken on December 7, 2021 in Istanbul shows U.S. dollars banknotes. Ozan Kose | Afp | Getty Images The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected the start to a U.S. easing cycle that markets are betting may begin with an outsized rate…