ASX rises as rate cut bets hold firm — as it happened
The Australian share market had a solid finish to the week as bets on a rate cut next Tuesday remained strong. See how the day unfolded on our business blog.
Stephanie Chalmers is the ABC's digital lead for business news. Stephanie has worked as a multi-platform reporter, covering corporate and economic news for the Business Reporting Team, based in Sydney. Prior to joining the ABC in 2017, she was supervising producer at Sky News Business.
The Australian share market had a solid finish to the week as bets on a rate cut next Tuesday remained strong. See how the day unfolded on our business blog.
Research from Cotality shows the portion of dwellings valued at $1 million or more has risen from just below 10 per cent in April 2015, to more than 34 per cent a decade later.
Markets are still almost certain of an interest rate cut next Tuesday, and three by the end of the year, despite a shock 89,000 increase in employment. The ASX closed broadly flat as financial sector gains more than offset mining and energy losses.
Corporate regulator ASIC launches its fourth action against Macquarie in just over a year, alleging its broking arm misreported millions of short sales to the market operator over a 14-year period.
Australian shares just scraped into positive territory by the day's close on Wednesday. Bureau of Statistics data showed wage growth picked up in the March quarter. ASIC takes action against Macquarie for the fourth time in 12 months.
Investment bank Macquarie is hit with additional licence conditions as the corporate regulator slams "multiple and significant compliance failures".
Local shares slipped backwards on Tuesday, while data showed building approvals fell by 8.8 per cent in March. Catch up on the day's events and insights from our business reporters on the ABC News live markets blog.
The Australian share market closed at a two-month high after China said it was evaluating multiple approaches by the Trump administration for trade talks. US stocks continued to reclaim ground from their post-tariff losses. But Amazon's shares fell in extended trade.
The ASX eked out a small gain, as strong rises in the local tech sector were offset by widespread falls in mining and energy. Here's how the day unfolded on the ABC News live markets blog.
Economists continue to forecast a rate cut when the Reserve Bank meets in just under three weeks. The US posted a record trade deficit for March ahead of the imposition of tariffs. Here's how the session unfolded on our markets blog.
The local share market has closed on a four-week high ahead of the Anzac Day long weekend. Global stocks rallied following the US president apparently softening his stance on China and the Federal Reserve. Catch up on the day's events and insights from our business reporters on the ABC News live markets blog.
Tesla boss Elon Musk will cut back on his commitment to the Trump administration's DOGE and recommit to the carmaker, in a move cheered by investors after what analysts have called a "disaster" result.
Australian shares rallied after Wall Street regained ground on hopes of a trade war de-escalation. Gold miners fell as the price of the metal plunged from record highs.
The Australian share market has closed slightly lower, while shares in Star Entertainment have faced choppy trade after their suspension ended. Nvidia shares fell after-hours on Wall Street.
Casino firm Star Entertainment pulled back from the brink of collapse thanks to a deal with US giant Bally's and pub billionaire Bruce Mathieson. Now its shares are set to return to trade, after it posted a steeper-than-expected financial fall.
Australia's dollar has recovered from last week's heavy losses, and the ASX200 has closed up modestly. Catch up on the day's events and insights from our business reporters on the ABC News live markets blog.
Australian stocks have posted their biggest one-day gain in five years after Donald Trump paused the implementation of his latest round of tariffs, sending Wall Street on its biggest bounce since the global financial crisis.
Australian shares give back most of the previous session's gains, with the All Ords dropping 1.9pc as China reacts to Donald Trump's tariffs coming into force.
Star has warned for months it could fall into administration if a financier wasn't found and has now reached a deal with Bally's, after a separate refinancing deal fell over.
Australian shares have risen 2.3 per cent as markets across Asia have clawed back some ground after sessions of heavy selling. Japan is leading the gains as it prepares to negotiate with the Trump administration.
The ASX 200 index plunged more than 6 per cent at the open before regaining some ground. But it was still the biggest one-day fall for local shares since COVID-19.
Fears of a recession in the US and big losses on Wall Street flowed through to the Australian share market, which dropped around 4 per cent over the week, its worst five-day performance since June 2022.
The ASX fell sharply and Wall Street is set for more turbulence, after US President Donald Trump unveiled a raft of global tariffs, including a 10 per cent reciprocal tariff on Australian imports to the US. As it happened.
The RBA board has kept its cash rate target unchanged at 4.1 per cent this month, after delivering its first cut since November 2020 at its Feburary meeting.
The Australian share market has ended its five-day winning streak after the looming threat of tariffs on US car imports weighed down investor sentiment.