Yesterday
ASX closes lower ahead of federal budget; critical mineral miners jump
Australian edged down in quiet session ahead of federal budget. Energy and real estate stocks fall. Budget at 7.30pm. US producer prices ahead.
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This Month
ASX closes flat, Fletcher, Lendlease drop
Shares flat; Fletcher hit by weak housing market; Lendlease disputes ATO claims; Iress in security breach; ANZ investigated by ASIC. Follow updates here.
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Markets on edge ahead of budget cash splash
Australian shares are set to edge lower on Monday as they wait to assess the impact of federal budget spending on the central bank’s path to an interest rate cut.
Energy pushes ASX higher, Life360 falters
Shares lift; Suncorp homeloans up; QBE premium increases help results; Helia in $100 million share buyback, Upbeat outlook for St Barbara. Follow updates here.
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Investors are set to pile into Australia’s first green bond
European fund managers are backing the federal government’s plans to shed its reputation as a coal polluter, with its $7 billion bond looking well oversubscribed.
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Shares fall; Baby Bunting crashes, retailers dive, banks drop
Shares slip 1.1pc. Retail worries mount on multiple trading updates. CBA’s profit slips 5pc, consumer debts creep higher. Westfield lifts investment after Bondi attack. Follow here.
Some fundies unconvinced the RBA is done with rate increases
Fortlake Asset Management’s Christian Baylis has joined a small number of economists who expect rates to rise, not fall. He says inflation isn’t under control.
Shares flat; Perpetual shares sink on KKR deal, Pinnacle jumps
Shares pare gains. ANZ sticks to Nov rate cut call. Dow rises for five straight days. Goodman lifts guidance. IPH lobs Qantm takeover bid. Leo Lithium sells $US343m tenement stake. Follow here.
Traders trim rate rise bets on patient RBA
The markets are now pricing in just a 15 chance the cash rate will rise again this year after the Reserve Bank stood pat on Tuesday.
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ASX has best day in three months on RBA rate call; banks rally
Shares jump 1.4 per cent at the closing bell as CBA climbs; Reserve Bank revises inflation forecast; ANZ records 7 per cent cash profit decline in first half results. Copper breaches $US10,000. Follow updates here.
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RBA’s radio silence fuels extreme rate rise bets
Traders’ bet that the RBA will lift the cash rate is fuelled by the central bank’s lack of communications since March as it undergoes sweeping reporting changes.
ASX rises ahead of RBA cash rate decision; Westpac rallies
Real estate and technology stocks push shares higher; Qantas agrees to pay $120 million to resolve ACCC dispute; Westpac announces $1 billion buyback; GrainCorp downgrades profit guidance. Follow here for more.
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Economists call for tighter immigration to help RBA’s inflation war
Economists from some of the largest banks are urging the government to restrict migrant visas to help ease the housing crisis that is pushing rents and prices of goods higher.
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ASX climbs a tech share rally; Pro Medicus hits record
Miners, tech lift shares 0.4pc. Afterpay grows sales 25pc. New car sales hit record in April. Apple lifts dividend, buyback to record $US110b. Follow here.
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Markets cheer after Fed chief rules out rate increases
Traders have ramped up US rate cut bets this year after the Federal Reserve kept interest rates on hold, but the prospect of higher rates in Australia this year is still on the cards.
NAB result boosts banks; Woolworths, Bapcor, Block sink
Shares rise. Sequoia Financial rebels demand CEO exit. NAB declares flat dividend. Woolworths says food prices largely flat, shares sink. Bapcor crashes. Fed says rate rise unlikely. Follow here.
Fed, RBA to talk tough on inflation and rates
The central banks are expected to take harsher tone on tackling inflation at their upcoming policy meetings, further tempering rate cut hopes that have underpinned equities this year.
ASX down 1.2pc as all sectors sell off; Qantas shares fall
Shares decline at the closing bell after US data spooks Wall Street; Rabobank expects two RBA rises this year; Qantas app breached, airline investigating cause. Follow here for more
April
ASX closes up; worst day for Worley since 2021
Shares firm; retail sales disappoint; $A slips; Sidara sale sinks Worley; BHP confirms $38b settlement; Origin gas revenue falls; Coles sales up. Follow updates here.
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CBA tips one rate cut this year as retail sales ease fears of a rise
Last week’s hot inflation data reignited the prospect of further rate increases, but Tuesday’s weak retail sales numbers have traders walking back those expectations.