LATEST FINANCE NEWS

ASX closes 0.23% higher: Woolies tumbles 4.2%
02 May 2024 - At the closing bell, the S&P/ASX 200 was 0.23 per cent higher at 7,587, led by gains in the financial sector, as National Australia Bank exceeded analysts' expectations with a $3.55 billion cash profit, while US markets remained mixed following the Federal Reserve's decision to maintain interest rates and Chairman Powell's indication of unlikely further rate hikes.

ASX up 0.32% despite concerns of prolonged interest rates in the US
02 May 2024 - Australian shares showed resilience, edging higher on Thursday morning despite concerns about prolonged higher interest rates, with the S&P/ASX 200 up 0.2%.

US markets mixed as Fed opts to hold rates steady
02 May 2024 - US equities traded mixed for most of the session after Federal Reserve Chair Jerome Powell commented that the next move is unlikely to be a hike, easing investor concerns that the Fed was losing control of sticky inflation.

ASX drops 1.2% as US labour data came in hotter than expected
01 May 2024 - On Wednesday, the Australian sharemarket experienced a decline, with the benchmark S&P/ASX 200 Index dropping by 1.2 per cent, or 94.2 points, to 7569.9 points at the close.

ASX falls 1.14% as tech sector drops
01 May 2024 - Australian shares experienced a significant decline following a surge in US labour data, heightening worries about prolonged high interest rates due to persistent inflation concerns.

Hot wages data weighs on US markets; Amazon profit more than triples
01 May 2024 - US stocks tumbled overnight to close out a losing month after higher-than-expected wage data raised new inflation concerns ahead of the Federal Reserve’s rate decision on Wednesday.

ASX closes 0.4% higher: Lithium miners rally
30 Apr 2024 - Australian shares closed higher on Tuesday, with the S&P/ASX 200 advancing 0.4% to 7664.1 points, supported by gains in lithium miners, while investors exercised caution ahead of the US Federal Reserve's policy meeting for insights into interest rates amidst persistent inflation concerns.

ASX up 0.21% near noon: Australian retail sales decline 0.4% in March
30 Apr 2024 - Australian retail sales unexpectedly declined by 0.4% in March, influenced by high interest rates impacting consumer spending, according to data from the Australian Bureau of Statistics (ABS).

Tesla & corporate earnings continue to underpin US markets
30 Apr 2024 - US markets continued to rise underpinned by strong earnings numbers. Results from the reporting season so far have seen over 80 per cent of US companies beating expectations.

ASX closes 0.8% higher: All sectors in the green
29 Apr 2024 - Australia's stock market rebounded on Monday, recovering from a previous decline, amid uncertainty surrounding interest rates in both Australia and the US.