Today
Tech drags shares lower; Barrenjoey says buy Liontown, Allkem
Banks gain. Nasdaq futures -1.9pc on Snap downgrade. The Lottery Corp hits boards after Tabcorp demerger. Qantas buys majority stake in TripADeal. Follow updates here.
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- Timothy Moore, Tom Richardson, Vesna Poljak, Alex Gluyas, Richard Henderson, Cecile Lefort and Emma Rapaport
Yesterday
ASX ekes out gain; Codan soars 14pc, Incitec tumbles
The S&P/ASX 200 added 3.3 points on Monday; miners advance on higher iron ore prices; Citi upgrades a2 Milk to ‘neutral’; UBS upgrades IGO to ‘buy’. Follow the latest here.
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- Alex Gluyas, Vesna Poljak, Richard Henderson, Tom Richardson and Cecile Lefort
This Month
ASX closes 1.2pc higher, buoyed by tech
ASX bounced; Blackstone takeover of Crown delayed; Woolworths buys Mydeal; Austral in JV talks; Beach Energy to extend Yolla; IGO lithium progress; China cuts lending rate; $A back above US70¢.
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- Cecile Lefort, Vesna Poljak, Tom Richardson, Richard Henderson, Alex Gluyas and Natasha Rudra
ASX closes 1.6pc lower; Wesfarmers, JB Hi-Fi tumble
Australian blue chips follow US shares lower after S&P 500 dips 4 per cent; Webjet returns to profit in second half FY22; Nufarm profits climb; unemployment rate hits 3.9 per cent.
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- Richard Henderson, Alex Gluyas, Vesna Poljak, Cecile Lefort and Tom Richardson
ASX rises 1pc; UK inflation surges to 40-year high of 9pc
The S&P/ASX 200 adds 70.2 points to 7182.7; $A drops, bond yields ease on soft wages data; UK consumer prices surge 9pc in the year through April. Follow updates here.
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- Alex Gluyas, Timothy Moore, Vesna Poljak, Richard Henderson, Tom Richardson and Cecile Lefort
ASX rises 0.3pc; MinRes adds 5.7pc, Brambles falls 7.6pc
The S&P/ASX 200 added 19.5 points; argument could have been made for 40bp rate rise, says RBA meeting minutes; Havilah surges 80pc on OZ Minerals deal; Goldman upgrades BlueScope Steel to “buy”. Follow the latest here.
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- Alex Gluyas, Timothy Moore, Vesna Poljak, Cecile Lefort, Richard Henderson and Tom Richardson
China’s economy shrinks in April; Citi cuts Wesfarmers to sell
Chinese retail sales and industrial production plunge in April. Shanghai to begin reopening. Shares pare gains, miners turn lower. Bitcoin rebounds. Follow the latest here.
- Timothy Moore, Tom Richardson, Richard Henderson, Alex Gluyas and Cecile Lefort
Tech stocks rally lifts ASX 1.9pc higher
Australian shares bounces 1.9pc; Block, 360 on turbo; Santos, Woodside lifted by oil rally; EOS wins govt; Virtus income down; Virgin class action; $A below US69¢; bitcoin rebound.
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- Cecile Lefort, Alex Gluyas, Richard Henderson, Vesna Poljak, Tom Richardson and Timothy Moore
ASX down 1.8pc to lowest closing level since January
Australian shares ease lower, mirroring declines in US shares as investors prepare for higher rates. Xero grows revenues but falls to a loss. CBA warns of margin pressure. Follow updates here.
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- Timothy Moore, Richard Henderson, Vesna Poljak, Alex Gluyas, Cecile Lefort and Tom Richardson
ASX rises 0.2pc in volatile session; US futures rise
The S&P/ASX 200 added 13.5 points to 7064.7; $A could fall US5¢ if China lockdown continues, warns CBA; Link Group ‘not aware’ of reason for share price decline; ASX confirms delay of CHESS replacement. Follow updates here.
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- Alex Gluyas, Vesna Poljak, Timothy Moore, Richard Henderson and Cecile Lefort
ASX closes 1pc lower in third day of losses
Australian shares fall; LIC reaffirms forecasts; Pendal revenues up; Imugene gets trial nod; AUB equity raising; Elanor in talks with NZ Jasper; $A 2-year lows; Retail sales up; Oil, gold, iron ore fall on global growth concerns.
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- Cecile Lefort, Timothy Moore, Richard Henderson, Vesna Poljak and Alex Gluyas
ASX falls 1.2pc; Magellan dives 8pc, Westpac adds 3.2pc
The S&P/ASX 200 shed 85 points on Monday; $A falls below US70¢; China’s export growth weakens to 2020 low; UBS downgrades NAB to ‘neutral’. Follow the latest here.
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- Alex Gluyas, Timothy Moore, Vesna Poljak, Cecile Lefort, Richard Henderson and Tom Richardson
ASX ends the week 3.1pc lower
Australian shares down; RBA confident on pay rises; Macquarie record profit; Bendigo Adelaide Bank lifts home loans; REA revenue higher; Barrenjoey tops M&A; $A reverses; Chrysos dives.
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- Cecile Lefort, Timothy Moore, Vesna Poljak, Alex Gluyas, Richard Henderson and Tom Richardson
ASX rises, Janus Henderson shares sink, Fed hikes
Australian shares follow US stocks higher on clear Fed rate path. Netwealth downgrades FY22 inflows to exceed $13b. NAB upbeat on funding levels after $5b buybacks. Follow updates here.
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- Timothy Moore, Richard Henderson, Cecile Lefort, Vesna Poljak, Alex Gluyas and Tom Richardson
ASX drops 0.2pc; AVZ dives 19.2pc
The S&P/ASX 200 dropped 11.5 points to 7304.7; Suncorp, Macquarie pass on full rate rise; March retail sales beat expectations; rising rates no threat to stocks yet, says UBS. Follow updates here.
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- Alex Gluyas, Vesna Poljak, Tom Richardson, Richard Henderson, Cecile Lefort and Timothy Moore
RBA ups cash rate to 0.35pc, CBA lifts variable mortgage rates 0.25pc
RBA hikes cash rate 0.25pc, says inflation picked up faster than expected, flags more hikes ahead, sees inflation at 6pc in 2022. AUD jumps. Follow the latest here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Vesna Poljak, Richard Henderson and Alex Gluyas
ASX falls 1.1pc; Xero, WiseTech sink amid tech sell-off
S&P/ASX 200 sheds 88 points; AGL lowers earnings guidance on Loy Yang outage; Imugene dives on termination of supply agreement; Qantas to turn a profit in FY23. Follow the latest here.
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- Alex Gluyas, Vesna Poljak, Cecile Lefort and Tom Richardson
April
ASX closes 1.1 pc higher, led by tech stocks
Australian shares lift; Reliance bullish outlook; absenteeism slams Ramsay; Origin flies; ResMed disappoints; CBA 60pc chance of steady cash rate; OceanaGold leaps; UBS lifts Fortescue targe; $A off three-month lows.
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- Cecile Lefort, Alex Gluyas, Richard Henderson, Vesna Poljak and Timothy Moore
ASX adds 1.3pc, AMP soars 13.2pc after asset sale
Australian shares rise; Bill Evans says RBA to lift by 15 basis points in May, 25 basis points in June; Pilbara Minerals warns of staff pressures as production slips; Fortescue Metals upgrades shipment forecast but warns on costs.
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- Timothy Moore, Richard Henderson, Vesna Poljak, Tom Richardson, Alex Gluyas and Cecile Lefort
Inflation surges; tech shares sink on May rate hike bets
Trimmed mean and headline inflation top expectations at 3.7pc and 5.1pc. Northern Star, 29Metals flag rising costs. CBA’s chairman to retire. Follow updates here.
- Timothy Moore, Tom Richardson, Vesna Poljak, Richard Henderson, Cecile Lefort and Alex Gluyas
