Tag: ASX 200
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Wall Street Rises, ASX Set to Bounce: Markets Eye U.S. Rate Cut Hopes
Markets rally as Wall Street closes higher on rate-cut optimism A wave of optimism swept through global equities as Wall Street closed the week on a brighter note, lifting hopes that U.S. interest rate cuts may come sooner rather than later. The Nasdaq, S&P 500, and Dow Jones all finished in the green, buoyed by…
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ASX Set to Bounce as Wall Street Rises on Rate Cut Hopes
Australian Market Opens Higher on Wall Street Optimism The Australian sharemarket is signaling a positive start to the week, tracking a rally in U.S. equities that has investors betting on earlier rate reductions from the Federal Reserve. The S&P/ASX 200 touched broader gains after Wall Street closed higher on Friday, driven by renewed expectations that…
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ASX Hits Record High Again as Unemployment Rises and Rate Cut Bets Return
ASX Reaches New Record High on Jobs Data and Rate-Cut Bets The Australian share market surged to another record high as September unemployment data highlighted a softer jobs market, reviving expectations for further cuts to the cash rate. Traders pushed risk assets higher on the prospect that the Reserve Bank of Australia (RBA) could ease…
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ASX Reaches Record High as Unemployment Jump Fuels Bets on Rate Cuts
ASX closes at a fresh record as unemployment rises The Australian share market closed at a new record high as the September jobs data sparked renewed bets on further interest rate cuts from the Reserve Bank of Australia (RBA). The S&P/ASX 200 finished up 77 points, or 0.86%, at 9,068.40, topping the previous record high…
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ASX Surges to New High as Unemployment Jump Revives Bet on Rate Cuts
ASX Reaches a Leap Forward on Jobs Data The Australian share market jumped to a fresh record, supported by a surprising twist in the jobs data that revived expectations for further Reserve Bank of Australia (RBA) rate cuts. The S&P/ASX 200 surged through intraday trading and closed at a new peak, underscoring how a weaker…
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ASX rally boosts confidence as banks and miners lead gains
Australian shares rise as banks and miners lead the session The Australian sharemarket finished higher on Wednesday, with the S&P/ASX 200 advancing about 1% as investors shrugged off external jitters and rotated into the country’s heavyweight sectors. Traders focused on financials and mining names, the two pillars of the local market, which carried the index…
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ASX Rises as Banks and Miners Lead Broad Market Rally
Australian shares steady gains as banks and miners push higher The Australian sharemarket closed higher on Wednesday, with broad strength across financials and resource stocks helping the S&P/ASX 200 rise by 91.5 points, or about 1%, to 8,990.90. The rally followed a modest advance on Tuesday and came as investors looked past jittery global headlines…
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ASX Advances as Banks, Miners Lead Gains Despite Global Jitters
Australian Shares Rise as Banks and Miners Drive the Rally The Australian share market climbed on Wednesday, with the S&P/ASX 200 up 91.5 points (about 1%) to close at 8,990.90. The session followed a modest 0.2% gain on Tuesday, when mining stocks helped lift sentiment. Investors navigated a mix of domestic policy talk and international…
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RBA Governor Michele Bullock Faces Senate, ASX Slips as Gold and Oil Tread Water
RBA Governor Michele Bullock Testifies at Senate Estimates Australia’s central bank was back in the spotlight as RBA Governor Michele Bullock faced questions at the Senate Estimates hearing on Friday. The session focused on monetary policy transmission, housing affordability, and the risks around government guarantees in the First Home Guarantee scheme, drawing direct lines between…
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RBA Governor Michele Bullock Faces Senate Hearing as ASX Hearts the Week End Lower
RBA Governor Michele Bullock front and centre at Senate estimates Australian markets closed the week with modest losses as the Senate Estimates hearing put the spotlight on the Reserve Bank’s role in the country’s housing market and broader inflation dynamics. Governor Michele Bullock faced pointed questions about the central bank’s pandemic-era policy, its influence on…