Tag: Australian markets
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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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Wall Street Rises, ASX Set to Bounce: Australian Markets Eye Higher Open
Wall Street Rises, US Rate Cut Bets Lift Sentiment The mood across global equity markets improved as Wall Street turned higher, fueling optimism that the US Federal Reserve could start easing policy sooner rather than later. The rally on major indices lifted investor confidence and set the stage for a positive start to trading in…
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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 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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RBA Governor Michele Bullock at Senate Estimates Hearing and a Soft-Closing ASX Week
RBA Governor Michele Bullock Faces Senate Estimates Australian central bank governor Michele Bullock appeared before Senate Estimates on a day of mixed signals for the economy. The session focused on monetary policy transmission, housing affordability, and the future path of interest rates as inflation remains a focal point for policy makers. Bullock asserted that while…
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Australia Watches the Gaza Peace Deal and Defence Overhaul: What It Means for the Nation
Australia’s Response to the Israel-Gaza Peace Deal Australian government officials and lawmakers have welcomed the landmark Israel-Gaza peace deal brokered with significant international momentum. Foreign Minister Penny Wong described the accord as a historically unprecedented step toward peace in the Middle East’s most enduring conflict. While President Donald Trump has touted his role, Australian voices…