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The Latest Breaking News from Tony Sycamore

Aussie shares finish flat as gold hits record high

The ASX200 ended the day about where it started, with strong gains for goldminers as the yellow metal breached $US2,900 an ounce for the first time.

AAP

Aussie dollar rebounds after dropping to 26-month low

The Australian dollar has moved back above 62 US cents after falling below that level for the first time in more than two years against a surging greenback.

AAP

Why is the Australian dollar falling – and what does it mean for interest rates, travel and the economy?

Trump’s higher tariffs and any resulting weakness in China would keep the Aussie under pressure, economists warn

The Guardian - AU

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Australian shares plunge again, hitting 100-day low

The ASX200 has dropped 1.2 per cent to finish the week down 2.8 per cent, its second-worst weekly performance of 2024.

AAP

Aussie shares rebound sharply in potential Santa rally

The ASX200 rose 0.8 per cent, rebounding strongly from five days of losses as traders swooped in.

AAP

Aussie shares give up gains after strong jobs report

The ASX200 has finished down 0.3 per cent, having plunged 25 points in two minutes after a "blockbuster" labour market report made a February rate cut unlikely.

AAP

Aussie shares fall again, hit nearly three-week low

The ASX200 has again finished down and one analyst says if it drops much further, that would trigger a significant pullback.

AAP

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Australian shares tread water as mega chipmaker reports

The ASX200 finished flat after a better-than-expected earnings from AI chipmaker Nvidia failed to propel the market higher.

AAP

Banks help ASX edge higher after three days in the red

The ASX200 has edged higher to lift itself out of a three-day losing streak, as gains in IT stocks and financials outweigh a sluggish materials sector.

AAP

Australian shares tumble 1.7 pct as US bond yields rise

Every sector of the ASX has lost ground as Australian shares tumbled in their worst collective daily loss since early September.

AAP

Oil Prices Climb Amid Middle East Tensions

The Middle East war is causing oil prices to rise. Brent crude is up 0.71% to $72.49/barrel, while WTI crude is up 0.63% to $68.61/barrel.

International Business Times

Rate-cut hopes hit brick wall as RBA cements stance

Borrowers are being warned to not bank on any short-term relief on their mortgages as the RBA talks down hopes of an interest rate cut in 2024.

AAP

Domestic inflation 'shocker' sinks Australian shares

The ASX200 finished down 0.7 per cent after domestic inflation came in hotter than expected for May.

AAP

Sainsbury’s to cut 1,500 jobs; The Body Shop to shut 75 more shops – as it happened

The Body Shop is to cut 489 jobs within six weeks, while supermarket chain Sainsbury’s plans job cuts in cost-cutting drive

The Guardian - UK

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AAP

Aussie shares slump on strong domestic job report

The local share market started higher but finished 0.7 per cent lower after a strong labour market report raised fears of more rate hikes next year.

AAP

Australian shares start to claw back recent heavy hits

Australian shares have finished 0.5 per cent higher after rallying in afternoon trading, a day after setting an 11-month low.

AAP

Aust stocks edge lower, not budged by inflation report

The local share market has finished 0.1 per cent lower, as a monthly consumer price index report came in "bang on expectations".

The Guardian - UK

ECB’s Lagarde insists banks much stronger than in 2008 after raising interest rates despite Credit Suisse turmoil – as it happened

ECB presses on with 0.5 point increase in eurozone interest rates, and says it stands ready to respond to market turmoil

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