The Dow slips as oil prices drop to their lowest point since early July
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The Dow Jones Industrial Average closed lower Thursday, as investors took a break from the rally seen this month.
Read MoreThe Dow Jones Industrial Average closed lower Thursday, as investors took a break from the rally seen this month.
Read MoreThe Australian sharemarket declined despite a strong labor force report indicating the creation of 55,000 new jobs in October, with a previous upward revision of 8,000 jobs in September.
Read MoreThe Australian sharemarket experienced a late trading decline, despite a strong Wall Street rally, as investors reacted to local data revealing a substantial increase of 55,000 jobs in October, though the unemployment rate inched up from 3.6 per cent to 3.7 per cent.
Read MoreAustralian employment increased by 55,000 in October, with a slight uptick in the unemployment rate to 3.7%.
Read MoreStocks climbed on Wednesday, building on the strong rally from the previous session, on the back of more encouraging inflation data.
Read MoreThe Australian sharemarket reached an eight-week high on Wednesday, driven by optimism stemming from a US inflation report indicating the possibility of a peak in interest rates in the United States.
Read MoreAustralian shares experienced early gains driven by the latest US inflation report, fueling speculation that interest rates may have peaked.
Read MoreStocks rallied on Tuesday, building on their strong November gains, as Wall Street cheered new U.S. inflation data that raised hope of the Federal Reserve wrapping up its rate-hiking campaign.
Read MoreOn Tuesday, the sharemarket rebounded, driven by gains in the energy and mining sectors due to a recovery in commodity prices.
Read MoreThe S&P/ASX 200 index rose by 0.66 per cent to reach 6,994.60, driven by robust performances in the energy, mining, gold, and lithium sectors, which benefited from a rebound in commodity prices.
Read MoreThe S&P/ASX 200 has risen by 0.6 percent to reach 6991, driven by a recovery in commodity prices. Investors are eagerly awaiting crucial US inflation data to gain insight into whether interest rates have reached their peak in the world's largest economy.
Read MoreThe S&P 500 ended Monday’s session near the flat line as traders prepared for the release of key inflation data.
Read MoreThe Australian sharemarket declined on Monday, with a 0.4% drop in the benchmark S&P/ASX 200 index to 6948.8 points, primarily due to a sell-off in energy and bank stocks.
Read MoreAt noon, the S&P/ASX 200 stock index has decreased by 0.22 percent. This decline comes just before a series of economic indicators are due to be released, which will assess the accuracy of the Reserve Bank's initial forecasts during Michele Bullock's tenure as governor.
Read MoreStocks rallied Friday, recovering the ground lost in the previous session, as Treasury yields stabilised.
Read MoreAsia-Pacific markets opened softer on Friday, following the US market lead. Treasury yields spiked and Federal Reserve Chair Jerome Powell signalled more work may be needed to bring down inflation.
Read MoreThe S&P 500 fell Thursday breaking an eight day winning streak as rising yields shook investor confidence.
Read MoreThe Reserve Bank of Australia raised the official cash rate to the highest level in 12 years, just as retailers were hopeful about increased spending ahead of the festive season, impacting their sales during the Black Friday/Cyber Monday promotions.
Read MoreAustralian stocks are building on their early gains as Thursday's trading session unfolds, displaying resilience in the face of a turbulent Wall Street session marred by worries about the worldwide economic outlook and interest rate fluctuations.
Read MoreThe S&P 500 gained for an eighth consecutive day on Wednesday, extending its longest win streak in two years. While upcoming inflation and economic prints are likely to factor into equity gains from here, data continues to signal that the economy is slowing but not falling off a cliff.
Read MoreOn Wednesday, the Australian stock market experienced a slight upward movement, driven by robust advancements in the technology sector, which counterbalanced a downturn in the mining industry heavyweights.
Read MoreOil prices dropped to a three-month low, with Brent falling towards $81 a barrel, due to concerns over declining US gasoline consumption and a deteriorating demand outlook.
Read MoreThe Australian sharemarket is higher at noon, influenced by mixed factors including flat performance on Wall Street and weaker-than-expected Chinese data impacting commodity prices.
Read MoreThe S&P 500 and Nasdaq Composite rose on Tuesday to notch their longest winning streaks in nearly two years and build on November’s rally.
Read MoreLocal investors are closely watching the Reserve Bank's policy statement scheduled for 2.30 pm (AEDT). It is anticipated that policymakers will decide on a 0.25 percentage point hike in the cash rate target, bringing it to 4.35 percent. You can find a preview by clicking here.
Read MoreStocks eked out narrow gains Monday to build on last week’s strong rally, with the Nasdaq Composite notching its longest positive streak since January.
Read MoreThe ASX experienced a subdued Monday session, with its benchmark index nearing 7000 points for the first time in over two weeks, anticipating the Reserve Bank's impending cash rate decision.
Read MoreAustralia's S&P/ASX 200 index briefly exceeded 7,000 points for the first time in over two weeks…
Read MoreThe Australian sharemarket began the week with a slight upward movement, as investors remained watchful for the Reserve Bank's cash rate decision scheduled for Tuesday, with both bond and equity traders exercising caution in their approach.
Read MoreStocks rose Friday after a soft jobs report drove bond yields lower, and the major averages registered their best week in 2023.
Read MoreThe Australian stock market has surged around midday, buoyed by the positive performance on Wall Street, amid growing optimism that the Federal Reserve might have concluded its series of interest rate hikes.
Read MoreStocks gained Thursday as Treasury yields fell, with investors betting the Federal Reserve could be done raising rates for 2023.
Read MoreThe ASX's rate-sensitive sectors saw gains on Thursday as the US Federal Reserve kept interest rates unchanged, leading traders to speculate that US rates had reached their peak.
Read MoreThe Australian dollar rose to a three-week high of US64.10c after Federal Reserve Chairman Jerome Powell's statements were seen as suggesting that interest rates had reached their peak, boosting risk asset demand.
Read MoreStocks rallied Wednesday, rebounding from a dismal past three months, after the Federal Reserve kept interest rates unchanged for a second consecutive time – leading investors to think the central bank would stay put for the rest of the year.
Read MoreOn Wednesday, the stock market experienced a second consecutive day of gains as investors eagerly anticipated the Federal Reserve's policy statement, hoping to gain insights into the central bank's future interest rate decisions.
Read MoreAustralian building approvals in September fell by 4.6%, surprising analysts who had anticipated a 1.3% increase.
Read MoreStocks edged higher on Tuesday, as Wall Street closed out a tough month of trading. Stocks posted their third-straight losing month. The Dow and the S&P 500 fell 1.4% and 2.2%, respectively.
Read MoreOn Tuesday, the Australian sharemarket experienced a modest increase, driven by a rally in consumer staples and real estate stocks.
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