Closing Bell 15th December: ASX rallies on the back of commodities
ASX rallies past August highs. Uranium stocks lift, led by PDN and BOE. Lithium short squeeze continues
ASX rallies past August highs. Uranium stocks lift, led by PDN and BOE. Lithium short squeeze continues
ASX hits 5 month high. Strong jobs numbers sends AUD higher. Lithium stocks strong
Argentina takes drastic action, devaluing the peso by 50% amid severe economic challenges. President Milei’s tough measures aim to stabilize the crisis-hit economy.
Chemist Warehouse with an $8.8 Billion reverse takeover of Sigma Healthcare
Bitcoin’s notorious volatility strikes again, plummeting towards $US40,000 in a major sell-off, sparking concerns in the broader crypto market.
Santos and Woodside Energy confirm merger discussions, potentially creating an $80 billion energy powerhouse, sparking significant investor interest and market speculation.
Australia’s GDP grows just 0.2% in Q3, sparking market rally with ASX up 1.5% as traders bet on imminent RBA rate cut amid economic slowdown.”
RBA holds rates at 4.35% in year-end decision, aiming to balance inflation control with economic growth amid global uncertainties and domestic market trends.
Bitcoin surges past $40,000 as Fed’s Powell hints at possible pause in rate hikes, fueling optimism in crypto markets for upcoming US ETF approvals.
Today’s market saw tech stocks dip amidst global economic shifts, with key sectors responding variably to mixed manufacturing data and OPEC+ production cuts.
The ASX slightly rose, driven by financial sector gains, while Origin Energy declined after rejecting a takeover bid. Oil prices increased before the OPEC+ meeting.
Australia’s CPI drops to 4.9% in October, lower than expected, sparking a rally in interest rate-sensitive stocks and stabilizing the Australian dollar.