Amid Albanese’s coal mine approvals, Fortescue faces leadership shifts with Debelle’s exit, highlighting a day of significant economic and environmental decisions in Australia.
ASX rises with July’s cooling inflation, US Treasury yields dip due to job metrics, while Bitcoin surges after a favorable US court ETF ruling.
ASX rises with July’s cooling inflation, US Treasury yields dip due to job metrics, while Bitcoin surges after a favorable US court ETF ruling.
China’s stock rebound from reduced stamp duty was short-lived due to real estate concerns. European gas prices surged after Chevron’s strike announcement, while Australia resumes barley exports to China after tariff removal.
Today’s economic landscape is marked by China’s stock market revival, Evergrande’s dramatic fall, and an unexpected rise in Australian retail sales, signaling dynamic global shifts.
ASX dipped 1.2% following Wall Street, with tech stocks hardest hit. Wesfarmers thrived, Pilbara Minerals dropped, and major banks and miners faced declines.
ASX opens higher, influenced by Wall Street’s positivity. Tech leads with Nvidia’s impact, while Qantas soars. Mixed results seen in healthcare and funds management sectors.
Despite tech sector woes, ASX saw its best day since July, bolstered by Woolworths’ profit gains and Domino’s surge, even amid announced job cuts.
Japan’s bond yield soars to a nine-year peak, while S&P downgrades major US banks. Meanwhile, China adopts measures to bolster the yuan amid economic challenges.
ASX dips as China’s credit tightening and Japan’s economic strain reverberate. Notable movers: Iress drops, Premier Investments climbs, and a2 Milk faces challenges in China’s market.
Amid global economic shifts, the Australian dollar’s rapid descent and Bitcoin’s plunge underscore the intricate dance of interest rates, Chinese economic strains, and investor sentiment.
Today’s financial landscape is marked by Asian market fluctuations, China’s economic challenges, and the Federal Reserve’s inflation concerns, impacting global economies and ASX earnings releases.
