Closing Bell

The S&P/ASX 200 rallies past 7000, influenced by US Federal Reserve’s stance and NAB’s inflation insights, with all sectors, especially utilities and energy, registering gains.

Oil prices soar over 4% following Hamas’ unexpected attack on Israel, raising global concerns about Middle East stability and potential disruptions to energy supplies.

Despite global economic headwinds, the S&P/ASX 200 index surges, with financial and mining sectors shining bright. Magellan’s dip contrasts the market’s overall resilience.

Amid global economic shifts, Australia’s trade balance hits a notable high, while the S&P/ASX 200 recovers, reflecting the market’s adaptive resilience.

The Australian sharemarket approaches an 11-month low, influenced by global rate concerns and Wall Street’s reactions, with tech giants and major banks facing significant drops.

The RBA maintains a 4.1% cash rate amidst rising inflation concerns, prompting bond yields to ease and the sharemarket to hover near a six-month low.

Amid a global oil rally and bond market sell-off, the Australian Dollar tumbles, retail sales growth slows, and the ASX faces downward pressure in consumer stocks.

Michele Bullock faces a stern test as inflation hits 5.2%, exceeding the central bank’s target. The rise, driven by robust wages and energy costs, signals persistent pressures.

Explore the surge in Treasury yields signalling an extended high-interest era, the impact on global markets, and the steadiness in oil prices.

Surging oil prices and falling iron ore futures are creating a challenging landscape for investors, necessitating strategic navigation through this fluctuating financial terrain.

The ASX curbed initial losses, ending just 0.3% down, driven by a rally in energy stocks amid global supply concerns following Russia’s fuel export ban.

The Federal Reserve’s decision to hold rates has raised eyebrows on Wall Street. Pessimistic views dominate, with concerns about inflation, growth, and potential market instability.