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AU Morning Wrap: ASX Dips Ahead of Federal Budget, Financials Lead Losses
Stocks to watch: BWP Trust, Ansell, Iress.
Australian Budget Comes at Precarious Time for Economy
0036 GMT - Australian Treasurer Jim Chalmers delivers the government's 2024-2025 budget on Tuesday against a precarious backdrop for the economy.
Australia's Budget Is Expected to Target Housing Crisis as Prices Keep Climbing
Australian home prices are set to keep climbing as the housing supply shortage is compounded by record migration and limited capacity to deliver new builds. "Affordability is currently at the worst levels on record in Australia from a mortgage serviceability perspective," said Eliza Owen, head of research at CoreLogic Australia. Treasurer Jim Chalmers is set to deliver the budget on Tuesday, which is expected to focus on addressing the nation's housing crisis.
S&P/ASX 200 Benchmark Index Rises 1.57% This Week to 7749.00 -- Data Talk
The S&P/ASX 200 Benchmark Index is up 120.03 points or 1.57% this week to 7749.00 --Largest one-week point and percentage gain since the week ending March 28, 2024 --Up for three consecutive weeks
AU Evening Wrap: ASX 200 Closes Out Solid Recovery Week With Another Gain as Energy, Uranium, and Gold Stocks Star
Australia's S&P/ASX 200 closed 0.35% higher at 7749.0, rounding out a third consecutive weekly gain. The benchmark index rebounded from the prior session's sell-off to spend the whole of Friday's session in the black, building on a positive lead by U.S. equities.
AU Morning Wrap: ASX 200 to Rise, Life360 Release Earnings
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