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AU Weekly Wrap | Monthly Inflation Rate Accelerates; BHP Abandons $50 Billion Anglo American Deal
Check out what happened in this week's AU stock market as well as the key economic data for next week.
AU Evening Wrap: Australia Shares Fall 0.5% for Third Straight Decline
Australia shares fell 0.5% for third straight decline amid weakness in shares of large banks and miners. The heavyweight materials sector lost 1.9%.
Metals & Mining Monitor | Iron Ore Prices Reach to 3-Month High; Anglo American Extends BHP Bid Deadline After Rejection
Iron ore prices climbed to 3-month high on China's Support Measures; Anglo American extends BHP bid deadline after rejection.
Copper Pullback from Record High: Is the Bull Run Over?
Citi forecasts that in the long term, copper prices are expected to continue their upward trend, potentially hitting $12,000/t within the next 12 to 18 months, with a chance of climbing as high as $15,000/t.
AU Evening Wrap: Australia Shares Fall 1.1% Amid Broad-Based Declines
Australia shares fall by 1.1% amid broad-based declines, with consumer discretionary stocks leading the losses, falling 2.5%.
AU Morning Wrap: ASX Lifts; Telstra Falls Over 4%
ASX lifts; Telstra falls over 4%. Stocks to watch: Webjet, Plenti, DroneShield.