Risk of RBA Hike Continues to Linger, Says UBS
0525 GMT - Inflation in Australia appears surprising to the upside. This is a worrying sign for the RBA, says George Tharenou, chief economist at UBS. However, there is a lot of uncertainty, he adds.
AU Morning Wrap: ASX Drops to Three-Week Lows Ahead of CPI; IAG, Fortescue Slip
ASX drops to three-week lows ahead of CPI; IAG, Fortescue slip. Stocks to watch: IAG, Fonterra, Fisher & Paykel.
AU Evening Wrap: Australia Shares Slip 0.3% Amid Weak Retail Sales
Australia shares slip 0.3% amid weak retail sales. Shares of retailers, fast-food franchisers and travel-related companies fell, pulling the consumer discretionaries sector down by 0.7%.
Australian Consumer Crunch Won't Provoke RBA Cut
0556 GMT - Australian consumers are under extreme financial pressure as mortgage repayments climb and the cost of everyday goods jump, but the Reserve Bank of Australia is still likely to keep interes
AU Morning Wrap: ASX Stocks Rise; Miners Benefit from Strong Commodity Prices
ASX stocks rise; miners benefit from strong commodity prices. Stocks to watch: Peter Warren, Pro Medicus, Playside Studios.
AU Evening Wrap: Australia Shares Rise 0.8% Amid Bank, Gold Gains
Australia shares rise 0.8% amid strong gains by banks, gold miners and consumer-focused companies. Ten of eleven sectors finished higher as the benchmark index bounced from Friday's 1.1% drop, following a mostly positive lead by U.S. equities.
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: Shares Down as Miners Hit; Gold, Iron Ore Drop
Australian shares declined by 1%, reflecting the general weakness across commodities and the previous sell-off in Wall Street.
Why BHP Is So Intent on Acquiring Anglo American: Here's Everything You Need to Know
If the proposed acquisition of Anglo American is successful, BHP would undoubtedly occupy the top spot in the global copper mining industry, with a 10% share of the world's copper production.
AU Evening Wrap: Australia Shares Slip 0.5% as Miners, Banks Fall
Australia shares slip 0.5% as miners, banks fall. Eight of the nine largest companies by market capitalization finished in the red, led by BHP.
Australian Inflation Moderates, Wage Stable in May, Says Melbourne Institute Survey
Inflation expectations in Australia slid 0.5 of a percentage point to 4.1% in May, according to the Melbourne Institute Survey of Consumer Inflationary Expectations released Thursday. The recent figur
AU Morning Wrap: ASX Falls; BHP Drops Over 3% After Third Bid Rejected
ASX falls; BHP drops over 3% after third bid rejected. Stocks to watch: Origin Energy, Xero, Nufarm.
AU Evening Wrap: Australia Shares Slip Less Than 0.1%
Australia shares slip less than 0.1% lower at 7848.1, giving back early gains after hawkish interest-rate comments from neighboring New Zealand's central bank.
AU Morning Wrap: ASX Lifts; Telstra Falls Over 4%
ASX lifts; Telstra falls over 4%. Stocks to watch: Webjet, Plenti, DroneShield.
What's Going On With Mining Giant BHP Stock Tuesday?
BHP surged to a three-month peak on Tuesday, just hours before the deadline to submit a formal bid for competitor Anglo American Plc
AU Evening Wrap: Australia Shares Slip 0.15% Amid Materials Weakness
Australia shares slip 0.15% amid materials weakness, missing the chance to set a record.
Australian Shares Slid as RBA Resumes Rate Hike Talks
Australian shares slid on Tuesday as the Reserve Bank of Australia resumed rate hike discussions at its May policy meeting. The S&P/ASX 200 Index slid 12.00 points, or 0.2%, to 7,851.70. Minutes of th
AU Morning Wrap: ASX Shares Flat; James Hardie, Sonic Dive
ASX open flat; James Hardie, Sonic dive. Stocks to watch: James Hardie, Alumina, Telstra, Sonic Healthcare.