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AU Evening Wrap: Australia Shares Rise 1%, Paring Recent Losses
Australia shares rise 1%, paring its recent losses but still slipping to a second straight weekly loss. Consumer stocks were among Friday's largest gainers, with travel-related companies, discretionary retailers and supermarkets all rising.
AU Morning Wrap: ASX 200 Rises by Broad Buying; ANZ Sells Stake in Malaysian Bank
ASX 200 rises by broad buying; ANZ sells stake in Malaysian bank. Stocks to watch: Telix Pharmaceuticals, Adbri, Pro Medicus.
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%.
AU Evening Wrap: Australia Shares Tumble 1.3% as Rate-Cut Hopes Fade
Australia shares tumbled 1.3% as rate-cut hopes faded, with all eleven sectors finishing down and consumer staples and financials leading the way.
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.