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Bank Shares in Sydney On Track for Best Quarter in Three Years
Australian bank shares are headed for their biggest quarterly gain since 2021, a rally that may be tested in coming months as lower official interest rates weigh on the outlook for margins.
AU Evening Wrap: Australia Shares Gain 0.5% on Lower-Than-Expected Inflation
The benchmark index was flat until the release of data showing consumer prices rose by 3.4% in the 12 months to February, compared with the 3.5% expected by economists.
Aquirian Buys Ammonium Nitrate Emulsion Facility for AU$9.6 Million
Aquirian (ASX:AQN) has purchased the Wubin ammonium nitrate emulsion production facility for AU$9.6 million from Hanwha Mining Services, according to a Wednesday filing with the Australian Securities
AU Evening Wrap: Australia Shares Lose 0.4% as Miners, Banks Slip
Energy was the strongest performing sector, adding 0.5% amid higher oil prices.
NAB Boss Issues Dire Prediction for Aussie Economy
Outgoing National Australia Bank Ltd (ASX: NAB) CEO Ross McEwan has an alarming prediction for Australia's economy.
AU Evening Wrap: Australian Shares Rise 0.5% Amid Real Estate Gains
Ten of eleven sectors finished higher, as the benchmark index rebounded from Friday's 0.15% slip.
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