Today
Atlassian falls 17pc as US jobs data flashes recession risk
All three US equity benchmarks fell after July’s jobs report missed expectations and triggered worries the Fed is behind the curve in shifting to rate cuts.
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Fed policy patience cast in harsh light: Wall Street’s view
As some economists and strategists pulled forward and lifted their rate cut forecasts, others said the violent market reaction to July’s jobs data was wrong.
Yesterday
ASX dives 2.1pc as NAB, CBA, Westpac slammed
Shares plunge; Macquarie eyes $1b hybrid issue; Afterpay’s Nick Molnar promoted to head of sales for Block; ResMed revenue up 9pc; Follow updates here.
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US stocks plunge, BoE cuts rates
Shares closed sharply lower in New York after data pointed to slower growth. Earlier, the Bank of England from a 16-year-high.
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This Month
ASX tops 8100 points; oil gains on MidEast worries, DroneShield sinks
Australian shares reset record high. Meta rallies after its results beat expectations. Regulator backs Namoi Cotton buyout. Follow updates here.
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ASX to rise, Nvidia surges higher, Fed holds
Australian shares are set to rise. Techs mostly rebounded, paced by Nvidia’s near 13pc gain. Meta beats with quarterly results. US oil price leaps 5pc.
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July
ASX jumps 1.8pc after June CPI data; Rio rallies
Shares jumped the most since 2022 amid a broad rally; traders bet on Reserve Bank rate cuts; Commonwealth Bank tops BHP to become biggest Australian firm; Rio Tinto half-year profit at $5.8 billion. Follow updates here.
ASX to rise, Microsoft drops after results disappoint
Australian shares are set to open higher. Techs hit as nerves fray, dragging S&P 500 and Nasdaq Composite lower. Dow advances.
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ASX slides as BHP drops 1pc; Fortescue plunges 10pc
Shares fall after a sell-off in commodity stocks; BHP buys Toronto listed copper miner Filo; Ramsay appoints ex Woolworths executive; Rex shares still suspended; Fortescue hit with $2 billion block trade. Follow updates here.
ASX to fall as oil slides, S&P 500 edges higher in choppy trade
Australian shares are set to open lower. Commodities struggle to catch a bid. Tesla gets Morgan Stanley lift. S&P, Nasdaq pare early gains. Crude below $US80.
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ASX rises; Bellevue Gold plunges 22pc; MinRes rallies
Shares advance at the closing bell; Mineral Resources says its on track to meet production guidance; Bellevue tumbles on discounted equity raising. Follow updates here.
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ASX to rise, Wall St’s rally proves fleeting
Australian shares are set to recoup some of Thursday’s losses. The US economy expanded faster than expected in the June quarter. Atlassian surges higher.
Shares fall; Macquarie, Fortescue sink on results
Shares lose 1pc. Seek warns on profits. ANZ suspends, terminates staff. Fortescue misses production expectations. Wall Street tumbles on slowdown worries. Follow here.
ASX to drop, Nasdaq falls the most since October 2022
Australian shares are set to open lower. Nasdaq Composite sheds 3.6pc as Tesla tumbles 12.3pc, pacing heavy selling among magnificent seven. Nvidia drops 6.8pc.
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Energy and property stocks weigh on ASX; $A drops below US66¢
Shares slip at the closing bell; Perpetual hit with outflows; the Australian dollar extends sell-off as iron ore inches closer to $US100. Follow updates here.
ASX to rise; Tesla misses, Alphabet slightly beats expectations
Australian shares appear set for a modest opening advance. Tesla shares fell in extended trading. Alphabet gets Cloud boost. Oil slides again. Bitcoin slumps.
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ASX rises as tech stocks bounce; Woodside hits one-month low
Australian shares open higher. Nvidia, Tesla pace a megacap tech rally. $A hits 1-month low. Copper hits a 3-month low. Follow updates here.
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Harris secures Democratic majority needed to be nominee
Survey finds Kamala Harris has enough Democratic delegate support to become new nominee; Joe Biden will return to Washington; Campaign raises record-breaking $122 million. How the day unfolded.
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ASX to rise, S&P 500 rebounds on Nvidia, Tesla
Australian shares are set to open higher as US investors opted to buy after last week’s tech-paced sell-off. Commodities slip.
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ASX falls; Insignia rallies 5pc; South32 sinks 13pc
Shares decline at the closing bell; gold and oil rise as US election chaos escalates after Biden drops out; Woodside splashes $1.35 billion on US LNG. Follow here for more.
