ASX slumps on weaker tech and banks

Overnight, the S&P 500 fell as much as 2.9 per cent during Thursday’s session but trimmed its losses as markets closed.The full effect of the rate hikes on housing credit will become clearer at the …

ASX on pace for 2nd-worst month in 2 years

The Bank of England bond-buying plan has only offered a temporary respite to the local share market, which is lower this morning and looks set to complete September with its second-worst monthly perf…

ASX slides into negative territory after Wall St plunge

ASX slides into negative territory after Wall St plunge

I was actually really surprised by the impact that the Bank of England had on the global market, said Fiona Cincotta, senior financial markets analyst at City Index.Fed president Mary Daly, after US m…

ASX 200 to get off to a ‘sluggish start’

Today, it looks like we’re going to probably fall by about a third of a per cent also in early sell, Mr Daghlian told Sky News Australia.CommSec’s Steven Daghlian says it looks like the Australian…

ASX soars to post biggest gain in three months

West Texas Intermediate futures traded below $82 a barrel after rising 7 per cent over the previous two sessions, including the biggest daily gain since mid-July.While a two-day rally on lubricant pri…

ASX gains 1.4pct after UK reassurance

Derek RoseAAPPremium Subscribers with digital access can view this article.Unlimited access to breaking news, sport, business, lifestyle and in-depth exclusives home delivered or direct to your device…

ASX up 1.6pct at noon on UK reassurance

Bond and currency markets have been roiled ever since new UK Prime Minister Liz Truss government announced plans to borrow heavily to fund a 45 billion pounds sterling tax cut package.The gains came …

ASX continues its rise following Wall St gains

Maybe the market is at least now believing what the Fed is saying.Fed officials remained diligent in warning that more rate-rise pain is yet to come, with Atlanta Fed president Raphael Bostic and Chic…

ASX jumps at open following Wall St gains

Stocks may also be rising because the markets have priced in the Fed’s hawkishness, according to Adrian Helfert, chief investment officer of multi-asset strategies at Westwood Holdings Group.Global …