The Aussie sharemarket has edged higher in a choppy session of trading ahead of Tuesday’s closely-watched decision on interest rates from the Reserve Bank of Australia.
Duncan Evans
Westpac’s CEO says average-income Australians are locked out of the housing market with the bank seeing enquiries for first-home buyers double in a matter of weeks.
Stephen Johnson
Asia stocks are hovering near the highest mark since February 2021 as enthusiasm for AI helps drive global stock markets while Japan is closed for a holiday.
Ankur Banerjee
Australians continue to spend more, but what they’re buying could be a sign that households are feeling the strain.
Cameron Micallef
The local bourse has edged higher on the eve of the Reserve Bank's Melbourne Cup Day meeting, settling after reduced rate-cut hopes weighed on sentiment.
Adrian Black
Shares in West African Resources will remain frozen for the foreseeable future as a standoff with Burkina Faso’s military dictatorship continues.
Adrian Rauso
Westpac has confirmed the sale of RAMS, which has loans worth $21.4 billion, a little more than a week after it was fined $20 million.
Indexes end up: Dow 0.09 per cent, S&P 500 0.26 per cent, Nasdaq 0.61 per cent; Wall Street boasts longest monthly winning streaks in years.
Sinéad Carew and Pranav Kashyap
Coles says it’s like a “third world” country in one state, as a shocking amount of high value items are stolen by organised crime.
Renewable energy is taking over from oil, coal and gas, an Australian mining magnate has told shareholders, and efforts to hold back the trend are misguided.
Jennifer Dudley-Nicholson
It’s been a wild October for the Aussie sharemarket and the final day of the month’s trading delivered a small slide into the red.
Shares in the world’s top listed beer, wine and spirits makers have shed a combined $1.27 trillion in a little more than four years as the industry grapples with monumental change.
Bloomberg
A big east coast utility has revealed its second WA move this week as the State scrambles to close taxpayer-funded coal by 2030.
Matt Mckenzie
Australian banking shares could face a reckoning as lenders unveil earnings starting next week, with valuations setting a high bar for results.
Carmeli Argana and Nasteho Said
ANZ has revealed a $1.1 billion profit downgrade, with redundancies making up more than a third of the bad news.
The S&P/ASX200 has fallen by more than one per cent since Monday, with interest rate-sensitive stocks under pressure as investors reprice rate cut hopes.
ANZ says cash profit for the second half of this year will be impacted by significant items amounting to $1.1 billion, as chief executive Nuno Matos overhauls the Australian lender.
Adam Haigh
Indexes fall: Dow 0.23 per cent, S&P 500 0.99 per cent, Nasdaq 1.57 per cent; Alphabet jumps on quarterly earnings beat; Meta drops.
Shares in the WA conglomerate were smashed 7 per cent lower to a three-month low of $86.13, pushing its market value under $100 billion, as shareholders met for the AGM.
Sean Smith
Australia’s sharemarket continued its sell-off dropping for the third straight session, as investors once again sold off interest rate sensitive stocks.
Retail crime is worsening with a drastic number of Bunnings and Kmart workers threatened with violence every month, parent company Wesfarmers says.
William Ton
The Australian stock market has extended its losses following a surprise inflation spike that has crushed hopes of further interest rate cuts in 2025.
A string of "distractions" are the reason why Woolworths failed to deliver for shareholders, the company's leaders say.
