Browsing Tag

Kyle Rodda

Travel stocks rocket on new border rules

The ASX eased slightly, but news double vaccinated travellers will be allowed into Australia on February 21 sent the sector soaring.The Australian sharemarket finished barely changed, with travel stocks surging after new border rules were…

RBA boss hoses down rate hike fears

The Reserve Bank governor has moved to ease concerns that an interest rate hike is imminent, again citing a need for higher wage growth.The head of the Reserve Bank has moved to soothe fears that an interest rate hike is imminent, telling…

ASX jumps higher after RBA rates call

The central bank sent the ASX higher after not budging from its historic low cash rate, while a $3bn cash splash on shareholders buoyed Boral.The Australian sharemarket climbed higher after the Reserve Bank of Australia kept the cash rate…

ASX has worst January since 2008

The ASX closed barely changed on the final trading day of the month, but officially notched up its worst start to the calendar year in 14 years.The Australian sharemarket closed barely changed despite a positive lead from Wall Street, with…

ASX nosedives to cap off ‘bloody week’

The ASX tumbled spectacularly after an ‘ugly late swoon’ on Wall Street, with few stocks spared from the sea of red.The Australian sharemarket suffered an eye-watering tumble on the back of Wall Street weakness and mounting interest rate…

Retailers propel ASX higher

Consumer stocks led the ASX higher, including Wesfarmers despite reporting a Kmart and Target sales slump, while a market debutante tanked spectacularly.The Australian sharemarket climbed higher despite weakness in the all-important…

Strong resources sector propels ASX

Ongoing strength in commodity prices amid tight supply and sustained demand boosted resources stocks, propelling the ASX higher.The Australian sharemarket was in the green for the second straight day after a positive lead from Wall Street…

ASX breaks two-day losing streak

‘Soothing’ comments by the US Federal Reserve chair boosted Wall Street and flowed on to the ASX, helped by higher commodity prices.The Australian sharemarket broke a two-day losing streak after a positive lead from Wall Street and stronger…

Volatility warning as ASX sinks lower

Critical US inflation data could spur on more sharemarket volatility as the ASX slides into the red for the second straight day, with supermarkets the worst performers.The Australian sharemarket slid into the red ahead of critical US…