ASX

ANZ profit soars on home loan boom, while ASX follows Wall Street down

The Australian share market has followed Wall Street down on Thursday, as inflation woes and commodity prices worry investors.

The ASX 200 had a shaky day on Wednesday, amid news that inflation was rising. It eventually ended flat.

The benchmark had lost 0.4 per cent on open but recovered some ground by midday.

It ended the day 0.3 per cent down.

The major losers include miners and other cyclical stocks, following a

Read More

ASX set to open lower as Wall Street wobbles

The Nasdaq edged up 0.12 points, or less than 0.1 per cent, to 15,235.84, and the Russell 2000 index of small companies took the heaviest losses, falling 43.58 points, or 1.9 per cent, to 2,252.49.

Long-term bond yields fell significantly and weighed down banks, which rely on higher yields to charge more lucrative interest on loans. The yield on the 10-year Treasury fell to 1.53 per cent from 1.61 per cent late Tuesday. JPMorgan Chase fell 2.1 per cent.

The yield on the 30-year Treasury fell below 2 per cent for the first time in a month to 1.96 per

Read More

ASX set to slide lower as Wall Street fades; iron ore surges

Stocks closed broadly lower after a day of choppy trading on Wall Street on Monday (US time) as investors prepare for a busy week of corporate earnings and inflation updates.

The major indexes made early gains, but slowly fizzled as the day progressed. The S&P 500 fell 30.15 points, or 0.7 per cent, to 4,361.19. The benchmark index gained as much as 0.6 per cent in the early going.

Wall Street made a bright start to the session but lost steam in the afternoon.Credit:AP

The Dow Jones Industrial Average fell 250.19 points, or 0.7 per cent, to 34,496.06

Read More

ASX ends trading lower, after Wall Street gains

It was a disappointing day on the Australian share market, after a good day on Wall Street off the back of strong earnings results and GDP data.

After a positive start, the benchmark ASX 200 closed down 0.4 per cent 7,393, while the broader All Ordinaries lost half a per cent to 7,664.

Origin Energy fell as much as 8.1 per cent after the power and gas

Read More