The Australian sharemarket fell back into its early losses to close in the red,despite financial and healthcare stocks tracking upwards.
Something odd has happened to the gold price this year. It has been unstoppable,rising to record levels as it decoupled from its traditional anchors.
The Australian sharemarket closed slightly higher on Wednesday,despite giving up some of its early gains,tracking a quiet day of mixed trading on Wall Street.
After last month’s debate debacle,financial markets wrote down the odds of his return to the White House. This month,however,his prospects,as seen by the markets,appear to have strengthened significantly.
The Australian sharemarket widened early losses in a broad sell-down,tracking declines in the US as steam came out of Wall Street’s long,record-breaking rally.
The sharemarket was lifted by every sector except for tech,with WiseTech Global and Mineral Resources the biggest losers of Monday’s session.
The Australian sharemarket has closed firmly in the red,as the big resources companies dipped sharply after a fall in iron ore prices overnight.
The Australian sharemarket held on to most of its early gains even as strong jobs data all but wiped out hopes for a rate cut this year.
Praising his maths skills,Trump rebuts criticism that his tax cuts and tariff plans will swell US deficits and debt,lower growth and lead to higher inflation.
The Australian sharemarket stayed red during Wednesday’s session,tracking losses on Wall Street after the price of crude oil tumbled and technology stocks faltered.
Over the past few weeks,former US president Donald Trump has become a lot richer.