The Australian sharemarket has risen after tech stocks drove a rally on Wall Street amid expectations that long-sought cuts to interest rates will be arriving soon.
The iron ore giant has flagged it is open to potentially large-scale takeover plays in copper to increase exposure on metals vital to driving the shift to green energy.
The Australian sharemarket traded slightly lower on Wednesday after weak session on Wall Street,where earnings reporting season has ramped up for the bigger companies.
The Australian sharemarket surged on the back of Wall Street’s record-breaking rally,following weak reports on the US economy which kept the door open for possible interest-rate cuts.
Miners and consumer discretionary companies kept the Australian sharemarket in the red on Tuesday after the Reserve Bank’s latest meeting minutes.
The Australian sharemarket advanced,powered by interest-rate-sensitive tech stocks and real estate investment trusts after Wall Street hit new records overnight.
The Australian sharemarket declined after a mixed finish on Wall Street ahead of key inflation reports and the Federal Reserve’s interest rate decision.
The Australian sharemarket fell for a third consecutive trading session to a one-month low,as investors sold off equities amid concerns persistently high inflation would prompt the Reserve Bank to keep interest rates high for longer.
Australian shares sunk to almost three-month lows after higher-than-expected inflation figures in the United States and Australia pushed bond yields higher and weighed on the local bourse.
BHP,the world’s largest miner,has approached London-listed Anglo American with an offer that could turn into this year’s biggest deal.
Suddenly,tension and uncertainty have gripped financial markets,making them highly volatile.