The Australian sharemarket fell sharply on Monday as investors worried there might be fewer US interest rate cuts than previously hoped.
The sharemarket lost ground on Thursday,as shares in Star Entertainment tumbled after it told investors it had just $79 million left in cash.
The Australian sharemarket reversed an early slide on Wednesday,after inflation data spurred hopes for an interest rate cut next month.
The Australian sharemarket has advanced,after sharp gains in tech stocks offset losses from miners and utilities.
The Australian sharemarket finished flat on Monday,with technology stocks and takeover target Insignia unable to overcome losses from the mining sector.
The Australian sharemarket notched up another win on Friday,with 10 of the 11 industry sectors in the green.
Financial instruments that offer protection from less severe but more common meteorological events are a hit in the market.
Bargain-hunting shoppers have helped the Australian sharemarket rally on the first day of trade after the Christmas break,with the index on track to add almost 10 per cent this year.
The Australian sharemarket closed high on Christmas Eve making the most of the rally from some of the world’s largest technology companies.
Professional pollsters are having a hard time picking winners,and financial markets are much better at gauging public sentiment.