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The Latest Breaking News from Tony Sycamore

Australian shares tread water as mega chipmaker reports

The ASX200 finished flat after a better-than-expected earnings from AI chipmaker Nvidia failed to propel the market higher.

Banks help ASX edge higher after three days in the red

Banks help ASX edge higher after three days in the red

The ASX200 has edged higher to lift itself out of a three-day losing streak, as gains in IT stocks and financials outweigh a sluggish materials sector.

Australian shares tumble 1.7 pct as US bond yields rise

Australian shares tumble 1.7 pct as US bond yields rise

Every sector of the ASX has lost ground as Australian shares tumbled in their worst collective daily loss since early September.

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Oil Prices Climb Amid Middle East Tensions

The Middle East war is causing oil prices to rise. Brent crude is up 0.71% to $72.49/barrel, while WTI crude is up 0.63% to $68.61/barrel.

International Business Times

Rate-cut hopes hit brick wall as RBA cements stance

Borrowers are being warned to not bank on any short-term relief on their mortgages as the RBA talks down hopes of an interest rate cut in 2024.

Domestic inflation 'shocker' sinks Australian shares

The ASX200 finished down 0.7 per cent after domestic inflation came in hotter than expected for May.

Sainsbury’s to cut 1,500 jobs; The Body Shop to shut 75 more shops – as it happened

The Body Shop is to cut 489 jobs within six weeks, while supermarket chain Sainsbury’s plans job cuts in cost-cutting drive

The Guardian - UK

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Aussie shares slump on strong domestic job report

Aussie shares slump on strong domestic job report

The local share market started higher but finished 0.7 per cent lower after a strong labour market report raised fears of more rate hikes next year.

Australian shares start to claw back recent heavy hits

Australian shares start to claw back recent heavy hits

Australian shares have finished 0.5 per cent higher after rallying in afternoon trading, a day after setting an 11-month low.

Aust stocks edge lower, not budged by inflation report

Aust stocks edge lower, not budged by inflation report

The local share market has finished 0.1 per cent lower, as a monthly consumer price index report came in "bang on expectations".

ECB’s Lagarde insists banks much stronger than in 2008 after raising interest rates despite Credit Suisse turmoil – as it happened

ECB’s Lagarde insists banks much stronger than in 2008 after raising interest rates despite Credit Suisse turmoil – as it happened

ECB presses on with 0.5 point increase in eurozone interest rates, and says it stands ready to respond to market turmoil

The Guardian - UK

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