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The Australia 200 index rose 38 points (0.48%) to 7957, poised for its best close in nearly two weeks, buoyed by supermarket stocks following ACCC findings. The real estate sector also gained amid expectations of an RBA rate cut in May, while the financial sector showed signs of recovery. Gold prices retreated from record highs, and Paladin's uranium operations were suspended due to heavy rainfall.
The ASX 200 fell 46 points (-0.55%) to 8490, despite the RBA's first interest rate cut since November 2020, which was anticipated due to a decline in inflation. The financial sector faced declines, with Westpac down 2.22%, while the technology sector showed gains, led by Zip Co's 3.06% increase. Key economic data will be monitored ahead of the RBA's next meeting in April.
The ASX 200 fell 51 points (-0.61%) to 8378, ending a three-day winning streak, driven by declines in mining stocks amid tariff concerns following US President Trump's recent announcements. Anticipation builds for next week's Australian Q4 CPI reading, which could influence the RBA's interest rate decisions. Meanwhile, profit-taking was observed in the banking and consumer discretionary sectors.
Broadcast TV is poised for a potential resurgence as executives anticipate regulatory changes that could allow for greater consolidation, enhancing their ability to compete for local sports rights. With recent acquisitions of NHL and NBA rights by companies like Scripps and Gray, there’s optimism that a more favorable environment could enable broadcasters to invest more in local markets. As traditional pay TV declines, the shift towards a dual strategy of digital streaming and broadcast could redefine how fans engage with their teams.
The ASX 200 rose 13 points (0.16%) to 8476, buoyed by record highs on Wall Street and expectations of earlier interest rate cuts from the RBA. Bitcoin's recent surge is expected to drive momentum buying, with targets of 105,000 and 120,000 by 2025, contrasting with the ASX's gradual gains.Technology and consumer discretionary sectors saw significant gains, while energy and mining stocks declined ahead of an OPEC+ meeting. Analysts suggest the ASX 200 needs to break above 8500 for a more decisive upward move, amid ongoing fluctuations since September.
The ASX 200 reached a new milestone, surpassing 8500 points for the first time, driven by positive US economic data and dovish comments from Federal Reserve Chair Waller. Key sectors saw gains, with healthcare stocks like Ramsay Health Care rising 3.15% and technology stocks boosted by a record high in the Nasdaq 100. The market's upward momentum is supported by strong retail sales and improved manufacturing data from China.
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Australia 200 rebounds as rate cut expectations boost supermarket and real estate stocks
Australian Dollar
N-able, Inc.
Westpac Banking Corp
Mirvac Group
Boss Energy Ltd
Lendlease Group
Gold Road Resources Ltd
Paladin Energy Ltd
Deep Yellow Ltd
Perseus Mining Ltd
Stockland
Coles Group Ltd
Bannerman Energy Ltd
Woolworths Group Ltd
Metcash Ltd
De Grey Mining Ltd
Vicinity Centres
AUS
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06:28 21.03.2025
asx 200 declines despite rba rate cut amid mixed sector performance
United States Dollar
Australian Dollar
BHP Group Ltd
Life360, Inc.
Mineral Resources Ltd
Westpac Banking Corp
Zip Co Ltd
Megaport Limited
Rio Tinto Group
EML Payments Ltd
N-able, Inc.
AUS
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06:53 18.02.2025
ASX 200 declines as mining stocks suffer from tariff concerns
05:33 23.01.2025
Broadcast TV Eyes Sports Rights Boost Amid Potential Regulatory Changes
COMCAST CORP
Paramount Global
NHL
Sinclair, Inc.
E.W. Scripps
Gray Media
Guggenheim Securities LLC
Lazard, Inc.
N-able, Inc.
Warner Bros. Discovery, Inc.
Credit Suisse High Yield Bond Fund, Inc.
MLB
National Association of Broadcasters
Rothschild
AT&T Inc.
WNBA
NBA
USA
Kerry Bubolz
Chris Ripley
Stephen Finkel
Brendan Carr
Adam Symson
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16:06 05.12.2024
ASX 200 Gains Amid Bitcoin Surge and Anticipated RBA Rate Cuts
Ampol Ltd.
AGL Energy Ltd
Kogan.com Ltd
Megaport Limited
Temple & Webster Group Ltd
Santos Limited
Fortescue Ltd
Macquarie Group Limited
Adairs Limited
Woodside Energy Group Ltd
Westpac Banking Corp
Premier Investments Limited
N-able, Inc.
Mineral Resources Ltd
BHPA Inc.
WiseTech Global Ltd.
Rio Tinto Group
AUS
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06:46 05.12.2024
ASX 200 reaches new high fueled by US economic data and Fed comments
Chinese Yuan
United States Dollar
Australian Dollar
Temple & Webster Group Ltd
Mineral Resources Ltd
Westpac Banking Corp
Pro Medicus Limited
Cochlear Ltd
Rio Tinto Group
Metcash Ltd
Tyro Payments Limited
N-able, Inc.
BHPA Inc.
Kogan.com Ltd
Domino's Pizza, Inc.
Woolworths Group Ltd
Ramsay Health Care Ltd
Fortescue Ltd
Block, Inc.
Baby Bunting Group Limited
Life360, Inc.
Appen Ltd.
Coles Group Ltd
Macquarie Group Limited
AUS
CHN
USA
Fats Waller
Billy Joel
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06:20 03.12.2024
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