The Australian sharemarket has trimmed some of its early gains after the inflation data,but is still up for a fifth consecutive day.
The Australian sharemarket has pushed past the 8000-mark after a late wave of buying helped Wall Street post its longest advance since November.
Donald Trump’s second time in the White House has produced the worst 100 days for financial markets in half a century.
The Australian sharemarket closed higher on Monday,with investors taking heart from a pause in tariff-related anxiety.
The US president said “drill,baby,drill” but his tariffs tanked the commodity’s price and they could reduce,not increase,production.
As Donald Trump’s tariff wars throw US markets into a pit of uncertainty,the Australian sharemarket is shaping up as a safe haven.
China is threatening to land a knockout blow in its trade war with Donald Trump,targeting a vulnerability in the United States’ most crucial military infrastructure with a strike that was decades in the making.
Any other time,it would have been a signal that the worst of the sharemarket’s slide is nearing an end,setting off buy signals at trading desks across Wall Street. But not now.
The Australian sharemarket extended its gains on Thursday on the back of miners,banks and tech stocks.
Donald Trump’s backflips on his astronomical China tariffs and firing Fed chair Jerome Powell show that markets can protect the world from his worst instincts – to some extent.
The Australian sharemarket is back to where it was before US “Liberation Day” tariffs sparked a meltdown,amid hopes that tariff-related hostilities between the US and China are easing.