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.
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.
Meetings of two of the world’s key multilateral organisations this week will be overshadowed by the prospect that the US will withdraw from the institutions it helped create.
The world’s traditional havens in times of stress have themselves become sources of stress.
The US Federal Reserve Board’s usually cautious chairman says Trump’s tariffs will lead to higher inflation and lower US economic growth. That won’t go down well in the White House.