The S&P/ASX 200 has climbed,reflecting US’ rally that trimmed the majority of their losses for the week,while Apple released its numbers after the closing bell.
The Australian sharemarket lifted on Thursday despite a negative lead from Wall Street after Jerome Powell revealed the US Federal Reserve would hold its cash rate steady and moving to reassure another rate hike is unlikely despite stubbornly high inflation.
The explosive document delivered a “holy shit” moment to lawyers fighting the Wall Street giant,showing the company had known for decades about the dangers of its forever chemicals.
Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials to gain the “greater confidence” needed for them to kick off interest rate cuts.
The Australian sharemarket tumbled after a negative lead from Wall Street,as investor fears grew about persistent US inflation and the likelihood that interest rates will stay higher for longer.
The Australian sharemarket extended its gains on Tuesday as investors marked time ahead of the US Federal Reserve’s key interest-rate meeting later this week.
Australian shares sunk to almost three-month lows after higher-than-expected inflation figures in the United States and Australia pushed bond yields higher and weighed on the local bourse.
Wall Street struggled to gain traction as traders gearing up for key economic data and awaited Facebook parent Meta’s result,which sent the stock tanking in after-hours trading.
The Australian sharemarket forfeited all of its gains on Wednesday as the latest inflation figures dampened expectations of interest rate cuts.
The former US president’s sizable stake in his social media company is set to jump even more as he’s rewarded with additional shares in its parent company. But he can’t sell any of them for months.
The Australian sharemarket extended its gains on Tuesday after US stocks rebounded from last week’s sell-off,as worries over a wider Middle East conflict eased.