The Australian share market fell this week, with the ASX 200 down 1.3%. The RBA held interest rates steady at 3.6% in its Melbourne Cup Day meeting, but Governor Michele Bullock reiterated that near-term inflation risks remain, tempering expectations for future rate cuts. While the decision was expected, the cautious tone from the RBA board contributed to a softer mood across local equities.
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The Australian share market pulled back this week, with the ASX 200 falling 1.5%. A higher-than-expected inflation reading for the September quarter raised doubts about any near-term rate cuts from the RBA, sending shares lower across most sectors. Healthcare led the declines, dragged down by CSL after the company downgraded its guidance and postponed the planned Seqirus demerger at its AGM. In total, eight of the eleven major sectors closed in the red.
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The Australian share market continued its upward momentum this week, with the ASX 200 closing 0.3% higher. Energy stocks were the standout performers, thanks to a jump in oil prices after the US announced new sanctions on Russia’s two biggest oil companies. Locally listed names like Beach, Karoon and Woodside all posted double-digit gains. Also supporting sentiment was a new minerals agreement between Australia and the US, aimed at reducing reliance on China for critical rare earths. Eight of the eleven major sectors ended in the green.
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You’ve found someone you love, and they replace the toilet paper roll without being asked. Congratulations, you’re moving in together.
It’s an exciting step, and it’s also one of the biggest financial changes you’ll make as a couple. While splitting the rent may feel straightforward, everything else (from joint bills to future goals) can quickly get messy if you’re not on the same page. One person’s idea of “treating themselves” might be another’s regular Tuesday spending.
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The Australian share market notched another record high this week, with the ASX 200 rising 0.4%. Materials stocks led the gains, buoyed by a strong rally in gold prices which pushed past US$4,200 an ounce. Local investors were also eyeing potential interest rate cuts from the RBA, as renewed concerns over global trade tensions and US credit market health stoked uncertainty. Five of the eleven major sectors finished in positive territory, showing resilience despite a mixed global backdrop.
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It was a relatively subdued week for the Australian share market, with the ASX 200 slipping 0.3%. Seven of the eleven major sectors finished lower, led by Technology and Consumer Discretionary stocks. Investors continued to weigh the Reserve Bank’s cautious stance after Governor Bullock reiterated that the board remains patient on future rate cuts. Markets are currently pricing in about a 43% chance of a rate reduction at the November meeting, suggesting that traders still expect some support ahead, but not immediately.
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With the 2024/25 financial year now wrapped, it’s time to reflect on how Raiz portfolios have performed over the past 12 months. Whether you’re new to investing or have been steadily building your knowledge and experience, understanding performance can provide valuable insights to help guide your long-term investment strategy.
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We accept wrinkles and aging as a part of life. So we cleanse, exfoliate and SPF our way through our 20s and 30s, not because we expect overnight results, but because we know good skin in your 40s, 50s and beyond starts way earlier.
So why don’t we treat our financial future the same way?
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The Australian share market edged slightly higher this week, with the ASX 200 finishing up 0.2%. A rebound in resource stocks helped offset weakness across most other sectors. Healthcare was among the hardest hit, with CSL pressured by uncertainty around the latest round of pharmaceutical tariffs announced in the US. Inflation remains a key focus, with August CPI rising to 3% year-on-year, largely due to a 25% jump in electricity costs as state rebates expired. With price pressures still sticky, the RBA is widely expected to keep interest rates on hold at its September meeting.
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Here in Australia, the ASX 200 slipped 1.0% to mark its third straight week of losses. Investors were in a profit-taking mood after August’s reporting season, and the energy sector was hit after the proposed $36.4bn takeover of Santos fell through. On the brighter side, technology and consumer discretionary stocks performed well, while softer-than-expected August jobs data has not changed the outlook for continued gradual RBA rate cuts.
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