The Australian share market rose slightly this week, with the ASX 200 up 0.2%. Confidence that the US might soon cut interest rates gave local markets a bit of a boost. However, that was balanced out by talk that the RBA might go the other way and increase rates in 2024, which kept gains modest. Still, it was a positive week after a run of recent declines.
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The Australian share market rebounded this week, with the ASX 200 rising 2.3% after four straight weeks of losses. Almost every sector finished in the green, with Technology, Healthcare and Materials leading the gains. However, optimism was slightly tempered by a higher-than-expected inflation reading. October CPI rose to 3.8% year-on-year, while trimmed mean inflation hit 3.3%, both sitting above the RBA’s target range and raising questions about the timing of any future rate cuts.
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The Australian share market fell 2.5% this week, its fourth weekly decline in a row, bringing the total pullback to around 7% over the past month. All major sectors on the ASX 200 finished flat or in the red, with Technology and Materials leading the declines. While this is a meaningful drop, periods like this are a normal part of long-term investing. It’s something to be mindful of rather than alarmed by, especially if you’re investing regularly over time. We’ve also published a blog this week to help reframe our thinking during market dips and support you in staying focused on your long-term goals.
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You’re not imagining it. The markets are having a rough time, and if your Raiz balance has dipped recently, you’re not alone. But while it’s easy to feel like something has gone wrong with your portfolio, this is part of a much bigger picture. What we’re seeing now is a broad downturn across both local and global markets, not just a Raiz-specific issue.
Let’s unpack what’s been happening and what it means for you as an investor.
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The Australian share market fell 1.5% this week, posting its third straight weekly loss. The drop was driven by stronger-than-expected jobs data, which reduced the likelihood of interest rate cuts in the near term. Investors had been hoping for some policy relief, but the data reinforced the Reserve Bank’s more hawkish tone, suggesting rates may stay higher for longer. This shift in expectations weighed on sentiment across most sectors, with Technology leading the declines after a weak performance from US tech stocks.
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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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