Stocks in the US surged to a brand-new all-time high, largely for two core reasons... Firstly, it’s thanks to Trump’s launch of the US$500 billion AI project, Stargate, which ignited a new wave of AI investment and buying of AI-related stocks. Names like Oracle$Oracle (ORCL.US)$, Palantir$Palantir (PLTR.US)$and Monolit...
Markets ready for fewer rate cuts, as Trump takes control Every day since Trump won the US election, the US Fed Funds Futures have suggested that we should also expect less and less US interest rates cuts are ahead. And now Donald Trump’s Republican Party looks set to control the US Congress, meaning Trump has...
Macro News Australian Businesses Report Rising Cost Pressures Despite Lifeless Economy The results of the latest monthly survey of firms by the National Australia Bank paint the worst of worlds for the Reserve Bank of Australia, which may need to raise interest rates further before it can claim victory over inflation. Business confidence fell 4 index points to minus 3 index points in May from ...
G'day, mooers! Check out the latest news on today's stock market! • Nasdaq, S&P set records • ASX rises; IDP plunges more than 11% • Stocks to watch: IDP Education, SkyCity, Magellan Financial Wall Street Summary Most sectors gained as signs of weakening labor market fueled hopes that the US Federal Reserve could start cutting interest rates in the next few months. Advancers totaled 8,769 stocks, while decliners reached 4,596. The tech-heavy$Nasdaq Composite Index (.IXIC.US)$rose almo...
Xero Ltd Stock Forum
Firstly, it’s thanks to Trump’s launch of the US$500 billion AI project, Stargate, which ignited a new wave of AI investment and buying of AI-related stocks. Names like Oracle $Oracle (ORCL.US)$, Palantir $Palantir (PLTR.US)$and Monolit...
Every day since Trump won the US election, the US Fed Funds Futures have suggested that we should also expect less and less US interest rates cuts are ahead. And now Donald Trump’s Republican Party looks set to control the US Congress, meaning Trump has...
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Australian Businesses Report Rising Cost Pressures Despite Lifeless Economy
The results of the latest monthly survey of firms by the National Australia Bank paint the worst of worlds for the Reserve Bank of Australia, which may need to raise interest rates further before it can claim victory over inflation.
Business confidence fell 4 index points to minus 3 index points in May from ...
• Top losers: $IDP Education Ltd (IEL.AU)$, $Megaport Ltd (MP1.AU)$, $Seek Ltd (SEK.AU)$
Market Performance
The $S&P/ASX 200 (.XJO.AU)$ closed 0.7% higher at 7,821.8 on Thursday, driven by broad-based gains across the index. The benchmark remained in positive territory throughout the day, following Canada's central bank's dec...
• Nasdaq, S&P set records
• ASX rises; IDP plunges more than 11%
• Stocks to watch: IDP Education, SkyCity, Magellan Financial
Wall Street Summary
Most sectors gained as signs of weakening labor market fueled hopes that the US Federal Reserve could start cutting interest rates in the next few months. Advancers totaled 8,769 stocks, while decliners reached 4,596.
The tech-heavy $Nasdaq Composite Index (.IXIC.US)$ rose almo...
• Top losers: $Nufarm Ltd (NUF.AU)$, $Bellevue Gold Ltd (BGL.AU)$, $Sandfire Resources Ltd (SFR.AU)$
Market Performance
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.5% lower at 7811.8, losing its chance at a record high amid weakness in shares of large-cap miners and banks. The ASX 200 is now 1.1% off the record high it set in March....
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