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ASX returns while the US and Russia agree to discuss

ASX recovered early from the news of the summit, while the spin-off of A2 Milk and Woolies was the highlight of the day’s profit reporting flow.

INVESTMENT

CASH SPLASH: Instant cancellation scheme for extended business assets until December.

Big question for Australian investors

Experts have ruled out a half-year profit, revealing that many Australian investors have not been well rewarded by companies that exceeded expectations.

UPDATEDBusiness

Mike Cannon-Brookes has launched a shock takeover bid for AGL

The billionaire’s takeover bid was rejected

A shocking bid by Australian billionaire Mike Cannon-Brookes to take control of an iconic Australian giant of the ASX has been rejected.

Australian markets

SYDNEY, AUSTRALIA - NewsWire Photos November 3, 2021: Overview of the Sydney Australian Stock Exchange.  Photo: NCA NewsWire / Jeremy Piper

Ukraine’s fears pull ASX from a four-week high

The Australian stock market hit a four-week high on Thursday, but disappeared in the afternoon amid renewed nervousness over the situation in Ukraine.

Australian markets

Russian “pullback” sends ASX in green

Strong earnings results for the semester and Russia saying it will withdraw some troops from the border with Ukraine have sent the ASX firmly in the green.

Leaders

Geoff Bainbridge appears to be smoking a methamphetamine pipe in an explicit video.  Source: Australian

Grill’d co-founder resigns over ‘methamphetamine extortion’

One of the first investors in the Grill’d burger chain resigned as CEO of an ASX-listed company after a disturbing video appeared as part of an alleged extortion scheme.

Australian markets

SYDNEY, AUSTRALIA - NewsWire Photos November 23, 2021: A multi-exposure photograph showing information panels at the Australian Stock Exchange, Sydney.  Image: NCA NewsWire / James Gourley

ASX Falls “All Eyes on War”

The threat posed by Russia’s invasion of Ukraine has global financial markets on the sidelines, with the ASX slipping after another negative Wall Street advance.

Australian markets

SYDNEY, AUSTRALIA - NewsWire Photos November 12, 2021: General coverage of the ASX in Sydney.  Photo: NCA NewsWire / Jeremy Piper

ASX grows as Russia-related goods grow

Fears that Russia is ready to invade Ukraine have led to rising oil and gold prices, boosting Australian commodity producers and raising ASX.

Australian markets

SYDNEY, AUSTRALIA - NewsWire Photos November 23, 2021: A multi-exposure photograph showing information panels at the Australian Stock Exchange, Sydney.  Image: NCA NewsWire / James Gourley

One sector up, as ASX follows the US down

ASX was in the red after Wall Street was hit hard by 40-year high inflation data, with only one local sector in the green.

Australian markets

SYDNEY, AUSTRALIA - NewsWire Photos November 23, 2021: A multi-exposure photograph showing information panels at the Australian Stock Exchange, Sydney.  Image: NCA NewsWire / James Gourley

The bank helps ASX on a series of gains

A “fire of optimism” in overseas markets and an impressive quarterly result from National Australia Bank contributed to the growth of the ASX.

Australian markets

SYDNEY, AUSTRALIA - NewsWire Photos November 23, 2021: A multi-exposure photograph showing information panels at the Australian Stock Exchange, Sydney.  Image: NCA NewsWire / James Gourley

The profit of the big banks pushes ASX firmly higher

Commonwealth Bank may take the main credit for pushing the ASX higher for the second day in a row, boosting the financial sector as a whole.

Australian markets

SYDNEY, AUSTRALIA - NewsWire Photos November 23, 2021: Information panels at the Australian Stock Exchange, Sydney.  Image: NCA NewsWire / James Gourley

ASX grows as travel stocks continue to fly

ASX climbed well in the green, thanks to higher commodity prices that stimulated miners, while travel stocks continued to rise.

Australian markets

Travel actions are at the level of the new border rules

ASX has fallen slightly, but news of double-vaccinated passengers entering Australia on February 21 has boosted the sector.

Australian markets

SYDNEY, AUSTRALIA - NewsWire Photos November 23, 2021: A multi-exposure photograph showing information panels at the Australian Stock Exchange, Sydney.  Image: NCA NewsWire / James Gourley

ASX shrugged off the Wall Street bloodbath

ASX has been positively surprised, despite heavy losses in US markets overnight, with the highest oil prices in the last eight years rising energy stocks.

Australian markets

SYDNEY, AUSTRALIA - NewsWire Photos November 23, 2021: Information panels at the Australian Stock Exchange, Sydney.  Image: NCA NewsWire / James Gourley

The technology has been destroying the ASX series for two days in a row

The tech industry took the ASX lower after the Facebook owner gave a disappointing result after Wall Street closed, but Nufarm was a stellar local performer.



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