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Northern Star Rises as Gold Holds Near Highs Ahead of U.S. Inflation Data
Northern Star Resources advanced 1.2% on Thursday, ending a two-session decline. The move came as gold prices steadied near historic highs, with market focus shifting to upcoming U.S. inflation figures.
Wesfarmers Shares Slide Despite Profit Beat as Consumer Spending Concerns Mount
Wesfarmers shares tumbled over 5% despite reporting a half-year profit beat, as management flagged patchy consumer spending and upcoming price investments, overshadowing solid financial results.
ANZ Leads Australian Bank Rally Ahead of Key Inflation Data
ANZ Group Holdings led a broad rally among Australia's major banking stocks on Thursday, with shares closing 2.14% higher. Investor focus now shifts to upcoming inflation figures and the Reserve Bank's policy meeting.
Zip Co Plunges on Subdued Profit Outlook, Tests Investor Patience
Zip Co Ltd shares crashed 34.4% following its half-year report, as a forecast for flat profit growth in the second half rattled investors. The stock hit its lowest level since May 2025.
CBA Shares Recover Post-Dividend as Labor Data Fuels RBA Speculation
Commonwealth Bank of Australia shares gained 0.7% to A$178.19, recovering after trading ex-dividend. The move came as Australia's unemployment rate held at 4.1% in January, maintaining scrutiny on the Reserve Bank's interest rate path.
Telstra Surges on Enhanced Shareholder Returns and Solid Earnings
Telstra shares climbed 3.8% after the telecom giant increased its share buyback program to A$1.25 billion and raised its interim dividend. The company reported a first-half profit of A$1.124 billion on A$11.64 billion in revenue.
NAB Shares Hit Record High on Strong Q1 Earnings, Capital in Focus
National Australia Bank shares reached a new all-time high following a robust first-quarter update showing a 15% rise in cash earnings. Attention now shifts to capital management and the upcoming half-year results.
Westpac Leads Bank Rally as Robust Jobs Data Fuels RBA Rate Speculation
Westpac Banking Corp led Australian financials higher, climbing 2.7% after January jobs data showed unemployment holding at 4.1%. Investors now await key inflation figures and the Reserve Bank's policy decision.
Hinge Health Buyback Signals Undervaluation Amid Mixed Stock Performance
Hinge Health's significant share buyback underscores management confidence despite a valuation gap and mixed short-term stock performance. Pool Inc and Spin Master also present valuation disparities amid shifting market sentiment.
ASX 200 Reclaims 9,000 as NAB Hits Record High on Strong Earnings
The Australian benchmark index closed above 9,000 points, lifted by robust banking results and technology gains. National Australia Bank reached an all-time high following a solid quarterly performance.
FTSE 100 Climbs to New Peak on Cooling UK Inflation
London's FTSE 100 index surged to a new all-time high after UK inflation data showed a welcome cooldown, strengthening expectations for an imminent Bank of England interest rate cut.