News Archive - Page 254 of 1421

10:16 AM

Mon 12 May. 2025

Local banks have benefited from an end to US quantitative easing but worsening terms of trade figures hit the miners.

The share market has been boosted by positive earnings and sales updates from the likes of NAB, Wesfarmers and IAG.

New home sales were flat in September, but sales of multi-unit dwellings were up 11 per cent, the Housing Industry Association said.

The US central bank has ended its quantitative easing program, but will maintain the ultra-low interest and benchmark federal funds rates.

Stocks of interest on the Australian Securities Exchange on Thursday

The Australian share market with the banks dragging it down but the miners faring well.

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