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ASX gains on rate optimism; Mining, energy stocks jump, Bitcoin tumbles

The Australian sharemarket powered ahead after weaker-than-expected GDP growth boosted optimism for an interest rate reprieve from the Reserve Bank.

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theage.com.auStai leggendo3 mesi fa

ASX gains on rate optimism; Mining, energy stocks jump, Bitcoin tumbles

The Australian sharemarket powered ahead after weaker-than-expected GDP growth boosted optimism for an interest rate reprieve from the Reserve Bank.

originale

smh.com.au3 mesi fa

ASX advances as mining, energy stocks jump; Bitcoin tumbles

HPE +19.5% and Marvell +32.5% on AI infrastructure demand surge; Bitcoin crashes 7% amid geopolitical pressure. Strong AI chip demand persists, but rising rates (10Y Treasury 4.45%) may curtail enterprise data center capex this quarter.

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martedì 2 giugno 2026·theage.com.au
ASX gains on rate optimism; Mining, energy stocks jump, Bitcoin tumbles
The Australian sharemarket powered ahead after weaker-than-expected GDP growth boosted optimism for an interest rate reprieve from the Reserve Bank.
martedì 2 giugno 2026·smh.com.au
ASX advances as mining, energy stocks jump; Bitcoin tumbles
The Australian sharemarket has made a steady start to the session while oil prices advanced on pessimism over the prospects of the US and Iran reaching a peace deal and as…