Tuesday, April 21, 2026
2.7 C
New York

ASX rebounds from heavy losses as US rate cut looms | Finance Report | ABC NEWS

The Australian share market rose sharply, though it only clawed back a fraction of yesterday’s $57 billion sell-off. The ASX 200 followed Wall Street higher after some worse-than-expected job numbers led to increased speculation that the US Federal Reserve will cut interest rates this month. Finance presenter David Chau explains. #abcbusiness
Subscribe: http://ab.co/1svxLVE

ABC NEWS provides around the clock coverage of news events as they break in Australia and abroad. It’s news when you want it, from Australia’s most trusted news organisation.

For more from ABC NEWS, click here: https://ab.co/2kxYCZY
Watch more ABC NEWS content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC NEWS In-depth channel: https://ab.co/2lNeBn2
Like ABC NEWS on Facebook: http://facebook.com/abcnews.au
Follow ABC NEWS on Instagram: http://instagram.com/abcnews_au
Follow ABC NEWS on X (Twitter): http://twitter.com/abcnews

Note: In most cases, our captions are auto-generated.

#ABCNEWS #ABCNEWSAustralia

source

Hot this week

April 17, 2026 Economic and Housing Market Update

April 17, 2026 Overview The Realtor.com® economics team video update...

US Core CPI Picks Up at Fastest Pace Since January, Underlying inflation accelerates

Underlying US inflation accelerated in July to the strongest...

Personal Income and Outlays, February 2026

Personal income decreased $18.2 billion (0.1 percent at...

Local car dealerships growing, dying amid rise of mega auto retailers

Derek Sylvester with members of his family, team...

Latest Post

Demo

Related Articles

Popular Categories

Demo