Thursday, June 4, 2026
18.9 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

Fragmented Data Is Holding Back Real Estate Investment Growth

Real estate has never been more attractive to...

PIMCO CEO: Economy may already be in a recession

Emmanuel Roman, PIMCO CEO, joins 'Money Movers' to discuss...

ADP jobs report May 2026: Payrolls increase by 122,000

Private hiring expanded at a brisk pace in...

Electrifying! With Stablesats, Galoy Brings The Dollar To The Lightning Network

Trusted Editorial content, reviewed by leading industry experts...

Latest Post

Demo

Related Articles

Popular Categories

Demo