Latest news with #US65
Yahoo
5 days ago
- Business
- Yahoo
ASX dips as investors take profits
Investors have made hay on the Australian sharemarket following Wednesday's record high, cashing out and pushing the bourse down on Thursday. The ASX200 remained in uncharted territory above 8800 points though, closing for a daily loss of 12.3 points or 0.14 per cent at 8831.4. The broader All Ords lost 0.1 per cent to 9102 points while the Aussie dollar lifted above US65 cents, hitting 65.22 cents. Red numbers flashed for six of the ASX's 10 largest health care stocks, dragging the sector to be the weakest performer with a 1.2 per cent loss. Behemoth CSL lost 1.5 per cent (at $265.53) while Resmed and TELIX Pharmaceuticals lost 2 per cent each as well. Reusable pallets and crates firm Brambles flattened out following its all-time high in July, shedding 3.3 per cent (at $23.31) to be among the main backsliders on the industrials sector, which as a whole lost ground. Across the board, five of 11 sectors were in the red. With a reduction in the cash rate next Tuesday looking certain, markets are split on whether it will be a 0.25 or 0.5 point cut. Home Loan Experts chief executive Otto Dargan says the RBA is teetering toward hard landing territory. 'The global bond markets are already pricing in emergency cuts, and with the equity crash in early April rattling confidence, the RBA has no choice but to get ahead of the curve,' Mr Dargan said. 'This isn't about inflation anymore, it's about restoring stability and avoiding a credit crunch. 'Borrowing power is still strangled, buyers have equity but can't service, and the RBA knows a slow response now risks turning a soft landing into a hard one.' Real estate stocks were a key driver for the record high ASX200 close on Wednesday, and the sector was locked and loaded, Mr Dargan said. 'If there is another (interest rate) hold, it'll be for optics, but rate cuts are coming before Christmas. The real story is how quickly lenders will pass these on to borrowers, and how that will ignite property markets already itching for a rebound.' Expectations of rate cuts buoyed consumer stocks to make major gains on Thursday. JB Hi-Fi added 1.8 per cent (at $116.41) and is 74 per cent up over the past year. Heavyweights Aristocrat Leisure (up 1.5 per cent at $71.38) and Eagers Automotive (up 2.2 per cent at $20.60) pulled the discretionaries sector deep into the green on the day. The sector's seven most valuable stocks are all well into double digit gains across the past 12 months. Wesfarmers was in on the act, with this week's gains pushing the company above $100bn market cap, joining the big four and CSL as 'hectocorns'. There were serious rumblings for sharemarket operator ASX Ltd, as its price sank 8.6 per cent to $64.22. US competitor CBOE is pushing to conduct sharemarket listings of companies in Australia.
Perth Now
6 days ago
- Business
- Perth Now
ASX dips as investors take profits
Investors have made hay on the Australian sharemarket following Wednesday's record high, cashing out and pushing the bourse down on Thursday. The ASX200 remained in uncharted territory above 8800 points though, closing for a daily loss of 12.3 points or 0.14 per cent at 8831.4. The broader All Ords lost 0.1 per cent to 9102 points while the Aussie dollar lifted above US65 cents, hitting 65.22 cents. Red numbers flashed for six of the ASX's 10 largest health care stocks, dragging the sector to be the weakest performer with a 1.2 per cent loss. Behemoth CSL lost 1.5 per cent (at $265.53) while Resmed and TELIX Pharmaceuticals lost 2 per cent each as well. Reusable pallets and crates firm Brambles flattened out following its all-time high in July, shedding 3.3 per cent (at $23.31) to be among the main backsliders on the industrials sector, which as a whole lost ground. Across the board, five of 11 sectors were in the red. Eyes will be on RBA Governor Michele Bullock on Tuesday, for an almost-guaranteed cut to the cash rate. NewsWire / Nikki Short Credit: News Corp Australia With a reduction in the cash rate next Tuesday looking certain, markets are split on whether it will be a 0.25 or 0.5 point cut. Home Loan Experts chief executive Otto Dargan says the RBA is teetering toward hard landing territory. 'The global bond markets are already pricing in emergency cuts, and with the equity crash in early April rattling confidence, the RBA has no choice but to get ahead of the curve,' Mr Dargan said. 'This isn't about inflation anymore, it's about restoring stability and avoiding a credit crunch. 'Borrowing power is still strangled, buyers have equity but can't service, and the RBA knows a slow response now risks turning a soft landing into a hard one.' Investors continue to seek the safe haven of gold, with the ASX All Ords Gold benchmark up 39 per cent this calendar year. Rebecca Le May Credit: NCA NewsWire Real estate stocks were a key driver for the record high ASX200 close on Wednesday, and the sector was locked and loaded, Mr Dargan said. 'If there is another (interest rate) hold, it'll be for optics, but rate cuts are coming before Christmas. The real story is how quickly lenders will pass these on to borrowers, and how that will ignite property markets already itching for a rebound.' Expectations of rate cuts buoyed consumer stocks to make major gains on Thursday. JB Hi-Fi added 1.8 per cent (at $116.41) and is 74 per cent up over the past year. Heavyweights Aristocrat Leisure (up 1.5 per cent at $71.38) and Eagers Automotive (up 2.2 per cent at $20.60) pulled the discretionaries sector deep into the green on the day. The sector's seven most valuable stocks are all well into double digit gains across the past 12 months. Wesfarmers was in on the act, with this week's gains pushing the company above $100bn market cap, joining the big four and CSL as 'hectocorns'. There were serious rumblings for sharemarket operator ASX Ltd, as its price sank 8.6 per cent to $64.22. US competitor CBOE is pushing to conduct sharemarket listings of companies in Australia.
The Advertiser
14-07-2025
- Science
- The Advertiser
India, Poland, Hungary crew return from space station
The International Space Station's first visitors from India, Poland and Hungary have headed back to earth, wrapping up a private mission and catching a ride home with SpaceX. Their capsule undocked from the orbiting lab on Monday and aimed for a splashdown the next morning in the Pacific off the southern California coast. The short, privately financed mission marked the first time in more than 40 years that India, Poland and Hungary saw one of their own rocket into orbit. The three astronauts were accompanied by America's most experienced space flier, Peggy Whitson, who works for Axiom Space, which chartered the flight. They launched from NASA's Kennedy Space Center on June 25. India's Shubhanshu Shukla, Poland's Slawosz Uznanski-Wisniewski and Hungary's Tibor Kapu conducted dozens of experiments during their stay. They also fielded calls from their countries' prime ministers as well as schoolchildren. "We will spread the word in our countries that these things are within our reach. These things are possible even for smaller countries like ours," Kapu said during Sunday's farewell ceremony, which ended in an emotional group hug. Shukla noted that "it's truly a miracle" when humanity comes together for a common goal. "The sky is no longer the limit. We can explore space," added Uznanski-Wisniewski. Uznanski-Wisniewski took special pride in the first pierogies in space. He took up the cabbage and mushroom-stuffed dumplings, which were freeze-dried in advance for easy cooking in zero gravity. Their three countries shared the cost of the mission, paying more than $US65 million apiece. It was Axiom's fourth station trip since 2022. The Houston company's clientele includes the wealthy as well as countries seeking representation in space. NASA embraces commercial spaceflight, helping to set the stage for private space stations in the works by Axiom and others, as well as lunar landers. The space station's seven full-time residents remain behind in orbit, representing the US, Russia and Japan. Four of them will be replaced in a few weeks by a fresh crew launched for NASA by SpaceX. The International Space Station's first visitors from India, Poland and Hungary have headed back to earth, wrapping up a private mission and catching a ride home with SpaceX. Their capsule undocked from the orbiting lab on Monday and aimed for a splashdown the next morning in the Pacific off the southern California coast. The short, privately financed mission marked the first time in more than 40 years that India, Poland and Hungary saw one of their own rocket into orbit. The three astronauts were accompanied by America's most experienced space flier, Peggy Whitson, who works for Axiom Space, which chartered the flight. They launched from NASA's Kennedy Space Center on June 25. India's Shubhanshu Shukla, Poland's Slawosz Uznanski-Wisniewski and Hungary's Tibor Kapu conducted dozens of experiments during their stay. They also fielded calls from their countries' prime ministers as well as schoolchildren. "We will spread the word in our countries that these things are within our reach. These things are possible even for smaller countries like ours," Kapu said during Sunday's farewell ceremony, which ended in an emotional group hug. Shukla noted that "it's truly a miracle" when humanity comes together for a common goal. "The sky is no longer the limit. We can explore space," added Uznanski-Wisniewski. Uznanski-Wisniewski took special pride in the first pierogies in space. He took up the cabbage and mushroom-stuffed dumplings, which were freeze-dried in advance for easy cooking in zero gravity. Their three countries shared the cost of the mission, paying more than $US65 million apiece. It was Axiom's fourth station trip since 2022. The Houston company's clientele includes the wealthy as well as countries seeking representation in space. NASA embraces commercial spaceflight, helping to set the stage for private space stations in the works by Axiom and others, as well as lunar landers. The space station's seven full-time residents remain behind in orbit, representing the US, Russia and Japan. Four of them will be replaced in a few weeks by a fresh crew launched for NASA by SpaceX. The International Space Station's first visitors from India, Poland and Hungary have headed back to earth, wrapping up a private mission and catching a ride home with SpaceX. Their capsule undocked from the orbiting lab on Monday and aimed for a splashdown the next morning in the Pacific off the southern California coast. The short, privately financed mission marked the first time in more than 40 years that India, Poland and Hungary saw one of their own rocket into orbit. The three astronauts were accompanied by America's most experienced space flier, Peggy Whitson, who works for Axiom Space, which chartered the flight. They launched from NASA's Kennedy Space Center on June 25. India's Shubhanshu Shukla, Poland's Slawosz Uznanski-Wisniewski and Hungary's Tibor Kapu conducted dozens of experiments during their stay. They also fielded calls from their countries' prime ministers as well as schoolchildren. "We will spread the word in our countries that these things are within our reach. These things are possible even for smaller countries like ours," Kapu said during Sunday's farewell ceremony, which ended in an emotional group hug. Shukla noted that "it's truly a miracle" when humanity comes together for a common goal. "The sky is no longer the limit. We can explore space," added Uznanski-Wisniewski. Uznanski-Wisniewski took special pride in the first pierogies in space. He took up the cabbage and mushroom-stuffed dumplings, which were freeze-dried in advance for easy cooking in zero gravity. Their three countries shared the cost of the mission, paying more than $US65 million apiece. It was Axiom's fourth station trip since 2022. The Houston company's clientele includes the wealthy as well as countries seeking representation in space. NASA embraces commercial spaceflight, helping to set the stage for private space stations in the works by Axiom and others, as well as lunar landers. The space station's seven full-time residents remain behind in orbit, representing the US, Russia and Japan. Four of them will be replaced in a few weeks by a fresh crew launched for NASA by SpaceX. The International Space Station's first visitors from India, Poland and Hungary have headed back to earth, wrapping up a private mission and catching a ride home with SpaceX. Their capsule undocked from the orbiting lab on Monday and aimed for a splashdown the next morning in the Pacific off the southern California coast. The short, privately financed mission marked the first time in more than 40 years that India, Poland and Hungary saw one of their own rocket into orbit. The three astronauts were accompanied by America's most experienced space flier, Peggy Whitson, who works for Axiom Space, which chartered the flight. They launched from NASA's Kennedy Space Center on June 25. India's Shubhanshu Shukla, Poland's Slawosz Uznanski-Wisniewski and Hungary's Tibor Kapu conducted dozens of experiments during their stay. They also fielded calls from their countries' prime ministers as well as schoolchildren. "We will spread the word in our countries that these things are within our reach. These things are possible even for smaller countries like ours," Kapu said during Sunday's farewell ceremony, which ended in an emotional group hug. Shukla noted that "it's truly a miracle" when humanity comes together for a common goal. "The sky is no longer the limit. We can explore space," added Uznanski-Wisniewski. Uznanski-Wisniewski took special pride in the first pierogies in space. He took up the cabbage and mushroom-stuffed dumplings, which were freeze-dried in advance for easy cooking in zero gravity. Their three countries shared the cost of the mission, paying more than $US65 million apiece. It was Axiom's fourth station trip since 2022. The Houston company's clientele includes the wealthy as well as countries seeking representation in space. NASA embraces commercial spaceflight, helping to set the stage for private space stations in the works by Axiom and others, as well as lunar landers. The space station's seven full-time residents remain behind in orbit, representing the US, Russia and Japan. Four of them will be replaced in a few weeks by a fresh crew launched for NASA by SpaceX.
West Australian
14-07-2025
- Science
- West Australian
India, Poland, Hungary crew return from space station
The International Space Station's first visitors from India, Poland and Hungary have headed back to earth, wrapping up a private mission and catching a ride home with SpaceX. Their capsule undocked from the orbiting lab on Monday and aimed for a splashdown the next morning in the Pacific off the southern California coast. The short, privately financed mission marked the first time in more than 40 years that India, Poland and Hungary saw one of their own rocket into orbit. The three astronauts were accompanied by America's most experienced space flier, Peggy Whitson, who works for Axiom Space, which chartered the flight. They launched from NASA's Kennedy Space Center on June 25. India's Shubhanshu Shukla, Poland's Slawosz Uznanski-Wisniewski and Hungary's Tibor Kapu conducted dozens of experiments during their stay. They also fielded calls from their countries' prime ministers as well as schoolchildren. "We will spread the word in our countries that these things are within our reach. These things are possible even for smaller countries like ours," Kapu said during Sunday's farewell ceremony, which ended in an emotional group hug. Shukla noted that "it's truly a miracle" when humanity comes together for a common goal. "The sky is no longer the limit. We can explore space," added Uznanski-Wisniewski. Uznanski-Wisniewski took special pride in the first pierogies in space. He took up the cabbage and mushroom-stuffed dumplings, which were freeze-dried in advance for easy cooking in zero gravity. Their three countries shared the cost of the mission, paying more than $US65 million apiece. It was Axiom's fourth station trip since 2022. The Houston company's clientele includes the wealthy as well as countries seeking representation in space. NASA embraces commercial spaceflight, helping to set the stage for private space stations in the works by Axiom and others, as well as lunar landers. The space station's seven full-time residents remain behind in orbit, representing the US, Russia and Japan. Four of them will be replaced in a few weeks by a fresh crew launched for NASA by SpaceX.
Perth Now
14-07-2025
- Science
- Perth Now
India, Poland, Hungary crew return from space station
The International Space Station's first visitors from India, Poland and Hungary have headed back to earth, wrapping up a private mission and catching a ride home with SpaceX. Their capsule undocked from the orbiting lab on Monday and aimed for a splashdown the next morning in the Pacific off the southern California coast. The short, privately financed mission marked the first time in more than 40 years that India, Poland and Hungary saw one of their own rocket into orbit. The three astronauts were accompanied by America's most experienced space flier, Peggy Whitson, who works for Axiom Space, which chartered the flight. They launched from NASA's Kennedy Space Center on June 25. India's Shubhanshu Shukla, Poland's Slawosz Uznanski-Wisniewski and Hungary's Tibor Kapu conducted dozens of experiments during their stay. They also fielded calls from their countries' prime ministers as well as schoolchildren. "We will spread the word in our countries that these things are within our reach. These things are possible even for smaller countries like ours," Kapu said during Sunday's farewell ceremony, which ended in an emotional group hug. Shukla noted that "it's truly a miracle" when humanity comes together for a common goal. "The sky is no longer the limit. We can explore space," added Uznanski-Wisniewski. Uznanski-Wisniewski took special pride in the first pierogies in space. He took up the cabbage and mushroom-stuffed dumplings, which were freeze-dried in advance for easy cooking in zero gravity. Their three countries shared the cost of the mission, paying more than $US65 million apiece. It was Axiom's fourth station trip since 2022. The Houston company's clientele includes the wealthy as well as countries seeking representation in space. NASA embraces commercial spaceflight, helping to set the stage for private space stations in the works by Axiom and others, as well as lunar landers. The space station's seven full-time residents remain behind in orbit, representing the US, Russia and Japan. Four of them will be replaced in a few weeks by a fresh crew launched for NASA by SpaceX.
