Westpac Tips a Third Rate Hike, ASX Closes Lower, Oil Prices Rise as Houthis Enter War — as It Happened

Westpac tips a third rate hike, ASX closes lower, oil prices rise as Houthis enter war — as it happened

The ASX 200 recovered some of its earlier losses to close down just 0.6 per cent, while Westpac added a third hike to its RBA forecast in coming months.

ASX Opens Lower as Houthi Escalation Rekindles War Fears

Bab el-Mandeb Is the Real ASX Market Risk Over the weekend, the Houthis formally entered the current Iran-Israel-US conflict by launching their first direct attacks on Israel since the war began. The group reportedly fired missiles and later carried out a drone strike, saying the attacks were in response to strikes on Iran and allied…

Top 10 at 11: ASX follows Wall Street lower as Houthis open new front in Iranian conflict

Morning, and welcome to Stockhead’s Top 10 (at 11… ish), highlighting the movers and shakers on the ASX in early-doors trading. With the market opening at 10am sharp eastern time, the data is taken at 10.15am in the east, once trading kicks off in earnest. In brief, this is what the market has been up to this morning.   Oil spikes as Houthis join conflict With the US-Iran-Israel conflict poised to enter its fifth week, Houthi militants have ente…

ASX Set to Drop on Middle East Tensions

The Australian sharemarket is expected to decline on Monday as escalating conflict in the Middle East, involving Iranian-backed Houthi rebels, threatens to elevate global oil prices and interest rates. Houthi militants in Yemen launched attacks on Israel, an intervention seen by analysts as widening the war and likely to further disrupt global trade and financial markets. This intervention follows Iran’s disruption of the Strait of Hormuz, a cri…