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ASX:RRL 4 February 2026

Australia stock market jumps as miners rally, tech gets slammed; Xero sinks

Australia stock market jumps as miners rally, tech gets slammed; Xero sinks

Australia’s S&P/ASX 200 closed up 0.8% at 8,927, lifted by miners and energy stocks as materials surged 3.6%. Technology shares plunged, with Xero down 15.9% and WiseTech Global off 10.7%. The Reserve Bank raised rates by 25 basis points to 3.85%, its first hike in two years. Neuren Pharmaceuticals entered a trading halt.

Stock Market Today

  • Bitcoin Surges Past $75,000 Amid Inflation Data and Fed Rate Decision
    March 17, 2026, 12:37 AM EDT. Bitcoin jumped above $75,000, surpassing a key resistance zone as markets await crucial Producer Price Index (PPI) data and the Federal Reserve's rate decision. While headline inflation is expected to cool, persistent core inflation pressures leave the Fed's path uncertain. Bitcoin's gains come alongside softer moves in equities and gold, reviving its reputation as a digital safe haven amid ongoing geopolitical tensions in the Middle East. Analysts note that the crypto's divergence from traditional markets could trigger volatility, especially with high options open interest near the current strike price. Upcoming economic data and Fed signals will likely shape Bitcoin's trajectory in the short term.
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