Today: 8 June 2026
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ASX:WBC.AX 7 January 2026 - 3 March 2026

Westpac share price holds at A$41.80 as RBA flags March hike risk and GDP looms

Westpac share price holds at A$41.80 as RBA flags March hike risk and GDP looms

Westpac shares closed unchanged at A$41.80 on Tuesday after a volatile session for Australian banks. The pause followed Reserve Bank Governor Michele Bullock’s warning that a rate hike is possible at the March meeting, sending three-year bond yields up 13 basis points to 4.313%. Traders now await Wednesday’s GDP data and the March 17 policy decision. The broader S&P/ASX 200 fell 1.34% amid global market jitters.
3 March 2026
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Westpac share price hits a fresh 52-week high as ASX banks run — CPI is the next big test

Westpac share price hits a fresh 52-week high as ASX banks run — CPI is the next big test

Westpac shares closed up 1.6% at A$42.54 on Friday, hitting a 52-week high and outperforming the S&P/ASX 200, which slipped 0.2%. The bank reported an unaudited Q1 net profit of A$1.9 billion last week, with its net interest margin down 3 basis points to 1.79%. Investors are watching next week’s inflation data for signals on rates. Australia’s jobless rate held at 4.1% in January.
20 February 2026
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ASX 200 slides as banks, BHP drag Australian shares — what to watch next

ASX 200 slides as banks, BHP drag Australian shares — what to watch next

Australian shares fell Tuesday, with the S&P/ASX 200 down 0.66% to 8,815.9, marking the steepest drop since mid-December. Commonwealth Bank slid 1.81% to A$150.48 and BHP lost 1.99% to A$47.78. Trade tensions and weaker bank and miner stocks weighed on the market. Origin Energy rose 2.62% after extending the life of its Eraring power station.
20 January 2026
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Westpac share price dips after close as rate jitters return — what WBC investors watch next

Westpac share price dips after close as rate jitters return — what WBC investors watch next

Westpac shares closed down 0.6% at A$38.28 Wednesday, leading declines among Australia’s major banks despite a steady broader market. A Westpac-Melbourne Institute survey showed consumer sentiment fell 1.7% in January. The Reserve Bank of Australia has signaled its rate-cut cycle may be over, with some banks warning of a possible hike next month. The next RBA policy decision is set for Feb. 3.
14 January 2026
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CBA stock rises after new wage data — what to watch before Commonwealth Bank’s Feb results

CBA stock rises after new wage data — what to watch before Commonwealth Bank’s Feb results

Commonwealth Bank shares rose 0.8% to A$155.36 as major Australian banks advanced on renewed rate hike speculation. CBA’s wage tracker showed 0.8% quarterly pay growth and steady unemployment at 4.3%. The ASX 200 closed up 0.6%. Investors await CBA’s half-year results on Feb. 11 for margin and credit quality details.
13 January 2026
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Stock Market Today

  • ASML Becomes Europe's Most Valuable Company Amid AI Boom
    June 8, 2026, 11:15 AM EDT. ASML Holding NV surged 60% year-to-date, becoming Europe's most valuable company ever. The sharp rise is driven by strong investor demand for firms linked to the expansion of artificial intelligence (AI) data centers. ASML, a key supplier of photolithography equipment used in chip manufacturing, is benefiting from the AI boom's push for advanced semiconductors. This milestone underscores the growing investor focus on technology companies supporting AI infrastructure.

Latest articles

Oil Pops, Tech Moves Sideways as Iran-Israel Tensions Flare

Oil Pops, Tech Moves Sideways as Iran-Israel Tensions Flare

8 June 2026
Wall Street’s main indexes rebounded at Monday’s open as chip stocks recovered and easing Middle East tensions offset an early oil price jump; the Dow rose 0.26%, S&P 500 gained 0.77%, and Nasdaq advanced 1.38%, after Friday’s tech rout and amid concerns the Fed may keep policy tighter for longer following strong U.S. jobs data.
Wall Street Hit With New AI Bubble Jitters as Doubts Grow

Wall Street Hit With New AI Bubble Jitters as Doubts Grow

8 June 2026
U.S. stocks rebounded Monday after a $2 trillion wipeout led by chip stocks, but investors are questioning whether massive AI spending can deliver durable earnings as strong jobs data dims hopes for Fed rate cuts, raising pressure on high-priced growth shares.
Mortgage Rates Fall but Buyers Still Face Pressure

Mortgage Rates Fall but Buyers Still Face Pressure

8 June 2026
U.S. mortgage rates dipped to 6.48% from 6.53%, offering slight relief as the housing market faces falling listing prices—down 2.4% year-over-year to $429,500—but persistent high borrowing costs and strong jobs data threaten to push rates higher, risking further pressure on home sales and affordability.
QQQ Slides 4.8% But Options Market Sends Mixed Signals

QQQ Slides 4.8% But Options Market Sends Mixed Signals

8 June 2026
QQQ jumped 1.6% to $716.47 Monday after a 4.8% drop, as options data showed traders cautious but not panicked; the rebound follows a tech selloff sparked by Fed rate fears and AI spending doubts, while upcoming Nasdaq-100 rebalancing and new ETF competition add uncertainty for investors.
SOXL’s 433% Rally in AI Chip Sector Meets Sharp Pullback

SOXL’s 433% Rally in AI Chip Sector Meets Sharp Pullback

8 June 2026
SOXL surged nearly 15% to $209.62 Monday after last week’s 30.5% plunge, as chip stocks rebounded from a $1.3 trillion rout; leveraged ETF swings highlight the risks of daily resets, with Direxion and regulators warning these funds are trading tools, not long-term bets, especially as investors eye upcoming inflation data and Fed meetings.
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