ASX Slumps Amid Gold & Banking Woes | Australia News

Australia’s stock market braces for its worst week since April as mining and banking sectors slump, despite Wall Street hitting record highs. Oil prices dip below $87, yet BHP and gold stocks fall, while financials edge down nearly 3% amid falling home-loan applications. IT and utilities rise, buoyed by consumer spending news, while earnings reveal a mixed picture — Baby Bunting surges on strong profits, QBE slips despite revenue growth. Aussie dollar trades at 75.58 US cents. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/86d995b522e6db19