ASX makes small gains as FBI joins Optus investigation

Man looking at ASX stock prices with a worried look on his face.
ASX has made small gains this week (source: Getty)

ASX snaps losing streak, makes small gains: The local share market appears to have stabilised after three straight days of major losses.The benchmark S&P/ASX200 index on Tuesday finished up 26.8 points, or 0.41 per cent, to 6496.2. The All Ordinaries gained 29 points, or 0.43 per cent, to 6696.5.

Wall St slips on new rate hike comments: Wall Street has sunk deeper into a bear market, with the S&P 500 recording its lowest close in two years as Federal Reserve policy makers showed an appetite for more interest rate hikes, even at the risk of throwing the US economy into a downturn.

FBI joins investigation into Optus breach: No effort is being spared in looking into the Optus customer record breach, with the FBI joining the Australian Federal Police in probing the alarming incident. Attorney-General Mark Dreyfus revealed the international cooperation as the group behind the breach scrapped its ransom demand and claimed to have deleted the 11 million customers' records it scraped from the telco's website.

Bowser hike as fuel excise cut ends: Motorists will soon face higher petrol prices with a temporary cut to a fuel tax set to end. There are fears prices could spike by more than 20 cents a litre.But the government says prices shouldn't spike straight away with around 700 million litres of petrol having been purchased by retailers before the cut ended.

Budget recovery owed to energy exports: Government finances are in better shape than expected despite spending on COVID support payments and other pandemic-era costs.The treasurer has already revealed a healthier-than-expected budget bottom line thanks to $28b in elevated revenues – largely due to high commodity prices – and $20b in lower payments.

Probe of Caddick's husband continues: Despite telling police soon after she disappeared that Melissa Caddick consistently went for outside morning runs, her husband has told an inquest he doesn't remember the last time that happened. In the meantime Caddicks house is for sale.

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