The Australian sharemarket barely shifted on Wednesday despite inflation data jumping higher for the first time in four months. The Bureau of Statistics’ latest monthly inflation print showed consumer price growth rose to 5.2 per cent for the 12 months to August, up from 4.9 per cent in July. PetrolContinue Reading
The local benchmark fell to a two-month low on Tuesday as equities continue their correction after a round of central bank meetings last week signalled interest rates would need to stay higher for longer. The S&P/ASX 200 sank by 38.4 points, or 1.3 per cent, to 2949 points as bondContinue Reading
A portfolio manager has claimed Aussie homeowners will need to brace for the “mother of all shocks” later this year. Chris Joye, the co-founder and portfolio manager of Coolabah Capital, a fund manager with $8 billion in assets, has made bold predictions regarding the Australian housing market in the past.Continue Reading