Fears of a rate hike have knocked the froth off real estate and discretionary spending share prices. RBA minutes released today show the board holds persistent fears about rising prices and the challenge to bring inflation back to its target band of 2-3 per cent. Citi Australia chief economist JoshContinue Reading
The Australian sharemarket fell again on Tuesday as many companies continue to release half yearly results. The benchmark ASX 200 index fell by 0.2 per cent, or 11.3 points, to finish the session at 7603.6 points. The broader All Ordinaries also dropped 12.5 points, or 0.16 per cent, to closeContinue Reading
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
China is rolling out panicked measures in a desperate bid to boost confidence as the world’s second-largest economy grapples with a drastic downturn that’s sparking fears across the globe. In one of the biggest moves, Beijing slashed a tax on trading for the first time in 15 years on Monday.Continue Reading
A technology company that had its stock price torn down has managed to top the list of gainers on the Australian share market on Thursday. The S&P/ASX200 extended its winning streak this week, closing up Thursday gaining 33.70 points or 0.47 per cent to 7,182.10. Topping the list was softwareContinue Reading
The ASX has finished trading on Thursday higher higher despite a soft session on Wall St, as the market watches for US inflation figures. The S&P/ASX200 closed up 19.4 points, or 0.26 per cent, to 7,357.4. Trade out of the US was subdued as investors await the release of inflationContinue Reading
The Australian share market has celebrated after the Reserve Bank announced it will keep interest rates on hold again in August. The ASX200 ended Tuesday on a high, gaining 40.30 points or 0.54 per cent to 7,450.70. The market had two reasons to celebrate on Tuesday, according to market analystContinue Reading
Three red flags indicate the global economy is in even worse shape than expected, leaving Australia well and truly exposed. In recent weeks, there has been widespread panic about the US debt ceiling crisis, with the world’s biggest economy running out of cash – fast. Tense negotiations are currently underwayContinue Reading
A debt ceiling disaster is looming for America’s economy which could see the nation buckle into a default, plunging the country and the wider world into a financial calamity. New analysis shows if the US were to default, mortgage repayments would reach all-time highs, while experts have warned it wouldContinue Reading
Experts have revealed one glaring sign that a global recession is fast approaching, with a “big question mark” now hanging over us all. The demand for diesel fuel has long been considered a significant clue regarding the health of the world’s economy, given it is used to power major industriesContinue Reading