Aussie shares crack fresh record high
The Australian sharemarket lifted to a fresh record high on Tuesday as investors followed gains on Wall St.
The Australian sharemarket lifted to a fresh record high on Tuesday as investors followed gains on Wall St.
The country’s major banks say Australian consumer confidence was rocked after the RBA decided against cutting the official cash rate in July.
Aussie mortgage holders have been dealt a “cruel” blow after the RBA held the official cash rate – and they will need to wait longer to see the fruits of earlier rate cuts come into effect.
Aussie mortgage holders have been dealt a “cruel” blow after the RBA held the official cash rate – and they will need to wait longer to see the fruits of earlier rate cuts come into effect.
Australians remain cautious with their money, with only a slight bump in spending in April despite two long weekends in a row.
The Australian economy has slowed but a chief economist has predicted when there will be four rate cuts as the Albanese government faces weak productivity growth.
The fallout from US President Donald Trump’s tariffs could have a severe impact on the Australian economy, worst-case modelling from the RBA reveals.
Australia’s economy is showing more signs of weakening ahead of GDP figures being released on Wednesday.
A major bank has announced it will take the axe to its fixed rate home loans on Friday.
Cautious investors barely moved the ASX200 on a quiet day on the market, despite Wall Street rallying on the back of the latest US President Donald Trump walkback.
A simple delay is tipped to benefit the major banks and cost Aussie households millions.
While mortgage holders will be cheering on lower rates, Australian savers will once again get smashed by the latest RBA announcement.
A leading finance guru says young Ausssies should be “pissed off” by the RBA’s decision to cut the cash rate, offering a grim prediction about the housing market.
Aussies have been issued a warning in the wake of Tuesday’s rates cut, as the potential impact of the US tariff drama comes to light.
Original URL: https://www.dailytelegraph.com.au/business/economy/interest-rates/page/5