Worst week for Aussie shares in 6 weeks
As household borrowers breathed a sigh of relief as the RBA held off on another rate hike, the Aussie share market had its worst daily result in more than a month.
Breaking News
Expect Feb rate hike, economists warn
While household borrowers were spared at the central bank’s final meeting of the year, further rate pain could be right around the corner, economists warned.
ASX rallies ahead of RBA decision
Ahead of the RBA’s final board meeting for 2023, the Australian share market reached a 10-week high on Monday as fears of further rate tightening continue to fade.
Product Aussies are still spending money on
Despite the continued cost of living squeeze and surging borrowing costs, the number of Aussies taking out new home loans jumped in October as fears of further rate pain dissipate.
More Stories
Australia blocks Chinese takeover
Tensions between Australia and China show no signs of abating, with the Treasurer blocking its bid to take over a Melbourne-business.
Tech, gold stocks drag ASX lower
The Australian sharemarket started the week dragged lower by tech and gold stocks, but higher oil prices boosted the energy sector.
Black Friday boosts Aussie retail sales
A shopping event that started in the US is becoming increasingly popular in Australia and helped give retailers a pre-Christmas sales bonanza.
ASX overlooks US turmoil
Financial markets have overlooked the turmoil unfolding in the US, finishing the first week of the New Year in positive territory.
$38m worth of fruit and veg rotting
More than 50 Aussie farmers have been unable to get local and overseas workers to pick their produce due to coronavirus travel restrictions.
‘Tough on everyone’: Flights in doubt
Travel plans to and from Queensland could be disrupted following the state government’s decision to implement a new lockdown.
Shares soar in democratic blue wave win
The Australian sharemarket has ended the day stronger, riding the Democratic win in the Georgia election runoffs.
More Aussie homes being built
New figures show federal government stimulus packages are spurring on a surge of new houses being built.
ASX falls amid US Senate election uncertainty
The Australian share market has ended Wednesday’s trading day lower as the US Senate election run-offs spark ongoing jitters.
Seafood salvation as Aussies answer call
Australia’s peak seafood body says cheap rock lobsters and a plea to support local producers have helped fuel bumper Christmas sales.
Original URL: https://www.heraldsun.com.au/business/breaking-news/page/188