Aussies react to massive interest rate cut
The world’s biggest economy has just cut interest rates by a “jumbo” 50 basis points. Here’s what that means for Australia.
The world’s biggest economy has just cut interest rates by a “jumbo” 50 basis points. Here’s what that means for Australia.
The local sharemarket traded flat on Wednesday as investors moved cautiously before Thursday morning’s pivotal Fed rate cut decision and the release of key jobs data.
The rate cut rally in Australian shares continued on Tuesday, with the local bourse hitting fresh highs once again as it booked a fourth consecutive session in the green.
Australia has signed a massive new trade deal with a Middle-Eastern powerhouse, but the agreement has sparked controversy.
Growing jubilance around this week’s interest rate cut in the world’s largest economy propelled Aussie shares to a record high.
Aussie homeowners have been smashed with interest rate pain for years now and a leading economist warns the stress isn’t going to end anytime soon.
Aussie homeowners have been smashed with interest rate pain for years now and a leading economist warns the stress isn’t going to end anytime soon.
Economic activity jumped last month, but Australia’s biggest bank warns the frothy spending could be temporary.
The Australian sharemarket lifted on Tuesday on the back of a rally in energy stocks and some relief from a rattled Wall St.
Aussies and business are growing increasingly fearful of a stagnating economy, with new concerns about potential job losses.
The Aussie share market finished the week, and the reporting month of August, in the green as it marked the third straight week of gains.
The Australian share market fell again on Thursday, after a poor start thanks to Wall St, as several big name companies report results.
The Australian Stock Exchange ended Wednesday flat after some of the country’s biggest companies reported some less than stellar results.
The Australian share market finished down on Tuesday, following sagging results from jeweller Lovisa and sluggish performance from Zip and Johns Lyng.
The local sharemarket lifted on Monday as buoyant investors cheered the prospect of a September rate cut in the world’s largest economy.
The Australian sharemarket advanced for a 10th consecutive session on Thursday, marking the longest rally in stocks since 2015.
Making $100,000 a year used to be a kind of salary holy grail for a lot of Aussies, but the country’s cost-of-living crisis has changed that completely.
The Australian economy is growing at its slowest rate since a sharp recession in the early 1990s and it’s particularly bad news for white-collar workers.
Australia’s biggest mining company is reportedly looking at Indonesia’s nickel industry following the shut down of its vast nickel operations in Australia.
With the rising cost of living stretching budgets further than ever, cost-conscious Aussies are cutting back. It’s left one key industry in a battle to survive.
Shocking claims about the controversial CFMEU have been made at a hearing into Australia’s cost-of-living crisis.
The latest employment figures beat expectations, with the Australian economy adding tens of thousands of new jobs.
Australia’s biggest bank has just delivered some heartening news for struggling mortgage holders.
A massive employment platform has just delivered some bleak news to Aussie job hunters.
Wages are exploding across Australia, but there’s a downside to the money bump.
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
The Australian sharemarket fell lower on Tuesday after weak retail sales data hit discretionary stocks.
Ten of 11 industry sectors ended in the green on Monday in a rebound ahead of crucial retail and inflation data.
Booking a four-day losing streak, the sharemarket fell to close out the week after investors were rattled by hotter-than-expected services and manufacturing data.
With Federal Reserve officials indicating interest rates will likely remain higher for longer, investors took profits in commodities on Thursday.
Paring back its early gains, the sharemarket inched lower to finish in the red for a second consecutive session.
One major Aussie bank has made a huge call about how people will use their tax cut cash boost in the coming months, warning not to expect a shopping spree.
In a subdued session, Tuesday’s trading gave back a portion of Monday’s rally.
The man leading Australia’s largest supermarket has defended his company’s profits, but also made a big call on helping struggling Aussies.
The Australian Energy Market Operator is warning of “reliability gaps” without the ‘timely’ delivery of more transmission and energy infrastructure.
A rally in prices for key commodities including oil, iron ore, nickel, gold and copper sent the benchmark within 33 points of its record high.
One of Australia’s energy titans will cut 200 jobs, blaming a delay in ‘growth activities’ for the cull.
Aussie stocks lifted on Wednesday on the back of a mining rally fuelled by bourse heavyweight BHP.
One of Australia’s largest financial services providers is going cashless at its offices but has promised customers cash withdrawal fees from ATMs will be covered.
Australian shares dipped lower on Tuesday as investors continue to tread cautiously before a flood of data comes this week.
Australian shares were flat on Monday before important inflation data is released midweek.
Consumer and financials were crunched on Thursday as investors grew increasingly concerned with the impact of elevated inflation on households.
Aussies are about to get a tax cut cash boost and most will ‘spend’ it in a surprising way.
Ahead of the central bank’s impending interest rate decisions, investors on the Australian share market were in an upbeat mood.
The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.
Upstart airliner Bonza launched in Australia with budgie-smugglers and purple cocktails, but 18 months later the low-cost carrier collapsed. Here’s why.
Australian shares notched a tepid bounce on Thursday following some dovish rhetoric from the US Fed and positive sentiment around half-year results from NAB.
Aussie shares slumped on the first day of the new month as anxieties mount about US inflation and interest rates.
Aussie stocks edged higher on Tuesday after a slump in retail sales pushed back fears of impending rate hikes.
While bond traders have sharply revised their interest rate bets, equity investors appear unconvinced that a resumption in hikes is likely.
Original URL: https://www.heraldsun.com.au/business/markets/australian-dollar