Chinese tariffs shake Aussie market
The Australian markets had a promising trading day until the last hour when news broke that China and the US had failed to negotiate on tariffs.
The Australian markets had a promising trading day until the last hour when news broke that China and the US had failed to negotiate on tariffs.
Nearly $50bn was wiped off the Australian sharemarket on Monday as fears of a trade war led by US President Donald Trump tariffs ripped through the local market.
Mortgage holders need more than one rate cut to start feeling relief, with only about 53,000 Aussies likely to move away from “at risk” should the RBA cut rates in February.
The Aussie sharemarket has closed on a 100 day high, led by consumer discretionary stocks as investors factor in rate cuts.
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
In welcome news for mortgage holders, a third major bank is now expecting a rate cut in February following lower-than-expected inflation data.
A smaller tech sector exposure and a strong performance from consumer discretionary stocks saw Australia finish marginally in the red, despite a sell off on Wall Street.
Struggling borrowers could finally get a rate cut in February, with inflation tipped to fall faster than the Reserve Bank has been expecting.
Major retailers were responsible for the Aussie sharemarket closing just shy of a record high – with the dollar also climbing to a new peak.
Aussie farmers have plenty to celebrate this Australia Day, with fresh figures revealing a stunning boom in red meat exports.
The Aussie sharemarket has snapped a three-day winning streak as consumer-facing stocks and an “unloved” mining sector drag the index lower.
Millions of Aussies are confronting a stark budget black hole, with an economic update exposing a serious $217bn breakdown in one state’s finances.
Australian sharemarket firmed on Wednesday, as Donald Trump helped the strong performance by Australia’s tech sector and uranium shares.
Australia’s weak dollar could see inflation tick up slightly, but it is unlikely to move the RBA on its next rate cut decision, a leading economist says.
Original URL: https://www.heraldsun.com.au/business/markets/australian-dollar