‘Jumbo’ Fed cut boosts Aussie shares
The Australian sharemarket booked a fresh record high on Thursday as investors celebrated the US Fed’s “jumbo” rate cut.
The Australian sharemarket booked a fresh record high on Thursday as investors celebrated the US Fed’s “jumbo” rate cut.
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.
Growing jubilance around this week’s interest rate cut in the world’s largest economy propelled Aussie shares to a record high.
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Anthony Albanese has refused to rule out Australian voters could be heading to the polls early, as Peter Dutton slams Jim Chalmers’ energy rebate for the wealthy.
The first question time since Treasurer Jim Chalmers handed down his third budget is underway. Watch it live.
The first question time since Treasurer Jim Chalmers handed down his third budget is underway. Watch it live.
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Within hours of handing down its third budget, Labor’s bold Future Made in Australia Plan has been thrown into doubt.
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Original URL: https://www.ntnews.com.au/business/economy/federal-budget/page/17