Rates response by RBA: cut, cut and more cuts
The Reserve Bank is almost certain to cut interest rates next month and follow up with as many as three further reductions this year, traders say.
Economics
Trump’s Liberation Day shock has bosses reeling
Business leaders have agonised over a global economic hit from US President Donald Trump’s sweeping intervention on tariffs, which will ripple through world trade and inflate costs.
The bigger worry is the tariff bomb Trump has set off in Asia
Asia is the heart of the world’s manufacturing hub with Australia at the start of a complex supply chain. Despite relatively mild tariffs on our exports, Asia’s hit will be seismic.
UK braces for recession while EU prepares to retaliate
The UK is looking to shore up impacted businesses but is ‘staying calm’ while the European Union considers how to retaliate against Donald Trump’s tariffs.
Radical Albanese schools ‘dumb’ Trump in Economics 101
A day after dabbling with dismal science fictions on productivity, wages and inflation, the Prime Minister has sensibly gone back to basics.
ASX claws back ground after billions wiped in day of carnage
On a day in which $58bn was initially wiped from the value of Australian stocks, the ASX limped home from tariff shock in a less perilous state but experts say a big correction is on the way.
Apple shares crash on trade war
More than $470bn has been blasted off Apple’s market value – the largest one-day wipeout ever; Aussies risk potentially paying more for iPhones.
There are two roads ahead for Star, both lead to dead ends
NSW pulled the pin on Star’s much-needed financing deal leaving Star boss Steve McCann with limited options. This is what comes next.
New Reserve policy setting board, same result
The first meeting of the new-look RBA policy-setting board has come out with the same result one would expect from the former arrangement.
RBA reveals the effects of Australia’s exposure to trade war
RBA governor Michele Bullock says Australia potentially faces slower growth and higher inflation thanks to the global trade conflict brought on by the Trump administration.
RBA ‘well placed’ to deal with Trump tariff fallout
Jim Chalmers on Tuesday immediately looked to the potential for a May rate cut, as he said the mooted post-election RBA shift would be a result of Labor’s strong economic management.
Coalition’s homebuyer pledge is no game changer, say analysts
Financial analysts say the Coalition’s plan to ask regulators to relax the ceiling on borrowers risks increasing house prices while creating only a small benefit.
Where’s my RBA rate cut? Blame Trump’s tariffs
Australia’s central bank is trying to war game how tariffs will impact inflation and global growth. The real answer is it doesn’t know.
Capitalism has ‘failed too many’: Larry Fink
The BlackRock boss has put forward a defence for globalisation as he argues markets hold the key to creating more evenly distributed wealth.
Campaign, tariff threat keep RBA on the sidelines
The Reserve Bank is set to keep interest rates unchanged on Tuesday as it awaits the outcome of the May 3 election and the impact of US President Donald Trump’s tariffs.
RBA should cut rates as global economic outlook sours
The Reserve Bank’s newly-formed monetary policy board needs to get down to business quickly and debate the merits of an immediate interest-rate cut when it gathers for its first meeting this week.
Richard White shown how it’s done in the boardroom
A new Qantas chairman is quietly rebuilding a board dogged by scandal. The tech billionaire should take notice.
ASX expected to fall on the back of Wall St’s tumble
The Australian sharemarket is expected to move lower on Monday, but the mining giants could provide a degree of support.
Minority rule would be a disaster, say CEOs
The role of the Greens and teals in the 2025 federal election is striking fear into the hearts of some business leaders. Others just want to get on with governing.
No need for Trump to hit Australia: US trade expert
The chief US negotiator of America’s free-trade agreement with Australia says there is no compelling reason for Canberra to be targeted in Donald Trump’s planned tariffs.
Productivity fix overdue but parties can act, say business leaders
Labor and the Coalition need to adopt an ‘Australia first ethos’ to turbocharge flatlining productivity and bolster competitiveness, say business leaders.
The risk posed to shares by a ‘hung’ federal parliament
Investors are taking a wait-and-see approach to the federal election on May 3 but a close result or even a minority parliament formed with the help of independents would not go down well.
Surprising fallout from the instability of an unchecked Trump
Business likes certainty and Donald Trump is the antithesis, even if his supporters say his programs will translate into longer-term growth. Meanwhile, growth stocks are gaining traction.
RBA sidelined during election, but has the damage been done?
Albanese has declared he wants to make this election about the cost of living. The real test will be on how forgiving voters are prepared to be on interest rates.
Cracks showing in private credit
Money managers are spruiking the next evolution in private lending, but cracks are appearing just as retail investors step in.
Uranium the trump card in US trade talks
Australia should use uranium as a bargaining chip in trade talks with the US aimed at lessening the effect of tariffs, says the Minerals Council.
Economists warn Dutton’s petrol excise cut risks rekindling inflation
The Coalition’s proposal to slash costs at the bowser risks rekindling inflation, threatening to further delay interest rate relief.
Politics v economics: Why Dutton is cutting fuel excise
The danger is these relief measures can get out of hand, blowing up the budget and being counter-productive.
Markets are underpricing the risk of a US recession, says JPMorgan
The latest shot in Donald Trump’s trade war caused barely a ripple on global markets, but the risk of recession is now at an ‘uncomfortably high’ level.
Tariffs won’t derail ‘golden era’ of US: Blackstone boss
The powerful Wall Street investor says markets need to hold their nerve and focus on the long term opportunities powering the world’s biggest economy.
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