Underlying inflation hits lowest number since early 2021. Rate cut expectations brought forward. Aussie shares a sea of green after US rebound. Sigma in trading halt pending shareholder meetings over Chemist Warehouse merger.
The Reserve Bank may resist cutting rates because its outlook is complicated by a strong jobs market, high government spending and a falling dollar, a new Deloitte Access Economics report says, despite underlying inflation moving towards the 2-3 per cent target band.
Seesaw day on the ASX following heavy falls across US tech stocks. Investors spooked following emergence of low-cost Chinese generative AI model DeepSeek. Goodman, NEXTDC, DigiCo, uranium stocks, Nuix fall hard.
The return of inflation into target range, allowing for a possible interest rate cut, will play a crucial role in the re-election chances of the Albanese government.
The regulator’s blockbuster action against the casino’s former directors is about to start. And the stakes couldn’t be higher.
Sticky inflation and stubbornly high interest rates are putting small business owners under huge pressure. Changes are needed, the nation’s peak lobby group for the sector says.
Premier David Crisafulli must immediately ‘reassess’ Queensland’s $130bn infrastructure pipeline to find budget savings, a leading economist says.
Unless we do something to turn around the faltering productivity, we will be less prosperous economically. The issue should be on the agenda during this year’s federal election campaign.
Australian retail supremo Solomon Lew had a first-hand view of how the now two-time US President tackled business deals and it offers plenty of lessons for leaders.
Markets are optimistic about the outlook for Trump’s policies, although a strong dollar and higher interest rate could eventually challenge US ‘exceptionalism’, says Westpac’s Luci Ellis.
Australian shares track US gains. Wesfarmers soars on upgrade. Goodman reverses intraday gain. Monadelphous, Synlait jump on updates but Kogan dives. Trump China comments lift stocks, $A. IGO creeps up despite hammer blow dealt to lithium plant.
Mining boss Jakob Stausholm says Australia needs to grasp the opportunities and ensure it does not price itself out of the market.
Median vacant land prices have soared in the September quarter putting further pressure on the federal government’s ambition for 1.2 million homes to be built over the next five years.
ASX down after most US stocks fell. Department store chain, Premier shareholders show huge support for merger. Bain boosts Insignia offer to $4.60 per share. Evolution drops on downgrades. Fortescue ships record amount of iron ore.
The $800m merger represents an all or nothing bet on the longer term future of Myer. And the retail billionaire Solomon Lew has big ambitions.
The new Trump administration’s massive spending plan will certainly flow through to a handful of Australian companies already enabling artificial intelligence.
The secret behind the steady exit of local investors from the Australian sharemarket is not so much the attraction of Wall Street, but the poor value offered by the ASX.
After a billion dollar bet, the Australian producer will deliver the first financial test of the new president’s pledge to ‘drill baby, drill’.
The ASX rises 0.3 per cent to a seven-week highs on positive US leads. Qantas shares soar on US peer gains. CBA, Goodman, NAB, Westpac, WiseTech top contributors. Paladin soars as operations improve. Iluka drops on estimates miss.
A red tape ‘razor gang’, a review of the tax system and a growth agenda are top of the Financial Services Council’s wish list for the next federal government.
Original URL: https://www.theaustralian.com.au/business/economics/page/3