Bouncing $A a concern for RBA
The RBA has forecast only a modest recovery in growth, and unemployment lifting further to about 10 per cent.
The RBA has forecast only a modest recovery in growth, and unemployment lifting further to about 10 per cent.
Australia’s S&P/ASX 200 share index slipped 0.1pc by the close in quiet trading, while the Aussie dollar was stronger after the release of RBA minutes.
Australia’s share market has closed slightly higher, led by resources stocks and encouraged by the re-start of AstraZeneca COVID vaccine trials.
The idea of issuing massive amounts of sovereign debt with little or no negative ramifications, is no longer unthinkable.
Investors big and small are turning to derivatives and that’s going to keep things interesting.
The Australian sharemarket is in for a cautious start to the week following mixed overseas leads.
Australia’s share market posted a solid intraday bounce on the back of gains in US futures, but was still down 0.8pc on Friday.
Shares settled to a 0.5% gain, as AMP’s chief tells a parliamentary committee the past few months have been the most challenging of his life.
When the bulls dominate, they tend to keep winning for a while before the steam runs out, says Richard Coppleson.
The owner of the Amcal, Guardian and other chemist brands, says it has the cold-chain storage network needed to deliver COVID-19 vaccines across the country.
Just one of the top 50 stocks managed to turn a gain as the ASX fell to its lowest close since June and meat processor JBS unveiled 600 job cuts.
The benchmark S&P/ASX 200 index lost $41bn of market capitalisation amid broadbased falls.
Will a blockchain-based settlements and clearing system revolutionise the market?
Australian tech stocks remain on the back foot in the face of surprising strength in growth and value plays.
Shares closed at daily highs as miners and CSL lifted, while travel names gained ground and Jefferies highlighted market risk from China tensions.
The extension of Victoria’s lockdown weighed on Transurban, but did little to hamper recovery in the major banks, while the newest BNPL stock jumped 45pc.
Australia’s goods exports to China fell by more than 26 per cent in August, taking total exports down by 7.5 per cent over the year.
Over-exposure to the ASX through super funds is undermining the nation’s retirement system, says the chief of the $8bn boutique investor Koda.
Analysts say last week’s US tech sell-off was likely technical and not a big change of direction, but the gains of recent months may be tough to repeat.
US stocks swung wildly Friday and ended the session modestly lower, capping a turbulent two-day stretch of trading.
Original URL: https://www.theaustralian.com.au/business/markets/page/199