Aussie shares flat before pivotal Fed moment
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 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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With household borrowers desperately holding out for an easing in interest rates, traders on Monday trimmed their rate cut bets.
Ahead of the Reserve Bank’s second meeting for the year, the share market edged higher on Monday even as property stocks lost ground.
South Australia is moving to entrench wide-ranging protections for renters and prospective tenants struggling to lock down a place to stay.
Aged Care Minister Anika Wells said overseas issues were putting pressure on prices, causing Australia’s cost of living crunch
Aussie equities fell on Friday, as iron ore dragged and investors grappled with hotter-than-expected US inflation data.
Low but rising unemployment and plunging commodity prices could mean less room for cost of living relief come the May budget.
Snapping a two-day winning streak, Australian shares sank on Thursday.
A leading Australian retailer has announced its newest chief executive on the same day it revealed half-year profits of more than $50m.
An Australian bank has hiked its interest rates, as new data reveals the shocking rise in average mortgage payments since the pandemic.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/46