Aussies shares fall on US chaos, mining slump
The fallout from the CrowdStrike global tech outage and US President Joe Biden’s decision not to run again have helped push down the Australian sharemarket on Monday.
The fallout from the CrowdStrike global tech outage and US President Joe Biden’s decision not to run again have helped push down the Australian sharemarket on Monday.
A run-up in Aussie shares came to a halt on Friday, with a Wall St rout and mining sell off pushing the market into a sea of red.
A day after setting a new 52-week high, the Aussie sharemarket retreated at the closing bell on Thursday.
Analysts have largely agreed on how Thursday’s job data release will affect the Reserve Bank’s cash rate decision in two weeks time.
Ahead of the release of fresh inflation data, which is expected to show prices eased in October, the Aussie share market rallied on Tuesday.
Tens of thousands of ‘diverse’ homes are on the way under a new state government plan, despite bans by local councils.
Even Santa and his helpers can’t escape the country’s cost-of-living squeeze, with more Aussies set to turn out the lights on a beloved festive season tradition.
A top official at the UK central bank is set to make the move to Australia and join the Reserve Bank as it battles to tame persistent price pressures.
A new scheme which will enable the federal government to take an equity stake of up to 40 per cent in new or existing home purchases is one step closer with legislation set to be introduced to parliament.
A rebound in energy majors following a sell-off on Thursday saw the benchmark finish in the green on Friday.
Following a drop in oil prices after the delay of an OPEC+ meeting and a decline in iron ore prices, the Australian share market lost ground on Thursday.
RBA governor Michele Bullock has sparked backlash for suggesting Australians going for haircuts and dentist visits are to blame for high inflation.
Inflation is increasingly being driven by domestic factors, not those from overseas, RBA governor Michele Bullock says.
An advance in large cap stocks made up for losses in real estate and tech stocks, with the benchmark unchanged on Wednesday.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/62