Aussie shares rebound on Wall St uplift
The Australian sharemarket has lifted to break a three-day losing streak on Tuesday on the back of an tech-led Wall St rebound.
The Australian sharemarket has lifted to break a three-day losing streak on Tuesday on the back of an tech-led Wall St rebound.
One of Australia’s biggest banks has just delivered a big gift to Aussies desperate to lock down a home of their own.
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 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.
Spending patterns reveal a stark divide between generations as cash-strapped Gen Z and Millennials cut back on essentials while Boomers splurge.
Despite a fresh warning the RBA is still prepared to hike interest rates, markets were buoyed from a rally by iron ore miners.
As the Reserve Bank mulls a 14th rate hike, freshly minted governor Michele Bullock has warned current levels of wages growth are unsustainable.
The risk of more rate hikes in the months ahead would have increased had the RBA opted against increasing rates on November 7, fresh meeting minutes have revealed.
Original URL: https://www.thechronicle.com.au/business/economy/interest-rates/page/63