Surprising reason behind spending splurge
Economic activity jumped last month, but Australia’s biggest bank warns the frothy spending could be temporary.
Economic activity jumped last month, but Australia’s biggest bank warns the frothy spending could be temporary.
The Australian sharemarket lifted on Tuesday on the back of a rally in energy stocks and some relief from a rattled Wall St.
Aussies and business are growing increasingly fearful of a stagnating economy, with new concerns about potential job losses.
The Aussie share market finished the week, and the reporting month of August, in the green as it marked the third straight week of gains.
The Australian sharemarket closed flat at the end of the Friday trading session, bringing to an end its worst week in almost a year.
The Australian dollar has continued a major downward spiral today — dropping almost a full percentage point to a nine-month low.
The banks buoyed the Australian share market on Wednesday, after the Commonwealth Bank posted its full-year report.
Original URL: https://www.themercury.com.au/business/markets/australian-dollar/page/42