Signs that a nascent recovery in the housing sector stumbled in March pushed the Australian dollar to its lowest since mid-April. The number of house-building permits fell 5.5 per cent in March, the most since July, curbing optimism that ...
Tags: Dollar, Housing Recovery
The sharemarket notched up its biggest gain for five weeks yesterday as the banks led broad-based gains thanks to lower-than-expected domestic inflation data and stronger offshore markets. The consumer price index rose 0.4 per cent in the ...
Tags: Renewed, Interest Rate
The sharemarket surged 1.7 per cent yesterday as banks led broad-based gains following lower-than-expected domestic inflation data and stronger offshore markets. The benchmark S&P/ASX 200 jumped 86.2 points to 5102.4 points as investors ...
Tags: Banks, Inflation Data
SHARES climbed yesterday following a rally in Japanese stocks and as some analysts saw potential for the Reserve Bank to cut interest rates next month. The benchmark S&P/ASX 200 closed up 0.7 per cent at a two-day high of 4966.6. The ...
Tags: economy
Australians are demonstrating a less cautious approach to spending money, with more consumers planning to use their credit cards this quarter, while savings will be less of a focus. The Dun and Bradstreet Consumer Credit Expectations ...
Tags: economy
The Australian dollar fell sharply in Asian trading yesterday on news that economic growth in China, Australia's largest trading partner, was much slower than expected in the first quarter of this year. At 5pm AEST, the dollar was buying ...
Tags: Aussie Dollar, GDP growth
THE Australian share market closed slightly higher due to strength among financial stocks. The gains came as the Reserve Bank of Australia held the cash rate at three per cent, equal to its lowest level on record. CommSec market analyst ...
Tags: economy
THE Australian dollar pushed higher during Asia trade today, helped by a weaker greenback and after the Reserve Bank of Australia said interest rate cuts are starting to flow through the economy, buoying market expectations that the bank's ...
Tags: economy
The dollar has opened near $1.042 as market players look ahead to the Reserve Bank of Australia's interest rate decision. At 7am AEDT, the Aussie was at $1.0422, steady with Thursday's local close. Australian markets were closed on Good ...
Tags: economy, dollar, Australian markets
The dollar pushed higher but the gaze of traders remained firmly on whether lawmakers in Cyprus can reach a deal on the proposed terms of an international bailout package. As part of a rescue package for Cyprus, European policymakers have ...
Tags: dollar, Aussie dollar, euros
The sharemarket has closed lower for a second straight day after giving up early gains during afternoon trading. At 4.15pm AEDT, the benchmark S&P/ASX200 index was down 28 points, or 0.56 per cent, at 4987.4 points. The broader All ...
Tags: Stocks, sharemarket, benchmark
The sharemarket continued its fall yesterday, dropping back below 5000 points even though European and US markets brushed off concerns that plans for a deposit tax in Cyprus could reignite the European debt crisis. The benchmark S&P/ASX ...
Tags: sharemarket, Stocks, European Debt
The Australian dollar rose to a five-week high yesterday after data showed the nation recorded its strongest monthly employment growth in almost 12 years last month, diminishing the chance of further immediate interest rate cuts that might ...
Tags: Australian dollar, dollar, Financial
An afterglow effect from Australia's stellar jobs numbers helped support the dollar in quiet trade today, although traders cautioned that further significant gains for the currency are unlikely in the near term. "Today the Australian ...
The dollar rose to a five-week high after data showed the country recorded its strongest monthly employment growth in close to 12 years in February, diminishing the chance of more immediate rate cuts that might push the currency lower. At ...