Chinese economic policy and an improving US economy appear to have achieved what the Reserve Bank couldn't this week: taking the wind out of Australia's plucky currency, which fell to 11-month lows in early trading yesterday and is expected ...
The sharemarket consolidated yesterday as high-yield plays reacted negatively to reduced hopes of further interest rate cuts following the release of stronger-than-expected domestic jobs statistics. Meanwhile, profit-taking pushed ...
Tags: Rates Forecast, economy
Local stocks rose 0.6 per cent today as investors piled into banks to take advantage of their dividend yields, and amid optimism that the country's biggest lenders would report rising profits this week and next. The benchmark S&P/ASX 200 ...
Tags: Local stocks, Stockmarket
The sharemarket rose 0.6 per cent yesterday as investors piled into banks to take advantage of their dividend yields, amid optimism the country's biggest lenders would report rising profits this week and next. The benchmark S&P/ASX 200 ...
Tags: sharemarket, Investors Banking
THE dollar has started the week on the back foot, after losing more than three quarters of a US cent late on Friday. At 5pm AEST today, the Aussie was at $US1.0283, down from $US1.0343 on Friday. The dollar started the local session ...
Tags: economy
THE dollar is back above $US1.04, thanks to weakness in the greenback and softer Chinese inflation figures. At 5pm AEST, the Aussie was at $US1.0424, up from $US1.0379 yesterday. Rochford Capital senior consultant Richard Breen said ...
Tags: economy
The Australian sharemarket closed higher after BHP Billiton's production report exceeded expectations and weak inflation figures drove up high-yielding stocks. At the close today, the benchmark S&P/ASX 200 index was up 8.7 points, or 0.18 ...
Tags: Stocks, inflation, sharemarket
The Australian dollar fell back slightly after an earlier rise on strong Chinese growth data. At 7am AEDT the Australian dollar was at 105.10 US cents, down from 105.23 cents on Friday. Official data released on Friday showed China's ...
Tags: Australian dollar, GDP, US cents
Energy bills are continuing to go up, which is really hitting the pockets of the poorest families in the UK and the latest inflation figures compiled by the Office for National Statistics (ONS) does little to temper fears. This data ...
Tags: Energy bills, inflation figures, energy prices, Gas
The Australian dollar was almost half a US cent lower after investors sold off the currency on Friday night in response to Chinese inflation figures. At 6.30am AEDT the Australian dollar was trading at 105.39 US cents, down from 105.82 US ...
Tags: Australian Dollar, Chinese inflation figures, currency, economy
The sharemarket ended a three-day losing streak yesterday as the latest earnings results from US aluminium giant Alcoa reassured investors in the resources-heavy domestic bourse, with high-yield and defensive sectors of the market well bid. ...
Tags: aluminium, Alcoa, market well bid, aluminium market