Money markets are still pricing in two more interest rate cuts this year, despite Reserve Bank of Australia governor Michele Bullock saying she does not have the same confidence after easing monetary policy for the first time since 2020. The central bank cut the cash rate on Tuesday by 25… Read More »Market tips two more rate cuts despite RBA caution
The S&P 500 closed at a record high Tuesday after stocks rallied seconds before the closing bell, as investors shook off headwinds on the global trade and inflation fronts. The broad market index gained 0.24% to a record close of 6,129.58, after touching an intraday record of 6,129.63 before the… Read More »S&P 500 sets fresh record as stocks rally into the close
Asia-Pacific markets traded mostly higher Monday, as investors parsed Japan’s fourth-quarter economic growth data, while awaiting a slew of central bank decisions from the region this week. Japan’s Nikkei 225 traded around the flatline to close at 39,174.25. while the Topix added 0.28% to close at 2,766.9. South Korea’s Kospi added 0.75% to close… Read More »Tencent shares at highest in over three years; Asia-Pacific markets mostly higher
Aurizon has resurrected the possibility of splitting up apart its rail haulage and rail tracks businesses as the Brisbane-based company’s earnings slide and its share price hovers close to historic lows. Aurizon’s stock has lost almost one-fifth of its value over the past 12 months – despite a share buyback… Read More »Aurizon revisits splitting rail network from haulage business
The Australian dollar could soar on Tuesday should the Reserve Bank of Australia hold fire in cutting interest rates, wrong-footing the market that has a lot of money riding on some rate relief. The Australian dollar is already trading at a two-month high of US63.72¢ thanks to soft US economic data… Read More »$A set to soar if RBA holds fire on rates
Fund managers are tipping that this week’s widely expected interest rate cut from the Reserve Bank of Australia will broaden out the sharemarket’s rally to the more rate sensitive sectors, including property stocks and retailers. When the RBA meets on Tuesday for its first board meeting of 2025, financial markets… Read More »Here’s how fund managers will trade the RBA’s rate decision
Federal Reserve Governor Michelle Bowman said on Monday that while monetary policy “is now in a good place,” she wants to see data reflect more progress on inflation before cutting interest rates further. “I would like to gain greater confidence that progress in lowering inflation will continue as we consider… Read More »Fed Governor Bowman says more progress on inflation is needed before further rate cuts
Amazon workers at a facility near Raleigh, North Carolina, overwhelmingly voted against unionizing on Saturday. Of the 3,276 ballots cast, there were 2,447 votes opposing the union and 829 in favor, according to the National Labor Relations Board. There were 77 challenged ballots, a gap that’s too narrow to change the… Read More »Amazon workers reject union in vote at North Carolina warehouse
There are few debates that divide the nation more than interest rates, where they should be, and where they should go. It does not get more heated than the one we’re having ahead of Tuesday’s momentous Reserve Bank rate decision. A reduction in the cash rate for the first time… Read More »Is the market really sold on a February rate cut?
The Reserve Bank is widely expected to deliver its first cash rate reduction in five years this week, but the decision will be a line-ball call as economists warn that persistently high labour costs could keep inflation elevated. Money markets on Sunday implied a 96 per cent chance the RBA… Read More »Markets expect ‘hawkish’ interest rate cut from RBA this week