At its last meeting for 2024, the Reserve Bank of Australia’s board seemed to indicate that it was contemplating a cut in the policy rate within six months. Weaker-than-expected private sector activity growth, together with softer wage increases, made the board say that it was “gaining some confidence that inflation… Read More »A February interest rate cut is a goer if RBA changes one thing
Australian shares are set to start the week on a sour note after a surprise jump in US jobs creation hammered hopes for an imminent interest rate cut from the Federal Reserve. S&P/ASX 200 futures fell 71 points, or 0.9 per cent, in US trading. The Australian dollar tumbled 0.8… Read More »ASX to fall, $A at pandemic-era low
It’s really not as simple as saying good news on the economy was treated as bad news on Wall Street. Yes, the S&P 500 shed 1.5% Friday, after December payroll growth of 256,000 was 100,000 above forecasts and the unemployment rate fell a tick to 4.1%. But the mini-market tantrum is less about disliking… Read More »Behind the stock sell-off and whether the bull market is at risk
Amazon has turned into an online ad juggernaut in recent years, with brands paying big bucks for premium placement on the retailer’s websites. Now, Amazon is letting other sites use its ad technology for their own stores. The new offering, called Amazon Retail Ad Service, allows companies to show “contextually relevant ads in… Read More »Amazon aims to expand advertising business by letting retailers use its ad tools on their stores
Woodside Energy, Santos and Australia’s cohort of LNG exporters are bracing for a wave of fresh supply of the shipped form of natural gas that will start hitting the market this year, bringing with it the possibility of lower prices. The long-flagged jump in new LNG production, mostly from North… Read More »LNG exporters brace for wave of new supply
Australian shares are poised to rise on Friday, with a lift in the iron ore price likely to boost miners. ASX futures predicted the S&P/ASX 200 Index would rise 33 points or 0.4 per cent at the open, reversing minor losses in the previous session, when the ASX closed down… Read More »ASX to rise, $A hits new two-year low
What if $1 million fell into your lap? With trillions due to be transferred between generations over the next decade, a lot of Australians are in for a windfall. Residential property will be the go-to for many, although low-cost index funds have revolutionised investing, especially among younger people. But there’s a world outside… Read More »Where to invest $1m right now
The S&P 500 posted a modest gain on Wednesday as traders assessed the potential for future Federal Reserve rate cuts amid persistent inflationary pressures. The broad market index added 0.16%, closing at 5,918.25, while the Nasdaq Composite slipped 0.06% to 19,478.88. The Dow Jones Industrial Average outperformed, rising 106.84 points, or 0.25%, to end at 42,635.20.… Read More »S&P 500 ekes out narrow gain as investors shake off Fed’s inflation warning: Live updates
Check out the companies making headlines in midday trading. eBay – Shares jumped almost 10% and touched 52-week highs after announcing that Meta is testing using its listings on Facebook Marketplace. Buyers from Facebook will be redirected to eBay to complete transactions. The gain put the stock on track for its best… Read More »Stocks making the biggest moves midday: Edison International, eBay, Getty Images and more
The chances of the Albanese government getting a pre-election boost from a February rate cut have risen, according to economists, who say softer-than-expected inflation figures show price pressures are cooling. Treasurer Jim Chalmers said inflation had been at the lower end of the RBA’s 2 to 3 per cent inflation… Read More »Soft inflation data brings February rate cut into sight