In today’s video update Kris looks at the last Australian GDP number from the ABS and assesses the impact this has had on the stock and bond markets…
When it comes to converting currency, I try to avoid the banks at every point I can. Fortunately, in today’s world we can use peer-to-peer currency exchanges to beat the banks.
Lower petrol prices have taken out some of the pressure for higher wage demands, as the lower cost is a straight cash benefit to motorists.
A cut today will see a short term fall in the Aussie Dollar, but it’s likely it will trade higher once again when the ‘effect’ of the rate cut has worn off.
Is this the cosmos saying that the government’s new budget is in tatters already? As far as signs go, it looks like a pretty obvious one to me.
The RBA decided to cut the cash rate by 0.25%, to 1.75%. Their rationale for doing so was to prop up inflation.
There’s a perennial problem when you read anything about finance. Most of it is junk economics based on theory, not facts.
China was a hot topic for the RBA. The RBA was concerned over recent Chinese economic data, which was weaker than expected.
The Aussie Dollar's latest rally started in March. And if we want to get more specific, the rally kicked off at exactly 2:00pm AEST, 1 March.
BlueScope Steel announced an underlying profit increase of 116% to $200.1 million. But was this the true performance of the business?