The Reserve Bank of Australia officially joined the hiking party this month, and while the implications for Australian homeowners and businesses is important, it has little impact on the global economy.
“Patience is a virtue” may well be the best way to explain the performance of the Australian sharemarket in the March quarter.
The local market closely followed the global lead with the S&P/ASX200 experiencing its worst session since Russia invaded Ukraine. All 11 sectors of the market were lower with technology and real estate the hardest hit, down 4.5 and 3.4 per cent for the day, whilst consumer staples naturally outperformed, falling just 0.2 per cent behind…
The Australian share market followed Wall Street on Thursday, sharing the American market’s optimism that the Federal Reserve could tame inflation without triggering a recession. The benchmark S&P/ASX 200 index finished Thursday up 60 points, or 0.8 per cent, to 7,364.7, while the broader S&P/All Ordinaries gauge rose 74.4 points, or just under 1 per…
During March, Australia’s sharemarket unexpectedly claimed pole position against the majority of the world’s larger and more developed markets.
The near $1 billion Martin Currie Real Income Fund has been preparing for an outbreak of inflation since 2021, according to Ashton Reid, Portfolio Manager of the domestically focused strategy.
“We are at a critical crossroad, with an aging population, and the “Great Australian Wealth Transfer” at our doorstep” explained Lifespan Financial Planning CEO Eugene Ardino in an open letter to Scott Morrison and Anthony Albanese on the eve of the Federal Election.
The first day of a new interest-rate environment was a slight downer for the Australian share market, with the benchmark S&P/ASX 200 easing 11.5 points, or 0.2 per cent, to 7304.7 points. The gauge has lost 1.8 per cent this week, to be down 1.9 per cent since the start of the year. The S&P/All…
The first interest rate hike in Australia in 11-and-a-half years took centre stage on the Australian markets yesterday. The Reserve Bank of Australia (RBA) lifted the cash rate by 25 basis points, or 0.25 percentage points, taking it to 0.35 per cent, and signalled that more rate rises were ahead, as the central bank seeks…
From the outset, it is important to highlight that I do not disagree that interest rates should be higher than the current ’emergency’ settings by the Reserve Bank of Australia.
