RBA minutes to paint picture behind interest rate call More information on why the Reserve Bank chose to leave interest rates on hold for the seventh meeting in a row will be released on Tuesday. AAP · Oct 5, 2024
Strong September Jobs Report Puts Soft Landing in Sight: What the Experts Are Saying A blowout reading on nonfarm payrolls takes another jumbo-sized cut to interest rates off the table. Kiplinger · Oct 4, 2024
This week’s jobs numbers are very good news for Harris and Biden Jobs numbers blow past expectations as US economy adds 254,000 jobs The Independent UK · Oct 4, 2024
Bank of England chief economist urges caution over interest rate cuts Huw Pill’s comments come a day after governor Andrew Bailey raised prospect of ‘more aggressive’ cuts The Guardian - UK · Oct 4, 2024
The Guardian view on Andrew Bailey’s aggression: whatever traders think is true becomes fact Editorial: Balance of payments, interest rates, unemployment and inflation determine short-term currency prices, but they are dwarfed by foreign exchange speculation The Guardian - UK · Oct 3, 2024
Sterling drops after Bank of England boss hints at ‘aggressive’ rate cuts Pound reacts as Andrew Bailey tells Guardian borrowing costs could fall if inflationary pressures continue to ease The Guardian - UK · Oct 3, 2024
Pound heads for biggest fall in 18 months after Bank of England governor hints at ‘more activist’ rate cuts; Oil hits $77 per barrel – as it happened Andrew Bailey tells the Guardian the Bank could become a ‘bit more aggressive’ in cutting interest rates if news on inflation continued to be good The Guardian - UK · Oct 3, 2024
IMF backs RBA not cutting interest rates and says phasing out tax breaks for property investors would be ‘equitable’ ‘The RBA’s decision to maintain its restrictive policy stance in the near-term is appropriate,’ fund says in latest assessment report The Guardian - AU · Oct 3, 2024
Dollar Supported by Geopolitical Risks and Higher T-Note Yields The dollar index (DXY00 ) Wednesday rose by +0.48% and posted a 2-1/2 week high. The dollar rose on safe-haven support from escalating Middle East tensions. Gains in the dollar accelerated after bond yields jumped on the stronger-than-expected US Sep ADP employment report, a hawkish factor for Fed policy. Also,... Barchart · Oct 2, 2024
Dollar Gains on Middle East Tensions and US Labor Market Strength The dollar index (DXY00 ) today is up by +0.32% and posted a 2-1/2 week high. The dollar is climbing today on safe-haven support from escalating Middle East tensions. Gains in the dollar accelerated today after bond yields jumped on the stronger-than-expected US Sep ADP employment report, a hawkish factor... Barchart · Oct 2, 2024
Tougher than the GFC: why NZ’s small businesses may be in worse shape than in 2008 With rising costs and drops in consumer spending, small businesses have been struggling lately. The Conversation · Oct 1, 2024
Gold Coast high school students hospitalised after eating mushroom gummies – as it happened This blog is now closed The Guardian - AU · Oct 1, 2024
Dollar Climbs on Safe-Haven Demand from Middle East Tensions The dollar index (DXY00 ) Tuesday rose by +0.40% and posted a 1-1/2 week high. Escalating Middle East tensions boosted safe-haven demand for the dollar Tuesday after Iran launched a missile attack against Israel. The dollar also has carryover support from Monday when Fed Chair Powell said the FOMC is... Barchart · Oct 1, 2024
Generation dread: Aussies unprepared for money shocks Most Australians are unsatisfied with their finances, with just one quarter equipped to handle unexpected money issues, a survey has found. AAP · Oct 1, 2024
Barchart · Oct 1, 2024 Dollar Strengthens on Middle East Tensions and a Weak Euro The dollar index (DXY00 ) today is up by +0.33% at a 1-1/2 week high. The dollar has carryover support from Monday when Fed Chair Powell said the FOMC is in no hurry to cut interest rates. Also, weakness in the euro is boosting the dollar after EUR/USD slid to...
The Independent UK · Oct 1, 2024 Asian markets mixed, Japanese stocks rally from Monday's slump Asian shares are mixed, with Japan's Nikkei 225 index regaining some of its sharp losses from a day earlier
Barchart · Sep 30, 2024 Barchart- Commodity Market Roundup: September’s Top Performers and Underperformers Energy prices (sans natural gas) fell, while most other commodity prices rose in September as interest rates and the U.S. dollar declined.
Barchart · Sep 30, 2024 Dollar Gains and Gold Falls as Powell Says Fed in No Hurry to Cut Rates The dollar index (DXY00 ) Monday rose by +0.45%. The dollar Monday recovered from overnight losses and rallied moderately on hawkish comments from Fed Governor Bowman that reduced chances for a -50 bp rate cut at the November FOMC meeting when she said core inflation remains "uncomfortably" above the Fed's...
International Business Times · Sep 30, 2024 US Fed Chair Sees 'Further Disinflation' In Economy The United States is set to see inflation cool further towards policymakers' target, Federal Reserve chair Jerome Powell said Monday, with interest rates likely to come down over time, too.
StockNews.com · Sep 30, 2024 3 Value Stocks to Buy Now Before Wall Street Catches On Investing in value stocks is appealing now due to their strong long-term performance and affordability, as interest rates decline and inflation stabilizes, providing a lower-risk opportunity before Wall Street takes notice. Hence, it may be wise to add fundamentally strong value stocks like Stellantis (STLA), Centene (CNC), and Cardinal Health…
Barchart · Sep 30, 2024 Dollar Recovers Early Losses on Hawkish Fed Governor Comments The dollar index (DXY00 ) today is up by +0.15%. The dollar today recovered from overnight losses and is moderately higher on hawkish comments from Fed Governor Bowman that reduced chances for a -50 bp rate cut at the November FOMC meeting when she said core inflation remains "uncomfortably" above...
The Independent UK · Sep 30, 2024 Housing market ‘is reviving’ amid growth in house prices and mortgage approvals Figures released on Monday showed a two-year high in annual house price growth and mortgage approvals for house purchase.
Evening Standard · Sep 30, 2024 Why are London's house prices rising faster than they have in years? The average UK house price increased by 3.2 per cent annually in September, Nationwide Building Society reports
International Business Times · Sep 30, 2024 Tokyo Stocks Dive On Strong Yen As Hong Kong, Shanghai Extend Rally Stocks plunged more than four percent in Tokyo on Monday after the yen surged in reaction to Shigeru Ishiba's election last week as the head of Japan's ruling party, which boosted expectations the Bank of Japan will continue hiking interest rates.
The Guardian - UK · Sep 29, 2024 Number of UK estate agents going bust rises almost a third in one year Higher interest rates puts further pressure on property market, with overall transactions at lowest level in a decade