St George Economics economy and finance update
SENTIMENT was bolstered by stronger US home sales, news that Italy had formed a new government and hopes that the ECB will lower interest rates.
SENTIMENT was bolstered by stronger US home sales, news that Italy had formed a new government and hopes that the ECB will lower interest rates.
AUSTRALIANS are bracing for the worst ahead of next month’s Federal Budget, with an Essential poll showing just 12% of people think it will be good for them.
MORTGAGE holders are often told that making more frequent repayments will help to repay a home loan sooner.
EQUITY markets were soft on Friday night with all major European markets down and the US S&P 500 down 0.2%.
SHARE markets continued to be well-supported given hopes of further monetary policy easing.
TREASURER Wayne Swan welcomed inflation figures putting the nation’s consumer price index at 2.5% in the year to March on Wednesday.
INFLATION jumped 2.5% in the past 12 months, with a 0.4% rise in the March quarter, the latest Consumer Price Index data revealed on Wednesday.
SENTIMENT was broadly positive, despite some disappointing data from the US.
QUEENSLAND and New South Wales sit in the middle of Australia’s three-speed economy, a CommSec report revealed on Monday.
WHEN coal prices boomed, so did Rio Tinto. They were also forced to pay top dollar for workers as a skills shortage pitted mine companies against one another.
SHARE markets were lacklustre, and were weighed down by disappointing US data.
SENTIMENT was weighed down by disappointing earnings results, and the rally in equity markets since the beginning of this year continued to take a breather.
THE US stockmarket had a strong session last night, with upbeat earnings from Coca-Cola and Johnson & Johnson boosting sentiment.
EQUITY markets were hit by weaker than expected economic growth in China and by weaker than expected manufacturing growth in the New York region.
THE optimism supporting share markets continued for the fourth consecutive session, driving the Dow and S&P500 indices to new record highs.
THE positive mood in financial markets continued last night, which drove both the Dow and S&P500 to historical highs.
FROM Heathrow to Hong Kong, to Shanghai’s Pudong, the international traveller is confronted by giant billboards pushing the latest in global luxury.
LUXEMBOURG'S secretive banking system will be forced to share information with the rest of the EU following growing pressure to clamp down on tax dodgers.
THE quality of an 8000-hectare nature reserve will determine whether it is bulldozed for a $6.5 billion coal mining project planned for Central Queensland.
THE US Dow Jones index reached a record high overnight as optimism rose regarding the underlying health of the economy.
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