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Showing 21 - 30 of 490 results for %22May 27 record close%22

Economic recap: Week to November 26

BENJAMIN ONG  |  MONDAY, 29 NOV 2021
... now bet that the RBA wouldn't be far behind. As per Bloomberg, "Swaps markets are fully pricing in a 15 basis-point hike in May that would take the cash rate to 0.25% from the current record-low 0.10%, then two more quarter-point rises -- with the chance ...

IOOF restructures technology division

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... completion and has identified opportunities to accelerate product and platform simplification, subject to further evaluation, which may change the original technology approach." The diversified financial group noted that accelerating product and platform ...

Economic recap: Week to July 9

BENJAMIN ONG  |  MONDAY, 12 JUL 2021
... slowed to a lower than expected 63.7 in June from 68.7 in the previous month. The services PMI weakened to 64.6 from 70.4 in May while the manufacturing PMI was unchanged at 62.1 (although it slipped from the preliminary reading of 62.6). This is consistent ...

Chief economist update: Delta variant infects Australian economy

BENJAMIN ONG  |  TUESDAY, 29 JUN 2021
... labour market stats indicate that economic growth will continue to progress going forward. Employment increased by 115,200 in May - way above consensus expectations for a 30,000 gain and more than offsetting the 30,600 lost in the previous month and ...

Chief economist update: UK not there yet

BENJAMIN ONG  |  FRIDAY, 25 JUN 2021
... financial markets. For while the BOE upgraded its GDP growth forecast to 5.5% in the June quarter from the 4.25% estimated in May and forewarned that "CPI inflation is expected to pick up further above the target... and is likely to exceed 3%", the BOE ...

Chief economist update: The (dot) plot thickens

BENJAMIN ONG  |  THURSDAY, 17 JUN 2021
... gauge' - 6.6% jump on the day, at a reading of 18.15, it's still lower than the most recent peak of 27.59 it hit on May 12 and this year's high of 37.21 recorded in late January. Financial market participants, it seems, paid closer attention ...

Chief economist update: Home sweet home

BENJAMIN ONG  |  MONDAY, 7 JUN 2021
... CoreLogic's home value index shows that the "five city capital aggregate" index increased by another 2.3% in the month of May (from April's 1.8%) to be 9.1% higher from a year earlier. Not only that: "CoreLogic's research director Tim Lawless ...

ATO cracks down on crypto

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... is cracking down on cryptocurrency investors to report capital gains and losses in their tax returns after fears investors may think they are tax-free. The ATO estimates that 600,000 taxpayers have invested in crypto assets in recent years and will be ...

Chief economist update: China and Australia's interdependence

BENJAMIN ONG  |  WEDNESDAY, 26 MAY 2021
... has sent iron prices down by 3.9% to US$207.01 per tonne from the all-time high close of US$215.48 a tonne recorded in early May. China's also reportedly increasing domestic iron ore exploration efforts and seeking other overseas suppliers to reduce ...

Australia is coming back: Frydenberg

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... outcomes have surpassed even the most optimistic of expectations. With close to one million jobs added to the economy since May 2020, employment levels have more than recovered the losses seen through the pandemic to reach record highs," budget papers ...