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Economics

Market wrap

AAP  |  FRIDAY, 8 MAY 2015
The share market is up by almost one third of a per cent, with the banks leading the recovery after two days of heavy losses.

Next stop: US payrolls

BENJAMIN ONG  |  FRIDAY, 8 MAY 2015
Perhaps, this is because the selling was overdone. Perhaps, the unbelievers have been weeded out of the markets. Perhaps, because it's May and many just went away.

Market Wrap AM

AAP  |  FRIDAY, 8 MAY 2015
The Australian market looks set to open a touch lower, as gains on Wall Street offset losses in the local market on Thursday.

Market Wrap PM

AAP  |  THURSDAY, 7 MAY 2015
The major banks have clawed back some losses, but continue to weigh on the broader share market.

Bond bears out of hibernation

BENJAMIN ONG  |  THURSDAY, 7 MAY 2015
Very near-term, it could get ugly especially if Friday night's US non-farm payrolls report comes in stronger than market expectations for it would spark another bout of "lift-off tantrum".

Market Wrap AM

AAP  |  THURSDAY, 7 MAY 2015
The Australian market looks set to open lower after US stocks lost ground overnight.

CBA shares down on flat profit

AAP  |  WEDNESDAY, 6 MAY 2015
Commonwealth Bank shares have fallen to their lowest level in more than three months after it posted a flat $2.2 billion quarterly cash profit.

Market Wrap PM

AAP  |  WEDNESDAY, 6 MAY 2015
A disappointing quarterly result from the Commonwealth Bank is weighing down the broader share market.

Falling cash rate puts gold in 'sweet spot'

LAURA MILLAN  |  WEDNESDAY, 6 MAY 2015
Global demand for physical gold has jumped on the back of data that shows returns have exceeded 20% per annum when real interest rates have fallen below 2%.

RBA cuts as expected, A$ does the unexpected

BENJAMIN ONG  |  WEDNESDAY, 6 MAY 2015
This is it -- the last and final cut. The RBA would from hereon depend on the US Federal Reserve's kindness which it expects "to start increasing its policy rate later this year" to do what it has only limitedly done for the Australian dollar.