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Economics

Market Wrap AM

AAP  |  TUESDAY, 22 OCT 2013
The Australian market looks set to open slightly higher following a mixed performance on international markets as investors await key US jobs figures.

Market Wrap

AAP  |  MONDAY, 21 OCT 2013
Australian stocks have jumped to fresh five-year highs in response to gains on global stock markets on Friday night.

Market Wrap AM

AAP  |  MONDAY, 21 OCT 2013
The Australian market looks set to open higher following strong gains on Wall Street that took the S&P 500 to a new all-time high and gave the Nasdaq a 1.3 per cent gain.

While America was shuttered

BENJAMIN ONG  |  MONDAY, 21 OCT 2013
We now resume normal programming, now that the 2013 season of Washington's "when the shutdown meets the ceiling" theatre is over.

Market Wrap

AAP  |  FRIDAY, 18 OCT 2013
The Australian share market is up and approaching five-and-a-half year highs after shares in the US hit all-time highs overnight.

Calendar says buy

BENJAMIN ONG  |  FRIDAY, 18 OCT 2013
Never you mind that S&P Ratings Services calculates that the 16-day shutdown sliced 0.6% off US fourth quarter GDP growth from around 2.2% to 1.6%. That sort of growth keeps Fed taper at bay.

Market Wrap AM

AAP  |  FRIDAY, 18 OCT 2013
The Australian market looks set to open higher after Wall Street closed higher for a second straight session on rising optimism about a Washington deal to avert a debt default.

Market Wrap

AAP  |  THURSDAY, 17 OCT 2013
Australian shares are half a per cent higher after the US Congress appeared ready to raise the debt ceiling.

Last minute deal

BENJAMIN ONG  |  THURSDAY, 17 OCT 2013
And herein lies the problem. Washington politicians see the whole budget and debt ceiling issue as a contest where one side has to win and the other bites the dust.

Market Wrap AM

AAP  |  THURSDAY, 17 OCT 2013
The Australian market looks set to open higher after US Senate leaders reached a deal for a temporary budget and to extend the debt ceiling, ending the government shutdowm.