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Economics

Market Wrap PM

AAP  |  MONDAY, 21 JAN 2013
The Australian market has opened flat as investors gave a lukewarm response to US Congressional Republicans agreeing to temporarily raise the debt ceiling.

Repressed rally

BENJAMIN ONG  |  MONDAY, 21 JAN 2013
We're almost there, close to finishing the first month of 2013...and it's been so far, so good.

Market Wrap AM

AAP  |  MONDAY, 21 JAN 2013
The Australian market looks set to open higher after the Dow and the S&P 500 hit their best levels since late 2007, helped by news that Republicans might agree to raise the US' debt ceiling.

Market Wrap PM

AAP  |  FRIDAY, 18 JAN 2013
The Australian market is higher as news of Rio Tinto chief Tom Albanese's resignation drives up mining stocks.

Beggar me not my neighbour

BENJAMIN ONG  |  FRIDAY, 18 JAN 2013
It's war...currency war, that is. The Reserve Bank of Australia has (so far) refused to be dragged into the fight..

Market Wrap AM

AAP  |  FRIDAY, 18 JAN 2013
The Australian market looks set to open higher following strong performances on Wall Street and European markets overnight following positive US economic data.

Market Wrap PM

AAP  |  THURSDAY, 17 JAN 2013
Australian shares have opened flat as traders wait to see if the market surpasses a 19-month high reached after the New Year.

Debt ceiling forces US Treasury to suspend TSP contribs

ALEX DUNNIN  |  THURSDAY, 17 JAN 2013
Members of the US federal government and uniformed employees Thrift Savings Plan have had employer contributions into US government securities suspended as part the US Treasury's plan to avoid breaching the debt ceiling.

ASX rally won't last: UBS

MARK SMITH  |  THURSDAY, 17 JAN 2013
The stock market will not maintain its recent momentum through 2013, says Ben Heap managing director UBS (Aust/NZ).

US credit rating threatened, buy US bonds

BENJAMIN ONG  |  THURSDAY, 17 JAN 2013
Fitch warned America that it's got its scissors out, ready to snip an A off Uncle Sam's AAA rating.