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Economics

Market wrap PM

AAP  |  FRIDAY, 7 DEC 2012
Australian stocks have opened firmer amid broad-based gains with the big banks and miners all higher in early trade.

Rebalancing growth smoothly Australia's key challenge: Bloxham

MARK STORY  |  FRIDAY, 7 DEC 2012
With the commodity prices having peaked, the economy is finally freed up to rebalance growth in 2013-14 away from mining and towards other sectors, according to Paul Bloxham HSBC chief economist Australia and NZ.

Market wrap AM

AAP  |  FRIDAY, 7 DEC 2012
The Australian market is likely to open higher after gains on markets in Europe and the United States.

It's just plain dumb

BENJAMIN ONG  |  FRIDAY, 7 DEC 2012
I don't think any Australian would complain if the 2012/13 budget shows a small deficit instead of a small surplus.

Market Wrap

AAP  |  THURSDAY, 6 DEC 2012
The Australian market opened slightly higher after budget talks in Washington indicated that US politicians were willing to compromise to avoid falling off the "fiscal cliff".

Something's gotta give

BENJAMIN ONG  |  THURSDAY, 6 DEC 2012
The point is that economic stats and surveys that will be released over the next few weeks would play second fiddle to the fiscal cliff at best or have no significant bearing on the US economic outlook at worst.

Market Wrap

AAP  |  THURSDAY, 6 DEC 2012
The Australian market is set for a modestly higher open higher after a surge in bank stocks fuelled gains on Wall Street.

Tough turkey for retirees this Christmas

MARK SMITH  |  WEDNESDAY, 5 DEC 2012
While the latest RBA rate cut is an early Christmas present to Australia's mortgage payers, retirees are in for a tougher festive period, says National Seniors chief executive Michael O'Neill.

Market wrap

AAP  |  WEDNESDAY, 5 DEC 2012
Australian stocks have opened firmer, with banking stocks among the better performers in early trade.

Down, down interest rates are down

BENJAMIN ONG  |  WEDNESDAY, 5 DEC 2012
If the RBA wants to repeat its success of seeing a stronger economy as it did back in 2009, my back of the envelope calculation shows that interest rates would need to come down much, much lower.