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Economics

Market Wrap - PM

AAP  |  THURSDAY, 8 NOV 2012
Australian stocks are more than one per cent lower as weakness in the finance and resources-linked sectors lead broad-based declines.

Obama victory ignites fiscal cliff fears

MARK SMITH  |  THURSDAY, 8 NOV 2012
A political quarrel surrounding the US fiscal cliff looks set to become the focal point for investors after Barrack Obama's narrow victory in the presidential race.

Reliance on improving global economy threatens big-four in 2013

MARK SMITH  |  THURSDAY, 8 NOV 2012
The annus horribilis that Australia's big-four banks expect to define 2013 could become a present reality if too much of their fortunes are hitched to an expected strengthening global economy following the re-election of US President Barrack Obama yesterday ...

Market wrap AM

AAP  |  THURSDAY, 8 NOV 2012
The Australian market looks set to open lower after Wall Street tumbled following US President Barack Obama's re-election, with investors now seeing a tough battle with Republicans over a looming "fiscal cliff".

RBA holds rates but deploys rhetoric as magic pudding

MARK SMITH  |  WEDNESDAY, 7 NOV 2012
Reserve Bank governor Glen Stevens can hold off policy adjustments if rhetoric can help get the economy moving again, according to Instreet managing director George Lucas.

Market Wrap - PM

AAP  |  WEDNESDAY, 7 NOV 2012
Australian stocks are slightly higher after positive leads from Europe and Wall Street.

Big four prepare market for annus horribilis 2013

MARK SMITH  |  WEDNESDAY, 7 NOV 2012
Australia's big four banks have posted combined cash earnings of more than $25 billion, but bank chiefs, analysts and investors alike have focused on concerns about the sustainability of returns in a tough environment. (Part one of a two-part story)

RBA says its ok

BENJAMIN ONG  |  WEDNESDAY, 7 NOV 2012
"... the Board judged that the stance of monetary policy was appropriate for the time being."

Market wrap early AM

AAP  |  WEDNESDAY, 7 NOV 2012
The Australian market looks set to open higher following strong gains on Wall Street as Americans head to the polls in the presidential election..

Market Wrap - PM

AAP  |  TUESDAY, 6 NOV 2012
Australian stocks have opened flat in quiet trade as market players await a Melbourne Cup day interest rate decision from the central bank.