Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Economics

Beware the Budgets

BENJAMIN ONG  |  MONDAY, 11 MAY 2009
Phew! That wasn't stressing at all. In the end, the official announcement of the results of the stress test conducted on 19 of America's biggest banks became a sort of anti-climax for the equity markets. Where to from here?

Market Wrap - Morning

AAP  |  MONDAY, 11 MAY 2009
The Australian share market is likely to open higher after gains on Wall Street in reaction to the US "stress tests" on American banks that raised hopes the worldwide financial crisis may be easing.

Market Wrap - Midday

AAP  |  FRIDAY, 8 MAY 2009
The Australian share market was marginally weaker at noon following a negative lead from Wall Street and lower commodities prices overnight, but some buoyancy was provided by banks, miners and consumer staples stocks.

Lies, damned lies and statistics

BENJAMIN ONG  |  FRIDAY, 8 MAY 2009
The Australian Bureau of Statistics - the national bean counter - has got it wrong. This was the main reaction to yesterday's fall in Australia's unemployment numbers.

Market Wrap - Morning

AAP  |  FRIDAY, 8 MAY 2009
The Australian share market is likely to open lower after losses on Wall Street, although commodity and metal prices were higher overnight.

Market Wrap - Midday

AAP  |  THURSDAY, 7 MAY 2009
The Australian share market was higher at noon, boosted by a positive lead from United States markets, better-than-expected jobs figures and a well-received quarterly profit result from Rupert Murdoch's media conglomerate, News Corp.

De-stressing the stress test

BENJAMIN ONG  |  THURSDAY, 7 MAY 2009
Only a couple of weeks ago the US triad - US Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) - were stressing over how best to release the result of the stress test they issued to 19 of their banks. They found a way.

Market Wrap - Morning

AAP  |  THURSDAY, 7 MAY 2009
The Australian share market has received a positive lead from Wall Street with key indices and commodity prices all higher.

Market Wrap - Midday

AAP  |  WEDNESDAY, 6 MAY 2009
The Australian stock market was half a per cent lower in muted trading to noon, on falls across the resources sector.

China's smoking gun

ALEX DUNNIN  |  WEDNESDAY, 6 MAY 2009
If you think Australia is having strange debates about how the government should spend GFC stimulus money to pump prime the economy, wait until you hear what they are arguing about in China.