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Economics

Market Wrap - Morning

AAP  |  THURSDAY, 22 MAY 2008
The Australian share market is expected to open more than one per cent lower after stagflation fears hit Wall Street.

Market Wrap - Midday

AAP  |  WEDNESDAY, 21 MAY 2008
The Australian share market had declined about one per cent as of noon after data showing accelerating inflation in the US hurt Wall Street and industrial metals mostly fell overnight, causing the miners to slide.

The fight over how to fight inflation

ALEX DUNNIN  |  WEDNESDAY, 21 MAY 2008
People arguing that Australia should relax its inflation targets are peculiar and misguided, argues Ken Henry, secretary of the Commonwealth Treasury.

Market Wrap - Morning

AAP  |  WEDNESDAY, 21 MAY 2008
The Australian share market is expected to open more than one per cent lower after rising consumer price data in the US hurt Wall Street and mixed commoditiy prices.

Market Wrap - Midday

AAP  |  TUESDAY, 20 MAY 2008
The Australian share market was lower at noon, led by Macquarie Group, which hinted that its record annual profit may not be repeated due to volatile financial markets.

Market Wrap - Morning

AAP  |  TUESDAY, 20 MAY 2008
The Australian share market has had a positive lead from Wall Street, but lower metals prices in London could prove a dampener today.

Market Wrap - Midday

AAP  |  MONDAY, 19 MAY 2008
The Australian share market was stronger at noon, led by gains in the big miners and energy stocks after oil reached new highs and metal prices rallied.

AUD hits 24 year high against greenback

ALEX DUNNIN  |  MONDAY, 19 MAY 2008
The Australian dollar this morning hit a 24 year high against the US greenback.

Market Wrap - Morning

AAP  |  MONDAY, 19 MAY 2008
The Australian share market is expected to open higher on a flat lead from Wall Street and higher commodity prices.

Market Wrap - Midday

AAP  |  FRIDAY, 16 MAY 2008
The Australian share market continued its run higher at midday, as a rise in industrial metals boosted resources and more talk of the Chinese taking a stake in BHP Billiton pushed its share price up to $50 - the highest on record.