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Economics

Market wrap - midday

AAP  |  MONDAY, 14 JAN 2008
The Australian stock market remained in the red at noon, after local figures showed inflationary pressures have intensified, and following another poor performance on Wall St.

We'll cut rates again if we have to: US Fed

ALEX DUNNIN  |  MONDAY, 14 JAN 2008
US Federal Reserve governor Ben Bernanke has warned that he is ready to cut rates further if that is what is necessary to shake the US economy out of its slow slide into recession, raising speculation that the AUD and oil prices will continue to skyrocket.

Market Wrap - Morning

AAP  |  MONDAY, 14 JAN 2008
The Australian stock market is expected to open lower today after the United States and other world markets -- apart from Germany -- suffered falls on Friday.

Market wrap - midday

AAP  |  FRIDAY, 14 DEC 2007
The Australian stock market was down over one per cent at noon, dragged down by the big miners after base metal prices fell overnight cancelling out a positive lead from Wall Street.

When a lift in unemployment is good news

ALEX DUNNIN  |  FRIDAY, 14 DEC 2007
An economy moving to full employment has big implications for economic policy and how we should read the macro indicators.

Market Wrap - Morning

AAP  |  FRIDAY, 14 DEC 2007
The Australian stock market is expected to open lower today after US stocks fell on scepticism about a plan by global central banks to revitalise credit markets.

Market wrap - midday

AAP  |  THURSDAY, 13 DEC 2007
A directionless Australian share market edged into positive territory at noon as a positive but erratic lead from Wall St was offset by an ailing property trust sector.

More bite from subprime

MICHAEL HOBBS  |  THURSDAY, 13 DEC 2007
The US is likely heading for a recession as consumer spending plummets because of the subprime mess, according to Matthew Drennan, investment director at Zurich.

Operation auction squad

ALEX DUNNIN  |  THURSDAY, 13 DEC 2007
While the US Fed crafts yet another master plan to fix the sub-prime fiasco, a quiet revolution is happening inside Australia's Reserve Bank.

Market Wrap - Morning

AAP  |  THURSDAY, 13 DEC 2007
The Australian stock market is expected to open higher today following a positive lead from Wall Street as US stocks rose after the Federal Reserve and other central banks sought to ease a global credit crunch.