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Economics

Economic round- up: Cutting the apron strings

SUZY MAC  |  THURSDAY, 24 MAY 2007
It would be an understatement to say that Australian banks have been doing well, but there are increasing murmurs among banking analysts that the market is overpriced and exposed to an increased risk of bad debts.

Market wrap - morning

AAP  |  THURSDAY, 24 MAY 2007
The Australian market is expected to open lower, with drops in base metal prices and a flat lead from Wall Street dampening sentiment.

Market wrap - midday

AAP  |  WEDNESDAY, 23 MAY 2007
The Australian share market was trading higher at noon, in spite of a weaker performance on Wall Street and flagging metals prices. At 1200 AEST, the benchmark S&P/ASX200 Index was up 29.5 points at 6368.3, while the all ordinaries improved, by 29.9 ...

Economic round-up: Hey big spenders

SUZY MAC  |  WEDNESDAY, 23 MAY 2007
With tax cuts on the way and consumer confidence at a 32 year high, it seems Australians are staking out the stores and car yards with smoking wallets and little thought of the consequential pressure applied to inflation.

Market wrap - morning

AAP  |  WEDNESDAY, 23 MAY 2007
The Australian market is expected to open lower, with patchy base metal prices and a neutral lead from Wall Street. At 0801 AEST, the June share price index was down 18 points, at 6354.

Market wrap - midday

AAP  |  TUESDAY, 22 MAY 2007
Base metals were higher overnight, helping the big miners along, but that was not enough to keep the S&P/ASX200 out of the red, while the all ordinaries clung to positive territory. At 1200 AEST, the benchmark S&P/ASX200 Index was lower 1.1 points at ...

Economic round-up: Yearning for a yuan inspired Asian euro

SUZY MAC  |  TUESDAY, 22 MAY 2007
China's runaway economy may be reason enough to cut the value of the yuan without any pressure from US Treasury, but pressure is gently mounting for a single Asian currency.

Market wrap - morning

AAP  |  TUESDAY, 22 MAY 2007
The Australian market is expected to open modestly higher, with continuing strength in base metal prices offsetting a neutral lead from Wall Street. At 0655 AEST, the June share price index was up 22 points, at 6392.

Market wrap - midday

AAP  |  MONDAY, 21 MAY 2007
The Australian dollar was higher at noon as the market awaited to see what effect China's latest interest rate rise would have on its stock market.

Economic round-up: Beijing tugging the reins

SUZY MAC  |  MONDAY, 21 MAY 2007
China's central bank also raised interest rates for the second time in almost as many months and tightened access to credit, in a renewed effort to dampen its blistering economy.