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Economics

Market wrap

AAP  |  FRIDAY, 29 OCT 2004
The Australian share market is expected to open weaker as a fall in base metal and oil prices overnight are expected to weigh on the Australian resources sector.

NZ interest rates rise

The cash rate in New Zealand now sits at 6.5 per cent after Reserve Bank of New Zealand (RBNZ) again raised interest rates by 25 basis points, the sixth such increase since January 2004.

Inflation remains low for September 2004

The All Groups CPI increased by 0.4 per cent for the September 2004 quarter. Inflation in the year to the September quarter was 2.3 per cent.

Oil prices fall as crude stocks rise

Oil prices plunged today as news of a rise in US crude oil stockpiles calmed market fears of a supply crunch during the northern hemisphere winter.

Market wrap

AAP  |  THURSDAY, 28 OCT 2004
The Australian share market is expected to open firmer as another strong rally in the US and strength on other global indices is expected to flow through to the local market.

Oil prices set to push September quarter CPI up

AAP  |  WEDNESDAY, 27 OCT 2004
Rising oil prices are expected to push the inflation rate higher today, giving the Reserve Bank a clearer sign of whether it should keep the brakes on interest rates.

Market wrap

AAP  |  WEDNESDAY, 27 OCT 2004
The Australian share market is expected to open firmer as a rebound in US equity markets should provide the base for further local gains today.

Market wrap

AAP  |  TUESDAY, 26 OCT 2004
The Australian share market is expected to open weaker as markets across the globe fell overnight as concerns about the US dollar and oil prices weighed on indices everywhere.

World oil price hits record high

World oil prices vaulted to record highs today, stirring fears of $US60 a barrel New York crude, as traders sweated over tight US energy stocks and rampant, China-driven demand.

Market wrap

AAP  |  MONDAY, 25 OCT 2004
The Australian share market is expected to open weaker as a poor performance in the US on Friday sets the tone for a slow start to the domestic market.