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General

Morning Market Wrap: Dollar hits fresh highs

The Australian dollar hit a fresh six-year high of $US0.7177 overnight as the US dollar weakened, buoyed by speculation of a widening interest rate differential with the United States.

Afternoon market wrap: Shares, bonds close down

The Australian sharemarket closed weaker today as blue chip stocks continued to absorb last week's news of an official rate hike.

Investors turn bearish on bonds: FSIU

Investor expectations of fixed interest returns have done a u-turn in the past month, according to the Financial Standard Intelligence Unit's (FSIU) November market expectations survey, released today.

Midday market wrap: Shares, bonds both ease on stronger US data

The Australian share market opened in negative territory, following a fall in the United States market on Friday night.

ANZ first bank to change home lending rates

ANZ has been one of the first major banks to respond to the Reserve Bank of Australia's (RBA) decision to raise interest rates by 25 basis points to 5 per cent, by increasing interest rates for home and residential investment lending by 0.25% per annum.

Morning Market Wrap: Dollar opens weaker

The Australian dollar opened stronger today after the US dollar weakened on profit taking in the wake of a strong US jobs number.

Midday Market Wrap: Dollar driven down by strong US currency

The Australian dollar was weaker at noon, driven down by a stronger US dollar.

Corporate governance practices have worsened in past year: survey

Australia's corporate governance practices have come in for further criticism, this time from two academics.

Australian equities may under-perform as a result of rising interest rates

The Australian equity market is likely to under-perform other markets over the coming year as a result of the fact that the Australia has been the first major economy to begin a tightening cycle.

Morning Market Wrap: Dollar weaker after US jobless claims plunge

The Australian dollar opened weaker today against a broadly stronger US dollar but remained within its recent range above important support levels.