Finance News
Despite the repeated "Lowe blows" over the past year, it's fair to say we weren't expecting yet another one yesterday. And yet, that's exactly what we got, with RBA Governor Phillip Lowe announcing the bank had decided to raise interest rates by another 0.25%. This is needed, he says, to continue battling inflation, which despite easing isn't…
Read the rest of the entry »
Yesterday the RBA released the minutes from its February meeting which revealed the RBA Board was seriously thinking about a 0.5% rates increase. Their argument was to combat the inflation challenges we are facing and explained that wages data exceeding expectations, as well as a risk that high prices "in the cost of living" would persist. These, amongst others, were all…
Read the rest of the entry »
What a month January was for shares! The S&P 500 was up 5.5% in the first four weeks of the year, while the Dow Jones Industrial Average advanced 2%. Tech stocks had their best performance in decades with the Nasdaq Composite up 9.2% on the month, its best January performance since it notched a 12.2% gain in 2001. The…
Read the rest of the entry »
Happy New Year! And the good news is 2023 is starting to show some green shoots, following the pain of 2022. The Australian share market has had a great start to 2023 with our market hitting a fresh 8 month high this week. The All Ordinaries is around 3% away from its record high, which it reached…
Read the rest of the entry »
Well, here we are, the end of another year! Many of us will be looking forward to seeing the back of 2022, a year in which the cost of living skyrocketed, taking the cost of housing with it. This put pressure on household budgets, particularly for those in retirement, or with high levels of…
Read the rest of the entry »
Are you a director of an Australian entity? If you are, or you’re not sure, keep reading. There are all kinds of directors in Australia. The obvious ones are directors of companies or trusts, but there are others as well. You could be a director if you run a charity, look after your local footy club, or…
Read the rest of the entry »
We’ve all heard by now that the RBA lifted interest rates again yesterday, this time by 0.25%, and I expect they’ll do the same again in December. We can see that the economy’s gears are starting to slow down, with property prices cooling and early signs that inflation might be calming down a bit…
Read the rest of the entry »
With the constant fluctuations in markets and the economy in recent times, there’s never been a starker reminder of how big a problem financial literacy is in our community – or rather, financial illiteracy. From recent conversations I’ve had, it’s pretty clear a large percentage of people really struggle to understand what rising inflation…
Read the rest of the entry »
