Finance News
It would be an understatement to say that the Australian sharemarket has tumbled this week with the latest risk being fears of a US or global recession. And it all comes on the back of rising inflation and to curb it, all global central banks are lifting interest rates with the UK and Switzerland are the latest…
Read the rest of the entry »The other night in the US, minutes from the May 3-4 meeting of the Federal Open Market Committee (FOMC) revealed members saw the need to raise rates faster than the market expected, in order to dampen inflation. The meeting resulted in a 50-basis-point rate hike, which was the biggest jump in 22 years. The FOMC said further such rate hikes…
Read the rest of the entry »You now have just a few days to vote, and as expected both major parties have pulled a few rabbits out of their hats. But it’s quite staggering that even after all the restrictions and lockdowns, the pollies still haven’t worked out that we don’t like being told what to do. In the COVID…
Read the rest of the entry »Unless you’ve been living under a rock this week, you will have heard that the RBA has lifted interest rates for the first time in a decade. Our official rate is now 0.35%. Similarly, the US Fed lifted rates to 0.75%-1% and the Bank of England lifted their benchmark to 1%. Higher cash rates…
Read the rest of the entry »Have you felt the pain at the petrol bowser yet? Blame Vladimir Putin. The Russian President’s invasion of Ukraine is already having global impacts. While Ukrainians suffer through the very real fear and danger of missiles raining down on them, the rest of the world has also started wearing the consequences, as the sanctions…
Read the rest of the entry »The floods in NSW and QLD are beyond devastating, with flood waters in some cases up to 15 metres. Unthinkable really, and our thoughts and prayers are with our neighbours in the north. However, we’re a nation that’s used to natural disasters, from floods, to storms, to bushfires. And the conversation that often arises when these…
Read the rest of the entry »The unrest around Russia and Ukraine has given investors that much more to be worried about. With the increase in global sanctions, the market is now pricing in higher energy prices and seeing significant risk aversion. This has been highlighted by the Nasdaq which has now tumbled more than 15% so far this year, while the S&P500…
Read the rest of the entry »Investors across the world are quickly coming to terms with the new normal: higher interest rates. Reserve banks in New Zealand, the US and UK have either increased rates already, or said they’re going to do so soon. But not in Australia, where with a federal election looming, the RBA is going to sit on…
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