by dellons | Jun 30, 2020 | Business News
Australia’s central bank believes the economy has done better than feared during the coronavirus crisis but the hit to growth will have a “long-lived impact” requiring policy support for years to come. “There is considerable uncertainty over...
by dellons | Jun 23, 2020 | Business News
Investors are likely to see slight gains early on the Australian share market after improving economic data helped Wall Street edge higher. The Australian SPI 200 futures contract was higher by 4.0 points, or 0.07 per cent, to 5,929.0 at 0700 AEST on Wednesday. In the...
by dellons | May 26, 2020 | Business News
US stocks have jumped and the S&P 500 has breached 3000 points as optimism about a potential coronavirus vaccine and a revival in business activity helped investors overlook simmering Sino-US tensions. The benchmark index traded above the key psychological level...
by dellons | May 13, 2020 | Business News
The S&P 500 and Dow has slipped as Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, while he also dismissed speculation over negative interest rates. “There is a sense, growing sense I think, that the...
by dellons | May 8, 2020 | Business News
Australia’s central bank expects the economy to contract by 6 per cent this year and unemployment to peak at 10 per cent as businesses shut to curb the spread of the novel coronavirus. The Reserve Bank of Australia (RBA) cut interest rates twice in March to a...
