S&P 500 tops 3000 on hopes for economy

S&P 500 tops 3000 on hopes for economy

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...
S&P 500 tops 3000 on hopes for economy

US shares slip as Fed warns on economy

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...
S&P 500 tops 3000 on hopes for economy

RBA sees economy contracting 6% in 2020

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...
S&P 500 tops 3000 on hopes for economy

Tasmania ties Vic for best state economy

Tasmania has tied Victoria for Australia’s best economic performance in CommSec’s quarterly State of the States report. It’s the first time since October 2009 that the Apple Isle has been on top of the performance rankings. CommSec has for the last...
S&P 500 tops 3000 on hopes for economy

China cuts lending rate to boost economy

China has cut its benchmark lending rate for the second time this year to reduce corporate borrowing costs and ease the impact of the coronavirus crisis on the world’s second-largest economy, according to state-run Xinhua news agency. The People’s Bank of...