16 Aug 2023 – Stocks fell Tuesday as concern over the state of the economy – China in particular – and a decline in US banks combined to pressure Wall Street.
Stocks suffer as Chinas data figures disappoint Read More »
No wage price-spiral for economists, the Reserve Bank, and business media to obsess over after the Wage Price Index for the June quarter of 2022-23 eased from the level in the three months to March. According to business groups and their media associates, the Reserve Bank’s Governor, Philip Lowe, and others, wages were supposed to
The weak final data dump for July from China’s National Bureau of Statistics easily explains why the country’s central bank popped up with a surprise rate cut, the second in three months on Tuesday. In short, the figures for retail sales, investment, and production confirm the economy has drifted towards a black hole that was
China’s economy faces challenges: Weak data prompts central bank action Read More »
The price of gold has dropped to a five-month low due to improved expectations of a gentle economic slowdown in the US and a series of disappointing economic indicators from China. This decline brought the spot price of gold down to $1906.39 on Tuesday, the lowest it has been since 14 March. Market experts have
ASX closes 0.4% higher as gold price hits five-month low Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses productivity. Key pointsThe last 20 years have seen a slump in productivity growth in Australia from over 2% pa to less than 1% pa. This has curtailed growth in living standards and real wages. It will adversely affect asset class returns if
Why the need to lift productivity and why it might be hard Read More »
15 Aug 2023 – The S&P/ASX 200 index is currently trading 0.53 per cent higher at 7,315.80. Wages have seen a 0.8 per cent increase, falling short of the anticipated 0.9 per cent growth.
Afternoon update: ASX 0.53% higher, China unexpectedly cuts rates Read More »
The S&P/ASX 200 index is currently trading 0.53 per cent higher at 7,315.80. Wages have seen a 0.8 per cent increase, falling short of the anticipated 0.9 per cent growth, resulting in an annual wage growth of 3.6 per cent. This is below the projected 3.7 per cent and a decline from the 3.7 per
Afternoon update: ASX 0.53% higher, China unexpectedly cuts rates Read More »
The Australian dollar experienced a decrease in value following the release of second quarter wages data that fell short of expectations. This development strengthens the argument for the Reserve Bank of Australia to maintain current interest rates without making any adjustments. The Australian dollar was trading at 64.7 US cents, down from around 64.9 cents
ASX up 0.63% at noon as wage growth comes in lower than expected Read More »
15 Aug 2023 – A snapshot of the stocks on the move, featuring Lake Resources (ASX:LKE), Chimeric Therapeutics (ASX:CHM) and Sunstone Metals (ASX:STM).
Stocks of the Hour: Lake Resources, Chimeric Therapeutics, Sunstone Metals Read More »
Lake Resources (ASX:LKE) completes an intermediate milestone to achieve DFS with successful extraction and injection tests at its flagship Kachi Project. In response, Lake CEO David Dickson said, “The tests represent a significant milestone for the Project, as they provide important data and higher confidence for our modelling, which is essential for the completion of
Stocks of the Hour: Lake Resources, Chimeric Therapeutics, Sunstone Metals Read More »
