Investors are starting to take a more sober look at what now looks like a tricky and potentially risky year ahead.
Financial markets had priced in early and aggressive interest rate cuts by the US central bank this year,but comments by a Fed official have soured that optimism.
The Australian sharemarket traded higher on Thursday,tracking gains on Wall Street driven by gains in mega-cap stock such as Amazon,Microsoft and Nvidia.
The Australian sharemarket ended the day in the red despite the latest consumer price index data showing inflation has slowed to the lowest rate since January 2022.
The Australian sharemarket has extended its gains on Tuesday afternoon after retail sales and building approvals for November topped forecasts.
Financial markets have a history of factoring in perfect outcomes and then being savagely disappointed when they don’t eventuate. They are at this point right now.
Champagne corks were popping on Wall Street after the US Federal Reserve gave the clearest signal yet that it believes that it has laid the foundation for several rate cuts next year.
A flood of US government debt is about to hit markets even as the field of buyers is shrinking. It could lead to unintended consequences.
Everything from shares to Bitcoin is booming as investors get increasingly confident about what the future holds. But things don’t always go to plan.
Anyone contemplating travelling to the US would be encouraged by a sudden jump in the value of the Australian dollar over the past fortnight. Here’s what is behind it.
The Australian sharemarket closed higher on Tuesday,buoyed by the mining heavyweights,after Wall Street reached its highest level in more than three months overnight.