For Treasurer Jim Chalmers,this budget is existential. Bad decisions could increase unemployment or provoke more interest rate rises. Both would be political nails in the government’s coffin.
It’s a tight budget with a few standouts for families,but Victorians still have plenty to say.
Australian shares sunk to almost three-month lows after higher-than-expected inflation figures in the United States and Australia pushed bond yields higher and weighed on the local bourse.
Australian stocks dived for their seventh session in the past days,with investors fearing the ramifications of escalating tensions in the Middle East,also weighing on the market was a US labour report,released overnight,that reaffirmed bets interest rates would remain higher for longer.
Suddenly,tension and uncertainty have gripped financial markets,making them highly volatile.
The Australian sharemarket stepped up on Wednesday,despite US stock indices slipping ahead of some potentially market-moving reports later in the week.
The Australian sharemarket briefly flirted with an intraday record high at lunchtime before dipping,after Wall Street rebounded overnight on fresh hopes of an early interest-rate cut.
Credit cards are convenient but can be an expensive way to pay for things when overseas.
Analysis of the overhauled stage 3 tax cuts shows the vast majority of workers would benefit over the next 10 years,as the government prepares to introduce its legislation this week.
The Australian sharemarket has extended its gains on Tuesday afternoon after retail sales and building approvals for November topped forecasts.
The Australian sharemarket finished lower on Friday as Wall Street drifted down overnight on the back of signals that the US job market remained hotter than expected.