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Australia's business conditions eased sharply in May, dented by slower gains in sales and employment, suggesting demand growth is moderating in the wake of the central bank's most aggressive... | June 12, 2023
Financial markets are generally leaning towards a risk-on posture, with significant rise in Asia's Nikkei, following a solid close in the US overnight. However, this momentum will face a series of tests from significant events on the horizon, including today's US CPI data, tomorrow's much-anticipated FOMC rate decision, and ECB's rate decision due on Thursday. Market sentiment will require substantial resilience to weather these potentially market-shifting events.
National Australia Bank has updated its predictions to have the Reserve Bank hiking rates in July and August, taking the cash rate to 4.6 per cent - and adding $295 to monthly mortgage repayments.
Stubbornly high prices and slowing business activity are casting shadows over the Reserve Bank's chances of a soft...
The local share market has been flipping between negative and positive territory ahead of a busy week of risk events headlined by the Federal Reserve meeting.