Local stocks rise and the ACCC moves to block a partnership between Qantas and China Eastern. Look back on the day's financial and business news with our blog.
Hello, Sam Yang here to take you through markets this Friday.And it looks like the ASX will follow, with futures uprose more than expected in August on higher gasoline prices, while initial claims for state unemployment benefits climbed to a seasonally adjusted 220,000 for the week ended September 9 from 217,000 the week before.for final demand rose 0.7 per cent last month, against expectations of a 0.4 per cent increase. On an annual basis, they increased 1.
"Today's economic data confirms the path toward a soft landing, but without being so hot that the Fed thinks they might need to do a couple more rate hikes," said Ross Mayfield, Investment Strategy Analyst at Baird. "All together, it's pretty bullish."to their biggest one-day percentage gain in six months, after the European Central Bank -- suggested it was at the end of its monetary policy tightening cycle.rose 1.
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Live: ASX jumps after broad rally on Wall Street, ACCC to block Qantas-China Eastern allianceA rally on Wall Street overnight sends Australian stocks sharply higher. Hotter-than-expected economic data in the US eases worries about a recession without raising fears of a Federal Reserve rate hike next week. Follow the latest updates in our live blog.
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ACCC moves to end Qantas' deal with Chinese airline amid fears of price hikesThe consumer watchdog says the alliance&x27;s continuation could lead to travellers being slugged with increased prices.
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Qantas approved Joyce share sale five weeks after ACCC demand noticeBut the airline says the regulator had not yet “crystallised” its investigation, which came months after it requested documents and information.
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China blow for Qantas as watchdog looks to block partnershipThe Australian Competition and Consumer Commission has flagged its attention to reject Qantas’ long-running partnership with China Eastern over concerns the airlines may behave anti-competitively.
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China blow for Qantas as watchdog looks to block partnershipThe Australian Competition and Consumer Commission has flagged its attention to reject Qantas’ long-running partnership with China Eastern over concerns the airlines may behave anti-competitively.
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China blow for Qantas as watchdog looks to block partnershipThe Australian Competition and Consumer Commission has flagged its attention to reject Qantas’ long-running partnership with China Eastern over concerns the airlines may behave anti-competitively.
Read more »