The Australian share market is following Wall Street's gains, with Afterpay owner Block leading the gains despite investment banking giant Macquarie reporting a big drop in full-year profit. Follow live.
The Australian share market is following Wall Street 's gains, with Afterpay owner Block leading the gains despite investment banking giant Macquarie reporting a big drop in full-year profit.
"I do get frustrated sometimes when self-appointed foreign experts want to talk about whether or not a child with down syndrome should be getting the package support they're getting.Hello and happy Friday! explains why he thinks the market has turned a bit more cautious on the Magnificent Seven — aside from the fact that their valuations have surged in recent years.
"That's the main reason that the Magnificent 7 have paused for breath. The growth is still there; these are great companies, with the benefit of size and first mover advantage. It's just that the future is more uncertain than we thought. And, quite rightly, that reduces how much we will pay to jump aboard.
There's another warning today that official interest rates will probably stay higher for longer — and that the Australian government needs to rein in spending further to help tame inflation.OECD warns on NDIS spending and need to slow growth in costs; no good news for Bonza travellers"I think it's unlikely that the next policy rate move will be a hike," he said at a post meeting presser.
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