This morning we'll get more detail from the Reserve Bank of Australia's most recent decision on interest rates (which was to hold them steady). Follow the day's events and insights from our business reporters on the ABC News live markets blog.
This morning we'll get more detail from the Reserve Bank of Australia's most recent decision on interest rates .
Mining services groups are a little bit of a barometer of the sector that propels much of our economy.The company says it has $5.1-billion in 'work in hand'.Global stocks pushed higher and the dollar tipped lower on Monday, after shares surged last week on expectations the U.S. economy would dodge a recession and cooling inflation would spur interest rate cuts.rose 0.58%, to 40,896, the S&P 500 gained 0.97%, to 5,608 and the Nasdaq Composite gained 1.39%, to 17,876.
U.S. Federal Reserve members Mary Daly and Austan Goolsbee over the weekend flagged the possibility of easing in September, while minutes of the last policy meeting due this week should underline the dovish outlook.
Share Market Australian Dollar Dollar Markets Stocks Wall Street Dow Jones NYSE Nasdaq S&P Bitcoin Live Update Live Blog
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RBA interest rates: No rate cuts before Christmas, says RBA governor BullockMichele Bullock has declared “near-term interest rate cuts are not on the agenda”, warning the economy remained too hot and ruling out decreasing the cash rate before Christmas.
Read more »
RBA interest rates: Why the Reserve Bank’s rates warning won’t mean much to investorsAndrew Hauser says it’s a risk to listen to “false prophets” on interest rates. But those in the market have little choice but to take a position as a crucial turning point looms.
Read more »
RBA interest rates: The Reserve Bank of Australia’s credibility is shotThe central bank’s hawkish pivot has no credibility given it is not willing to do the bare minimum and raise interest rates in line with global peers.
Read more »
RBA interest rates: Traders don’t the Reserve Bank’s ‘no rate cut’ warning this yearBond markets are still wagering that the Reserve Bank will cut interest rates this year even as the central bank said it considered a rise on Tuesday.
Read more »
WATCH LIVE: Hopes of urgent relief dashed as RBA holds ratesThe Reserve Bank of Australia announced it will hold the cash rate at 4.35 per cent.
Read more »
Australia news LIVE: RBA rules out rate cut this year; Kamala Harris names VP pickStay up to date with today’s national news headlines with our live blog.
Read more »