Articles
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4 days ago |
abc.net.au | Samuel Yang |Emily Stewart |Adelaide Miller
The Australian share market has finished the day up 0.8% at 8,530 points with a lot of winners and not so many losers. Overall, the market had 60 stocks in the red, 6 unchanged and 134 stocks gaining. When looking at the sectors, Energy finished at the top; up 1.9%, followed by Industrials; up 1.3% and then Consumer Cyclicals; up 1.2%. Only two sectors finished in the red; Academic and Educational Services finished at the bottom; down -2.6%, followed by Consumer Non-Cyclicals, down -0.5%.
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1 week ago |
abc.net.au | Emily Stewart
Consumer prices rose 2.4 per cent for the year to April, according to the Australian Bureau of Statistics, leaving the inflation rate unchanged last month. It is the third month in a row that headline inflation has been steady. The market had expected a slight easing of inflation in April, to 2.3 per cent. The Reserve Bank's preferred measure of underlying, the trimmed mean, rose from 2.7 per cent over the year to March, to 2.8 per cent in April.
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2 weeks ago |
abc.net.au | Emily Stewart
The big banks have all reduced their variable home loan rates after the Reserve Bank's decision to cut the official cash rate by 0.25 percentage points. The official cash rate is now at 3.85 per cent, which means mortgage rates under 6 per cent are the new norm. Lower rates mean smaller minimum monthly repayments for borrowers, but repayments aren't automatically reduced, and many might choose to keep their repayments the same and get ahead on their home loan.
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3 weeks ago |
abc.net.au | Emily Stewart
Competition between lenders is heating up ahead of the Reserve Bank's board meeting next week. With economist forecasts and market pricing pointing to a 0.25 of a percentage point interest rate cut as a near-certainty next Tuesday, some mortgage borrowers may already have access to lower rates. Canstar's data insights director Sally Tindall says more than 24 lenders have cut their fixed rates in the past month.
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2 months ago |
granthaven.com | Emily Stewart
A memoir written by a St. Marys Farmers Market vendor reflects on his journey as a gardener from the time he first found his green thumb. Mac Crummer of H.E. Grows will be promoting his newly published book, A Gardener’s Pilgrimage, with book signing events in St. Marys and Stratford.
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