The Australian Stock Market Falls – Finance News
The Australian market was lower this week with the ASX 200 index falling below the 5,700 level on Friday as markets reacted to tensions between the United States and North Korea with the Asian country threatening a missile strike on U.S. territory Guam.
RBA Holds Lowest Cash Rate – Finance News
The Australian market was modestly higher this week but couldn’t break the recent trading range of between 5,700-5,800 points as investors digested the first of many earnings reports this season.
Australian Market Recovers – Finance News
The Australian market was lower with next week’s annual reporting season looming and on investors’ minds. The ASX 200 index fluctuated within striking distance of the 5,800 point barrier mid-week due to strong commodity prices which helped drive up energy and mining stocks.
Increase in Interest Rates Suspected To Come – Finance News
The Australian market was lower this week but the ASX 200 managed to hold above the 5,700 mark. The RBA’s July minutes were taken to be more hawkish than expected by the market. The market overreacted by assuming that an interest rate increase was near. This is not the case, particularly given that inflation is unlikely to trend within the target this year, wage growth remains low, and household debt levels remain historically high.
The Australian & Global Market Wrap up – Finance News
The Australian market finished the week higher pushing closer to the 5,800 level. The market followed Wall Street’s lead following comments by the U.S. Federal Reserve Chairwoman, Janet Yellen. Yellen indicated that the federal fund rate wouldn’t need to rise to “get to a neutral policy stance”.
TGIFF (Thank God Its Friday Finance) July 7th 2017
The Australian market finished the week lower with the ASX 200 index falling below the 5,700 level. The RBA left the cash rate on hold at 1.50% in their July monetary policy meeting this week, citing a mixed labour market, low wage growth and slowed GDP growth.
TGIFF (Thank God Its Friday Finance) June 30th 2017
Happy End Of Financial Year!!! YAY!!! Unfortunately, the EOFY didn’t help the Australian market as it finished flat this week despite the ASX 200 index breaking through the 5,800 level on Thursday. A rise in commodity prices wasn’t enough to swing the market convincingly into the black as global markets retreated.
TGIFF (Thank God Its Friday Finance) 16th June 2017
The Australian market finished higher with the ASX 200 index breaking through 5,800 mid-week for the first time in almost one month.
