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Over the past week, the price of iron ore has experienced a notable rise, primarily driven by new stimulus measures from China. On September 24, 2024, iron ore futures surged by 4.64% on the Dalian Commodity Exchange, marking the largest single-day increase in over a year. This rally brought prices to around $99.38 per metric ton. Similarly, on the Singapore Exchange, the October contract rose by 5.8%, reaching $94.65 per ton.
This price recovery was fueled by China's central bank implementing i...

Happy Friday, Aussies!
As you can see from my past posts, I'm considering using a recent windfall to clear both my and my partner's student loans. After that, our next goal is to buy a house in Melbourne.
In reality, if we proceed with this plan, we'll need to take out a mortgage for the house. Our financial situation is fairly not-bad, I believe, especially when compared to our peers in uni. However, there's always ...

The Reserve Bank of Australia is widely expected to keep interest rates unchanged at the conclusion of a meeting on Tuesday, especially after recent inflation data showed mild cooling.
But given that inflation remains well above the RBA’s 2% to 3% annual target range, the central bank is expected to provide some hawkish signals, and is likely to signal rates will remain high for longer.
The RBA is likely to hold its...