Looking back at 2024, Australia's economy was generally sluggish due to weak demand and stagnant labor productivity growth, although population growth, a surge in infrastructure projects, and rising public demand helped the economy narrowly avoid a recession. Despite the economic slowdown, the Australian stock market has shown resilience and strength due to strong performances in the banking and i...
Australian Treasurer Jim Chalmers updated the Mid-Year Economic and Fiscal Outlook on Wednesday, which includes updates on issues such as the budget deficit and economic growth forecasts. So, what are the key takeaways from this report, how will these updates affect the Australian stock market, and how should Australian investors adjust their trading strategies? We will discuss these points in detail below. Main takeaways from t...
In 2024, the Australian stock market has shown resilience and strength, with the$S&P/ASX 200 (.XJO.AU)$reaching new highs throughout the year. On December 3rd, the ASX 200 broke through 8,514 points during trading hours, setting another historical record. As of December 18th, the ASX 200 has accumulated a year-to-date increase of 8.94%. Despite global economic uncertainties and sustained high policy interest rates in the Austral...
US and Aussie stocks pulled back as momentum fades and traders brace for US inflation data that could determine if the US Federal Reserve cuts or holds rates next week. Summary. Investors are locking in profits from this year’s best-performing stocks. In the US Nvidia is down 9.4% from its high and Vistra has dropped 16% from its peak. In Australia, Zip$Zip Co Ltd (ZIP.AU)$is now do...
Markets ready for fewer rate cuts, as Trump takes control Every day since Trump won the US election, the US Fed Funds Futures have suggested that we should also expect less and less US interest rates cuts are ahead. And now Donald Trump’s Republican Party looks set to control the US Congress, meaning Trump has...
Well that was a relief. US markets rebound from their worst session in a month as Nvidia$NVIDIA (NVDA.US)$shares jumped 4.4% on Tuesday adding a $160 billion in market value. While Australia’s share market opened higher. Stocks been able to climb up as oil dropped about 5%, the US dollar dipped, and bond yields fell as geopolitical tensions eased. While a US central banker said the Fed should k...
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