Stocks slide, dollar steady as market gauges Fed’s rate policy

Stocks slide, dollar steady as market gauges Fed’s rate policy

NEW YORK/LONDON, Dec 6 (Reuters) – Global stocks headed for a third straight day of losses on Tuesday and the dollar held steady as the market assesses how long the Federal Reserve keeps interest rates higher and the likelihood that policy provokes a recession. U.S. stocks followed European shares lower, with all sectors in the … Read more

Reserve Bank raises interest rates for eighth straight month

Reserve Bank raises interest rates for eighth straight month

The Reserve Bank of Australia (RBA) lifts interest rates by 0.25 of a percentage point, taking the cash rate target to 3.1 per cent. Key points: The RBA has raised its cash rate target to 3.1 per cent That is the highest official interest rate in a decade Its 0.25 of a percentage point rise in … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

RBA hikes interest rates for seventh consecutive month | 9 News Australia – 9 News Australia

RBA hikes interest rates for seventh consecutive month | 9 News Australia – 9 News Australia

RBA hikes interest rates for seventh consecutive month | 9 News Australia  9 News Australia ASX rises 1.7 per cent on Cup Day: EML, BHP, GMA, IGO  The Australian Financial Review RBA must ‘aggressively’ solve inflation problem  Sky News Australia View Full coverage on Google News

European stocks hit six-week high on hopes for rate hike slowdown

European stocks hit six-week high on hopes for rate hike slowdown

LONDON, Nov 1 (Reuters) – European stocks rose on Tuesday and the positive market sentiment was set to continue on Wall Street, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles. Following mild losses on Wall Street on Monday, Asian shares strengthened on Tuesday and European shares … Read more

How much extra could mortgage repayments cost now the cash rate is 2.85 per cent?

How much extra could mortgage repayments cost now the cash rate is 2.85 per cent?

The Reserve Bank of Australia has increased the cash rate by 0.25 of a percentage point. That means the cash rate is now 2.85 per cent. It is the seventh month in a row the RBA has lifted its cash-rate target.  If you’re on a variable rate, your repayments will probably increase too.  This repayments calculator shows how much extra you … Read more

Reserve Bank sticks to smaller interest rate hike despite inflation shock

Reserve Bank sticks to smaller interest rate hike despite inflation shock

The Reserve Bank has raised its cash rate target by 0.25 of a percentage point, opting against a return to steeper interest rate hikes. Key points: The RBA cash rate target went up from 2.6 to 2.85 per cent The move will add around $112 a month to repayments on a $750,000 mortgage debt RBA … Read more

Higher than expected inflation sparks different views on future interest rates | 9 News Australia – 9 News Australia

Higher than expected inflation sparks different views on future interest rates | 9 News Australia – 9 News Australia

Higher than expected inflation sparks different views on future interest rates | 9 News Australia  9 News Australia Aussies need a $6600 pay rise to keep pace with inflation, new data shows  9News Cost-of-living: WA inflation spike lower than national but food prices soar  The West Australian Inflation in Australia hits near 32-year high | 9 News Australia  9 … Read more

Dust settles on stocks surge, OPEC+ talks supply cuts

Dust settles on stocks surge, OPEC+ talks supply cuts

LONDON, Oct 5 (Reuters) – World stocks clung to two-week highs on Wednesday, although another aggressive rate increase from New Zealand tempered the idea that central banks may be close to slowing down the pace of rapid monetary tightening. Oil prices were little changed before a meeting of OPEC+ producers to discuss a big cut … Read more

Reserve Bank slows the pace of interest rate rises with 0.25 percentage point increase

Reserve Bank slows the pace of interest rate rises with 0.25 percentage point increase

The Reserve Bank has elected to slow the breakneck pace of interest rate rises, with the sixth straight hike being 0.25 of a percentage point instead of the widely expected 0.5. Key points: The RBA’s cash rate target has risen a further 0.25 of a percentage point to 2.6 per cent It is the first time … Read more