Asia eases, US jobs stunner hammers bonds
TOKYO, RAW – Asian share markets eased on Monday after stunningly strong US jobs data soothed concerns about the global economy but also added to the risk of an aggressive tightening by the Federal Reserve. Geopolitics also remained a worry as the White House warned Russia could invade Ukraine any day and French President Emmanuel…
NSW gas-fired power plant gets final tick
SYDNEY, AAP – A $600 million gas-fired power plant in the NSW Hunter Valley has been given the final environmental tick of approval. Federal environment Minister Sussan Ley said the project at Kurri Kurri was approved after rigorous assessment and on condition the government-owned Snowy Hydro Limited meets the conditions established by the NSW government…
Delays as NSW train drivers take action
SYDNEY, AAP – Sydney commuters are facing delays as an already reduced public transport timetable is hit by ongoing industrial action. Members of the Rail, Tram and Bus Union are taking industrial action over the next two weeks, with bans on overtime, working with foreign rolling stock and working alongside contractors. NSW Transport Minister David…
Nasdaq regains ground after choppy week
NEW YORK CITY, RAW – Another bumpy ride on Wall Street has ended as Amazon’s positive earnings capped a run of mixed big-tech numbers, with the Nasdaq recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory. Results from megacap growth stocks have dictated market moves…
The changing shape of income investing
Many trustees think about diversified portfolios in terms of risk management – which makes sense. But a well-diversified portfolio has the other big advantage of helping investors adapt to changing market conditions. In 2022, with significant shifts coming in markets, Perpetual Private expect a subtle change in how they generate income from portfolios. In this…
What’s wrong with Australian mortgages?
If you’re paying off a mortgage – or aspiring to – imagine if you didn’t have to worry so much about rising interest rates. That’s already the reality for US home buyers. Unlike in Australia, most mortgages in the US have a fixed-interest rate, locked in for 30 years. Instead of having to wait and…
Aust shares slip as banks weigh
SYDNEY, AAP – The Australian share market is trading lower at midday amid continuing concerns of aggressive tightening by the US Federal Reserve and weaker sentiment in local banking stocks. The benchmark S&P/ASX200 index was down 30.3 points, or 0.43 per cent, to 7089.9 points at 1200 AEDT on Monday. The All Ordinaries index fell…
RBA forecasts 4.25 pct growth for 2022
CANBERRA, AAP – THE RESERVE BANK’S LATEST KEY ECONOMIC FORECASTS: GDP (previous forecast in brackets) Dec 2021 – 5.0 per cent (3.0 per cent)* June 2022 – 5.0 per cent (4.0 per cent) Dec 2022 – 4.25 per cent (5.5 per cent) June 2023 – 2.5 per cent (3.25 per cent) Dec 2023 – 2.0…
ASX has best week of 2022, earnings loom
SYDNEY, AAP – Shares have had their best week of the year on the ASX as investors settled with the prospect of higher rates in 2022. The market was little changed for most of Friday until a late broad-based rally. The Reserve Bank’s revised forecast of higher inflation did not worry investors, given the bank…
Fuel pump first for zero-emission hydrogen
CANBERRA, AAP – Australia’s first public hydrogen refuelling station has been declared clean and green by carbon auditors. Getting the tick of approval on Friday, utility firm ActewAGL’s fuel pump in Canberra is the first project to be recognised under the Smart Energy Council’s Zero Carbon Certification Scheme. “We have now certified that it is…
