The Australian sharemarket enjoyed a positive end to the week,spurred on by the energy sector but dogged by embattled IT firm WiseTech Global.
The use of physical currency has plummeted in recent years,but Australians will still be able to use it to buy essential items into the future.
The greenback has surged against currencies of America’s major trading partners since the election,sounding a warning for the global economy.
When debating surcharges imposed on people who pay with a card versus physical money,I’ve lost track of the number of times I’ve had to explain that cash is not free.
As the Reserve Bank board met on Monday,$90 billion was wiped from the sharemarket and investors began to bet on a large pre-Christmas interest rate cut.
The Australian sharemarket traded slightly lower on Wednesday after weak session on Wall Street,where earnings reporting season has ramped up for the bigger companies.
The Australian sharemarket surged on the back of Wall Street’s record-breaking rally,following weak reports on the US economy which kept the door open for possible interest-rate cuts.
Miners and consumer discretionary companies kept the Australian sharemarket in the red on Tuesday after the Reserve Bank’s latest meeting minutes.
The Australian sharemarket advanced,powered by interest-rate-sensitive tech stocks and real estate investment trusts after Wall Street hit new records overnight.
The Australian sharemarket declined after a mixed finish on Wall Street ahead of key inflation reports and the Federal Reserve’s interest rate decision.
The Australian sharemarket fell for a third consecutive trading session to a one-month low,as investors sold off equities amid concerns persistently high inflation would prompt the Reserve Bank to keep interest rates high for longer.