Sharemarkets are booming now,but historically markets have fallen about one in every four years,so be careful before jettisoning safer assets.
The Australian sharemarket has made the most of a bright start to close in the green,with banks and IT stocks setting the pace.
Jerome Powell says he will not resign as chairman of the US Federal Reserve should the president-elect ask him to. Trump’s advisers are working on a Plan B.
Amid the near-euphoria in financial markets that erupted when it became clear that Donald Trump had regained the US presidency,there was one warning sign.
For much of this year,investors have been betting heavily on Donald Trump winning back the presidency. Over the past few days,they’ve gotten cold feet.
Donald Trump and Kamala Harris have two radically different sets of policies that will have great consequence not just for Americans,but for the rest of the world.
US bond yields have been on a tear since the Fed cut its policy rate last month,a counter-intuitive move that’s being attributed to a stronger than expected jobs market,and Donald Trump.
Australian shares hit fresh all-time highs,boosted by banks,industrial stocks and tech players.
The Australian sharemarket finished Thursday in the green as BHP,Rio and Fortescue regain their mojo.
A closely watched indicator is signalling that the US is on track to avoid a recession. But these are anything but normal times.
The financial regulator is planning to phase out a form of bank capital that has proven wildly popular with Australian retail investors.