Yellen rate hikes rattle marketsThe US Federal Reserve's forecast for three interest rate rises in 2017 has rattled markets, raising fears that rising rates and bond yield
Energy and resources companies including Santos, Origin Energy and Newcrest Mining have dragged the share market lower following a drop in oil prices and the US Federal Reserve's rate hike.
Fuel refiner and retailer Caltex Australia expects its underlying profit to fall by about 20 per cent because of weaker margins in its refining operations.
The Australian share market is lower in early trade, following overnight falls on Wall Street after the US Federal Reserve cut its benchmark interest rate and flagged three more rate cuts next year
The Australian dollar has plunged, falling more than one US cent in overnight trade in the wake of the US Federal Reserve's move to lift its benchmark interest rate by a quarter of one per cent.
Oil prices slid more than three per cent on Wednesday as the dollar jumped after the US Federal Reserve's decision to hike US interest rates and after a jump in crude inventories at the biggest US storage centre renewed concerns about a glut.
Gold turned lower and tapped the lowest in more than 10 months on Wednesday, after the Federal Reserve raised US interest rates by a quarter point and signalled a faster pace of increases next year, causing the US dollar to rally.
US stocks fell the most in two months on Wednesday after the Federal Reserve raised interest rates by a quarter point and signalled hikes could come next year at a faster pace than some expected.
AAA could go at any timeThe fate of the nation's AAA credit rating – and the impact of any change on interest rates – could be known before Christmas, with key rating agen
The Australian share market has gotten off to a firm start following overnight gains on Wall Street, but investor mood remains cautious ahead of the US Federal Reserve decision on interest rates.
Oil prices edged off earlier gains to end Tuesday nearly unchanged, as the support from OPEC's plan to limit production were undercut by an energy watchdog's assessment of how much those nations are currently producing.
Gold edged lower on Tuesday, losing its luster as the US Federal Reserve began its two-day meeting during which it is expected to deliver the second U.S. interest rate hike in a decade and provide some insight into its outlook for 2017.
‘Cut tax rate' to boost older workersA New Zealand-style universal pension system may be unworkable in Australia, but the country should reduce the effective marginal tax
Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply.
Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply.
Gold prices sank to their lowest in more than 10 months on Monday, hit by expectations of an increase in US interest rates this week that have boosted US Treasury yields.
The Australian share market has surrendered most of its early gains to close almost flat in the wake of positive leads from US and European markets and the decision by global oil producers to limit production lifts the energy sector.
Gold edged lower on Friday and was headed for a fifth straight weekly decline, weighed down by a stronger U.S. dollar and expectations of a Federal Reserve rate hike next week.
Oil prices rose about one per cent on Friday on hopes that non-OPEC producers meeting in Vienna over the weekend would agree to output restrictions following limits OPEC announced last week to curb an oil glut.
Tax cut would boost incentive to workCutting the top marginal tax rate would encourage labour participation and help return the budget surplus, economists argue.
The Australian share market has kicked off flat on Friday after gaining 2.6 per cent over the past three trading sessions, despite record highs on Wall Street.
The Australian dollar has slipped against its US counterpart with the greenback rising after the European Central Bank extended its quantitative easing program by nine months.
Major US stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on.
