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MYEFO: Iron ore above $US100 a tonne will deliver budget windfall next year

Market pundits say the government’s “too low” iron ore forecast – more than 50 per cent below current levels – will push the budget into a surplus.

China
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Beijing
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Christmas reprieve for mortgage holders as RBA hold for December

The RBA have announced the cash rate target will remain at 4.35% in today s monetary policy decision,

Melbourne
Victoria
Australia
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Michele-bullock
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Interest rates RBA: US recession warning sets the stage for rate cuts

Commonwealth Bank’s Joseph Capurso says the world’s largest economy is headed for a hard landing, which will mean more rate cuts than the market has priced in.

Australia
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Bonds cheer Fed talk of cuts; Kiwi flies

Pedestrians walk past an electronic board displaying the Nikkei stock average, outside a brokerage firm in Tokyo, Japan, October 31, 2023. REUTERS/Kim

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Fed talk of cuts: Bonds cheer Fed talk of cuts; kiwi flies

MSCI s broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade before weakness in Hong Kong tech shares dragged it back to flat.

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