Business
Markets Live, Tuesday 4 August, 2020 – The Sydney Morning Herald
Australian shares jumped by as much as 2.2% on a strong lead from Wall Street. The RBA held the cash rate at its record low 0.25%
“This recovery is, however, likely to be both uneven and bumpy, with the coronavirus outbreak in Victoria having a major effect on the Victorian economy,” he said in a statement.
Markets had expected the RBA to hold rates, with the bank signalling it would not start lifting them until inflation approached its 2-3 per cent target range and the jobs market was strengthening.
Inflation data last week showed the largest fall in consumer prices since September 1931. Unemployment rose in June to 7.4…
-
Noosa News19 hours agoChild, 15, arrested over death of another child, 8, after shocking e-bike crash in Queensland
-
General12 hours agoPerth man charged after investigation into organised crime and tobacco store attacks
-
General17 hours agoCrowe toasts talkback titan for platforming ‘voiceless’
-
Noosa News9 hours agoMurray Watt claims Queensland will follow Sussan Ley and ditch net zero by 2050