Australian stocks have ended lower and the local currency has fallen sharply after third-quarter GDP came in lower than expected. Here's how the day's trade unfolded on the markets blog.
ASX rises as inflation rate stays steady, RBNZ cuts interest rates — as it happened
Australia's annual inflation rate remained steady in October at a more than three-year low as electricity and fuel prices fell. The local share market rose after a rally on Wall Street. Follow how the day's trade unfolded on the markets blog.
Photo shows A blurred photo of the share trading boards at the Australian stock exchangeMarkets at the mercy of 'unrestrained Trump' as US president-elect threatens tariffs
Wall Street cheered the relatively orthodox choice the US president-elect made for his Treasury secretary nomination. Within hours, Trump threatened tariffs on key trading partners, reminding markets it's his world, not his cabinet's.
Photo shows Donald Trump points to the crowd while standing on stage surrounded by United States flags.ASX 200 and Bitcoin price climb to fresh records, WiseTech Global shares slump — as it happened
Local shares have ended the week on a positive note, while Bitcoin continued to close in on $US100,000. Coles executives were grilled on supplier deals and WiseTech shares fell after its annual meeting. Look back on how it unfolded on the markets blog.
Photo shows A stock market board shows prices going upMineral Resources fronts angry investors after tax scandal, ASX closes lower after Bitcoin hits record high — as it happened
The ASX closed lower on Thursday after Bitcoin set a new record high. Shares in Mineral Resources also sank as the company faced investor revolt after a tax scandal. Coles is facing the ACCC's supermarket inquiry as hundreds of Woolworths warehouse workers went on strike.
Photo shows A portrait of Mineral Resources managing director Chris EllisonHousing affordability deteriorates further, ASX retreats from record high — as it happened
The typical household faces spending half their income to service a new home loan, according to research from ANZ and CoreLogic, while the Australian share market ended lower.
Photo shows A bird's eye view of unit blocks and apartments with the ocean in the background on a sunny day.RBA says February rate cut not guaranteed even if inflation figures rosy
Minutes from the RBA board's last meeting suggest a rate cut is not assured even if December inflation is low using the Reserve Bank's favoured "underlying" measure, which excludes volatile items.
Photo shows Business people walk past a shiny black sign that reads "Reserve Bank of Australia".Why Australia is lagging the pack on rate cuts
While other central banks have reacted to a sudden drop in inflation, the Reserve Bank of Australia has been reluctant to move, raising questions about whether it may leave rates too high as the economy cools.
Photo shows A composite picture of a woman in black-and-white and a man in colour, both looking serious.ASX closes higher, while another economist pushes back rate cut expectations to May — as it happened
The Australian share market closed higher on Friday. Corporate regulator warns of further action against the $4 trillion superannuation industry. Catch up on the day's events as they happened on the ABC News markets blog.
Photo shows Two women look at a share price board outside the ASX in Sydney.Economist who predicted GFC warns about Trump's economic plans
Nouriel Roubini predicted the Global Financial Crisis, now he is warning president-elect Donald Trump's tariff and deregulation plans could lead to stagflation.
Photo shows a man with large spectacles and suitWages growth slows, CBA logs flat first-quarter profit, ASX falls — as it happened
Wages growth has slowed to 3.5 per cent over the past year, but continues to outpace inflation. Meanwhile, a fall on Wall Street has sent Australian stocks sharply lower. Look back at the day's events.
Photo shows The exterior of a Commonwealth Bank branchm including the brand's logos.Rex given $80m bailout, while ACCC warned Qantas controls 65pc of market and prices are up, ASX loses ground — as it happened
Qantas defended itself from allegations of "slot hoarding" at a heated Senate inquiry, while the federal government gave regional airline Rex an $80 million lifeline as its voluntary administration is extended. Catch up on the day's events and insights live on ABC's markets blog.
Photo shows A Regional Express (REX) aircraft unloads at Charleville Airport in south-west Queensland.'I don't believe I've been cautioning anyone': RBA governor backs Albanese government's spending approach
RBA governor Michele Bullock says she didn't "caution" the government about its spending, and its attitude on spending is "the right one".
Photo shows A middle aged woman with a light brown bob and glasses speaks in front of small microphones mounted on a desk.US election results push global markets higher as bitcoin climbs to new record — as it happened
Bitcoin pushed to a new record high as investors digest US election results while 'Trump trades' push global markets higher and officials from the Treasury, ATO and ACCC faced Senate estimates.
Photo shows A man looks at a share price board outside the ASX in Sydney.'He needs to be thinking about that': RBA governor gives blunt spending warning to treasurer
The Reserve Bank governor Michele Bullock warns Treasurer Jim Chalmers to remain "fully aware" of the inflationary consequences of the federal government's spending promises as it heads into a federal election.
Photo shows Chalmers looks serious as he stares out of frame.RBA not ruling out future interest rate rises after warning inflation 'remains too high'
The Reserve Bank of Australia has kept interest rates on hold at 4.35 per cent for its eighth-straight meeting despite inflation falling to its lowest level in almost four years.
Photo shows People walking past the outside of the Reserve Bank of Australia in Sydney.US debt to explode regardless of Trump or Harris victory
It may not be explicitly mentioned by the RBA when it keeps rates on hold, but the biggest risk to the global economy is the United States's debt levels and who wins this week's presidential election.
Photo shows HarrisASX has lowest close since mid-September; household spending weaker than expected — as it happened
The Australian market ended lower on Friday, following a sell-off on Wall Street as shares of tech giants Microsoft and Meta fell sharply. Here is how the trading day unfolded on our business blog.
Photo shows A man stands in front of red and green indicator boards.House prices have risen again, but there are signs of 'erring towards a buyer's market'
Although national property prices increased again in October, the latest CoreLogic data suggests the housing market is cooling ahead of forecasted interest rate cuts early next year.
Photo shows A yellow open home flag attached to a yellow for sale sign outside an apartment complex.Woolworths grilled by investors, as its rival Coles tells the market that inflation is coming down — as it happened
Woolworths held its annual general meeting, Coles released a trading update, and the Australian share market traded slightly down as hopes for a pre-Christmas interest rate cut faded. Here is how the trading day unfolded on our business blog.
Photo shows A person holds a Woolworths-branded brown paper shopping bag while walking through the fresh produce section.ASX closes lower after consumer price rises slow in September quarter — as it happened
The Australian share market closed lower after the inflation rate fell, but markets see slim prospects of an interest rate cut from the Reserve Bank before year-end. Look back on how the day unfolded with our specialist business reporters.
Photo shows Australian currency is seen next to a wages graph