Featured On: The Market Herald

Shares surged and the dollar dropped after unexpectedly mild inflation data doused fears the Reserve Bank might raise the cash rate ahead of previous guidance.

The S&P/ASX 200 jumped more than 20 points after the data drop, boosting cautious early gains to a mid-session tally of 29 points or 0.41 per cent. The dollar dived around three-tenths of a cent to 77.37 US cents.

Featured On: The Market Herald

The prospect of record-low rates for at least another two to three years propelled the ASX to its strongest close in more than a week.
The S&P/ASX 200 rallied 32 points or 0.45 per cent to its best finish since last Monday's pandemic-era closing high. The index fell short of a new 14-month closing peak by less than a point.

Featured On: Daily Mail (MSN)

A market analytics expert is predicting house prices in Australia's biggest cities will fall sharply next year, as value surges far outpace wage increases.

Kunal Sawhney, founder and CEO of market analytics group Kalkine, said Australia was on the verge of the 'biggest ever' property boom that would turn bad - predicting a 12 per cent plunge in Sydney and Melbourne house prices in 2022. 'An unsustainable surge in house prices relative to income is more likely to trigger a pronounced, eventual asset price correction,' he told Daily Mail Australia.

Featured On: Daily Mail

A market analytics expert is predicting house prices in Australia's biggest cities will fall sharply next year, as value surges far outpace wage increases.

Kunal Sawhney, founder and CEO of market analytics group Kalkine, said Australia was on the verge of the 'biggest ever' property boom that would turn bad - predicting a 12 per cent plunge in Sydney and Melbourne house prices in 2022. 'An unsustainable surge in house prices relative to income is more likely to trigger a pronounced, eventual asset price correction,' he told Daily Mail Australia.

Featured On: The Market Herald

The share market's run of weekly advances ended at four after a tax scare in the US ensured a soft end to a see-saw week.

The S&P/ASX 200 edged up five points or almost 0.1 per cent this afternoon. Advances in Rio Tinto, Fortescue and the banks narrowly outweighed declines in BHP, Newcrest and Afterpay.

Featured On: The Market Herald

A see-saw week drifted towards a lacklustre conclusion with investors reluctant to add to positions near 14-month highs following an overnight slump on Wall Street.

The S&P/ASX 200 eased 15 points or 0.2 per cent towards its third loss of the week. Mid-session, the index was on track to end the week a bare 20 points below where it started despite Monday's near 14-month peak and Wednesday's two-week low.