Tag: Australian economy
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Pocket Relief for Australians? The Insurance Sell-Off and What It Means for Prices at Home
Australian insurers bear the brunt of a global premium slowdown The Australian insurance sector faced a sharp wave of selling on Friday as investors reevaluated growth prospects in a market defined by shifting global dynamics. Stock prices for major Australian insurers dipped after a week that saw analysts mark down valuations in response to a…
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RBA Governor Michele Bullock Faces Senate Hearing as ASX Hearts the Week End Lower
RBA Governor Michele Bullock front and centre at Senate estimates Australian markets closed the week with modest losses as the Senate Estimates hearing put the spotlight on the Reserve Bank’s role in the country’s housing market and broader inflation dynamics. Governor Michele Bullock faced pointed questions about the central bank’s pandemic-era policy, its influence on…
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ASX Trades Lower as Banks Decline; Gold Miners Surge
ASX Market Overview The Australian Securities Exchange (ASX) is experiencing a downturn in early trading, with the S&P/ASX 200 index dropping 14.9 points, or 0.2%, to settle at 8815.5 as of 11:04 AM AEST. This decline can largely be attributed to a notable downturn in the banking and financial sectors, which have weighed heavily on…