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Loading Vivek Dhar from CBA said key drivers of the higher price were low iron ore inventories among Chinese steelmakers, combined with record Chinese steel production in April. "Having record steel production means that demand for iron ore is solid," he...
Chinese iron ore futures continue to surge. The September 2019 contract in Dalian sits at a record high of 698.5 yuan. It’s jumped 9% from Wednesday. The benchmark iron ore price rose to a five-year high of $99.21 on Thursday, according...
Auction clearance rates have risen to the highest level in eight months, according to CoreLogic. Despite higher clearance levels, home prices are still falling in Australia’s largest cities. The federal election this Saturday will see auction activity decline in all capitals...
The term “buy the dip” has become commonplace in financial markets in the post-GFC era. Bad news is really good for asset prices, increasing the odds of further stimulus measures being rolled out by policymakers. Monetary policy has been the dominant...
There’s perhaps nobody in Sydney who has been affected by the city’s lockout laws as much as nightclub owner and self-styled “King of the Cross” John Ibrahim. When the NSW Government introduced the severe crackdown on the city’s night-life in...
A blundering waiter accidentally gave lucky diners a $AU8350 bottle of wine. The unnamed server was told to keep their “chin up” after managers at swanky Hawksmoor steakhouse in Manchester, northwest England, noticed it was down one bottle of 2001...
Good morning and welcome to Markets Live for Friday. Your editor today is William McInnes. The market is within touching distance of a fresh 11-year high and interest rate futures have continued to fall overnight. This blog is not intended as investment...
The Australian dollar continues to slide, closing at fresh three-year lows against the greenback. A surprise lift in Australia’s unemployment rate in April has seen expectations for a RBA rate cut next month increase substantially. US data was also stronger-than-expected...
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