Markets

BHP, banks lead Australian stocks higher ahead of CPI report

Australian stocks raced higher as trade opened on Wednesday. The scorecard so far (10:45 am) ASX 200: 5,920.30 +47.82 +0.83% All Ordinaries: 5,946.80 +46.08 +0.78% AUD/USD: 0.7541 +0.0005 +0.07% Investors are taking cues from rising confidence in Wall Street as corporate results and hopes of US tax reforms buoyed optimism. […]
BHP, banks lead Australian stocks higher ahead of CPI report
Markets

Australian dollar tumbles as inflation misses forecast

The Australian dollar and bond yields fell after the December quarter inflation missed forecasts, adding to expectations for another rate reduction by the nation’s central bank. A short time ago, the currency was 0.3% down at 0.7559 U.S. dollars after falling as low as 0.7547. The benchmark 10-year bond yield […]
Australian dollar tumbles as inflation misses forecast