Yearly Archives - 2021

US Fed hold steady on interest rates: ASX poised to open lower

18 March 2021 - The ASX is set to open lower despite slight gains on Wall St. Yesterday in the US, the Dow Jones and the S&P 500 tipped fresh intraday highs after the Federal Reserve committed to no interest rate hikes to at least 2023. The Fed also forecast the economy will grow 6.5% compared with the previous forecast of 4.2% driven by the $US1.9 trillion stimulus package. They also expect the unemployment rate to fall to 3.5%...

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1 in 5 Australians expect household finances to improve next year: ASX tracking 0.7% lower at noon

17 Mar 2021 - The Australian share market dropped at the open and is now tracking 0.7 per cent lower at noon. The S&P/ASX 200 index is 49 points down at 6,778. On the futures market the SPI is 53 points lower. Westpac Banking Corporation (ASX:WBC) today announced that it was bringing together the leadership of its Consumer and Business divisions.

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