Building approvals plunge shows construction boom unravelling
The ABS data published today is "the clearest sign to date that Australia's high-rise driven dwelling construction boom is starting to turn down", Westpac economist says.
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Patrick Commins
Patrick Commins writes on Markets specialising in Equity Markets, Currencies, Debt Markets. Based in our Sydney newsroom, Patrick is Markets deputy editor and has over six years experience as a journalist.
ASX slips for the week as Trump trade loses steam
The ASX ended Friday higher but gave up some of last week's strong gains over the five sessions as post-US election enthusiasm ran out of steam.
ACT business staff score higher pay as national wages slump
Across Australia, salaries rose 2 per cent in the year to September, the lowest growth rate in 18 years.
ASX gains undermined by plunging metal prices
Shares finished the day broadly flat as selling in the major miners offset gains in bank and energy stocks.
Wages grow at slowest pace on record: ABS
If you're frustrated that you haven't had a payrise in years, you're not alone, the latest wage growth figures suggest.
Trump won't want China to stop 'manipulating'
If Chinese policymakers were to stop intervening in their currency, the renminbi would go down rather than up, economists say.
Key week ahead for rates and dividends
The coming days carry crucial tests for the new RBA governor and bank shareholders as quarterly inflation figures are released and NAB reports it annual profits.
Key CPI data looms ahead of 'inflection point'
The outlook for global inflation is on the turn, but economists are more worried that CPI figures this week might force the RBA into cutting rates again.
Markets Live: Flat ASX hides big moves
A marginal decline for the ASX over the week masked some vicious share price moves.
US risks 'fighting the last war' on inflation: Fed member
The world has changed to the point where low rather than high inflation is the primary concern and the US Fed risks "particularly high social costs" if it underestimates the new reality and raises rates too far and too fast.
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