RBA's tough balancing act will keep rates on hold
Neither soaring house prices nor a more hawkish US central bank will sway the RBA when it meets on Tuesday, but a rate hike may loom later in the year.
Jens is the markets and breaking news editor, based in Sydney.
Neither soaring house prices nor a more hawkish US central bank will sway the RBA when it meets on Tuesday, but a rate hike may loom later in the year.
The stars are aligning for the economy: business conditions and confidence have unexpectedly jumped, with employment conditions particularly encouraging.
The big miners led the market higher, while company earnings provided plenty of momentum elsewhere.
Shares shook off uninspiring overseas leads, with gains in the banks and a rally in Premier Investments offsetting losses in energy stocks.
At the start of the year, economists seem more divided than ever over Australia's growth outlook.
Local stocks edge higher, as miners and energy stocks profit from a weaker US dollar, but investors remain wary.
The ASX is once again in the red for 2017 as profit warnings rattle investors already spooked by Trump's isolationist stance.
Shares slump in broad-based losses led by a wipe-out in Aconex, amid growing worries over the Trump administration's policies.
Local shares rise, with gains in banks offsetting big slumps in gold miners, following Wall Street's record run that pushed the Dow above 20,000 points.
New records on Wall Street and soaring metals prices pushed the local sharemarket higher on Wednesday.
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