Wall Street has ended higher after wild swings between profit and loss, and all eyes are on a possible interest rate rise by the Reserve Bank later today.The Dow Jones index rose 0.3pc to 33,062, the S&P 500 rose nearly 0.6pc to 4,155, and the Nasdaq rose 1.6pc to 12,536Atlassian co-founder Mike Cannon-Brookes has bought a stake in power company AGL to prevent a split of the business
By the close, the Dow Jones Industrial Average rose 0.3 per cent to 33,062, the S&P 500 gained nearly 0.6 per cent to 4,155, and the Nasdaq increased 1.6 per cent to 12,536. The central bank last raised the official cash rate by 0.25 basis points in November 2010, which took the OCR to 4.75 per cent.
"Given the strength of the labour market and inflation, the RBA is expected to announce the start of the tightening cycle at the May meeting," he said. "Grok Ventures has acquired more than an 11 per cent interest in AGL, becoming the largest shareholder."It comes two months after the company rejected his takeover bid.Yesterday, AGL told shareholders it remains committed to the demerger, which would split the business into a separate energy retailer and power generator.
RBA tipped for first interest rate rise in 11 years. At this stage, it would be irresponsible for the RBA to raise rates. When there is a wages 'breakout', then raise rates and not before.
How can ordinary citizens expect a change to the rules with people feasting on tax dollars with their investment properties when it seems most politicians own investment properties,which is like putting rats in charge of the cheese.
no one thinks interest would stay so low forever right, pensioners and investors can finally increase their bank saving income, can gov not income tax such saving? ScottMorrisonMP AlboMP RBA
Norway's inflation rate only 3.5% as 92% of cars sold are EVs. Norwegians have a choice to escape pain of petrol costs. They planned a decade ago. But poor Aussies,forced to use petrol by EV haters,THE Morrison govt. Same MISTAKES again and again
0.5% at a minimum today or RBA are politically compromised just like the LNP did with the APS, AAT & ABC. auspol
Needs to be done.
Look my naked photo ❤️😘
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