Europe's two central banks have hiked their version of the cash rate, with the Reserve Bank of Australia expected to follow next week. Shares are rising as this happens.
By Emilia TerzonI've just come off a week reporting on the rolling extravaganza that is the Australian property market, and so I have interest rates on my mind.The Bank of England and the European Central Bank have both just raised their cash rates by 0.5 per cent. That's after the US Federal Reserve also hiked interest rates again on Wednesday.
European shares have risen off this decision, we presume because markets are reading into the dropping of words like "forcefully" off the language guidance by the central banks. Meanwhile, the Dow dropped overnight, but the tech index in the US has bounced up. Facebook's owner Meta is behind that with its stock soaring 25 per cent. Let you know why soon.
With all of this happening, it's probably no surprise that our own ASX is tipped to make gains today. It also started off strong yesterday then lost its steam. Who knows what it'll do today?
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BetMakers scraps extra bonus for gambling mogul Matt TrippThe ASX-listed company became the focus of the exchange’s compliance officers over the so-called “Tripp payment”.
Read more »
Live: US stocks up after wage growth data, ASX to followThe latest US labour data shows wages are growing more slowly than expected, which is a sign the economy is cooling. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Read more »
ASX Live: Australian shares to rise as Wall Street advancesAustralian shares are poised to open higher, following Wall Street’s lead. Data bolsters case for US rate step-down. $A slips, RBA speaks at 10.40am.
Read more »
ASX Live: Australian shares to rise, US stocks higher on hopes rate peak nearAustralian shares, in sync with New York, turned positive. Fed lifts rates 0.25pc, signals rate rises will end soon. US 10-year yield plunges. $A leaps. Follow for updates.
Read more »
ASX LIVE: Australian shares to rise, US megacap techs surgeAustralian shares are set to edge up, even as the S&P 500 and Nasdaq pulled back from session highs. Apple, Alphabet, Amazon to report after the closing bell.
Read more »
Aussie jeweller Lovisa and its $21m CEO eye ASX stardomThe ASX’s hottest retailer is up 13-fold since 2022 and investors argue its high returns and aggressive global rollout plans mean it has further to climb.
Read more »