RBA Sticks to Neutral Bias, Keeps Cash Rate at 12-Year High
Australia’s central bank kept interest rates at a 12-year high in a widely anticipated move, while maintaining a neutral stance that surprised markets. Currency and bond yields declined.
Australia’s central bank kept interest rates at a 12-year high in a widely anticipated move, while maintaining a neutral stance that surprised markets. Currency and bond yields declined.
Aramco kept its $31 billion dividend payout to the Saudi government and other investors despite lower profit, a boon for the kingdom’s economy as it struggles with a budget deficit.
UK house prices stagnated in April, according to Halifax, adding to evidence of a property market facing headwinds from rising mortgage rates.
Copper powered through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Groups Inc. warned of intensifying supply stress.
Oil advanced for a second day on tensions in the Middle East, with Israel rejecting a cease-fire proposal for the Gaza Strip, and a risk-on mood that helped lift wider financial markets.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}