Latest Updates
A snapshot of the latest market updates from our Economic Services team.- 19 Mar 2024 Daily Report 19 March 2024US stocks rose overnight, supported by strong gains in communication technology amid news that Apple is in talks with Google about incorporating its Gemini artificial intelligence service into the iPhone system.
- 15 Mar 2024 Market WATCh Weekly 15 March 2024In Australia, the NAB business conditions index picked up in February, while business confidence remained below average. Payroll jobs saw a seasonal increase in the month to 17 February. Abroad, the US CPI and PPI figures for February again surprised to the upside, while the retail sales report disappointed.
- 19 Mar 2024 RBA Update March 2024The RBA kept interest rates unchanged at the March meeting, with the cash rate target remaining at 4.35% and the interest rate on Exchange Settlement balances staying at 4.25%. The decision was in line with market expectations. The RBA has also watered down but not entirely abandoned the tightening bias, moving closer to a neutral tone.
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TopĀ - North Quay Terminals, Fremantle. Image courtesy of Fremantle Ports.
Below - Port of Port Hedland. Image courtesy of Pilbara Ports Authority.