Business News

5 things you need to know today

1. The preliminary auction clearance rate for Sydney and Melbourne has risen again on the first Saturday of Spring, up to 83.1% and 76.6%, respectively according to figures from CoreLogic.

2. The two-party-preferred vote in the latest Newspoll published by The Australian remained unchanged, with the Coalition on top 51-49. Both major parties gained one percentage point in the primary vote, while Labor leader Anthony Albanese's approval rating fell into negative territory for the first time.

3. Co-founder of BlackRock, Rob Kapito, told the AFR that his global outlook is for "stock markets across the globe to continue to grind higher, and for rates stay low for longer" due to a shortage of investable assets worldwide.

4. White House economic adviser Larry Kudlow said that, while the US wants "near term" results from upcoming trade talks with China, he warned that a deal could be years away. "The stakes are so high, we have to get it right, and if that takes a decade, so be it," Kudlow said.

5. The Dow Jones and S&P 500 edged slightly higher last Friday and ended the week higher. The Dow gained 1.5% during the week to close at 26,797.46, the S&P 500 rose 1.8% to 2,978.71 and the Nasdaq lifted 1.8% to 8,103.07.

Published on: Monday, September 09, 2019

blog comments powered by Disqus

New on Switzer