David Chau

Latest trusted news from the world of finance and business.

Latest trusted news from the world of finance and business.

Interest rates, war in the Middle East and AI advancements are expected to hit the Australian economy, but the RBA says we are prepared.

Follow the latest headlines from ABC News, Australia's most trusted media source, with live events, audio and on-demand video from the national broadcaster.

The Australian share market has fallen for a third straight day as Wall Street tumbled to a one-month low on worsening relations between the US and Europe.  

The Australian share market has fallen for a third straight day as Wall Street tumbled to a one-month low on worsening relations between the US and Europe.  

The Australian share market flattens after a Wall Street retreat from record highs while global central bank chiefs, including RBA governor Michele Bullock, issue a joint statement backing US Federal Reserve chair Jerome Powell, who is under criminal investigation. 

Several gold, lithium and other mining stocks have seen their share price double, and even triple, in 2025 as Australia's share market has had a much better than expected year despite tariffs, economic uncertainty and Donald Trump's ongoing unpredictability.

The Australian share market is down on Christmas Eve, despite the value of US stocks, gold and silver climbing to their most expensive levels ever, while the Australian dollar has jumped to its highest level since October 2024.

Major bank economics teams are rushing to change their cash rate calls ahead of next year. The ASX drops for its third straight day as it follows a mostly negative session on Wall Street, while the price of oil has drops to its lowest level in four years.