It's no secret that building approvals — a key forward indicator of future supply in housing — are grinding along at 12 year lows, but that doesn't mean things won't deteriorate further. Capital Economics Marcel Thieliant argues the downturn in home building has much further to run as a pipeline of unfinished homes left over from the pandemic is drying …
The Australian share market has tumbled more than 1 per cent amid another fall on Wall Street, as investors worry about another supersized interest rate rise in the US, and as the World Bank warned of a global recession. Key points: The Dow Jones index fell 0.6pc to 30,962, the S&P 500 lost 1.1pc to 3,901, and the Nasdaq Composite …
Australian shares have fallen sharply, after global markets tanked overnight on worries about surging COVID-19 infections worldwide and the possibility of a disputed US election result. Key points: Since January 1, the All Ords and ASX 200 have tumbled Myer's chairman stepped down four hours before the company's AGM Retail company Mosaic Brands will shut down another 250 stores Seek …