The US central bank has increased official US interest rates by an expected 0.5 per cent to curb the biggest price rises seen in 40 years. Key points: The Dow Jones index jumped 2.8pc to 34,061, the S&P 500 index rose nearly 3pc to 4,300, and the Nasdaq rose 3.2pc to 12,965 The All Ordinaries index rose 1pc to 7,639 …
The Australian share market has plunged to a new eight-month low in the wake of inflation jumping more than forecast over the last few months of 2021, raising the prospect of sooner-than-expected interest rate rises. Key points: The Dow Jones index rose 0.3pc to 34,365, the S&P 500 rose 0.3pc to 4,410, and the Nasdaq Composite rose 0.6pc to 13,855 …
The Australian share market has reversed course and ended lower as the Reserve Bank offered no new stimulus for the improving Australian economy, despite turmoil in the bond markets that has pushed up interest rates. Key points: Australian market falls after RBA keeps rates on hold at 0.1pc ASX 200 down 0.4pc to 6,762, All Ordinaries down 0.5pc to 7,010 …