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Good morning, everyone. In finance news today, there might be a bit of re-prevalent store for some home buyers with some forecasts suggesting price growth will slow this year. Property prices have hit a record high over the past two years, and while the national medium house price is still set to rise by 5% this year. It’s down on the previous year. Conditions will remain tough for first home loan buyers though due to strong competition driven by record low interest rates. Sydney is set to outperform the rest of the country with 8% growth.
Agricultural export is calling on the Federal Government to do more to help overcome difficult rules and regulations in key markets. The Federal Government counts trade as one of its most successful portfolios1, having signed free trade agreements with China, Korea and Japan while the agricultural industry has welcomed the tariff2 reductions that come with those agreements. They say there needs to be more done to focus on technical barriers to trade that are costing some sectors3 billions of dollars.
Let’s take a look at the markets. And US stocks have closed up after two days of losses helped by weaker dollar and a rally in bank shares. The Dow and S&P 500 closed up more than 1%. The Nasdaq was up more than 0.5%. And in London, the FTSE also closed up more than 0.5% led by mining shares.
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1 portfolios | |
n.投资组合( portfolio的名词复数 );(保险)业务量;(公司或机构提供的)系列产品;纸夹 | |
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2 tariff | |
n.关税,税率;(旅馆、饭店等)价目表,收费表 | |
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3 sectors | |
n.部门( sector的名词复数 );领域;防御地区;扇形 | |
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4 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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