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The Australian share market has reversed some of yesterday’s strong gains as investors1 locked in profits at the end of the week. The All Ordinaries Index shed 1/5 of a percent as did the ASX 200 Index. In the uranium sector2, the Rio Tinto backed ERA fell 49% after abandoning expansion plans in the Northern Territory. Paladin Energy got a boost. It was up 5%. The Ten Network added six. Myer was among the biggest losers, and the Westpac the worst of the big four banks. The Australian share dollar is buying 77.2 US cents.
Citi Group economists3 have suggested the Federal Government consider a spending package to stimulate4 the economy. Citi suggests investment in infrastructure5 or direct payments to households. The bank says Australia meets all the requirements that were just by such step including very low levels of government debts.
A key private index shows that a surge in property investments has seen rents grow at their slowest annual pace on record as increased supplies keep prices down. / RP data’s made rental6 index shows capital city rents rose on average just 0.1% in the month and only 1.5% over the course of the year. The Bureau of Statistic7 says its figures show rental growth is at a 20-year low nationally.
The Bureau of Statistics figures indicated it’s not only home lending that’s benefiting from low interest rates. Official data shows both personal and commercial finance increased by around 4% in April compared to March. The statistics have caused pre-day the May interest rate cut.
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1 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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2 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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3 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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4 stimulate | |
vt.刺激,使兴奋;激励,使…振奋 | |
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5 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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6 rental | |
n.租赁,出租,出租业 | |
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7 statistic | |
n.统计量;adj.统计的,统计学的 | |
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