For the first three months of 2024, the consumer price index was 3.6%, slowing from the 4.1% annual pace in the December quarter as released by the ABS this morning. However, this is slightly higher than economists had tipped, indicating CPI would drop to 3.5%.
The March quarterly inflation rate was 1%, compared with the 0.6% pace in the December quarter, which was around 0.2 more than anticipated.

In honour of Anzac Day, we're hosting a special event for our Australian community members. Whether you're going to spend the morning at a dawn service, or commemorate in your own way - we wanted to foster camaraderie within the moomoo community.
Inspired by the Aussie classic you'll find at your local pub on Anzac day, we are playing two-up - with a trading twist!
If you aren't familiar with two-up, it is a traditional Australian gambling...

A green devil comet, officially known as Comet 12P/Pons-Brooks, will make its way across Australian skies in coming days, with the best view likely on April 22.
However, Dr Rebecca Allen from Swinburne’s Centre for Astrophysics, recommends looking for the comet starting from tonight (the 20th)
The best time to try and see the comet is about an hour after the sun sets, with about an hour window of viewing time. Get some bino...

The highly anticipated 4th Bitcoin halving event is taking place tomorrow, with the mining reward being halved from 6.25 to 3.15 per block.
There are some mixed expert opinions about what will take place after the halving regarding Bitcoin's price.
Bitcoin has recently peaked, which may have an influence, with Matthew Harcourt, analyst at Apollo Capital, saying that
“In the lead-up to the previous halving, the bitcoin price was around 30 per cent to...

The Aussie unemployment rate is back up in March after a surprisingly successful jump in February.
Due to 6,600 people no longer being employed, the unemployment rate has risen 0.1% to 3.8% in seasonally adjusted terms.
According to the ABS, despite 27,900 full time jobs being added, 34,500 part-time jobs were cut.
The ABS Head of Labour Statistics, Bjorn Jarvis, said that:
“The labour market remained relatively tight in March, with an employment-to-populat...

BHP released their production results for the nine months ending on the 31st of March, as well as their results for the first quarter of 2024.
Their strongest production was copper, which was increased by 7% with an output of 465.9kt. This was due to improvements in production in Copper South Australia (up 49%) and Escondida mines.
Coal was also up quarter on quarter, despite this, BHP decreased their production expectations an...

Rio Tinto have released their first quarterly production report for 2024. This news comes before the market opens, so we’ll see their movement as the days goes on!
Production for all commodities are down in comparison in Q4 of 2023. However, if you look back at this time last year - aluminium, copper, IOC, and especially bauxite production has increased.
This can be attributed to the stabilisation of mines like Weipa, Gove, and Kitimat.
Copper has been a hot...

Reported by the AFR, the AUD to USD conversion has fallen by 5.4% since the beginning of this year.
The drop in the AUD could be due to dampening hopes of Fed Reserve rate cuts and tensions in other countries. However, when this AFR article was published Carol Wong, an economist at Commonwealth Bank of Australia, suggested that if today's Chinese GDP data comes in positive, AUD/USD may experience some temporary relief.
Since then, China's GDP data ha...