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Investors taking action, so we must too: 5 points from Frydenberg’s climate speech
“Australia has a lot at stake. We cannot run the risk that markets falsely assume we are not transitioning in line with the rest of the world.”
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Business
Bloomberg
Stocks Up, Futures Steady; Sovereign Yields Higher: Markets Wrap
(Bloomberg) -- Stocks and sovereign bond yields climbed Friday on optimism about the economic outlook, though uncertainty lingers about potential risks from the debt crisis at China Evergrande Group.Most Read from BloombergSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksIn Paris, the Wrapped Arc de Triomphe Is a Polarizing PackageBerlin Referendum Could Determine the Future of the City’s HousingA Jewish Trad
Business
Australian Associated Press
Third straight week of losses on ASX
A third consecutive week of losses means the Australian share market's 11-month run of gains is poised to end.Mining giants were largely responsibly for modest losses on Friday as the market bucked a positive US lead.
News
Reuters
Australia should do more to contain housing bubble, climate change-IMF
Australian authorities need to tighten home loan standards to cool a red-hot housing market and reduce risks to the financial system, the IMF warned on Friday, while also calling for more action on climate change. In its regular assessment of Australia, the International Monetary Fund (IMF) cautioned that monetary and fiscal policy need to remain stimulative to support the economy through a tough period of coronavirus lockdowns.