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Stocks, AUD rebound following the Fed decision

Samantha Menzies
·Contributing editor
·3-min read
AUD improves after Fed announcement.
AUD improves after Fed announcement.

Good morning.

Here's everything you need to know about finance markets this Thursday morning.

ASX: Aussie stocks are poised to open higher on Thursday morning following a rebound on Wall Street as investors digested a key monetary policy decision and upgraded economic outlook from the Federal Reserve. Treasury yields

Wall St: US stocks took a leg higher Wednesday afternoon and the yield on the benchmark 10-year Treasury note jumped to more than 1.65 per cent. The S&P 500 rose about 0.2 per cent, while the Dow traded about 200 points higher to reach a record high of more than 33,000. The Nasdaq turned positive, shaking off earlier losses.

AUD: AUD/USD has spiked higher amid a dovish reaction to the latest FOMC monetary policy decision.

Mining: Miners from Australia to Canada are expanding operations despite concerns from indigenous groups about damage to wildlife, water supplies and religious sites, rankling investors who are pressuring the industry to improve its environmental, social and governance (ESG) standards.

Prices for gold, copper and iron ore, which have recently hit record or multi-year highs, have spurred a hunt for growth that risks ignoring lessons the industry should have learned after the destruction of the Juukan Gorge caves in Australia by Rio Tinto last year, according to institutional investors.

Crazy tactics: In the capital cities especially, prospective home buyers have rebuilt their confidence in the market and are now flocking to buy a home with a frenzied approach which you could say mirrors the toilet paper panic buying of 2020, and some are taking the process to extremes. So, what are some of these tactics and are they a smart move?

Gender inequality: According to the Australian Bureau of Statistics, in terms of average full-time equivalent weekly pay, men earn $1,804.20 which is 15.5 per cent more than women who earn $1,562.00. This pay gap is clearly significant and that gap has been broadly constant for at least two decades, even though it has narrowed a smidge in the last two years. But this doesn't tell the full story.

House buying tips: So, you’re ready to start the whole be-an-adult-and-buy-a-house thing? Congrats! But in an instant, you start hearing your parents, lenders and mortgage broker speak a whole different language. Here's everything you need to know.

Debt recycling: You were probably taught by your parents to get a good education, a good job, buy a home, work really hard and pay off your debt. But that's not productive use of the equity in your home. Instead, you should recycle the equity in your home and convert it into productive debt to buy income producing assets. Here's how.

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