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ASX rallies in afternoon trade

The Australian share market rebounded strongly on Thursday, buoyed by gains in cyclical stocks, after a lacklustre start to trading. The benchmark S&P/ASX200 added 0.74 per cent, or 52 points, to reach 7,087.3, while the broader All…

Disaster about to smash Aussie economy

Last week saw the conclusion of the Morrison government’s fuel excise tax cut, which lopped 22 cents a litre plus GST off the cost of fuel between the end of March and the end of September. On a rolling weekly average basis, this has…