Australian shares recovered from an early trading dip to close out the session higher for its third straight week of gains after posting a 0.2 per cent rise.
Operations at the state's busiest port have resumed after the Pilbara Ports Authority deemed the Port of Port Hedland safe to reopen after Cyclone Ilsa passed.
The Australian share market slipped further into the red following the release of ABS monthly employment data amid concerns about another interest rate hike.
Despite a downbeat economic forecast, Australia should weather the worst of a weak international outlook due to low unemployment and high commodity prices.
The local share market has ended Tuesday on a high, turning around losses suffered ahead of the Easter break when the bourse snapped eight days of gains.
Workers in the hospitality, health care, postal and freight sectors are facing serious financial stress to keep up with rising rents, a new report has found.
The Australia Institute claims more than 90 per cent of economic benefits are going to the top 10 per cent of Australians, a number vastly different from other recent research.
Further rate hikes still loom despite the RBA giving borrowers relief today following 10 consecutive rises, but Australia's banks are "strong" in the face of global headwinds.
Treasurer Jim Chalmers has set the parameters for his 2022-23 budget, laying out eight key priorities that must be addressed in the near and longer term.
