The Australian sharemarket has suffered heavy losses, after a sharp pullback across US and European markets overnight.
Investors have turned more cautious on fear of overvalued stocks and the economic impact of the COVID-19 pandemic.
US Federal Reserve chairman Jerome Powell says there are key unknowns such as new virus strains and the effective rollout of vaccines.
Here's my report on The World Today
Consumer prices rose 0.9 per cent over 2020, despite Australia enduring its first recession in almost three decades.
The Australian Bureau of Statistics says the Consumer Price Index (CPI) rose 0.9 per cent in the December quarter because of higher tobacco taxes and rising childcare expenses.
I speak with Sally Sara on The World Today
The world is slowly starting to recover from the economic carnage wrought by the pandemic but there's still "exceptional uncertainty", the International Monetary Fund has warned.
Global growth is forecast to be 5.5 percent in 2021 as vaccinations roll out. But IMF chief economist Gita Gopinath warns vaccine hoarding by wealthy nations is a major risk to the recovery.
Here's my report on this morning's edition of AM.
Joe Biden's ascension to the US presidency has been welcomed by global investors who are betting on greater certainty and stability that was missing in the Donald Trump era.
Shane Oliver, chief economist at AMP Capital Investors, says Mr Biden is also likely to ease trade tensions with China which in turn could help Australia in its own bitter trade feud with China.
Gareth Aird, head of Australian economic at the Commonwealth Bank discusses the latest official inflation figures due on Wednesday.
Here's my analysis with Fran Kelly this morning on RN Breakfast.
