Bushfires ravage confidence in the economy

The bushfires raging through parts of Australia have dealt a major blow to Australians' confidence in the economy, which has returned to lows not seen since the GFC.

Dwelling approvals rose in November

The news is promising for building approvals across the board, however there was a slight fall in the private sector.

Bushfires increase odds of a RBA rate cut in February - Moody's

The already strong likelihood of the Reserve Bank of Australia (RBA) cutting Australia's cash rate to a record low of 0.50% has increased further due to the economic cost of the bushfires raging across the nation.