Claims extracted
15
sentences that state something as happening or true
Uncertain
7%
1 of 15 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
64/100
Daily Mail's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
4
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
The Australian share market has slid lower after hawkish comments by a Reserve Bank official gave fresh hints a Melbourne Cup day rate hike remains a real possibility.
asserted
hike → slide → hints
The benchmark S&P/ASX200 index was down 16.4 points, or 0.19 per cent, at 8800.5 at lunchtime on Wednesday, while the broader All Ordinaries had slipped 18.5 points, or 0.21 per cent, to 8925.7.
RBA deputy governor Andrew Hauser told an investment conference in Sydney hours earlier that the inflation outlook was 'materially worse' than the central bank had forecast and businesses were beginning to view 3.5 per cent inflation as the 'new normal'.
asserted
businesses → slip → normal
Betashares chief economist David Bassanese said the RBA's recent comments indicated that it had lost patience on inflation and was now willing to risk a recession to bring it down.
asserted
it → say → it
The market's pricing of a 40 per cent likelihood that the RBA would raise interest rates at its next meeting on November 3 was too low, Mr Bassanese said.
asserted
Bassanese → raise → November
There has been a rise in Australian borrowers refinancing their home loans, according to a report published on Monday by mortgage broker group Loan Market.
uncertain
borrowers → refinance → Market
'The spike in refinancing activity indicates mortgage brokers are actively looking for better deals for their customers, helping to offset the impact of RBA rate hikes,' the report, seen by the Australian Financial Review, said.
asserted
report → indicate → Review
'This follows an increase in discounting by the banks over the last few months.'
asserted
This → follow → months
/hawkish comments by a Reserve Bank official gave fresh hints a Melbourne Cup day rate hike remains a real possibility.
asserted
hike → give → hints
Pictured, crowds at Caulfield Racecourse on October 17
RBA deputy governor Andrew Hauser (pictured) said that the inflation outlook was 'materially worse' than the central bank had forecast
Almost 6000 brokers from the group noted there had been a steady rise in refinancing since February, when the RBA began lifting rates.
Loan Market said activity then reached a record level for the year at 57 per cent of all mortgage volume in September.
The Australian dollar climbed to a three-week high on Mr Hauser's remarks, buying 70.21 US cents, from 69.73 US cents at 5pm on Tuesday.
Six of the ASX's 11 sectors were lower early Wednesday afternoon and four were higher, with consumer discretionaries basically flat.
asserted
discretionaries → picture → sectors
The tech sector was the biggest loser, falling 3.7 per cent amid a plunge by data centre operator NextDC.
asserted
sector → fall → NextDC
Shares in the Brisbane-based company slumped 38.7 per cent to an eight-year low of $5.63 after announcing that power supply issues at its flagship site in Melbourne would cost it $140 million in lost earnings.
asserted
issues → base → earnings
In the mining sector, BHP dropped 1.1 per cent, Rio Tinto fell 1.4 per cent and South32 slipped 2.2 per cent.
asserted
South32 → drop → sector
Gold miners Northern Star and Westgold were up 3.0 and 3.4 per cent, respectively, on quarterly production updates.
But most of their peers were in the red, with Evolution down 1.1 per cent, Newmont falling 1.6 per cent, and West African Resources dropping 1.0 per cent.
asserted
Resources → fall → red
The big four banks were mostly higher, with NAB climbing 0.8 per cent, Westpac adding 0.2 per cent and CBA edging up 0.1 per cent.
asserted
CBA → climb → cent
ANZ was the outlier, dipping 0.2 per cent.
asserted
ANZ → dip → ?
The Aporia
