Katie Holliday is a Writer with CNBC.com, covering a range of topics including global macro-economic news, market developments and corporate news. Before joining CNBC, Katie was a senior asset management correspondent at Investment Week in London. Katie holds a Bachelor's degree in English Literature from Southampton University.
Investors are failing to factor in the very real risk of China scaling back on its U.S. government debt holdings, economist Stephen Roach told CNBC.
The Australian government hiked its debt borrowing limit by two-thirds in a bid to alleviate concerns over a fiscal crisis.
Cheaper oil could provide a welcome respite for some emerging markets, analysts told CNBC, but warned that oil was only part of the problem.
As Australian stocks power to fresh five-year highs, analysts say the country's benchmark index is set for further gains.