Markets

The Reserve Bank is expected to leave rates on hold next week but there are fears inflation is so high it won’t be able to cut rates even if Australia fell into a recession.

Rob Scott said Australia’s ‘less hospitable tax settings’ could force companies investing in the nation’s resources and oil and gas sectors offshore.

Australian consumer confidence has slipped into ‘deeply pessimistic’ territory as households battle with persistent cost-of-living pressures, while expectations for the housing market also cooled.

The Australian share market has tumbled in early trade as nervous investors, returning from a Monday public holiday on the east coast, wait on further signs of any flare-up in tensions across the Middle East.

The creation of new jobs in the United States has sparked inflation fears, causing the Australian share market to plunge.

High-profile fund manager Geoff Wilson said it was ironic Australians were rushing to the float when Labor was about to make share investing more expensive.

US stocks have closed lower as investors digested data showing unexpectedly robust jobs figures.

Reserve Bank governor Michele Bullock has warned Australia’s poor workplace productivity could lead to stagflation where unemployment and inflation were both high at the same time.

THE NEW YORK TIMES: This could put Elon Musk on the path to becoming the world’s first trillionaire.

Betashares’ expansion into the private credit sector faces headwinds as global investors rush to sell out of a fund operated by its US investment partner.

The founder of one of Australia’s biggest bedding retailers says those who put up their prices in a high inflation environment risk going broke.

US shares swung higher after reports of a potential new 60-day peace deal in the Middle East as Australian shares aim to avoid three straight days of losses.

Global share markets are dividing between winners linked to an AI boom and strugglers being hit by rising inflation or interest rates linked to the Middle East conflict.

A Labor plan to reduce investor incentives has been branded a ‘productivity tax’ as opponents call for lower taxes for those with money to put aside.

THE NEW YORK TIMES: Stocks and oil prices have risen slightly, with few signs of concrete progress in talks to establish a peace deal between the United States and Iran.