You were worried the stockmarket might not come back, right? But why wouldn’t it? This isn’t the first war in the Middle East, and Allah knows it won’t be the last.
Average house prices now cost nine times average incomes, versus five times 20 years ago, and young Australians are now looking for alternative ways to build wealth.
Upmarket NIMBY councils near the centre of some of Australia’s biggest cities are going slow on approving new homes during a rent crisis, which a data expert is also blaming on international students.
Investor nerves over just how long the US-Israeli war with Iran will last and growing fears over global oil supply is driving the Australian share market back deep into the red.
The International Energy Agency will release 400 million barrels of oil, it’s largest ever release as Iran threatens to send oil prices to $200 a barrel.
Shares in Australia’s biggest KFC operator, Collins Foods, have jumped after announcing it will ramp up its push into Germany to capitalise on the country’s growing appetite for fried chicken.
Iran has attacked merchant ships in the Gulf and launched strikes across the Middle East, signalling it can still retaliate despite intense US-Israeli bombardment.