Rising inflation and the threat of further interest rate hikes by the Reserve Bank are keeping a lid on a return to form for Dan Murphy’s and BWS owner Endeavour Group.
Energy prices have surged after Iran struck a Qatari LNG hub as investors are warned the selling in shares could extend as the Middle East conflict grows worse than expected.
As uncomfortable as it feels, resigning doesn’t have to be dramatic, messy or bridge-burning. In fact, done right, it can be one of the most empowering conversations you’ll have in your career.
Families paying off a mortgage and struggling workers are now more likely to cut back on fresh fruit and vegetables as the Middle East conflict pushes up petrol prices.
Wholesale diesel prices surged overnight as NRMA warned the increases could worsen cost of living pressures unless the Middle East conflict is resolved.
Reserve Bank chief Michele Bullock has suggested the Middle East conflict could worsen Australia’s inflation crisis and even spark another rate rise this month. But she also hinted at something very unexpected.
The market’s energy sector cushioned losses elsewhere, storming 5.5 per cent higher as the spot price of Brent crude oil leapt to as high as $US82.37 a barrel.