Fri, 31st May 2024
from Finance News Wrap Hosted by Paige Estritori
In this week's Financial Services Online podcast, Paige Estritori talks about shifting gears from advancements in electric vehicles to the Australian economy. The episode highlights Tesla's dominance in the Electronic Vehicle sector. Suzuki, Mazda, and Honda trail, contributing less to the 161% increase in EV sales in Australia. The Australian automotive sector shows potential, especially with the impending stricter emission standards to take effect next year. In economy news, Australians may see a relief from high living costs as new Consumer Price Index data comes out soon. Treasurer Jim Chalmers hopes for inflation to fall within target range by year-end due to measures like the $300 energy rebate, but potential interest rate hikes could occur if inflation doesn't slow. Positive US consumer sentiment indicates a promising start for the Australian share market next week.n
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