Mon, 16th Dec 2024
from Finance News Wrap Hosted by Paige Estritori
In this episode of Weekly Finance News Wrap, we discuss the notable decline in ASX listings as investors show increased interest in private markets, marked by a significant drop in global funds raised through IPOs. We also cover the possibility of rate cuts by the Reserve Bank of Australia following their decision to maintain the current interest rate, a development closely tied to inflation control and the outcome of the upcoming federal elections. Business confidence experienced a decline with manufacturing and retail sectors being most affected, yet the service sector stays resilient. Lastly, episodic financial advice is emerging as a preferred model over traditional full-service models, as Australians seek specific advice on retirement, investment, and tax issues. Catch us next week for more updates on Australia's financial landscape.
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