Sat, 1st Jun 2024

This week's episode of the Weekly Finance News Wrap discusses the evolving electric vehicle market, with Tesla and BYD leading, while Japanese brands and India's auto sector lag behind. The urgent shift to zero-emission vehicles by 2035 is emphasized, with a significant global surge in EV sales, notably in Australia. The show also covers the expected CPI data from the Australian Bureau of Statistics, with a focus on its implications for June's interest rates. Although a slower than desired, the national inflation slowdown is acknowledged. Despite potential further rate hikes, an optimistic outlook is projected for the Australian share market due to strong US consumer sentiment. As always, stay equipped with financial trends and tips by visiting financialservicesonline.com.au.