Tue, 30th Apr 2024

This episode of the Financial Services Online podcast, hosted by Paige Estritori, discusses the latest finance news in Australia. Unexpectedly, the latest quarterly inflation data saw a rise to 1%, drastically changing the potential for a RBA interest rate cut. This has affected the Australian equities and S&P index. In other news, Australian bond market yields have touched new highs, boosting the Australian dollar. Meanwhile, businesses such as Perpetual and Kogan have suffered significant losses, with speculations about Nick Scali's expansion and Cleanaway's merger impacting their shares. In Victoria, an inquiry has revealed slow insurance responses to the 2022 floods and the reinstated First Home Super Saver Scheme is expected to aid first-time home buyers. For more expert advice and financial updates, the podcast directs listeners to the Financial Services Online website.n