Tue, 30th Apr 2024

In this week's edition of Financial Services Online's finance news, the Australian market's resilience is highlighted despite strong quarterly inflation data. Key points include an unexpected inflation increase that caused a brief unsteadiness in equities and influenced rates on the S&P index and All Ordinaries index. The inflation figure has reduced the possible RBA interest rate cut, shaking the finance sector but positively affecting Westpac amidst utility drops. Other updates include the impact of a potential interest rate hike on major financial institutions, wage growth trends falling behind inflation and strain due to aggressive monetary policies. As the new fiscal year approaches, remember to comply with tax deadlines to avoid penalties. Visit the Financial Services Online website for more updates and advice. Stay informed, stay proactive.