Wed, 3rd Sep 2025
from Finance News Wrap Hosted by Paige Estritori
This week's episode of Weekly Finance News Wrap discusses major Australian financial news. It begins with the recent impact of U.S. President's stance on inflation causing Australian stock markets ASX200 and All Ordinaries to decline. Safe assets like gold and silver saw a rise, while tech and banking shares took a hit. In housing sector, the expansion of low deposit homebuyer scheme is expected to boost house prices by up to $90,000 next year, raising affordability concerns. The Reserve Bank of Australia has revised its productivity growth expectations, impacting AUD/USD exchange rates. The possibility of tax hike on the wealthy has initiated debates on tax-related intergenerational inequity. The show closes on the note of stagnating wages amidst economic recovery efforts. Tune in to Financial Services Online for regular finance news updates.n
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