Markets nervous as oil surges; Aussies shift to the regions; foldable iPhone lands in Australia
FEAR & GREED | Business NewsSummary
Financial markets are experiencing volatility as oil prices reach a four-year high, surpassing $116 per barrel, amid rising inflation concerns. Investors are closely monitoring upcoming inflation figures, with expectations that they could influence potential interest rate hikes by the Reserve Bank of Australia. Current projections indicate underlying inflation could be around 1% for the quarter and 3.6% for the year, significantly above the target range. The local share market is set to open lower, reflecting these economic pressures.
In a notable shift, Australians are migrating from major cities to regional areas at near-record levels, with the latest data showing a 30% outflow from capitals to regions. This trend mirrors patterns observed during the pandemic, with popular destinations including the Sunshine Coast and areas in far North Queensland. However, this population shift presents challenges, as regional areas struggle to keep up with housing and infrastructure demands.
In corporate news, EVT, which owns Event Cinemas and Thredbo Ski Village, reports a rise in quarterly earnings despite challenging conditions, thanks to successful film releases. Meanwhile, Rio Tinto announces a $1.9 billion investment in a bauxite project in Queensland, aiming to secure its supply chain. On the tech front, Apple launches its first foldable iPhone, receiving mixed reviews for its innovative design but also facing criticism for performance issues and app compatibility.
Show Notes
Monday 26 October 2026 Financial markets remain on tenterhooks as oil prices surge ahead of inflation figures this week. Australians are shifting from big cities to regional areas in near record numbers Apple’s new foldable iPhone is launched, with mixed reviews The owner of Thredbo ski village and Event Cinemas hopes upcoming blockbusters can make up for the lack of snow last winter Barack Obama unloads on the Trump administration
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