Property profit boom showing signs of weakness ; Risk appetite returns to gloal markets
SBS On the MoneyShow Notes
Researchers at Domain say the profit boom of the past decade is starting to show early signs of weakness. Stephanie Youssef spoke to Domain's Chief of Economics and Reserch, Nicola Powell. Meanwhile, the ASX closed at its highest level since March, surging 1.4%, after a healthy rally on Wall Street. US President Donald Trump's comments - that negotiations to end the Iran war and open the Strait of Hormuz had resumed - triggered a heavy bout of risk-on sentiment. Clive Maguchu, senior strategist with State Street Investment Management, spoke to Rena Sarumpaet.
More from SBS On the Money
Delays to power upgrades at NextDC's Melbourne site forced a sharp downgrade, raising questions for data centre investors.
NAB says the cuts will simplify its operations, while promising no material impact to customer-facing banking roles.
Grattan proposes a 15 per cent GST that includes food, with tax cuts and welfare payments to offset the cost.
Australia’s jobless rate reaches 4.7%, raising questions about hiring, wages and the RBA’s next move.