The RBA lifted the cash rate by 0.25% to 4.35%, taking it back to the post‑pandemic peak. Higher fuel prices linked to the Middle East conflict add to domestic inflation pressures and uncertainty. Read the full update...
The RBA lifted the cash rate by 0.25% to 4.35%, taking it back to the post‑pandemic peak. Higher fuel prices linked to the Middle East conflict add to domestic inflation pressures and uncertainty. Read the full update...
Sharp declines in global and Australian share markets as conflict in the Middle East pushed oil prices higher and lifted inflation and geopolitical risk concerns.
Geopolitical tensions in the Middle East have lifted market volatility, with oil prices emerging as a key driver of recent movements. Despite initial disruptions, markets have remained relatively orderly, highlighting the importance of perspective during periods of uncertainty.
Financial markets have remained relatively orderly, despite heightened geopolitical tensions following US and Israeli military action against Iran. Oil and gold prices rose sharply on initial supply concerns, while Australian shares have eased modestly from record highs.
The Australian equity market finished the month lower, aligning with other Developed Markets.
