Download IPFS Australia’s labour market took a sharp turn in June, adding just 2,000 jobs—well below the 30,000 projected by economists, pushing the national unemployment rate up from 4.1% to 4.3%.This marks the highest unemployment level in more than two years and points to a softening trend that is beginning[Read More…]

Download IPFS Australia’s share market closed the week on an emphatic high, smashing previous records as every sector on the board posted gains. The S&P/ASX 200 (Standard & Poor’s/Australian Securities Exchange 200) soared by 118.2 points or 1.37% to end Friday at a record 8,757.2 marking the index’s biggest single-day[Read More…]

Download IPFS Australia’s massive superannuation system, the world’s third-largest pension pool, faces significant exposure to potential bond market turmoil as global financial conditions tighten. The risk arises from the unwinding of the “yen carry trade,” where investors borrow cheap Japanese yen to invest in higher-yielding assets abroad. Market volatility last[Read More…]

Download IPFS Australia’s top companies are facing an unprecedented earnings recession, with Morningstar forecasting a third consecutive year of declining profits for ASX 200 firms. Earnings are expected to fall by 1% in FY2025 following declines of 10% and 4% in the previous two years. This troubling trend persists even[Read More…]

Download IPFS Australia’s stock market capped off a remarkable week with its third record-breaking session in five days, driven by a strong performance from major iron ore miners and healthcare giants. On Friday, the benchmark S&P/ASX 200 index (Standard & Poor’s/Australian Securities Exchange 200) jumped 118.20 points, or 1.37%, closing[Read More…]

Download IPFS Australia’s sharemarket continues to defy global headwinds, posting yet another record high this week, even as broader economic signals raise long-term concerns. The S&P/ASX 200 index (Standard & Poor’s/Australian Securities Exchange 200) surged once again, mirroring gains on Wall Street despite persistent uncertainties in the global economy. Analysts[Read More…]