AGP Executive Report
Last update: 2 hours agoASX & global markets: Wall Street rallied as oil prices eased on hopes around US-Iran de-escalation, with the ASX set to open slightly lower despite a lift after Trump signalled he’d hold off on new strikes. Energy & oil: Big oil profits are surging as conflict keeps crude elevated, while analysts warn the refining boom tied to the Iran war won’t last. Housing affordability: REA data shows Perth’s market has “ground to a standstill”, with prices down and more stock on market as higher rates and budget tax changes cool demand. Tech & local media: Australia is pushing higher big-tech fees for failing to strike local news deals, adding pressure as regulators keep tightening the rules. Regulation & consumer risk: ASIC issued a stark warning on offshore prediction markets, saying Australians are likely to lose money without protections. Insurance costs: NSW emergency services levy is back in focus as households report big premium jumps, with calls to scrap the levy amid rising insurance bills. Migration & policy: Australia’s myGov has hit 10m users as digital ID reforms advance, while FM Khalilur Rahman urged more regular migration pathways for Bangladeshis. Business & growth: HSBC is selling a large Australian home-loan portfolio to Blackstone, signalling continued reshaping of retail banking.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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