AGP Executive Report
Last update: 8 hours agoASX & markets: Australia’s sharemarket is set for a flat start as Wall Street dips, with investors watching Nvidia and Qantas results. Inflation & rates: Fresh data keeps the RBA on alert, with Australia’s inflation still “sticky” around 3.5% and markets re-pricing rate-hike risk. Food prices: Wheat futures jump to a three-year high as Black Sea shipping disruptions and broader geopolitical risks raise the odds of another food-inflation cycle. Housing: Melbourne home values are now lower than five years ago, reflecting high rates and building pressure, while agents brace for a tougher market. Energy & data centres: The federal government signals a more “flexible” approach to data-centre power rules, easing the renewables-only push for some states. Tech regulation: Australia’s under-16 social media ban is being compared with moves in the UK, as governments tighten child-safety rules. AI outsourcing: South Africa is emerging as an AI outsourcing hub, with demand from US, UK and Australia. Corporate & legal: KPMG Australia is reported to be cutting jobs after a government contract suspension, while class actions are being “declassed” in COVID business-interruption disputes.
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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