ASX to dip; Adbri chief's windfall; Facebook falls after outage
Australian shares lower; risk-off sentiment saps tech; Adbri boosts chief’s remuneration; US oil touches seven-year high; consumer confidence up; RBA to meet.
Source: afr.com
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The inflation that should worry you
If energy costs rise and supply chains seize up further, triggering price rises, then that could be a warning sign for the economy.
Source: afr.com
Banks prepare for lending restrictions as investors dive into market
As new data shows property prices are rising at their fastest rate in more than 30 years, banks are preparing for lending restrictions before the end of the year.
Source: watoday.com.au
Australia COVID: Budget bottom line deteriorates as jobs disappear across Sydney
The budget deficit could be up to $35 billion worse than expected as lockdowns hit the economy, with people in south-west Sydney paying the highest price.
Source: theage.com.au
Morrison backs WA's vaccine passport for NSW travellers while lockdowns exist
Prime Minister Scott Morrison says restrictions on unvaccinated people travelling interstate should only last while lockdowns are used to suppress COVID-19.
Source: smh.com.au