ASX LIVE: ASX rises; PointsBet jumps, banks rebound
Australian shares down 0.7pc; US recession likely in 2023: NAB, iron ore futures plunge; UBS downgrades Bega; PointsBet secures $94.2m investment. Follow updates here.
Stay updated with breaking news from Vicinity Centres. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Australian shares down 0.7pc; US recession likely in 2023: NAB, iron ore futures plunge; UBS downgrades Bega; PointsBet secures $94.2m investment. Follow updates here.
Australian shares retreated as falling oil and iron ore prices added to concerns that high energy costs would reinforce the risk of a global recession.
Digital Out-of-Home (DOOH) advertising, the category with high value and relevant audiences, is about to achieve new heights in Australia.
While still outperforming global peers year-to-date, the ASX200 experienced a -2.6% loss (total return) in May as losses in the real estate and technology sectors outweighed a small gain in the materials sector
The flurry of deal-making comes as borrowing costs begin to rise: higher margins on commercial debt will further squeeze the return for property investors, pushing them to lock in better yields.