Oil tumbles to 4 month low | Another bank predicts delayed rate cut | SHEIN opens Paris store
Will petrol prices fall after oil prices tumbled to a 4-month low? Economists at ANZ the latest to push back their next rate cut prediction in to 2026. Also, Chinese online giant SHIEN picks Paris as the location for its first brick and mortar stores.
00:00 Petrol is at the bottom of the price cycle in Sydney, where it’s school holidays and heading into a long weekend
01:08 Gold has eased back from its record level, but still above $3,800 USD an ounce
01:54 Economists at ANZ became the latest to join a growing chorus pushing back their expectations for the next reduction until 2026 because of a pick up in inflation
02:20 The Australian sharemarket closed half a per cent higher, with eight of the 11 sectors finishing in the black
02:52 Telstra has been fined $18 million by the Federal Court for breaches of consumer law
03:24 A deal has been struck to secure the availability of cash around the country – and save Armaguard, which distributes it – from collapse
03:50 Chinese fast fashion giant SHEIN has its sights set on one of the world’s fashion capitals
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#FinanceNews #PetrolPrices #InterestRates #ASX #SHEIN
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