August 18, 2025August 18, 2025 Google has agreed to pay a fine of A$55 million (approximately $36 million) in Australia after admitting to striking anti-competitive deals with Telstra and Optus. Between late 2019 and early 2021, Google paid the two telcos to pre-install its search…
Markets spent the past week navigating a narrow path between relief and reality. Relief came from headline trade developments that bought more time for diplomacy. Reality showed up in the form of fresh price pressures and unresolved global tensions. The contrast defined how investors approached risk, producing a complex mix of resilience and unease. On…
Markets showed surprising composure last week as equities climbed and Dollar dominate FX rankings. NASDAQ’s relentless ascent and a fresh record for the S&P 500 highlighted investor confidence despite growing political noise and tariff tensions. Elsewhere in FX, Euro and Sterling held firm, along with Loonie but were largely lifted by relative outperformance. Meanwhile, Aussie…
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Australian Dollar rebounds after Thursday’s sell-off triggered by weak jobs data. A softer US Dollar and falling Treasury yields ease pressure on the Aussie. US Michigan Consumer Sentiment beats expectations but fails to lift the Greenback. The Australian Dollar (AUD) is recovering lost ground on Friday after a sharp sell-off on Thursday, which was fueled…
Global markets brushed aside the latest escalation in the US-led trade war last week, with equities rallying to fresh record highs and risk appetite proving remarkably resilient. Overall, the muted investor response suggested markets were pricing in the tariff headlines as more bark than bite, at least for now. Aussie led pack, benefiting from a…
July 9 tariff deadline looms as trade deals remain elusive. Fed minutes to be watched after positive jobs report. RBA expected to cut but RBNZ to likely stay on hold. OPEC+ to probably raise output again. UK GDP, Canadian employment and Chinese CPI data also on tap. The race to the finish line It’s been…
In an effort to curb the misuse of cryptocurrency ATMs, Australian authorities have identified 90 individuals, many of them scam victims or unwitting money mules, following a months-long investigation led by AUSTRAC’s cryptocurrency taskforce. The operation was conducted in collaboration with federal and state law enforcement agencies and marks a significant step in understanding how…
Ongoing Israel-Iran tensions to keep risk sentiment in check. US core PCE and consumption data to offer much-needed distraction. CPI readings also due in Canada, Australia and Japan. Flash PMIs for June in the spotlight too amid tariff chaos. US data eyed amid doubts about economy and geopolitics There’s been some good news and bad…
May’s Australian employment data surprised to the downside, with a -2.5k decline compared to expectations of a 19.9k gain. Yet beneath the weak headline, the composition was stronger than it appears: full-time jobs surged 38.7k while part-time jobs plunged by -41.1k. Unemployment rate was unchanged at 4.1%, and the participation rate edged down from 67.1%to…