AGP Executive Report
Last update: 2 hours agoMarkets & Rates: Softer US jobs data lifted Wall Street near highs, easing inflation fears and pointing to a firmer ASX open, while global markets remain focused on inflation, sovereign yields and geopolitics. Housing & Cost of Living: Australia’s card surcharge ban is already feeding through to higher café/restaurant prices, and rent payment changes are raising arrears fears for tenants who rely on credit cards. Energy & Climate: Australia’s home battery boom is outpacing rooftop solar as rebates drive record installs, while Pacific leaders push for stronger climate action as extreme weather bites. Property & Construction: Victoria faces a fresh construction safety scare after reports of fake training certificates circulating on Big Build sites. Business & Regulation: Medicinal cannabis prescriber MOCA admitted it wrongly marketed products as TGA-approved, and Australia’s payments shift is forcing banks and agencies to change processes. Corporate Moves: AkzoNobel is nearing a $1bn+ sale of its Southeast Asian decorative paints business to Nippon Paint. Fintech: Revolut’s rise to a $115bn valuation underlines intensifying competition with traditional banks, including plans to expand further globally. Regional Economy: SA short-stay operators are reacting to proposed registration rules amid housing affordability concerns.
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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