The Australian share market looks set for a subdued Friday, even as Wall Street's main indices set fresh records, and Reddit debuts on the market with a massive share price jump. Follow the day's financial news and insights from our specialist business reporters on our live blog.Live updates on the major ASX indices:It seems obvious that people with the least are hurting the most, but it's sometimes not noted by those in charge of pulling the levers.
For all of the criticism of the Reserve Bank's tin-ear about the impact of its actions on interest rates - it's good to read this note in the FSR:This is especially true for lower income households, including many renters, and the indebted households already facing acute budget pressures . Under the economic outlook presented in the February Statement on Monetary Policy, these pressures are expected to gradually ease over the next few years as inflation declines and real incomes rise".But there are risks, obviously... here are the top 4.Among the global risks, several stand out as having the potential to adversely affect financial stability in Australia: Further weakness in the Chinese property sector could interact with longstanding macro-financial vulnerabilities there. If stresses in the Chinese economy and financial system intensified or broadened, they could spill over to the rest of the world (including Australia) through trade channels and an increase in global risk aversio
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Source: abcnews - 🏆 5. / 83 Read more »