Market expectations forecast company earnings will be down roughly 20 per cent with the mining sector leading the charge due to skyrocketing iron ore prices.
AMP Capital’s Shane Oliver told Sky News he expects dividends to be cut by about 40 per cent. “It’s not just banking, it’s companies outside banking which will likely cut dividends,” he said. Image: Getty
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❗️10.5 per cent or almost six Sydney Harbours of Australia's water foreign owned ❗️China now the single biggest foreign owner of Australian water at 1.9 per cent ❗️Farmers struggling to afford water due to hiked up prices by overseas buyers