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Last Updated: Friday, 8th August, 12:25PM
| ASX All Ords | 9081 | -0.23% |
| ASX 200 | 8815.2 | -0.18% |
| NZX 50 | 12942.19 | +0.43% |
| Dow Jones | 43968.64 | -0.51% |
| NASDAQ | 23389.53 | +0.32% |
| FTSE | 9100.77 | -0.69% |
| Hang Seng | 24968.62 | -0.45% |
| NIKKEI 225 | 41888.36 | +2.02% |
| DAX | 24192.5 | +1.12% |
Last Updated: Friday, 8th August, 12:25PM
| Oil | 63.88 | +0% |
| Gold | 3494.6 | +1.18% |
| Silver | 38.53 | +0.62% |
| S&P Futures | 6385.75 | +0.30% |
| Dow Futures | 44196 | +0.26% |
| NASDAQ Fut. | 23573.5 | +0.33% |
| Russell2000 | 2235.2 | +0.60% |
| 10YR Bonds | 4.244 | +0.57% |
| Vix | 16.57 | -1.19% |
Last Updated: Friday, 8th August, 5:25AM
| USD | $ | 0.6495 | United States Dollars |
| GBP | £ | 0.4845 | British Pounds |
| EUR | € | 0.5588 | European Union Euros |
| JPY | ¥ | 95.8071 | Japanese Yen |
| NZD | $ | 1.0935 | New Zealand Dollars |
| CAD | $ | 0.8941 | Canadian Dollars |
| CNY | 元 | 4.6671 | Chinese Yuan |
| IDR | Rp | 10599.5936 | Indonesian Rupiah |
| THB | ฿ | 20.9996 | Thai Baht |
Financial News & Information
| Australians Rank High in Wealth But Perceptions May Differ Fri, 08 Aug: The recently published 2025 UBS Global Wealth Report reveals that Australians maintain a high standing on the global wealth scale. According to the report, Australia ranks second worldwide when it comes to median wealth, boasting a typical median net worth of US$268,424. This indicates a relative affluence among Australians compared to other countries. - read more
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| Financial Services Sector: Catalyst for Australian Productivity Fri, 08 Aug: The Australian financial sector is poised to be a critical driver of national productivity, according to the new Assistant Treasurer and Minister for Financial Services, Daniel Mulino. With inflation beginning to ease and wages on the rise, Mulino highlights the significance of maintaining focus on not just inflation, but also on bolstering productivity to enhance long-term living standards. - read more
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| Rising Land Costs Fuel Australia's Housing Dilemma Fri, 08 Aug: Australia's housing market is grappling with stark increases in land costs, which are driving home prices to unprecedented heights. Recent data from the Australian Bureau of Statistics indicates that residential land values surged by 8.8% between 2023 and 2024, reaching a staggering $7.7 trillion. Over the past 35 years, these values have ballooned from 1.1 to 2.9 times the nation's GDP. - read more
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| Victorian Court Approves $34 Million Add-On Insurance Settlement Fri, 08 Aug: A Victorian court has ratified a $34 million settlement in a class action involving add-on insurance products sold by Suncorp. This settlement culminates the legal proceedings surrounding alleged unlawful sales practices. - read more
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| What Type of Insurance Does a Restaurant Need in Australia? Running a restaurant in Australia comes with a unique set of risks, making restaurant insurance a crucial consideration for business stability. Essential policies typically include public liability, property insurance, and workers’ compensation. These protect against claims for injury or property damage, damage to your premises, and staff-related incidents. For many restaurant owners, these core coverages form the foundation of a solid risk management plan. - read more
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| Why Every Commercial Kitchen Needs Equipment Insurance Running a commercial kitchen in Australia means relying heavily on specialised equipment, from ovens and deep fryers to refrigeration and extraction systems. These assets are critical to daily operations and represent a significant investment for any restaurant or café owner. Protecting this equipment is vital, as unexpected damage or faults can quickly disrupt service and impact your bottom line. - read more
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| How to minimise risk and stay compliant when starting a new restaurant Restaurant insurance in Australia provides vital protection for businesses in the hospitality sector. A tailored restaurant insurance policy can help cover a variety of risks unique to the industry, such as property damage, equipment breakdowns, customer injuries, and food contamination incidents. For many restaurant owners, having the right level of insurance is an essential part of running a compliant and resilient business. - read more
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| How Much Does Restaurant Insurance Cost in Australia? Restaurant insurance cost in Australia can vary widely, largely depending on several key factors unique to each business. Insurers assess elements such as the size of your restaurant, the type of food service, the number of employees, and whether alcohol is served. Additional considerations include your claims history, annual turnover, and the specific risks associated with your operations. These details help insurers determine an appropriate premium for your restaurant business insurance package. - read more
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