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Last Updated: Friday, 30th May, 7:25PM
| ASX All Ords | 8660.3 | +0.26% |
| ASX 200 | 8434.7 | +0.30% |
| NZX 50 | 12418.89 | +1.12% |
| Dow Jones | 42215.73 | +0.28% |
| NASDAQ | 21363.951 | +0.21% |
| FTSE | 8780.62 | +0.74% |
| Hang Seng | 23289.77 | -1.20% |
| NIKKEI 225 | 37965.1 | -1.22% |
| DAX | 24135.68 | +0.85% |
Last Updated: Friday, 30th May, 7:25PM
| Oil | 61.37 | +0.71% |
| Gold | 3322.1 | -0.65% |
| Silver | 33.295 | -0.38% |
| S&P Futures | 5913.25 | -0.16% |
| Dow Futures | 42236 | -0.07% |
| NASDAQ Fut. | 21368.25 | -0.19% |
| Russell2000 | 2070.4 | -0.37% |
| 10YR Bonds | 4.424 | -1.18% |
| Vix | 19.28 | +0.52% |
Last Updated: Friday, 30th May, 5:25PM
| USD | $ | 0.6410 | United States Dollars |
| GBP | £ | 0.4756 | British Pounds |
| EUR | € | 0.5649 | European Union Euros |
| JPY | ¥ | 92.3462 | Japanese Yen |
| NZD | $ | 1.0769 | New Zealand Dollars |
| CAD | $ | 0.8858 | Canadian Dollars |
| CNY | 元 | 4.6090 | Chinese Yuan |
| IDR | Rp | 10456.9884 | Indonesian Rupiah |
| THB | ฿ | 20.9872 | Thai Baht |
Financial News & Information
| Student Debt Reduction Laws Still Months Away: What Aussies Need to Know Fri, 30 May: Millions of Australians will see no immediate relief from their student debt as the promised reduction by the Labor government remains months away from implementation. Despite plans to reduce HECS, VET, and apprenticeship loans by 20 per cent, an increase in student debt due to annual indexation is slated for Sunday. This will be addressed once the new legislature is introduced when parliament convenes in late July. - read more
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| AMP Faces Legal Battle Over Alleged Superannuation Fee Overcharges Fri, 30 May: Australian financial services company AMP Limited is currently embroiled in a class action lawsuit in the Federal Court over allegations of excessive superannuation fees. The legal proceedings, led by law firms Slater and Gordon and Maurice Blackburn, claim that AMP trustees systematically overcharged superannuation account holders between 2008 and 2020, particularly those with high-fee products such as MySuper accounts, cash, and term deposits. - read more
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| ASX Gains Amid Temporary Pause on Trump Tariff Policies Fri, 30 May: The Australian Securities Exchange (ASX) experienced an uptick on Thursday following a US court decision impacting former President Donald Trump's tariff policies. This development ignited a rally in energy and information technology sectors, resulting in the ASX 200 index climbing by 12.9 points, or 0.15%, to close at 8,409.80. Simultaneously, the All Ordinaries mirrored this performance, concluding 12.90 points higher at 8,637.80. - read more
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| Super Contributions Rise Amidst Guarantee Increase Fri, 30 May: The Australian superannuation landscape has seen a modest uplift in total contributions, bolstered by an increase in the superannuation guarantee to 11.5% starting July last year. However, this positive movement was contrasted by a slight decrease in assets by 0.8% for the first quarter, settling at $4.1 trillion. - read more
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| Top 5 Financial Tips for Australian Young Families Starting a family is one of life's most rewarding experiences, but it also comes with a unique set of financial challenges. For young families in Australia, where the cost of living can rise quickly, having a solid financial plan is crucial. Financial planning is not just about managing money; it's about creating a sense of security and peace of mind for your loved ones. - read more
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| Investing 101: A Beginner's Guide for Australian Adults Investing can initially seem daunting, but it’s essentially the act of allocating money with the expectation of generating an income or profit over time. It's important because investing offers the potential for your money to grow and outpace inflation, ensuring you have a secure financial future. - read more
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| Maximise Your Superannuation: Strategies for a Comfortable Retirement Superannuation, commonly known as 'super,' is a crucial part of planning for a comfortable retirement. It serves as a long-term savings measure, gradually increasing in value to support you once you stop working. But what exactly is superannuation? - read more
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| Essential Insurance Types Every Cafe Owner Should Consider Running a cafe is more than just serving delightful coffee and snacks; it's about creating an experience and ensuring that experience is safeguarded. While the hospitality industry can be incredibly rewarding, it's not without its risks. This is where the importance of insurance comes into play, acting as a crucial safety net for cafe owners. - read more
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