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Last Updated: Friday, 1st August, 9:25PM
| ASX All Ords | 8917.1 | -0.91% |
| ASX 200 | 8662 | -0.92% |
| NZX 50 | 12729.4 | -0.74% |
| Dow Jones | 44130.98 | -0.74% |
| NASDAQ | 23218.123 | -0.55% |
| FTSE | 9075.68 | -0.63% |
| Hang Seng | 24507.81 | -1.07% |
| NIKKEI 225 | 40799.6 | -0.66% |
| DAX | 23618.95 | -1.86% |
Last Updated: Friday, 1st August, 9:25PM
| Oil | 68.66 | -0.87% |
| Gold | 3353.2 | +0.14% |
| Silver | 36.585 | -0.35% |
| S&P Futures | 6309.75 | -1.01% |
| Dow Futures | 43885 | -0.95% |
| NASDAQ Fut. | 23098.25 | -1.14% |
| Russell2000 | 2188.5 | -1.43% |
| 10YR Bonds | 4.36 | -0.37% |
| Vix | 18.96 | +13.40% |
Last Updated: Friday, 1st August, 5:25PM
| USD | $ | 0.6435 | United States Dollars |
| GBP | £ | 0.4871 | British Pounds |
| EUR | € | 0.5627 | European Union Euros |
| JPY | ¥ | 96.8918 | Japanese Yen |
| NZD | $ | 1.0949 | New Zealand Dollars |
| CAD | $ | 0.8945 | Canadian Dollars |
| CNY | 元 | 4.6442 | Chinese Yuan |
| IDR | Rp | 10610.6715 | Indonesian Rupiah |
| THB | ฿ | 21.1004 | Thai Baht |
Financial News & Information
| Financial Adviser Numbers Decline by 164 During 2024/25 Fri, 01 Aug: As the financial sector moved into 2025, there was cautious optimism that the number of financial advisers in Australia might exceed 15,500. However, recent analysis of the Financial Adviser Register (FAR) paints a different picture, indicating that these hopes may have been misplaced. - read more
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| Progressive Super Surcharge: A Fairer Tax Alternative Fri, 01 Aug: Wilson Asset Management (WAM) has put forward a new proposal, the Progressive Super Surcharge and Tax Offset, in response to ongoing critiques of Labor's current superannuation tax changes encapsulated in Division 296. This move comes amid concerns about the implications of taxing unrealised gains, prompting WAM to suggest an alternative that applies to realised gains for super balances exceeding $3 million, intending to generate $2.433 billion in revenue. - read more
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| Complexities in Reverse Mortgages Alarm Older Australians Fri, 01 Aug: Many older Australians are increasingly struggling to understand the reverse mortgage market, according to recent research and inquiry records from the national brokerage, Seniors First. This complexity is evidenced by a threefold rise in inquiries from Australians over 60 during the past two years, largely driven by concerns over living costs, misconceptions about the products, and inadequate access to information. - read more
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| Kell to Lead Comprehensive Review of Australia's Life Insurance Code Fri, 01 Aug: Starting on October 1, a comprehensive review of the voluntary Life Insurance Code of Practice will commence, with a focus on assessing the effectiveness of revisions made to its regulations and standards in 2023. The Council of Australian Life Insurers (CALI) has appointed Peter Kell to lead this independent review and deliver the final report by June 30 next year. - 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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