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Last Updated: Saturday, 12th July, 9:25AM
| ASX All Ords | 8820.3 | -0.07% |
| ASX 200 | 8580.1 | -0.11% |
| NZX 50 | 12686.68 | -0.58% |
| Dow Jones | 44371.51 | -0.63% |
| NASDAQ | 20585.527 | -0.22% |
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Last Updated: Saturday, 12th July, 9:25AM
| Oil | 68.75 | +3.27% |
| Gold | 3370.3 | +1.34% |
| Silver | 39.075 | +4.74% |
| S&P Futures | 6288.25 | -0.57% |
| Dow Futures | 44626 | -0.63% |
| NASDAQ Fut. | 22904.25 | -0.47% |
| Russell2000 | 2261.3 | -0.82% |
| 10YR Bonds | 4.423 | +1.77% |
| Vix | 16.77 | +6.27% |
Last Updated: Saturday, 12th July, 5:25AM
| USD | $ | 0.6583 | United States Dollars |
| GBP | £ | 0.4871 | British Pounds |
| EUR | € | 0.5630 | European Union Euros |
| JPY | ¥ | 97.0568 | Japanese Yen |
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Financial News & Information
| Increasing Number of Qualified Financial Advisers Opt Out of Practice Fri, 11 Jul: Recent analysis from WealthData indicates a growing trend among financial advisers in Australia, where a significant portion of those who have successfully passed the financial adviser exam are opting not to practice. As of now, 5,096 individuals, representing 33.31% of active advisers, have chosen not to proceed into practice after passing the exam—up from 28.36% a year prior. - read more
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| Australians Increasingly Relying on Family Wealth for Financial Security Fri, 11 Jul: Recent research by leading comparison site Finder indicates that family wealth is becoming an essential financial fallback for many Australians. A survey involving 1,017 individuals revealed that 41% expect to receive an inheritance, with 10% of those viewing it as essential for achieving significant financial milestones like home ownership or retirement. - read more
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| MUFG and Microsoft Forge AI Partnership to Transform Superannuation Services Fri, 11 Jul: MUFG Pension and Market Services (MPMS), a leading player in Australia’s superannuation administration landscape, has announced a strategic partnership with Microsoft to integrate artificial intelligence (AI) into its operations. This five-year alliance aims to revolutionise how MPMS communicates with investors, reduces manual tasks, and implements straight-through processing. The collaboration is designed to benefit clients in the superannuation and listed companies sectors, enabling a streamlined and more efficient service. - read more
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| Melbourne's Housing Market: A Prime Opportunity For Buyers Fri, 11 Jul: The Reserve Bank of Australia (RBA) recently surprised many by maintaining the interest rate at 3.85%, against expectations of a cut. This decision is seen as a measure to continue moderating inflation, but it simultaneously delays potential spikes in the housing market, providing a favorable window for prospective homebuyers. In particular, Melbourne's current market presents significant value, offering a promising opportunity for those looking to enter the property market. - 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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