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Last Updated: Wednesday, 9th July, 5:25AM
| ASX All Ords | 8828.7 | +0.03% |
| ASX 200 | 8590.7 | +0.02% |
| NZX 50 | 12859.02 | +0.74% |
| Dow Jones | 44406.36 | -0.94% |
| NASDAQ | 20399.244 | -0.07% |
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| DAX | 24073.67 | +1.20% |
Last Updated: Wednesday, 9th July, 5:25AM
| Oil | 68.35 | +0.62% |
| Gold | 3312.7 | -0.90% |
| Silver | 36.83 | -0.20% |
| S&P Futures | 6282.75 | +0.11% |
| Dow Futures | 44636 | -0.09% |
| NASDAQ Fut. | 22948.5 | +0.28% |
| Russell2000 | 2239.3 | +0.46% |
| 10YR Bonds | 4.417 | +0.50% |
| Vix | 17.02 | -4.33% |
Last Updated: Wednesday, 9th July, 5:25AM
| USD | $ | 0.6528 | United States Dollars |
| GBP | £ | 0.4803 | British Pounds |
| EUR | € | 0.5569 | European Union Euros |
| JPY | ¥ | 95.7331 | Japanese Yen |
| NZD | $ | 1.0902 | New Zealand Dollars |
| CAD | $ | 0.8932 | Canadian Dollars |
| CNY | 元 | 4.6880 | Chinese Yuan |
| IDR | Rp | 10575.3600 | Indonesian Rupiah |
| THB | ฿ | 21.2421 | Thai Baht |
Financial News & Information
| Advice Firms Merge to Form National Financial Services Powerhouse Tue, 08 Jul: Coastal Advice Group (CAG) has announced a strategic merger with Calder Wealth Management (CWM), marking a significant expansion into a national presence with a team of over 100 professionals spanning New South Wales, Victoria, South Australia, and Western Australia. This merger follows CAG's recent partnership with US private equity firm Merchant Investment Management. - read more
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| MUFG and WrKr Secure AustralianSuper Mandate for Payday Superannuation Tue, 08 Jul: MUFG Retirement Solutions, in collaboration with digital workforce compliance firm WrKr Ltd, has successfully secured a pivotal mandate with AustralianSuper. This development marks a significant step ahead of the anticipated rollout of Payday Superannuation across Australia. - read more
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| RBA to Continue Interest Rate Cuts Amid High Unemployment Tue, 08 Jul: The Reserve Bank of Australia (RBA) is anticipated to maintain its trajectory of incremental interest rate reductions, according to insights from leading financial analysts at ANZ. Recent data from the ANZ-Indeed Australian Job Ads series revealed a rise from 114.8 in May to 116.9 in June, suggesting a potential rebound in job advertisements after previous declines. Despite a stable unemployment rate and hours-based underutilisation rate since mid-2024, the Australian labour market remains strained. - read more
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| ICA Advocates for Strata Law Reform in the ACT to Enhance Building Management Tue, 08 Jul: The Insurance Council of Australia (ICA) is urging the Australian Capital Territory (ACT) to adopt strata transparency regulations, aiming to enhance oversight of building repairs and maintenance by owners’ committees. This call was made during a parliamentary inquiry, where the ICA pushed for measures akin to recent legislative changes in New South Wales. - 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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