FEAR & GREED | Business News Rate cut hopes increase; PM hits out at Trump Administration; internet advertising surges
Jun 1, 2025
Anticipation builds for potential interest rate cuts as retail spending stagnates. Prime Minister Albanese criticizes the Trump administration's tariffs that impact defense and trade. House prices are on the rise, and the wealth of Australia's richest individuals has surged significantly. Internet advertising hits a record $4.2 billion, driven largely by video ads. Ryanair's CEO makes headlines with a staggering $200 million payday, raising questions about corporate compensation in the current market.
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Growing Chances of Rate Cuts
- Economic data shows sluggish retail sales and a drop in building approvals, indicating a slow economy.
- This slowdown increases pressure on the Reserve Bank to consider cutting interest rates soon.
Market and Currency Trends
- The Australian share market rose last week and is close to its all-time high.
- Falling US dollar and policy uncertainties influence the Aussie dollar to strengthen against major currencies.
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