AGP Executive Report
Last update: 7 hours agoMiddle East shock on markets: Oil and the Aussie dollar steadied but risk appetite stayed fragile after Trump said Iran’s ceasefire response is “on life support”, keeping Strait of Hormuz worries front and centre. ASX mood: The local market was set to open higher on Wall Street’s fresh records, but Monday’s slide still lingered as CSL’s sharp drop dragged healthcare and rattled sentiment. Household squeeze: A new survey found 42% of Australians have under $1,000 in savings and 77% are stressed, with grocery bills and rent/mortgage the biggest pressure points. Business confidence: NAB’s April confidence index improved only marginally while costs rose and investment plans cooled. Energy policy + grid build: Iberdrola completed module installation at its 377MW Broadsound solar-plus-storage project in Queensland, while NSW’s rebates list highlights ongoing pressure on power bills. Corporate watch: ASIC has launched a formal investigation into DroneShield’s disclosures around a $67m share sell-off. Resources leadership: BHP leapfrogged CBA to top the ASX on record gains tied to booming SA copper output.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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