The Australian share market looks set for a subdued Friday, even as Wall Street's main indices set fresh records, and Reddit debuts on the market with a massive share price jump. Follow the day's financial news and insights from our specialist business reporters on our live blog.The S&P/ASX 200 is lower at lunchtime today, dropping 0.47% to 7744, with energy, finance and utilities sectors leading the move down.
The worst performing stocks are Genesis Minerals and Telix Pharmaceuticals, while Fisher & Paykel Healthcare and Virgin Money are the top performers at the moment.New research is showing climate change will lead to a rise in inflation, including food prices. That's from a study by an environmental scientist and the European Central Bank that looked at monthly price tags of food and other goods, temperatures and other climate factors in 121 nations since 1996. of mortgage borrowers spend more on their mortgage repayments and essential living expenses than they earn. In its latest half-yearly review, the bank estimates this could peak above 6 per cent by the middle of this year if inflation remains higher than expected and interest rates were to rise half a percentage point above current levels.It seems obvious that people with the least are hurting the most, but it's sometimes not noted by those in charge of pulling the lever