How Iran Turmoil Flows to Australian Equities, Petrol Prices, Reserve Bank Policy

Good morning, it’s Angus in Sydney. As the Middle East war broadens, our own markets reporter Richard Henderson expertly explains in our podcast how the turmoil is flowing through to the ASX, petrol prices and even Reserve Bank policy. Goldman Sachs Chairman David Solomon, who’s currently in Sydney for a firm gathering, doesn’t appear too worried about the market fallout — so far. And in a fresh potential monetary policy twist, Australia’s economic growth has kept the door open to another interest-rate hike. — Angus Whitley, Global Business reporter

Australia’s economy accelerated in the final three months of last year and showed broad-based momentum, reinforcing price pressures and keeping alive further Reserve Bank interest-rate hikes. The rebound reflects the cumulative impact of the RBA’s brief easing cycle last year.