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Politics live: Hastie dubs inflation a ‘silent tax eating away at wealth’; half of young Australians say US a ‘threat’

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Politics live: Hastie dubs inflation a ‘silent tax eating away at wealth’; half of young Australians say US a ‘threat’

Liberal MP Andrew Hastie has said Australians should be “very concerned” about the prospect of another interest rate rise.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TIP iShares TIPS Bond ETF-0.5% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XLP Consumer Staples Select Sector SPDR-4.0% 16d

    Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • EWA iShares MSCI Australia ETF+2.2% 30d

    iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“australian”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Australia

  • EFA iShares MSCI EAFE ETF-2.2% 11d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Australia

  • WMT Walmart+11.0% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+11.0% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • PG The Procter & Gamble+8.9% 30d

    The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TIPNo price data for this ticker———————
XLPNo price data for this ticker———————
EWANo price data for this ticker———————
BWXNo price data for this ticker———————
EFANo price data for this ticker———————
WMTNo price data for this ticker———————
COSTNo price data for this ticker———————
PGNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Follow the day’s news live Get our breaking news email , free app or daily news podcast Liberal MP Andrew Hastie has said Australians should be “very concerned” about the prospect of another interest rate rise. He tells ABC Radio National:…

Source: The Guardian

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This story

12 out of 100

“Politics live: Hastie dubs inflation a ‘silent tax eating away at wealth’; half of young Australians say US a ‘threat’” scores 12 out of 100. The score uses 1 sources.