Wake Up Call: Markets slide as inflation fears rise

Surging commodity prices are the “canary in the coalmine”, said AJ Bell investment director Russ Mould.

Wed, 12 May 2021

Summary New Zealand’s business community will this morning be examining last night’s Australia’s Budget for ideas and patterns that may be useful to adopt here. Sector winners included gaming, biotech and booze. Meanwhile, sharemarkets around the world have reversed from record highs, dropping on fears of US inflation.Budget boons One of the Australian Budget’s biggest boons for businesses is the extension for another year of an instant asset write-off that enables businesses to claim deductions upfront rather than throu...

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