

The inflation outlook is “materially worse” and coming third quarter inflation data are likely to confirm that view, Andrew Hauser, deputy governor of the Reserve Bank of Australia said.

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Pathward Financial, Inc. (Nasdaq: CASH) through its subsidiary, [url="]Pathward[/url]Â, N.A., (âPathwardâ) a national bank focused on expanding financial a

Envestnet Asset Management Inc. lessened its position in shares of iShares MSCI Australia ETF (NYSEARCA:EWA) by 53.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 109,098 shares of the exchange traded fund's stock after selling 125,617 shares during the period. Envestnet

Asian market opened the week firmer on Monday as a sharp slowdown in US hiring pushed investors towards a Federal Reserve pause this month, giving rate-sensitive technology stocks room to rebound. Japan led the advance, with the Nikkei 225 jumping 2.5% above 70,000 to a three-month high, while Taiwan's Taiex gained about 2.6%.


Australian shares hit a more than three-month low on Thursday, with most sectors trading in negative territory, as a sharp rise in oil prices revived concerns that inflation could stay persistent and keep monetary policy tight.

I rate the iShares MSCI Australia ETF a Buy, targeting a new all-time high above $34.83, over 20% upside from current levels. EWA serves as a proxy for commodity exposure, with Australia's export-driven economy benefiting from rising global demand and higher raw material prices. The ETF maintains a bullish trend since 2020, supported by robust commodity markets and a nearly 3% dividend yield while investors await capital appreciation.