What led to the better-than-expected year for super | The Business | ABC News
It turned out to be a stronger-than-expected financial year for many people's retirement savings, with record high stock markets driving up super balances – despite cost-of-living worries and worries about higher interest rates.
Banking, consumer discretionary and some tech stocks were the star performers, while supermarkets and lithium stocks didn't do as well.
Analysts will be keeping an eye on future rate rises, consumer spending and debt levels and the Chinese economy.
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Видео What led to the better-than-expected year for super | The Business | ABC News канала ABC News (Australia)
Banking, consumer discretionary and some tech stocks were the star performers, while supermarkets and lithium stocks didn't do as well.
Analysts will be keeping an eye on future rate rises, consumer spending and debt levels and the Chinese economy.
#ABCBusiness #abcnewsaustralia #eofy
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2024-07-01/business-eofy-wrap/104028418
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on X (Twitter): http://twitter.com/abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia
Видео What led to the better-than-expected year for super | The Business | ABC News канала ABC News (Australia)
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