SBS News In Depth

The Australian sharemarket bounced back from a seven-week low as easing tensions in the Middle East lifted investor confidence, with the ASX200 rising 1.2 per cent. Ricardo Gonçalves speaks with Westpac Senior Economist Matthew Hassan about why Australians remain deeply pessimistic despite a slight lift in consumer sentiment, as the Reserve Bank warns businesses are preparing further price hikes and workers push for higher wages. Plus, Michael Jenneke from UBS Global Wealth Management breaks down the day’s market action, including gains for supermarkets, banks and telcos, while energy stocks slipped as oil prices eased.

Millions of volunteers across Australia are celebrating the annual National Volunteer Week this week, sharing their joy of contributing back to their own communities. The theme for the National Volunteer Week this year is 'Your Year to Volunteer', honouring the contributions of volunteers and calling for more to join volunteering.

United States President Donald Trump says he has held off on an attack on Iran that was planned for today after Gulf countries' request. But President Trump says the U-S military is still prepared to go forward with a full, large scale assault on Iran if no deal is reached.

A coalition of health organisations says tobacco companies are exploiting concerns about the illicit cigarette trade to undo decades of smoking control policies and push for tax cuts. The health organisations say they are particularly concerned by reports MPs heard evidence from tobacco giant Philip Morris in secret.

The ASX200 has fallen to a seven-week low as surging oil prices and rising inflation fears rattle global markets. In this episode of SBS On the Money, Ricardo Gonçalves speaks with David Scutt from StoneX Group Inc. about the market sell-off, the impact of the Middle East crisis on energy prices, and why investors are now bracing for possible interest rate rises in the United States after inflation climbed to a three-year high. The episode also looks at sharp losses for Brambles and major miners including BHP.