Australia's sovereign wealth fund achieves 13.7% annual return on stocks and alternative investments.
Fund Performance: Australia's Future Fund achieved a 13.7% gain for the year ending September 30, with total assets rising to A$261 billion, driven by strong performance in global equities, infrastructure, and alternative assets.
Economic Outlook: CEO Raphael Arndt highlighted the fund's readiness to navigate a multipolar world marked by strategic competition and rapid technological change, predicting higher nominal growth and inflation alongside uneven sector returns.
Leadership Change: The fund's leadership saw a transition with the departure of former chief investment officer Ben Samild, who took a new role as chief strategist at the Abu Dhabi Investment Council.
Inflation Trends: Recent economic indicators show that Australia's Q3 producer inflation reached a one-year high of 1.0% quarter-over-quarter, while the Q3 CPI unexpectedly surged to 3.2%, marking a 14-month high.
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Australia Maintains Interest Rate, Signals Inflation Concerns
Reserve Bank of Australia Decision: The Reserve Bank of Australia maintained its cash rate at 3.6% in its final meeting of 2025, reflecting market expectations and the lowest borrowing costs since April 2023.
Inflation and Economic Indicators: While inflation has eased since its peak in 2022, recent data indicates a potential rise in broader price pressures, prompting the bank to adopt a cautious approach in policy reassessment.
Market Reactions: Following the monetary policy decision, the Australian dollar increased to approximately $0.663, and government bond yields reached their highest level since November 2023.
Business Confidence Decline: The NAB Business Confidence Index fell to 1 in November 2025, the lowest since April, indicating weakening business sentiment amid a gradually rising unemployment rate and slowing employment growth.
Australia's Trade Surplus Expands to AUD 4.39B in October as Strong Exports Exceed Record Imports
Trade Surplus Growth: Australia's goods trade surplus increased to AUD 4.39 billion in October 2025, exceeding expectations and marking the largest surplus since July, driven by a 3.4% rise in exports, particularly in non-monetary gold.
Import Trends: Goods imports also rose by 2.0% to AUD 41.59 billion, reflecting strong domestic demand and early festive-season stocking, despite a decline in exports to the U.S. and China.
Market Performance: The S&P/ASX 200 Index rose 0.27% to around 8,570, with losses in gold stocks and rate-sensitive sectors offsetting gains in mining, while the Australian dollar strengthened to $0.661.
Economic Indicators: Despite a softer-than-expected GDP in Q3, the Australian economy continues to show growth, with a rebound in the manufacturing PMI signaling a return to growth.