ASX futures down after record week
Wall Street ended mixed on Friday as earnings results disappointed and concerns grew over Donald Trump's push for new tariffs on European goods. The Dow fell 142 points, while the S&P 500 was flat and the Nasdaq edged higher.
Back home, attention turns to the Reserve Bank of Australia, with Tuesday's meeting minutes and a Thursday speech from governor Michele Bullock set to shape expectations ahead of the August board meeting. Markets had been pricing in a rate cut this month, but were caught off guard when the RBA held steady at 3.85 per cent. A jump in the unemployment rate, from 4.1 to 4.3 per cent, has since added weight to the case for easing.
'If markets can get their head around the fact that a rate cut is more likely than not, and Michele Bullock is seen to keep the door open to that this week, then markets may well continue on their merry way,' said Stephen Miller, an investment strategy adviser at GSFM.
This week's agenda
Minutes from the RBA's shock decision to hold rates at 3.85 per cent will be released on Tuesday, before Bullock delivers a major speech in Sydney on Thursday.
A string of results from US companies will be announced this week including those from Alphabet, Tesla, Honeywell, Lockheed Martin, Northrop Grumman and General Motors.
Locally, company earnings will be released from the likes of AMP, Woodside Energy, Fortescue and Whitehaven.
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News.com.au
25 minutes ago
- News.com.au
Starmer to press Trump on Gaza, trade in Scotland talks
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West Australian
36 minutes ago
- West Australian
‘Tyrell-ble': Beloved chip brand Tyrrells pulled from major Australian supermarkets due to low demand
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Perth Now
38 minutes ago
- Perth Now
Aussie snack lovers shattered as popular chips disappear from shelves
Australians have been caught off guard by the quiet disappearance of a beloved chip brand from supermarket shelves without warning. UK-born snack brand Tyrrells has been pulled from Woolworths, Coles and IGA stores, without an official announcement. The change was spotted by a frustrated Reddit user who posted about it last Thursday. 'Gone from their shelves without warning or even clearance tags. Didn't even get a chance to stock up,' the user wrote. 'These were f****** good, made in Australia with Aussie potatoes, and at $3.80 for 165g. Price does what it says, without stupid price hikes and fake offers.' Other users echoed the disappointment. 'WHAT! OUTRAGE! They were the only chips I bought,' one comment read. 'These are the king of chips and I am heartbroken,' another said. 'Damn, that's really disappointing. They were the best chips on the shelves,' a third added. 'Absolutely unacceptable. These are the only good chips,' someone else chimed in. 'That's tyrell-ble,' another joked. Coles has confirmed it is no longer stocking Tyrrells chips. Credit: Coles Woolworths has pulled Tyrrells chips from its shelves. Credit: Woolworths Snackbrands Australia, the maker of Tyrrells, confirmed the brand has been discontinued due to low demand. 'We always aim to bring delicious snacks to our consumers in line with their needs, however we sadly had to retire the Tyrrells brand from market due to insufficient levels of consumer demand,' the company said in a statement. 'We realise that there will always be true lovers of the brand out there however we need to balance the requirements of our consumers as well as our retail partners when making these tough decisions.' Both Coles and Woolworths confirmed to they are no longer stocking Tyrrells chips. has also reached out to IGA for confirmation. Snackbrands said Tyrrells will still be available 'for the foreseeable future' in some Harris Farm stores, and suggested fans try their other products. 'The good news is that we continue to innovate and offer great alternatives under our Kettle and Natural Chip Company brands,' a spokesperson added. The British-born Tyrrells chips have quietly disappeared from major supermarket shelves. Credit: Tyrrells / Facebook Tyrrells chips can still be found on Amazon, with nine 165g bags of the classic Pot Crispy Salted flavour currently available for $15.86. Some Reddit users reported spotting a few bags at 7-Eleven and The Reject Shop. Tyrrells, originally founded on a farm in Herefordshire, England in 2002, is known for its hand-cooked, premium potato chips made from locally grown ingredients. The brand entered the Australian market in 2014, initially importing products from the UK. From 2016, following its acquisition of Yarra Valley Snack Foods, Tyrrells chips were made locally in Victoria using Australian potatoes.
