Australia Morning Brief: Markets Slip, Intergenerational Report Drops, and Albanese Takes Australia to the World

Futures point to a 57-point slide (0.7%) at Monday's open after Wall Street limped through a mixed Friday. Brent crude hovers at US$103.87 a barrel — up from US$70 in July — while the US 10-year Treasury yield topped 5 per cent for the first time since 2023. The Australian dollar sits at US71.11¢. Rising yields and stubborn oil prices are squeezing everything from household budgets to corporate borrowing costs.

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