FINSOC Weekly Wraps Vol.04

Apr 17, 2022 Weekly Wraps

On Wednesday (14th April), the Treasurer, Josh Frydenberg revealed that the unemployment rate had dropped below 4% to 3.95% in March.
On Sunday 10th April, Prime Minister Scott Morrison announced the date of the federal election to be 21st May.
The ASX 200 closed 0.6% higher, up 44.4 points to 7523.4 this week, helped by Australian blue chips.
Growing number of global and local superannuation/pension funds are looking into cryptocurrency investments, being viewed as an effective hedge against inflation.
Elon Musk has put forward a bid of $43 Billion USD ($58 Billion AUD) to take social media giant Twitter private, proposing changes to features.