RBC Capital Markets: Australia's Reporting Season

The video discusses the impact of rising costs and inflation on various sectors, including mining and banking. It highlights the challenges faced by corporations in managing input costs and wage inflation. The mining sector is experiencing cost pressures, affecting dividend payments. The banking sector sees opportunities in the early stages of a rate hike cycle, but faces potential changes in customer demand. Labor market challenges persist due to COVID-19, leading to wage inflation. Consumer behavior is shifting from goods to services, influenced by rising household costs.

What challenges are companies facing regarding labor supply as mentioned in the text?

In what ways has consumer behavior shifted post-pandemic according to the text?