KPMG faces Senate grilling as QBE and Baby Bunting report earnings, ASX set to dip
The Senate will again question KPMG over its whistleblower scandal while insurers QBE and retailer Baby Bunting prepare earnings releases, and the ASX is expected to open lower amid the reporting season.
A Senate hearing on KPMG’s whistleblower scandal is set to resume, featuring testimony from former senior partners and lawyers, with earlier sessions highlighting alleged corporate victims including Dexus and Optus. The inquiry can be followed via the Parliament’s live stream, where more than 50 viewers are already waiting. In parallel, Australia’s reporting season proceeds as insurer QBE prepares to release its results a day after IAG’s earnings, and retailer Baby Bunting is also due to report.
Wall Street indices closed higher after softer US inflation data, and Brent crude fell 2%, contributing to optimism. Nonetheless, the Australian market is expected to open lower, with the ASX forecast to decline as investors digest the upcoming disclosures. The live blog provides ongoing updates and analysis for investors, noting that the commentary is not investment advice.
Why it matters
The story tracks a high-profile corporate scandal and key earnings releases that could influence Australian market sentiment.
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