Why CSL sank, and what the Federal Budget could mean for investors

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The ASX 200 slipped 0.5 per cent ahead of the Federal Budget as oil prices surged and investors weighed the prospect of tax reform. Banks were weaker across the board, while CSL plunged 16 per cent after cutting earnings expectations and flagging a major impairment.

SBS Finance Editor Ricardo Gonçalves speaks with Munjarra Capital CEO Alex Pikoulas about the market fallout, rising geopolitical tensions and what to expect from the Federal Budget.

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Why CSL sank, and what the Federal Budget could mean for investors

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The ASX 200 slipped 0.5 per cent ahead of the Federal Budget as oil prices surged and investors weighed the prospect of tax reform. Banks were weaker across the board, while CSL plunged 16 per cent after cutting earnings expectations and flagging a major impairment.

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Follow SBS News

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Watch FIFA World Cup 2026™

Why CSL sank, and what the Federal Budget could mean for investors

SBS On the Money

Follow and Subscribe

The ASX 200 slipped 0.5 per cent ahead of the Federal Budget as oil prices surged and investors weighed the prospect of tax reform. Banks were weaker across the board, while CSL plunged 16 per cent after cutting earnings expectations and flagging a major impairment.

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