Money News

Most of us who hold serious assets should get up to date with our wills, with the End of Financial Year the perfect opportunity.

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Metcash – the largest operator of IGA stores – has said the illegal tobacco trade is hurting its bottom line.

MARKET WRAP:

• ASX200: down 0.36%, 8474
• GOLD: $3,363 US/ounce
• BITCOIN: $159,214 AUD
• Energy & Utilities rose on war threats: Woodside was flat, with Santos 1% higher, with LNG seller Origin also lifting just under 1%.
• Metcash rose 2.7% after revealing an 8.9% uplift in group revenue to $17.3 billion.
• BWP Trust rose 1.9 per cent to $3.65  
• Reece Holdings up more than 2% to $16.57
• TPG and Medibank rose more than 1%
• ANZ Bank fell 0.6%, National Australia Bank shed a few cents to close at $38.88.
• Fortescue gave up 1%
• BHP fell 1.5% per cent to $35.64 
• Rio Tinto fell marginally but still closed above $100 a share at $101.83.
• Drone Shield fell more than 4% to $1.83

CURRENCY UPDATE:

• AUD/USD: 63.9 US cents
• AUD/GBP: 48.2 pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 94 yen
• AUD/NZD: 1.08 Dollars

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The threat of war has hurt global markets, but it doesn’t always have to mean a loss, especially if you’re invested in defence industry products.

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A US attack on Iran has put markets on edge, with the ASX closing lower again on the threat of war.

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Exiting politics and straight into the banking lobby – Simon Birmingham gets a new gig.

Missing out on a face-to-face meeting with the US, does Anthony Albanese now turn to other markets on trade?

It could affect your credit score under new laws, so should we be more wary of BNPL services?

Lacking action all week, the ASX 200 finishes Friday trade in the red.

Interviews with Leigh Howard, Asialink Business CEO & Carrie Cheung, Head of Insights at Equifax

Email us your thoughts to [email protected]

Developed & Hosted by: Tom Storey

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Australia’s unemployment rate steady at 4.1%; the US Fed keeps interest rates on hold; the salaries of top CEOs revealed; Trump’s tariffs hit the auto sector; preparing your will around the end of financial year; ratings surveys put Kyle & Jackie O’s Melbourne adventure at risk; and Tony Sycamore joins us for the Market Wrap

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

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Another weak set of radio ratings figures have put the pressure on the existence of Kyle & Jackie O in the Melbourne market.

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Most of us who hold serious assets should get up to date with our wills, with the End of Financial Year the perfect opportunity.

See omnystudio.com/listener for privacy information.

The US Fed has kept interest rates on hold, so will investors look towards safety in the Australian banks while unrest continues?

MARKET WRAP:

• ASX200: down 0.09%, 8523
• GOLD: $3,368 US/ounce
• BITCOIN: $161,897 AUD

• Commonwealth Bank up 1.5% to $182.85
• National Australia Bank rose 1.1%, with Westpac 1.8% higher, and ANZ up 0.3% per cent after announcing its retail boss would leave the bank.
• Aristocrat rose 1.6% to $66.73
• Cleanaway closed up 1.1% to to $2.73
• Weaker Chinese data sent  iron ore majors lower, with BHP off 2% to $36.13 and Fortescue off 1.7% to $14.77.
• Gold miners fell, with Evolution down 4.5% to $7.78
• Utility stocks were also sold off as Origin and AGL both dipped 1.4%.
• KMD Brands fell more than 3% to hit a record low of 25¢, 
• WiseTech Global dipped 1.9% after announcing that two directors would exit the board.

CURRENCY UPDATE:

• AUD/USD: 64.7 US cents
• AUD/GBP: 48.2 pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 94 yen
• AUD/NZD: 1.08 Dollars

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Australia’s unemployment rate held steady at 4.1%, but is there a case now for the RBA to cut interest rates again?

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