Money News

The Australian share market was awash with uncertainty as the conflict between Israel & Iran continued to intensify.

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Attacks in the Middle East see commodities such as gold & oil jump; the PM heads to the G7 to meet with Donald Trump on tariffs; Amazon pledges $20b to Australian data centres; the government looks to boost productivity; the $30b bid for Santos; ASX Ltd faces the music from ASIC; the costs of seeing health specialists forcing patients into difficult choice; and Adam Dawes joins us for the Market Wrap

Host: Deborah Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

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New research has shown Australians are being forced between two tough options – get much-needed healthcare or save your money.

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Santos has been hit with a $30 billion takeover bid from the UAE’s ADNOC. Is this the push the Australian energy sector needed?

MARKET WRAP:

• ASX200: up 0.01%, 8548
• GOLD: $3,415 US/ounce
• BITCOIN: $164,546 
• A $30 billion takeover bid for Santos sent its shares climbing almost 11% to $7.72.
• Woodside up 3% at $25.96.
• Paladin was up 15.6%, Boss rose 17.7% and Deep Yellow was over 21% higher.
• An announcement of a US venture for baby formula maker Bubs Australia, sent its shares 6.3% higher
• Commbank and NAB closed slightly higher
• Vulcan Steel closed down 1.7% as it announced its CEO would retire after 19 years.
• UBS downgrades for gold miners Evolution and Northern Star saw them both close down more than 8%.
• Falling by over 1% was Woolworths, IAG and Mirvac.

CURRENCY UPDATE:

• AUD/USD: 65.1 US cents
• AUD/GBP: 48.0 pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 94 yen
• AUD/NZD: 1.08 Dollars

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Australia has its first Productivity Minister, but will this appointment, and an industry & union summit do anything to solve the problem?

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Santos has seen its shares rocket 11% after confirmation of a non-binding bid for the company worth $30 billion by Emirati giant ADNOC.

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An attack by Israel on Iran, and subsequent retaliations are set to play havoc with the oil market, with the commodity jumping as high as 13% at one point.

Will Australians pay more at the fuel pump following these attacks?

And the ASX ends the week on a sour note, even with new records achieved over the last few days.

Interview with Vivek Dhar, Director of Mining and Energy Commodities Research at Commonwealth Bank.

Host: Tom Storey

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Federal Budget faces a hit from increased defence and NDIS spending; household budgets get a welcome round of relief; English football revenue grows; Donald Trump’s tariff call hurts markets; women’s health & menopause treatment an untapped market; and Scott Phillips joins us for the Market Wrap.

Host: Deb Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

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The women’s health market, including services for menopause, is worth up to $600 billion but has been largely untapped at this point.

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With consumers in the United States really starting to feel the pinch of tariffs, luxury goods retailers like Cettire could see the pain on their balance sheets sooner rather than later.

MARKET WRAP:

• ASX200: up 0.31%, 8,565
• GOLD: $3,360 US/oz
• BITCOIN: $166,138 AUD

• Monash IVF CEO Michael Knaap announced his resignation. Shares up 9.1%
• Cochlear downgraded its guidance, but the market sent the company 0.7% higher to $272.31.
• Telstra, Transurban, and Coles were all higher.
• Cettire fell more than 30% after its CEO warned the market of weaker demand from US customers.
• AGL suffered a swing against it of 0.9% after confirming it could sell its stake in Tilt Renewables.
• Myer lost 0.7% 
• Sliding more than 1% was BHP, Macquarie, and Goodman.

CURRENCY UPDATE:

• AUD/USD: 64.9 US cents
• AUD/GBP: 47.9 pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 93 Japanese yen
• AUD/NZD: 1.07 NZ dollars

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