Money News

ADNOC has abandoned its chase for Santos, pulling the plug on a $36 billion takeover deal.

MARKET WRAP:

• ASX200: down 0.83% to 8,019
• GOLD: $3,666/oz
• BITCOIN: $170,082

CURRENCY UPDATE:

• AUD/USD: 66.5 US cents
• AUD/GBP: 48.7 British pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 98 Yen
• AUD/NZD: 1.12 NZ dollars

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The Australian start-up sector is changing, with more companies chasing money overseas. But will Canva’s patience result in big bucks if and when it hits Wall Street?

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The US Fed has cut rates for the first time in 2025, while Australia’s unemployment numbers suggest we might be waiting longer for our next cut.

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The market fell in a day of big financial news, as the US Fed cut interest rates for the first time this year, and ADNOC pulled out of its takeover deal for Santos.

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Host: Evan Lucas

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

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The Bank of Mum and Dad is expanding, with more kids asking for money to eat out and pay their bills – not just for housing.

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BHP is cutting jobs, but is this more to do with Queensland royalty settings, or the price of the commodity falling

MARKET WRAP:

• ASX200: down 0.67% to 8,818
• GOLD: $3,664/oz
• BITCOIN: $174,782

CURRENCY UPDATE:

• AUD/USD: 66.7 US cents
• AUD/GBP: 48.9 British pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 97 Yen
• AUD/NZD: 1.11 NZ dollars

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The US Federal Reserve is set to make a crucial call on the cash rate, which could have global implications depending on the decision.

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The US Fed will deliver its most important rate cut decision overnight, with expectations of a drop of at least 25 basis points, and as much as 50 basis points.

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Host: Evan Lucas

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

See omnystudio.com/listener for privacy information.