Money News

GDP growth was better than expected, but could rule out the chances of a rate cut in September by the RBA

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The Australian share market suffered losses of 1.8% even despite a better than expected quarterly GDP result.

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Host: Evan Lucas

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

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The Australian wine industry has battled through a couple of years of pain, but is it getting any easier?

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Younger investors are changing the traditional investment model, moving towards the tech companies they know and love instead.

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The gold price has peaked above $3500, so are we going to continue to see investors piling into categories outside equity markets?

MARKET WRAP:

• ASX200: down 0.30% to 8,900
• GOLD: $3,480/oz
• BITCOIN: $169,786

CURRENCY UPDATE:

• AUD/USD: 65.1 US cents
• AUD/GBP: 48.6 British pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 96 Yen
• AUD/NZD: 1.11 NZ dollars

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The gold price reached $3500 US an ounce, but wasn't enough to offset the ASX from a day spent in the red.

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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.

Harvey Norman has put in two strong days on the markets following the release of its full-year earnings on Friday.

MARKET WRAP:

• ASX200: down 0.51% to 8,927
• GOLD: $3,476 /oz
• BITCOIN: $167,231

CURRENCY UPDATE:

• AUD/USD: 65.5 US cents
• AUD/GBP: 48.4 British pence
• AUD/EUR: 55 Euro cents
• AUD/JPY: 96 Yen
• AUD/NZD: 1.11 NZ dollars

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The Federal government will seek to crackdown on ‘shrinkflation’ by tightening the Unit Price Code.

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