Money News

Australia’s market will be opened up to US beef producers after a change in the biosecurity laws.

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The Australian share market couldn't get to new records, especially with the RBA Governor putting a dampener on rate cut hopes.

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A new CIS report shows that too many of us are relying on the government for support payments; salaries go up, with workers still wanting flexibility; consumers spend up online; Australians miss out on the aged pension; and the ASX gets near record highs again in the Market Wrap

Host: Evan Lucas

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

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Australians are getting prepared for retirement, with people applying too late for the aged pension.

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MARKET WRAP:

• ASX200: up 0.69% to 8,737
• GOLD: $3,431/oz
• BITCOIN: $179,386

• Big miners continued to enjoy high iron ore prices, with Fortescue Metals closing up 2.3%, Rio Tinto rose 1%, and BHP was also higher, up 0.8%.
• Iluka Resources rose 4.1% to $5.39 after it achieved full-year production guidance for zircon.
• All of the big four except for NAB – which was down 0.1% – managing to finish ahead
• Telix Pharmaceuticals saw shares plummet 15.1% after being issued with a subpoena by the US SEC around its disclosure practices.
• Paladin’s production & sales targets of uranium oxide hurt, dropping 11.3% by the close
• Also lower was Pro Medicus, Santos and Medibank Private

CURRENCY UPDATE:

• AUD/USD: 65.9 US cents
• AUD/GBP: 48.6 British pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 96 Yen
• AUD/NZD: 1.09 NZ dollars

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Chinese vehicles look like taking up a wider share of the Australian new vehicle market.

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With more of the population relying on government, is this a sorry state of affairs for the national economy?

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Government jobs & payments are now helping more than 50% of voters according to a new report by the CIS, while the market again approaches records.

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RBA Minutes reveal conservative outlook when it comes to rate cuts; public sector still leads the way; and Henry Jennings joins us for the Market Wrap

Host: Evan Lucas

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

See omnystudio.com/listener for privacy information.

Chinese vehicles look like taking up a wider share of the Australian new vehicle market.

See omnystudio.com/listener for privacy information.