Money News

The Australian sharemarket has had its sharpest one-day loss since early May, driven by unwavering US inflation and more tarrif threats by Donald Trump. t

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The Australian sharemarket closed at a record on Tuesday in a broad rally led by technology and healthcare stocks; The Reserve Bank moves to end debit and credit card surcharges; Aussie company Droneshield continues its meteoric rise in market value; and Tony Sycamore joins us for the market wrap

Host: Scott Haywood

Executive Producer: Nelson Scott

Technical Producer: Liam Achurch

Publisher: Nine Radio

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Tips for Mum and Dad businesses to ensure every dollar counts in what is expected to be another difficult year for small business profit margins

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Proposed regulatory options from the Reserve Bank on card payments will fail to adequately reduce the billions of dollars in fees unfairly levied on Australian small businesses and their customers, the Independents Payment Forum are warning

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Aussie Company Droneshield has enjoyed a meteoric rise on the ASX in the last few years.

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The Australian share market closed at a record  0.7% or 59 points to 8630., following gains on Wall Street as investors continue to dismiss the tariff threat

CURRENCY UPDATE:

• AUD/USD: 66 US Cents
• AUD/GBP: 49 British Pence
• AUD/EUR: 56 Euro Cents
• AUD/JPY: 97 Japanese Yen
• AUD/NZD: $1.10 New Zealand Dollars

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The ASX 200 Index followed gains on Wall Street and rose 59.9 points, or 0.7 per cent, to reach a fresh record of 8630.3, with increases in 10 out of the 11 sectors. Meanwhile, the The Reserve Bank is moving to end debit and credit card surcharges in Australia, with the proposal ruffling feathers among small business groups. 

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The S&P/ASX 200 Index closed down 9.7 points, or 0.1 per cent, to 8570.4, with seven out of the 11 sectors falling, led by industrials, investors continued to pile into bitcoin with the price increasing to $US120,000 for the first time, the Aussie company looking to cure cancer, and iconic retailer Country Road closes one of its flagship Sydney stores. 

MARKET WRAP:

• ASX200: Down 9.70 points or 0.11% to 8,570.40
• GOLD: $3,366 USD per ounce
• BITCOIN: $185,452 for one coin

CURRENCY UPDATE:

• AUD/USD: 66 US Cents
• AUD/GBP: 49 British Pence,
• AUD/EUR: 56 Euro Cents
• AUD/JPY: 97 Japanese Yen
• AUD/NZD: $1.10 New Zealand

Host: Scott Haywood

Executive Producer: Nelson Scott

Technical Producer: Liam Achurch

Publisher: Nine Radio

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How can cash poor older Australians unlock equity in their home?

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Imugene will forge ahead with a planned pivotal US trial for its blood cancer therapy Azer-cel, having recorded more ‘complete responses’ in its phase 1b study.

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