Fear and Greed Afternoon Report | 15 Jul 2025

This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

1. ASX closing high

2. Bradfield dispute

3. Keating invite

4. Sentiment rising

5. Trump’s Russia threat

Support the show: http://fearandgreed.com.au

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:04):
Welcome to the Fear and Greed Business News Afternoon Report
for Tuesday, the fifteenth of July twenty twenty five. I'm
Sean Aylmer. Every afternoon, we've got the five stories that
happened today that you need to know about. Strotum one.
The S and PA SX two hundred finished up zero
point seven percent today to eight thousand, six hundred and
thirty points, eclipsing the previous closing high, though it is

(00:25):
still shy of its all time hime. There were big
jumps in some of the tech stocks on the back
of Wall Street increases, with Life three sixty up eight percent, Wistech, Global, zero,
Technology one, and next DC all rose around two percent.
The tariff news out of the US, where Donald Trump
said he's willington gatiate with eurip helped the healthcare stocks,
with CSL rising nearly four percent. Telstra was also a

(00:48):
strong performer. The big banks have had a few slower sessions,
but all four and Macquarie Group were higher today. In contrast,
the big miners were lower. In corporate news, wealth management
platform Hub twenty four or jumped more than six percent
after announcing an increase in funds under management the stock
is up one hundred and twenty percent over the past year.

(01:08):
Story number two. The federal election held two and a
half months ago isn't quite over yet, with the unsuccessful
Liberal candidate in the seat of Bradfield and Sydney's North
asking the High Court to examine a small number of
disputed ballot papers. Tail MP Nicolot Bowl won the one
time blue ribbon Liberal seat by just twenty six votes.

(01:30):
She'll be sworn in as in as an MP when
Parliament sits next week. The Liberal candidate, Giselle Capterian, was
initially declared the winner by eight votes, then she lost
the recount. Capterian said she had full respect for the
Australian Electoral Commission in integrity of the process, but she's
entitled under the law to request a judge count a
small number of disputed ballot papers and that's what she's done.

(01:52):
Bowle says she'll seek community donations to fund her defense.
Story number three. Former Labour Prime Minister Paul Keating has
been asked to become a strategic advisor on East Asia
to Indonesian President Prabawo Subianto and joined the Advisory Board
of Indonesia's sovereign wealth fund, known as the Nantara, Prabawo

(02:13):
invited Keating to take on the roles, according to the
finn Review. Now Keating confirmed the invitation, but he's not commenting.
The sovereign wealth fund was launched by Prabawo in February.
It was given nine hundred billion US dollars that's about
one point four trillion osin in assets to manage, including
several state owned enterprises. It is one of the largest
sovereign wealth funds in the world and central to probaos

(02:35):
push to boost economic growth in Indonesia to about eight
percent per annum by twenty twenty nine. Sorry number four.
Consumer sentiment is on the rise slowly, though there are
still more pessimens than optimists out there in the economy.
The Westpac Melbourne Institute survey shows an increase in sentiment
in June, following rises in April and May. However, it

(02:55):
is coming off a very low base and overall pessimism
prevails the measure and the survey that's lagging most is
family finances. This a year ago, though consumers are more
upbeat about the next twelve months. Not surprisingly, wage earners
are still worse off than twenty twenty now. That's because
price levels are up about twenty percent of that time,
wages growth it's up only fifteen percent, and finally, straight

(03:16):
umber five. Donald Trump has threatened to impose stiff financial
penalties on Russia if it does not end hostilities with Ukraine,
even as he pledged fresh weapons supplies for Kiev. The
US President said the US will set tariffs at about
one hundred percent on Russia if there isn't a deal
to stop the war with Ukraine in fifty days. Trump

(03:37):
said the levies would come in the form of secondary tariffs,
without providing any details. According to Bloomberg, the US President
has used the term in the past to describe duties
imposed on countries for trading with America's adversaries, the idea
being if you trade with Russia, you'll get hit with
a tariff and that will flow through to Russia. We'll
see what happens on that one. That's if the afternoon

(03:57):
report for Tuesday, the fifteenth, July twenty twenty five, make
sure you follow on the podcast. We'll be back tomorrow
morning with a Wednesday edition of the past five business
years by Fear and greed. I'm sure Elma enjoy your reading.