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The Australian sharemarket reset its record high for the second time this week after an unexpected tick up in the unemployment rate to 4.3 per cent bolstered bets for an interest rate cut from the RBA next month.
Host: Scott Haywood
Executive Producer: Nelson Scott
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Scott follows up with BB Millinery’s auction to raise money for the victims of the NSW floods
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Live sports continue to draw massive audiences, Global streaming giants like are bidding for major sports rights, and Facebook faces damning claims of unethical business practices.
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The Australian sharemarket reset its record high for the second time this week after an unexpected tick up in the unemployment rate to 4.3 per cent bolstered bets for an interest rate cut from the Reserve Bank of Australia next month.
MARKET WRAP:
Australian real estate agents will be subject to new anti-money laundering and counter-terrorism financing regulations from July 1 2026.
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In a shock to markets and the RBA, the Australian Bureau of Statistics on Thursday reported the nation’s jobless rate rose by 0.2 percentage points in June to 4.3 per cent.
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Australia's unemployment rate rose to 4.3 per cent in June, up from 4.1 per cent in May, stunning economists, and laying the groundwork for another rate cut from the RBA.
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The Australian sharemarket logged its sharpest one-day loss since early May; fears that a recent rebound in iron ore prices toward $US100 a tonne won’t be sustained; probiotics companies are surging across global markets and recently released ATO tax data shows unpaid super is now costing Australians $5.7bn each year in lost retirement savings.
Host: Scott Haywood
Executive Producer: Nelson Scott
Technical Producer: Liam Achu...
New analysis from the Super Members Council on recently released ATO tax data shows unpaid super is now costing Australians $5.7bn each year in lost retirement savings.
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A growing consumer understanding of gut health's crucial role in overall wellbeing has seen probiotics companies surge across global markets
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The Australian sharemarket logged its sharpest one-day loss since early May, as a shift in risk sentiment – driven by sticky US inflation and renewed US tariff rhetoric.
MARKET WRAP:
CURRENCY UPDATE:
A recent rebound in iron ore prices toward $US100 a tonne is unlikely to be sustained, due to China stockpiling a surplus supply amidst a decline
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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
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:
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:
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