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Money News with Deb Knight - 15th May
Manage episode 482888553 series 2343579
A jobs surge puts the next few rate cuts into question; household spending still stagnant; Xero reports growth in both profit and revenue; and the Market Wrap.
MARKET WRAP:
- ASX200: up 0.22%, 8,297
- GOLD: $3,180 US/oz
- BITCOIN: $158,540 AUD
- Xero reported after tax profit growth of 30% to $227.8 million NZD, helping shares rise 4.7% to $182.05
- The tech sector overall was stronger, with Wisetech rising 1.9% and Technology One up 1.3%.
- IAG rose 5.7% to $8.90 as it said it would acquire RAC Insurance in a $1.35 billion deal.
- The banks were all positive, with the Big Four all higher, and Macquarie recovering 1.2% after yesterday’s ASIC lawsuit.
- Changes at the top of Treasury Wine Estates was enough to tank its share price, falling 5.2% on the announcement of its next CEO.
- A deal between Lendlease with Britain’s The Crown Estate – owned by the royal family and King Chalres – for development projects didn’t wow the market. Shares slid 1.6% to $5.39.
- BHP, Fortescue and Rio Tinto marginally weaker.
CURRENCY UPDATE:
- AUD/USD: 64.3 US cents
- AUD/GBP: 48.5 pence
- AUD/EUR: 57 Euro cents
- AUD/JPY: 95 Japanese yen
- AUD/NZD: 1.09 NZ dollars
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
See omnystudio.com/listener for privacy information.
2258 episodes
Manage episode 482888553 series 2343579
A jobs surge puts the next few rate cuts into question; household spending still stagnant; Xero reports growth in both profit and revenue; and the Market Wrap.
MARKET WRAP:
- ASX200: up 0.22%, 8,297
- GOLD: $3,180 US/oz
- BITCOIN: $158,540 AUD
- Xero reported after tax profit growth of 30% to $227.8 million NZD, helping shares rise 4.7% to $182.05
- The tech sector overall was stronger, with Wisetech rising 1.9% and Technology One up 1.3%.
- IAG rose 5.7% to $8.90 as it said it would acquire RAC Insurance in a $1.35 billion deal.
- The banks were all positive, with the Big Four all higher, and Macquarie recovering 1.2% after yesterday’s ASIC lawsuit.
- Changes at the top of Treasury Wine Estates was enough to tank its share price, falling 5.2% on the announcement of its next CEO.
- A deal between Lendlease with Britain’s The Crown Estate – owned by the royal family and King Chalres – for development projects didn’t wow the market. Shares slid 1.6% to $5.39.
- BHP, Fortescue and Rio Tinto marginally weaker.
CURRENCY UPDATE:
- AUD/USD: 64.3 US cents
- AUD/GBP: 48.5 pence
- AUD/EUR: 57 Euro cents
- AUD/JPY: 95 Japanese yen
- AUD/NZD: 1.09 NZ dollars
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
See omnystudio.com/listener for privacy information.
2258 episodes
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