For every $3.1 million invested in data centre infrastructure, according to the industry’s own figures, Australia gets one permanent data centre job. Sign up to get the latest on your favourite topics from the ABC We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Viva Energy is in a trading halt after a fire at its Geelong oil refinery.
A decision to award double-digit pay rises has left Labor’s projected budget surplus in doubt amid a warning the move could put upward pressure on interest rates. The sharemarket finished at a fresh 11-month high as Afterpay and Zip paced a rally in buy now, pay later stocks. The sharemarket finished at a fresh 11-month high on strength in bank stocks and a 13.2 per cent rally in News Corp shares. Analysts say Reserve Bank deputy Andrew Hauser comments in Washington are an attempt to warn the public and the government of upcoming rate rises.
The Australian sharemarket fell 0.3 per cent on Friday but ended the week higher on US stimulus hopes. The sharemarket fell as big miners retreated on weaker iron ore prices. The sharemarket slumped to a three-week low as blue chips led the sharpest sell-off since September. The ASX closed up 0.9pc after another strong session for the banks. The sharemarket fell 0.9 per cent as Origin Energy tumbled 6.8 per cent on an earnings warning. Older investors are embracing cryptocurrency for diversification, but the lack of dividends and volatility make it a high-risk investment heading into retirement.
The ASX closes lower after the release of ABS labour force data showing the unemployment remains at 4.3 per cent in seasonally adjusted terms. Palestinians in Gaza fear they are being forgotten as the Iran war drags on, with Israeli strikes continuing despite a ceasefire and the humanitarian situation still dire.
Use this to see how IG client accounts with positions on this market are trading other markets. Other positions taken by clients trading this market The cutting-edge technology that lets you fly at bitcoin casino australia 55km/h is easy to master – at least that’s what they told me. Writer Jonathan Glatzer brings the satirical moral ambiguity of Better Call Saul and Succession to big tech in new SBS series The Audacity. As governments, employers and workers struggle to discern whether AI represents a threat or opportunity, bosses may need to share the gains with staff members.
Unemployment remains at 4.3pc, ASX closes lower — as it happened
FTSE 100 from 4 points and more 24-hour markets than anywhere else. React to the latest market news in-platform, where you need it Identify the right time to trade with free technical signals, on indices and more
Forager’s cash pile halves as Steve Johnson snaps up tech stocks
The funding package positions Defence a big winner in the May 12 budget, but Australia still falls well short of US demands to spend 3.5 per cent of GDP on the military. The longer the Strait of Hormuz is closed, the more the economic and political pressure on the US and its allies mounts, strengthening Iran’s negotiating hand. Markets have persuaded themselves things are going to work out, but can Jim Chalmers’ budget avoid the fallout? Moderating growth is vital, but doing so takes harder work than the government has attempted. The Liberal and National leaders use global uncertainty to peddle anger.
- Other positions taken by clients trading this market
- Rising bond yields hurt Sydney Airport, Transurban and property stocks.
- We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work.
- Identify the right time to trade with free technical signals, on indices and more
Iron ore miners rise despite the commodity spot market pull back. Crown director Poynton separates from Packer’s Consolidated Press. Robert writes on companies and markets. Improve your trading skills by working through interactive courses on the IG Academy app.
Rising bond yields hurt Sydney Airport, Transurban and property stocks. Tech stocks had their best week since October. Buy now pay later delivered a strong session for the technology sector. Be notified when a market changes an amount, hits a level or meets your technical conditions
Hanson wishes Coalition good luck, government focuses on fuel
The percentage of IG client accounts with positions in this market that are currently long or short. AI chatbots make it possible for people who can’t code to build apps, sites and tools. But how much of the investment actually stays in the country? Alongside the conflict over the strait of Hormuz, the US and Israel’s war with Iran is also being fought on a new front. If Anthropic’s new AI tool falls into the hands of bad actors, they could hack pretty much every major software system in the world.
Domain will hire up to 60 drone pilots and roll out technology for internal walkthroughs of residential listings, as the battle intensifies for market share. The Business Council of Australia and gas giants say evidence from the UK shows investment and exploration will drop if a gas tax is included in the budget. In seeking to be seen to be helping the younger generation buy property, the government could end up making an already arcane tax system more complex and distorted. The plan to impose a retrospective tax on foreign investors is a politically opportunistic attempt to bail out the budget that sets a dangerous precedent. Australia needs confidence instead of closed borders, we thrive when we look outwards.
The central bank has far fewer followers than its peers in Europe and even Venezuela. Smart acquisitions have allowed China-backed Yancoal to grow its market value by 133 times over the past decade. Fund mangers from Wilson Asset Management to Blackwattle are bracing for a slowdown in global growth to hit Australia. The firm’s Australian Share Fund is down nearly 20 per cent over the past three months and Johnson is hunting for bargains in the ASX’s beaten-up tech sector. Irene Thomas spent six months fighting for her late husband’s superannuation, and members are still waiting for the government’s long-promised service standard rules.



