Fear and Greed Afternoon Report | 22 Apr 2025

Published Apr 22, 2025, 7:12 AM

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 flat

  2. Pause for Pope

  3. Wage threat

  4. Corporate news

  5. Russia-Ukraine hope

Welcome to the Fear and Greed Business News Afternoon Report for Tuesday, the twenty second of Vatepril twenty twenty five. I'm Sean Almer. Every afternoon, We've got the five stories that happened today that you need to know about. Story I'm one, there's some PAX two hundred closed flat. It fell at the opening following the lead in from Wall Street overnight, but then climbed back to where it started. Common Off Bank was the standout on the day. The biggest stock on the AX closed up nearly four percent, which saved the index from dropping. The tech and energy indices were among the worst performers in terms of big stocks. Wistech Global, Goodman Group, Aristocrat, Leisure, and Woodside were among the worst performers. Uranium Minor, Paladin and Energy was actually the worst performer of the top two hundred, at least down twelve percent by now pay Later group zip Code was off nine percent. Best on the day with the gold producers on the back of a higher price of the precious metal. Story number two. Political campaigning took a hiatus for most of today following the death of Pope r Ansis. Ahead of tonight's debate. Opposition leader Peter Dutton attended Mass at Saint Mary's Cathedral in Sydney to pay his respects. Prime Minister Anthony Albanesi, a Catholic, attended Mass at Saint Patrick's Cathedral in Melbourne. He said that Governor General Sam Moston is currently traveling to Turkey for Anzac Day and it's appropriate for her to attend the funeral of the Pope. Pre polling opened today. Meanwhile, the latest news poll in The Australian shows that women voters have deserted the coalition, with Labour making gains in every mainland state. Story number three. Unions will challenge the Workplace Umpire's landmark gender pay decision over concerns it perversely cuts social workers pay by hundreds of dollars a week. The Australian Services Union warned that last week's Fair Work commissioned decision to address the gender undervaluation of tens of thousands of community and disability support workers would inadvertently send their members as members of the Australian Services Union, their members pay backwards by up to twenty percent. The concern arises from the Commission's proposed new award classification structure, which the union claims fails to recognize specific workers experience or skills, and would result in pay cuts of up to three hundred and fifteen dollars a week, according to report in the fin Review. The commission's rulings, which also proposed pay rises of up to thirty two percent for child care workers and health professionals, was in response to the Albanesi government's new gender equity objective for the Fair Work Act. Story number four plenty of corporate news around Bellevue Gold fell another six percent today, even though it said it had closed out hedge contracts that were agreed at prices well beyond the current price of gold. Now the group got caught out locking in prices just as Gold sword Bellevue share prices down thirty percent in the last month. Mcquarie is selling out of its North American and European public asset management business and business that oversees two hundred and eighty five billion dollars in assets Uranium minor Deep Yellow for eight percent after delaying work on its flatship Namibian Mine, owing two low uranium prices. Self Wealth is set to delist from next month after shareholders agreed to a sixty five million dollar take over bid a Luka Resources and ASX listed Rare Rexs have applied to acquire and develop a rare earth project in Kenya and yen cole fell after warning of the uncertain outlook for coal miners owing to global trade tensions and finally, story number five, Russian President Vladimir Putin has proposed bilateral talks with Ukraine for the first time since the early days of the war, and his Ukrainian counterpart, Vladimir Zelenski, said Kiev is eager to discuss a halt to attacks on civilian targets. While Zelenski didn't respond directly to Putin's proposal, he emphasized in his nightly video address that Ukraine was ready for any conversation about a ceasefire that would stop strikes on civilians. According to Reuter's, the two leaders face pressure from the United States, which has threatened to walk away from its peace efforts unless some progress is achieved. Russia and Ukraine have said that they are open to further ceasefires. After a thirty hour easter truce declared by Moscow over the weekend, each side accused the other of violating it. That's it for the afternoon report for Tuesday, the twenty second of April twenty twenty five. Make sure you hit follow on the podcast. We will be back tomorrow morning with the Wednesday edition of the past five business news by Fear and Greed. I'm Sean Elma. Enjoy your evening.

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