With tensions rising in key areas for resources, what does the future look like for oil and gas in Australia?

With tensions rising in key areas for resources, what does the future look like for oil and gas in Australia?

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Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

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Money News - Highlights

Andrew Jefferie – Managing Director, Echelon Resources

Anthony Albanese takes on shrinkflation as his next battle; the IMF whack the government over its spending; Australian beef exports caught up in US strikes; SPC to form supergroup of foods; examining the state of oil & gas exploration; Pink Floyd puts music on sale for $400 million; and Tony Sycamore joins us for the Market Wrap.



Hosts: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

Anthony Albanese takes on shrinkflation as his next battle; the IMF whack the government over its spending; Australian beef exports caught up in US strikes; SPC to form supergroup of foods; examining the state of oil &amp; gas exploration; Pink Floyd puts music on sale for $400 million; and Tony Sycamore joins us for the Market Wrap.
 
Hosts: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

Money News with Scott Haywood - 3rd October

The IMF has taken a swipe at the government, saying that government spending is adding to pressures in the economy.

The IMF has taken a swipe at the government, saying that government spending is adding to pressures in the economy.

Pradeep Philip, Lead Partner, Deloitte Access Economics

The US rate cut decision sent Wall Street down, but Australia’s market still continues to hit new records.

MARKET WRAP:
ASX200: up 0.09%, 8,205
GOLD: $2,665 US/oz
BITCOIN: $88,072 AUD
Sigma healthcare had no new news on its planned merge with Chemist Warehouse but shares were up 7% to $2.05
Mesoblast also took off closing up 8% to $1.35 well off its 52 week low of 25 cents
In the REIT space Dexus up 2.6% to $7.78, Charter Hall 1.9% to $15.89 and Hotel Property Investments up 1 cent to $3.77.
Pilbara Minerals was one of the worst after a block trade of $270 million was done at a 4% discount to its price yesterday shares down 4.8% to $3.15
ARB corporation lost 5% to $44.26
Droneshield lost 3.7% to $1.39
GYG shares down 2% to $38.50. Collins Foods going the other way, up just under 2% to $8.77 on a broker rating

CURRENCY UPDATE:
AUD/USD: 68.55 US cents
AUD/GBP: 52.3 pence
AUD/EUR: 62 Euro cents
AUD/JPY: 100 Japanese yen
AUD/NZD: 1.10 NZ dollars

The US rate cut decision sent Wall Street down, but Australia’s market still continues to hit new records.
MARKET WRAP:
<ul>
<ul>
<li aria-level="1">ASX200: up 0.09%, 8,205</li>
<li aria-level="1">GOLD: $2,665 US/oz</li>
<li aria-level="1">BITCOIN: $88,072 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">Sigma healthcare had no new news on its planned merge with Chemist Warehouse but shares were up 7% to $2.05</li>
<li aria-level="1">Mesoblast also took off closing up 8% to $1.35 well off its 52 week low of 25 cents</li>
<li aria-level="1">In the REIT space Dexus up 2.6% to $7.78, Charter Hall 1.9% to $15.89 and Hotel Property Investments up 1 cent to $3.77.</li>
<li aria-level="1">Pilbara Minerals was one of the worst after a block trade of $270 million was done at a 4% discount to its price yesterday shares down 4.8% to $3.15</li>
<li aria-level="1">ARB corporation lost 5% to $44.26</li>
<li aria-level="1">Droneshield lost 3.7% to $1.39</li>
<li aria-level="1">GYG shares down 2% to $38.50. Collins Foods going the other way, up just under 2% to $8.77 on a broker rating</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 68.55 US cents</li>
<li aria-level="1">AUD/GBP: 52.3 pence</li>
<li aria-level="1">AUD/EUR: 62 Euro cents</li>
<li aria-level="1">AUD/JPY: 100 Japanese yen</li>
<li aria-level="1">AUD/NZD: 1.10 NZ dollars</li>
</ul>

Andrew Jefferie – Managing Director, Echelon Resources

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