Global markets tanked following the US rate cut decision, but can things be salvaged into 2025?

 


ASX200: down 1.70%, 8,168


GOLD: $2,626 US/oz


BITCOIN: $162,865 AUD




Tech stock falls were led by data centre operator Megaport, which dropped more than 10%, with Life360 down 3.8% and Xero dropping 2.6%


Financials were lower - Commbank down 2.3%, Westpac sinking 2.4% and NAB falling 2.1%.


Zip’s up-and-down run saw it losing 9% to $2.84.


BHP, CSL, Wesfarmers, Fortescue, and Goodman Group were large cap stocks all down by more than 1%.


Transurban managed to rise by 0.1% despite being made to pay $40 million to the operator of Melbourne toll road EastLink over ‘unjust fees’.


And others escaping the carnage included QBE, Brambles, Coles and APA Group.

Global markets tanked following the US rate cut decision, but can things be salvaged into 2025?
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<ul>
<li dir="ltr" aria-level="1">
ASX200: down 1.70%, 8,168
</li>
<li dir="ltr" aria-level="1">
GOLD: $2,626 US/oz
</li>
<li dir="ltr" aria-level="1">
BITCOIN: $162,865 AUD 
</li>
<li dir="ltr" aria-level="1">
Tech stock falls were led by data centre operator Megaport, which dropped more than 10%, with Life360 down 3.8% and Xero dropping 2.6%
</li>
<li dir="ltr" aria-level="1">
Financials were lower - Commbank down 2.3%, Westpac sinking 2.4% and NAB falling 2.1%.
</li>
<li dir="ltr" aria-level="1">
Zip&rsquo;s up-and-down run saw it losing 9% to $2.84.
</li>
<li dir="ltr" aria-level="1">
BHP, CSL, Wesfarmers, Fortescue, and Goodman Group were large cap stocks all down by more than 1%.
</li>
<li dir="ltr" aria-level="1">
Transurban managed to rise by 0.1% despite being made to pay $40 million to the operator of Melbourne toll road EastLink over &lsquo;unjust fees&rsquo;.
</li>
<li dir="ltr" aria-level="1">
And others escaping the carnage included QBE, Brambles, Coles and APA Group.
</li>
</ul>

Join Deborah Knight for Money News, the most respected business program on radio.


If you crave the latest insights into super & small business, interest rates & investment, and economics & 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 moneynews@2gb.com

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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