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

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:
<ul>
<li aria-level="1">ASX200: up 0.22%, 8,297</li>
<li aria-level="1">GOLD: $3,180 US/oz</li>
<li aria-level="1">BITCOIN: $158,540 AUD</li>
</ul>
&nbsp;
<ul>
<li aria-level="1">Xero reported after tax profit growth of 30% to $227.8 million NZD, helping shares rise 4.7% to $182.05</li>
<li aria-level="1">The tech sector overall was stronger, with Wisetech rising 1.9% and Technology One up 1.3%.</li>
<li aria-level="1">IAG rose 5.7% to $8.90 as it said it would acquire RAC Insurance in a $1.35 billion deal.</li>
<li aria-level="1">The banks were all positive, with the Big Four all higher, and Macquarie recovering 1.2% after yesterday&rsquo;s ASIC lawsuit.</li>
<li aria-level="1">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.</li>
<li aria-level="1">A deal between Lendlease with Britain&rsquo;s The Crown Estate &ndash; owned by the royal family and King Chalres &ndash; for development projects didn&rsquo;t wow the market. Shares slid 1.6% to $5.39.</li>
<li aria-level="1">BHP, Fortescue and Rio Tinto marginally weaker.</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 64.3 US cents</li>
<li aria-level="1">AUD/GBP: 48.5 pence</li>
<li aria-level="1">AUD/EUR: 57 Euro cents</li>
<li aria-level="1">AUD/JPY: 95 Japanese yen</li>
<li aria-level="1">AUD/NZD: 1.09 NZ dollars</li>
</ul>
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

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

Money News &mdash; 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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