Government puts HECS changes into parliament; NZ cuts interest rates by 0.5%; EV sales hit the skids; Rio Tinto to acquire Arcadium Lithium; Australia’s energy transition turns to gas; making our homes even smarter; term deposit rate changes; and Carl Capolingua joins us for the Market Wrap.



Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

Government puts HECS changes into parliament; NZ cuts interest rates by 0.5%; EV sales hit the skids; Rio Tinto to acquire Arcadium Lithium; Australia’s energy transition turns to gas; making our homes even smarter; term deposit rate changes; and Carl Capolingua joins us for the Market Wrap.
 
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

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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Money News with Scott Haywood - 9th October

As homes get smarter, what sort of reasons are making people choose to have full control at the touch of a button?

As homes get smarter, what sort of reasons are making people choose to have full control at the touch of a button?

Darren Bee, MyPlace Group General Manager

Australia’s energy transition continues, with gas being used to provide shortfalls in the market.

Australia’s energy transition continues, with gas being used to provide shortfalls in the market.

David Wrench,  QPM Energy CEO

With real estate listings at the best point since 2015, is this the higher interest rates finally coming home to roost?

MARKET WRAP:
ASX200: up 0.13%, 8,187
GOLD: $2,632 US/oz
BITCOIN: $93,780 AUD
With the materials sector hampered by falling iron prices yet again, Fortescue dropped by 1.5% to $18.97  & Rio Tinto slid by 2.2%, Mineral Resources tanked a whopping 6.4% and BHP fell 1.16% to $43.28
Brent Crude fell more than 4% overnight, now buying around $77 US a barrel, which saw Woodside and Santos both weaker.
Elsewhere and Pilbara minerals lost 5% to $2.85
Whitehaven coal lost just under 3% to $7.01
Goodman Group and James Hardie both taking a tumble.
REA Group, which closed up 2% to $216.50 with national listings in September at their highest since 2015.
By association Domain Holdings also closed up 1.5% to $3.29
ZIP closed up 6% to $2.89 a fresh 52 week high maintaining its momentum in the buy now pay later space
And Pro Medicus lifted 4% to $186.63.




CURRENCY UPDATE:
AUD/USD: 67.30 US cents
AUD/GBP: 51.5 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 99 Japanese yen
AUD/NZD: 1.10 NZ dollars

With real estate listings at the best point since 2015, is this the higher interest rates finally coming home to roost?
MARKET WRAP:
<ul>
<ul>
<li aria-level="1">ASX200: up 0.13%, 8,187</li>
<li aria-level="1">GOLD: $2,632 US/oz</li>
<li aria-level="1">BITCOIN: $93,780 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">With the materials sector hampered by falling iron prices yet again, Fortescue dropped by 1.5% to $18.97  &amp; Rio Tinto slid by 2.2%, Mineral Resources tanked a whopping 6.4% and BHP fell 1.16% to $43.28</li>
<li aria-level="1">Brent Crude fell more than 4% overnight, now buying around $77 US a barrel, which saw Woodside and Santos both weaker.</li>
<li aria-level="1">Elsewhere and Pilbara minerals lost 5% to $2.85</li>
<li aria-level="1">Whitehaven coal lost just under 3% to $7.01</li>
<li aria-level="1">Goodman Group and James Hardie both taking a tumble.</li>
<li aria-level="1">REA Group, which closed up 2% to $216.50 with national listings in September at their highest since 2015.</li>
<li aria-level="1">By association Domain Holdings also closed up 1.5% to $3.29</li>
<li aria-level="1">ZIP closed up 6% to $2.89 a fresh 52 week high maintaining its momentum in the buy now pay later space</li>
<li aria-level="1">And Pro Medicus lifted 4% to $186.63.
 
</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 67.30 US cents</li>
<li aria-level="1">AUD/GBP: 51.5 pence</li>
<li aria-level="1">AUD/EUR: 61 Euro cents</li>
<li aria-level="1">AUD/JPY: 99 Japanese yen</li>
<li aria-level="1">AUD/NZD: 1.10 NZ dollars</li>
</ul>

Money News with Scott Haywood - 9th October

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