The market responded well to comments from US Fed Chair Jerome Powell, who doesn’t seem worried about tariff inflation.

MARKET WRAP:
ASX200: up 1.16%, 7,918
GOLD: $3,051 US/oz
BITCOIN: $135,930 AUD

 
Cleanaway Waste Management turned trash into treasure with a $377 million deal to acquire toxic chemical handler Contract Resources. Shares rose 2% to $2.60 on the news.
TPG Telecom gained approval to sell its fibre networks for $5.25 billion from the regulator, helping its shares 5.9% higher to $4.82.
Brickworks gained 1.1% despite a 6% decline in total revenue in its half-year results.
Wisetech up 2.5%, Technology One up 3%, and Xero gaining 2%.
Myer dropping another 5.3% after its half-year reports yesterday.
Iron ore futures prices dipped below $100 US a tonne, sending BHP down 1.1%, Fortescue down 3.3% and Rio Tinto down 1%.
James Hardie fell 4.8% and Seek lost 0.9%.

CURRENCY UPDATE:
AUD/USD: 63.17 US cents
AUD/GBP: 48.7 pence
AUD/EUR: 58 Euro cents
AUD/JPY: 93 Japanese yen
AUD/NZD: 1.09 NZ dollars

The market responded well to comments from US Fed Chair Jerome Powell, who doesn&rsquo;t seem worried about tariff inflation.
MARKET WRAP:
<ul>
<li aria-level="1">ASX200: up 1.16%, 7,918</li>
<li aria-level="1">GOLD: $3,051 US/oz</li>
<li aria-level="1">BITCOIN: $135,930 AUD</li>
</ul>
&nbsp;
<ul>
<li aria-level="1">Cleanaway Waste Management turned trash into treasure with a $377 million deal to acquire toxic chemical handler Contract Resources. Shares rose 2% to $2.60 on the news.</li>
<li aria-level="1">TPG Telecom gained approval to sell its fibre networks for $5.25 billion from the regulator, helping its shares 5.9% higher to $4.82.</li>
<li aria-level="1">Brickworks gained 1.1% despite a 6% decline in total revenue in its half-year results.</li>
<li aria-level="1">Wisetech up 2.5%, Technology One up 3%, and Xero gaining 2%.</li>
<li aria-level="1">Myer dropping another 5.3% after its half-year reports yesterday.</li>
<li aria-level="1">Iron ore futures prices dipped below $100 US a tonne, sending BHP down 1.1%, Fortescue down 3.3% and Rio Tinto down 1%.</li>
<li aria-level="1">James Hardie fell 4.8% and Seek lost 0.9%.</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 63.17 US cents</li>
<li aria-level="1">AUD/GBP: 48.7 pence</li>
<li aria-level="1">AUD/EUR: 58 Euro cents</li>
<li aria-level="1">AUD/JPY: 93 Japanese yen</li>
<li aria-level="1">AUD/NZD:&nbsp;1.09 NZ dollars</li>
</ul>

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>