With Richard White stepping down as the head of Wisetech Global, will the company be able to arrest the slide in its share price?

MARKET WRAP:
ASX200: down 0.12%, 8,206
GOLD: $2,747 US/oz
BITCOIN: $100,926 AUD
Tech stocks again took a beating, with NextDC losing 3.9%, Macquarie Technology Group down 3.2% and Codan losing 2.2%.
Fortescue managed to ship a record 47.7 million tonnes of iron ore across the country, but with analysts expecting more, its share price dropped down 3.2% to $19.13
Each of the Big Four banks were in the green. 
A win in the United States for Telix Pharmaceuticals, who gained FDA approval on a drug application, saw its shares gain 1.7% to $21.46.
And there were gains of more than 1% for REA Group, South 32 and Sonic Healthcare.

CURRENCY UPDATE:
AUD/USD: 66.55 US cents
AUD/GBP: 51.4 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 101 Japanese yen
AUD/NZD: 1.10 NZ dollars

With Richard White stepping down as the head of Wisetech Global, will the company be able to arrest the slide in its share price?
MARKET WRAP:
<ul>
<ul>
<li aria-level="1">ASX200: down 0.12%, 8,206</li>
<li aria-level="1">GOLD: $2,747 US/oz</li>
<li aria-level="1">BITCOIN: $100,926 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">Tech stocks again took a beating, with NextDC losing 3.9%, Macquarie Technology Group down 3.2% and Codan losing 2.2%.</li>
<li aria-level="1">Fortescue managed to ship a record 47.7 million tonnes of iron ore across the country, but with analysts expecting more, its share price dropped down 3.2% to $19.13</li>
<li aria-level="1">Each of the Big Four banks were in the green. </li>
<li aria-level="1">A win in the United States for Telix Pharmaceuticals, who gained FDA approval on a drug application, saw its shares gain 1.7% to $21.46.</li>
<li aria-level="1">And there were gains of more than 1% for REA Group, South 32 and Sonic Healthcare.</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 66.55 US cents</li>
<li aria-level="1">AUD/GBP: 51.4 pence</li>
<li aria-level="1">AUD/EUR: 61 Euro cents</li>
<li aria-level="1">AUD/JPY: 101 Japanese yen</li>
<li aria-level="1">AUD/NZD: 1.10 NZ dollars</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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Audio highlights from Sydney's number one station.

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The Market Wrap with Scott Phillips – CIO, The Motley Fool

Mosaic Brands is the latest retail chain to suffer the fate of administration, but should we be surprised?

MARKET WRAP:
ASX200: up 0.12%, 8,221
GOLD: $2,753 US/oz
BITCOIN: $103,737 AUD
The Tech sector leading the way, up 2%, led by Xero, up 2.5%, and Wisetech Global, up 0.9%
A lift in the iron ore price on futures markets helped our big miners, as BHP lifted 1.3%, Fortescue rose 2.2% and Rio Tinto gained 1.7%.
Sleep apnoea med tech company Resmed gained 3.6% to $39.07
Sliding backwards by 15.3% to $10.36 was uranium producer Paladin Energy
Lowering tensions in the Middle East brought the oil price down, with Woodside, Santos and Viva Energy all finishing in the red.
Mosaic Brands heading into voluntary administration, with shares suspended at 3.6 cents since late August.

CURRENCY UPDATE:
AUD/USD: 66.00 US cents
AUD/GBP: 50.90 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 101 Japanese yen
AUD/NZD: 1.10 NZ dollars

Mosaic Brands is the latest retail chain to suffer the fate of administration, but should we be surprised?
MARKET WRAP:
<ul>
<ul>
<li aria-level="1">ASX200: up 0.12%, 8,221</li>
<li aria-level="1">GOLD: $2,753 US/oz</li>
<li aria-level="1">BITCOIN: $103,737 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">The Tech sector leading the way, up 2%, led by Xero, up 2.5%, and Wisetech Global, up 0.9%</li>
<li aria-level="1">A lift in the iron ore price on futures markets helped our big miners, as BHP lifted 1.3%, Fortescue rose 2.2% and Rio Tinto gained 1.7%.</li>
<li aria-level="1">Sleep apnoea med tech company Resmed gained 3.6% to $39.07</li>
<li aria-level="1">Sliding backwards by 15.3% to $10.36 was uranium producer Paladin Energy</li>
<li aria-level="1">Lowering tensions in the Middle East brought the oil price down, with Woodside, Santos and Viva Energy all finishing in the red.</li>
<li aria-level="1">Mosaic Brands heading into voluntary administration, with shares suspended at 3.6 cents since late August.</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 66.00 US cents</li>
<li aria-level="1">AUD/GBP: 50.90 pence</li>
<li aria-level="1">AUD/EUR: 61 Euro cents</li>
<li aria-level="1">AUD/JPY: 101 Japanese yen</li>
<li aria-level="1">AUD/NZD: 1.10 NZ dollars</li>
</ul>

The Market Wrap with Adam Dawes, Senior Investment Adviser, Shaw and Partners

The record of Qantas, its former CEO & Chairman, and the interaction of our politicians has been picked apart in former AFR Columnist Joe Aston’s book The Chairman’s Lounge.

The record of Qantas, its former CEO &amp; Chairman, and the interaction of our politicians has been picked apart in former AFR Columnist Joe Aston’s book The Chairman’s Lounge.

Joe Aston, former AFR columnist & author of “The Chairman’s Lounge”

This week: The changing face of what we're looking for in property; how to get the best staff when hiring over Christmas; the IMF takes a shot at Australia's record on inflation; Richard White steps down as the CEO of Wisetech Global after a tumultuous week; and Ben Willee talks us through the importance of "upfronts" to network media.

This week: The changing face of what we're looking for in property; how to get the best staff when hiring over Christmas; the IMF takes a shot at Australia's record on inflation; Richard White steps down as the CEO of Wisetech Global after a tumultuous week; and Ben Willee talks us through the importance of "upfronts" to network media.

The Market Wrap with Scott Phillips – CIO, The Motley Fool

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