The Australian sharemarket had its best day in three weeks as gold, silver and copper reach record highs; shareholders of Channel 7 owner Seven West Media approve a merger with Southern Cross Media; Australian Energy Regulator takes Origin Energy to court alleging overcharging of some customers.
00:00 The Australian sharemarket starts the new week strongly, with gold, silver and copper all hitting fresh highs today
00:53 By the close, the ASX 200 added 0.9 per cent, its best day in three weeks, led higher by the materials sector
01:25 Seven West Media’s shares fell as its shareholders approved its merger with Southern Cross
01:49 Rising tensions in Venezuela is increasing the oil price, with Brent climbing more than 2 per cent
02:22 The energy regulator is taking Origin Energy to court, accusing it of continuing to charge thousands of Centrelink recipients who’d closed their accounts and paid off their bills
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#OnTheMoney #ASX #FinanceNews #AustralianEconomy #Commodities
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