Global markets have crumbled as investors fear the political changes in the US may be bad for technology shares but Australia’s share market largely avoided the big losses; Qantas says it’s reducing capacity and adjusting fares because of higher oil prices; and the ABS says Australia’s fertility rate has risen but remains historically low.
00:00 Global stock markets experienced a sharp sell-off following the US midterm election, as investors reacted to political uncertainty
01:37 The ASX fell only slightly today, compared with a much steeper drop on Wall Street overnight
02:19 Amid the market uncertainty, many investors turned to defensive sectors such as consumer staples, utilities and telecommunications
03:17 The Australian dollar took a hit against the greenback
03:58 Australia’s fertility rate has risen slightly but remains well below the level needed for each generation to replace itself without migration
04:34 Macquarie Group’s profit surged in its outgoing chief executive’s final results
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#GlobalMarkets #ASX #Qantas #OilPrices #AustralianEconomy #fertilityrate
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