The Australian sharemarket has had its best winning streak in eight months closing at an 11-week high; traders become uneasy about the longer term direction of US interest rates; and Australian travel to Japan surges and the US continues to fall in popularity.
00:00 Geopolitical issues and fresh concerns about the independence of the US central bank haven’t deterred local investors who sent shares climbing this week
01:07 The US Fed meets to discuss interest rates at the end of the month – Donald Trump expected to have picked Chairman Jerome Powell’s replacement by then
01:36 The ASX closed 0.5 per cent higher today
02:16 The top travel destinations for Australians are on the move, with the US falling out of favour, while trips to Japan are rapidly on the rise
03:17 Netflix is expanding its movie pipeline with a new deal with Sony Pictures, reportedly worth 7 billion US dollars, as a US judge has denied Paramount’s request to fast-track a lawsuit it filed against Warner Bros. over the proposed Netflix merger
04:07 A new ‘Forever Stamp’ immortalises a famous 1974 photo of Muhammad Ali in a fighting stance
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#OnTheMoney #ASX #InterestRates #TravelTrends #FinanceNews
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