Australia’s unemployment rate has fallen to 4.1% in December prompting a higher chance of an interest rate rise in February; the Australian dollar has broken above US68c; and European discount air carrier Ryanair capitalises on a public stoush with the world’s richest man.
00:00 New jobs figures increased the chance of an interest rate rise in a few weeks’ time
01:02 The Australian dollar surged beyond 68 US cents following the data
02:02 Gold and silver fell slightly, while here on the sharemarket, the major banks recovered following yesterday’s fall
02:33 The OECD is warning that ongoing budget deficits, an ageing population and climate costs could make Australia’s national debt rise rapidly
03:35 The financial complaints authority says it received more than 2,400 complaints from Aboriginal and Torres Strait Islander customers in the past year
04:06 A public stoush between Elon Musk and European discount airline CEO Michael O’Leary has escalated in recent days, prompting a so-called ‘idiot’ promotion
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#OnTheMoney #AustralianEconomy #InterestRates #AUD #GlobalMarkets
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