FEAR & GREED | Business News Afternoon Report | Economy grows, ASX up
Dec 3, 2025
The market surged following unexpected GDP data, raising hopes for potential interest rate cuts. However, First Guardian Master Fund investors faced disappointing news as liquidators revealed limited recoveries. Bruce Lehrmann's appeal was dismissed amidst serious allegations, while SME activity showed promising growth, indicating a resurgence in productivity. On another note, the MH370 search will resume, igniting renewed intrigue over the long-standing mystery.
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GDP Softness Boosts Market Rate Hopes
- The ASX 200 climbed 0.2% after Q3 GDP grew 0.4%, sparking hopes the RBA may pause or cut rates next year.
- Sector moves were mixed, with real estate and banks rising while some tech and miners diverged due to global supply shifts.
Lamborghini Sale Highlights Fund Collapse
- Liquidators recovered just $1.6 million from the collapsed First Guardian Master Fund, including a Lamborghini sold for $336,000.
- Investors face losses while creditors are likely to be repaid and platforms hosting the fund face pressure to compensate clients.
Appeal Reinforces Findings On Consent
- The federal court dismissed Bruce Lehrmann's appeal and strengthened findings that he was aware Brittany Higgins did not consent.
- Lehrmann may seek High Court review and continues to deny sexual contact despite the ruling and prior dropped criminal charges.