FEAR & GREED | Business News Trumponomics roils markets; housing market bounces; Wisetech’s $4b bid
May 25, 2025
Trumponomics is shaking up financial markets, with the Australian dollar jumping and uranium stocks thriving. A recent interest rate cut has sparked a rebound in the local housing market, evidenced by rising auction clearance rates in major cities. Meanwhile, Wisetech Global is making waves with a $4 billion bid for E2Open, despite facing leadership challenges. Political tensions simmer in Australia alongside economic concerns in various sectors, hinting at complex geopolitical shifts that could ripple through the economy.
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Trumponomics Shakes Markets
- Trumponomics caused the Aussie dollar to surge to nearly 65 US cents and rattled equity markets.
- Investors are seeking non-US currencies due to uncertainty around US tariffs and policies.
US Nuclear Policy Boosts Uranium
- US President Trump's executive orders to boost nuclear capacity and reduce reliance on China and Russia lifted Australian uranium stocks.
- Stocks surged on rumors before the official order directing fast-tracking of nuclear licenses.
Housing Market Bounces Post Cuts
- The local housing market bounced strongly post the Reserve Bank's interest rate cut with preliminary clearance rates rising above 71%.
- Melbourne and Sydney saw high median prices nearing $1 million and $2 million respectively.
