FEAR & GREED | Business News Afternoon Report | Markets and jobs
May 15, 2025
Today’s market update reveals a slight gain in the ASX, driven by technology successes. GrainCorp sees a significant surge following its positive results. Political shifts are highlighted with the new leader of the Greens making waves. Meanwhile, oil prices are on the decline, and international business is buzzing with Trump’s new deals with Qatar. Tune in for insights on how these factors could influence economic trends!
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ASX Market Strength Despite Employment Surge
- The S&P ASX 200 has gained for seven straight days, driven by technology stocks and record highs for Commonwealth Bank shares.
- Despite strong job growth, the unemployment rate remains steady, leaving interest rate cut expectations intact.
GrainCorp Benefits From Harvest
- GrainCorp's share price soared over 8% following a robust half-year earnings forecast driven by a strong East Coast harvest.
- Their role as a bridge between thousands of grain growers and global markets highlights their key position in Australia's agribusiness.
Greens Leadership Shift and Senate Influence
- The Greens elected Senator Larissa Waters as leader after losing lower house seats, retaining power mainly through their 11 upper house senators.
- Leadership change reflects challenges, but the party maintains significant influence in the Senate.