FEAR & GREED | Business News Aussie economy slows to a crawl; CBA pushes beyond $300b; Virgin IPO for ASX
Jun 4, 2025
Economic growth in Australia has stagnated, with only 0.2% increase reported. The Commonwealth Bank's market valuation has surged past $300 billion. Virgin Australia is gearing up for its IPO on the ASX. Major tech companies are exploring greener energy solutions, while Elon Musk critiques Donald Trump's tax cuts. The discussion also highlights rising commodity prices and their effects on local industries, alongside the political climate influencing future economic policies.
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Sluggish Australian Economic Growth
- Australia's economy is growing at just 0.2% this quarter, well below long-term averages.
- Productivity remains unchanged since 2016, showing stagnant economic efficiency.
Market Expects Interest Rate Cuts
- The Reserve Bank is under pressure to cut interest rates due to weak growth.
- Bond investors price in over 80% chance of a rate cut in July, highlighting expectations of easing.
Commonwealth Bank's Market Dominance
- Commonwealth Bank's valuation surpasses $300 billion for the first time.
- It is nearly as valuable as the combined market caps of NAB, Westpac, and ANZ.
