FEAR & GREED | Business News Afternoon Report | Bitcoin slumps, bond yields rise
Dec 2, 2025
Market movers take center stage as the ASX 200 sees gains led by energy and mining sectors, while tech stocks stumble. A significant drop in bitcoin price draws attention, coinciding with rising bond yields. In corporate news, the suspension of a former PwC chief sparks discussions about company culture. Meanwhile, Accenture faces scrutiny over a massive budget blowout for a website overhaul. Lastly, Airbus inspects hundreds of A320neos for potential defects, raising concerns about delivery timelines.
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Markets Moved On Yields, Energy, And Crypto
- Australian markets rose modestly with energy and mining leading the gains as bond yields and crypto moves influenced flows.
- Bitcoin plunged over 7% overnight and is down 33% in months, amplifying market volatility after BOJ rate signals lifted yields.
System Outage Hits ASX Operator And Tech Stocks
- ASX operator shares fell after Morningstar downgraded the company following a system failure that blocked announcements.
- Technology and monitoring stocks lagged while energy and miners outperformed amid broader macro moves.
Former PwC CEO Suspended Over Tax Leak
- Tom Seymour, former PwC Australia CEO, was suspended for four years and fined nearly $25,000 over the tax leak scandal.
- Chartered Accountants ANZ said Seymour failed to act on clear signs of confidential government tax information being shared inside PwC.