FEAR & GREED | Business News Afternoon Report | ASX hits 3 month high
May 16, 2025
The ASX 200 index has hit a three-month high, driven by gains in real estate and AI sectors. Legal battles unfold as Dexus faces airport claims, while a court dismisses a high-profile war crimes appeal. Updates from the Australian Electoral Commission reveal election results, and a groundbreaking AI deal in the UAE hints at changing global dynamics. It's a whirlwind of business and politics shaping the market landscape!
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ASX 200 Hits Three-Month High
- The ASX 200 reached an eight-day winning streak hitting a three-month high at 8,344 points.
- Optimism was driven by weaker US economic data and speculation of Federal Reserve rate cuts.
Dexas Faces Airport Stake Trouble
- Dexas's 27.3% stake in Melbourne Airport faces legal challenge due to alleged breach of confidentiality.
- The dispute involves confidential financial forecasts disclosed during investor pitches.
Ben Roberts-Smith War Crimes Appeal
- Ben Roberts-Smith lost his appeal against a court ruling finding him complicit in war crimes.
- He plans to challenge the judgment further despite the Federal Court dismissing his case and appeal.