FEAR & GREED | Business News Afternoon Report | May marvels
May 30, 2025
Today’s discussion covers exciting market movements, including a rise in the S&P ASX 200. Significant political shifts are in focus, with One Nation's victory making waves. Changes in gas financing rules are also on the table, hinting at potential industry impacts. Plus, there’s talk of an uplifting royal message that resonates amidst ongoing challenges. Don’t miss insights on Trump’s tariff win and what it means for global trade!
AI Snips
Chapters
Transcript
Episode notes
May Market Movement Insight
- The ASX 200 closed up 0.3% on May 30, finishing at 8,435 points, with May overall up 3.5%. - Utilities and consumer staples were preferred, while energy stocks dipped, showing sector rotation.
Westpac's Lending Policy Shift
- Westpac is easing lending rules for the gas industry despite demanding emissions plans from clients. - It lowered its climate ambition from 1.5 degrees to Paris Agreement's broader 'well below two degrees' goal.
One Nation's Senate Win
- One Nation won the sixth Senate seat in New South Wales, increasing its Senate presence to four members. - The win represents a comeback for Pauline Hanson's party after the May 3 election.