FEAR & GREED | Business News Afternoon Report | Economics, earnings and tax
Aug 7, 2025
Markets experienced a flat close on the ASX, raising eyebrows among investors. Rio Tinto proposes changes to sick leave, stirring discussions on corporate responsibility. AMP faces disappointing profit results, revealing the challenges of the current economic landscape. A surprising jump in trade balance may indicate shifting dynamics. Moreover, tax concessions for high earners and retirees are scrutinized as the economy confronts new hurdles.
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ASX 200 Market Sector Trends
- The ASX 200 showed mixed sector performance, with energy and gold doing well while miners dropped and healthcare underperformed.
- Consumer discretionary stocks outperformed banks and major miners faced declines, revealing market sector rotation.
Rio Tinto's Sick Leave Cut Controversy
- Rio Tinto aims to slash sick leave from 45 to 12 days for Pilbara mine workers, citing fairness from a staff survey.
- This major cut, though above minimum standards, faces backlash from unions calling for formal agreements.
Australia's Trade Surplus Growth and Risks
- Australia's trade surplus widened sharply to $5.4 billion due to a 16-month export high and falling imports.
- Despite short-term gains, economists warn global trade volatility from tariffs threatens sustained GDP growth support.