FEAR & GREED | Business News Afternoon Report | ASX hits two week low
Oct 30, 2025
The ASX 200 sees a decline as hopes for rate cuts dim, impacting property and retail sectors. In corporate news, MinRes reports strong results, negating the need for lithium asset sales. The James Hardy chair is ousted after a major merger, while Senate dynamics shift with a new questioning strategy. The US Federal Reserve cuts rates but remains cautious, highlighting risks in the job market and tariffs. Stay tuned for a quick update on key business stories!
AI Snips
Chapters
Transcript
Episode notes
Market Reaction To Rate Cut Doubts
- The ASX 200 fell 0.5% to 8,886 as rate-cut hopes faded and interest-rate-sensitive stocks weakened.
- Property and consumer discretionary names led losses while lithium stocks and CSL outperformed.
AGM Ousts Chair After Big Merger
- James Hardy chair Anne Lloyd was ousted at the AGM following its $14 billion merger with AZEC.
- Coles delivered near 5% September quarter sales growth, outpacing Woolworths.
Senate Row Over Extra Questions
- Labor threatened to remove opposition MPs from senior committee roles after the Coalition-backed push extended Senate question time.
- The change added five non-government questions after Senator David Pocock sought a withheld report on board appointments.