David Jones administration | ASX surges in US midterms | Public sector workers
David Jones has fallen into the hands of voluntary administrators after 188 years in business; the ASX hits a two month high after a blue wave hits US; and public sector job and pay growth slows.
00:00 Iconic Australian retailer David Jones has fallen into the hands of voluntary administrators
03:37 Global markets have surged following the US midterms blue wave
04:49 The Australian dollar strengthened against the greenback, back above 70 US cents
05:10 NAB shares slumped, marking their lowest level in three weeks following the release of the bank’s full-year financial results
06:27 Australian auction clearance rates and home values have fallen to their weakest levels since early 2020, according to Cotality
06:56 Growth in Australian public sector jobs and wages moderated over the 2025–26 financial year, according to the ABS
07:32 How gift cards and loyalty points will likely be treated as David Jones trades under the control of administrators
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#DavidJones #ASX #AustralianEconomy #NAB #PropertyMarket #FinanceNews
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