Global markets tank | Qantas airfares to rise | Fertility rates low
Global markets have crumbled as investors fear the political changes in the US may be bad for technology shares but Australia’s share market largely avoided the big losses; Qantas says it’s reducing capacity and adjusting fares because of higher oil prices; and the ABS says Australia’s fertility rate has risen but remains historically low.
00:00 Global stock markets experienced a sharp sell-off following the US midterm election, as investors reacted to political uncertainty
01:37 The ASX fell only slightly today, compared with a much steeper drop on Wall Street overnight
02:19 Amid the market uncertainty, many investors turned to defensive sectors such as consumer staples, utilities and telecommunications
03:17 The Australian dollar took a hit against the greenback
03:58 Australia’s fertility rate has risen slightly but remains well below the level needed for each generation to replace itself without migration
04:34 Macquarie Group’s profit surged in its outgoing chief executive’s final results
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
#GlobalMarkets #ASX #Qantas #OilPrices #AustralianEconomy #fertilityrate
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