SBS News In Depth
ASX soars, Aussie dollar at 4-year high on hopes of war’s end artwork

ASX soars, Aussie dollar at 4-year high on hopes of war’s end

SBS News In Depth
09:03
Play episode

Show notes

The Australian sharemarket rose 0.96 per cent, amid hopes of a peace deal between the US and Iran. As a result, oil prices have dropped sharply – though remain above US$100 a barrel – and precious metal and commodity prices have risen. The Australian dollar has also benefited, reaching a four-year high, as risk appetite increases. For more on this, Stephanie Youssef spoke with Angus Geddes, Chief Investment Officer at Fat Prophets.

More from this show

More
  1. Investors react to the Fed's Warsh on inflation commentary

    SBS Finance Editor Ricardo Gonçalves speaks with Piers Bolger from Infinity Asset Management about the day's market action including how investors reacted to Kevin Warsh's speech a…

    09:25
  2. 'Easily ripped off': Why fashion dupes are on the rise

    Knockoffs aren't anything new in the fashion industry, but experts say the rise of online shopping has made it easier to find duplicated designs. Business owners and fashion law ex…

    05:55
  3. Your risk of Motor Neurone Disease where you live: "Australians would be shocked".

    Which disease has an annual death rate that is two thirds of the nation's road toll - and is getting worse? The same condition has numerous, hugely famous patients and patrons at h…

    06:08
  4. The search for survivors in Nepal continues as new threats emerge

    More than 800 people have been killed, and over 3000 missing in Nepal after devastating floods swept the region last week. With 43 Australians still unaccounted for, experts say th…

    06:59
  5. Pacific Islands Forum in Palau to get underway with a number of leaders absent

    Prime Minister Anthony Albanese is among the leaders attending the Pacific Islands Forum meeting Leaders Meeting in Palau.

    01:36
  6. Teachers treated with 'contempt': how the manosphere is changing school students’ behaviour

    Teachers are frequently being targeted by misogyny, sexism and gendered violence at school, according to new research from Monash University. Most of those surveyed said so-called…

    05:00
Now Playing
ASX soars, Aussie dollar at 4-year high on hopes of war’s end — SBS News In Depth | Josplay Music