Hosts: Deb Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

See omnystudio.com/listener for privacy information.

Many Australians have adopted online accounting software Xero to make their businesses easier to operate, with the company growing subscribers by 6% in the last year.

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MARKET WRAP:

• ASX200: up 0.37%, 8,224

• GOLD: $2,557 US/oz

• BITCOIN: $139,317 AUD
  
  

• The ASX 200 broke a losing streak to close up 0.4%

• Accounting software company Xero released its half-year earnings with shares finishing 5.9% higher to $171.

• Farm chemical supplier Nufarm saw its shares gain 6% despite a 29% fall in underlying earnings.

• Commbank up 2.2%, NAB up 1%, Westpac up 1.3% and ANZ up 1.2%.

• BHP down 1.3% and Fortescue down 1.9%.

• Resmed down 2.5% and Bluescope Steel down 2.4%.

CURRENCY UPDATE:

• AUD/USD: 64.65 US cents

• AUD/GBP: 51.0 pence

• AUD/EUR: 61 Euro cents

• AUD/JPY: 100 Japanese yen

• AUD/NZD: 1.10 NZ dollars

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Unemployment remained at 4.1%, but there are some signs that the worm may be starting to turn - probably not enough to change the RBA though!

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Wages up 3.5% over the last year; Spotify grows its numbers of paid subscribers; Commonwealth Bank cashes $2.5b first quarter profit; US markets have first down day one week on from the election; Donald Trump appoints his cabinet; cryptocurrency shooting the lights out; how to finance a divorce; and Kate Hanrahan joins us for the Market Wrap.

Hosts: Deb Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

See omnystudio.com/listener for privacy information.

Divorce can be a messy time financially, so a new start-up is helping to smooth the process, offering financing for legal fees.

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One week on from the US election, markets took their first dive. But with a radical agenda to be put in place, what’s the long term outlook for financial markets & cryptocurrency?

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A lack of IPO action has been a mark of the ASX this year, but DigiCo is expected to list before Santa appears down our chimneys.

MARKET WRAP:

• ASX200: down 0.75%, 8,193

• GOLD: $2,612 US/oz

• BITCOIN: $134,135 AUD
  
  

• Financial stocks were down 1.1%

• Commonwealth Bank gave its first quarter update, with the bank down 0.4% to $149.62 after posting net profit of $2.5 billion in the first quarter.

• A 23% fall in net profit for building materials company James Hardie didn’t put off investors - shares were up 6.2% to $53.35

• Aristocrat Leisure increased its profits by 17%, helping shares to gain 2.6% on the day to $66.62

• Gains of more than 1% for Flight Centre, Yancoal, and Ampol.

• Mineral Resources shares down 7.2% to $34.95

• NUIX plunged more than 22% to $5.90 after the CEO told the market growth would be weighted towards the back half of the year.

CURRENCY UPDATE:

• AUD/USD: 65.26 US cents

• AUD/GBP: 51.2 pence

• AUD/EUR: 61 Euro cents

• AUD/JPY: 101 Japanese yen

• AUD/NZD: 1.10 NZ dollars

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Wage growth has fallen over the last quarter, but with salaries still going up at a greater rate than prices, workers are starting to feel better off.

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Australian workers have seen a 3.5% increase to wages over the last year, ahead of inflation again, with no signs of a much feared wage-price spiral.

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Fertility decline leading to serious conversation on population; Coles boss calls cost of living debate "politicised"; airfares get more expensive; consumer & business confidence looking up; households spend on tickets; ASIC sues Cbus Super; young workers missing out on retirement; Singles Day grows as a sales event; and Henry Jennings joins us for the Market Wrap.

Host: Deb Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

See omnystudio.com/listener for privacy information.