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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Thursday, the twenty second of January twenty twenty six.

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Speaker 1: Oh Michael Thompson, and every afternoon, We've got the five

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Speaker 1: stories that happened today that you need to know about.

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Speaker 1: Let's go story number one. The SMPA SEX two hundred

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Speaker 1: jumped zero point eight percent today to eighty eight hundred

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Speaker 1: and forty nine points. Nine of the eleven sectors on

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Speaker 1: the BOSS gained ground today. The ASEX was even higher

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Speaker 1: than that this morning, before the release of the labor

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Speaker 1: force figures for December, which showed a surprise jump in

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Speaker 1: the number of jobs created and a drop in the

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Speaker 1: unemployment rate to four point one percent, down from four

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Speaker 1: point three percent, increasing expectations of an interest rate hike

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Speaker 1: as soon as next month. But still, the Boss had

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Speaker 1: a very solid day, largely because of the easing of

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Speaker 1: tensions over Greenland after US President Donald Trump made a

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Speaker 1: speech at Davos overnight where he backed down from threats

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Speaker 1: to slap tariffs on European nations. He's still wants Greenland

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Speaker 1: and says there is a framework now in place for

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Speaker 1: him to do it, but he's not going to use

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Speaker 1: tariffs to get it. On the ASX, the energy companies

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Speaker 1: had a great day. Woodside was up nearly three percent,

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Speaker 1: Santos more than five percent. The big banks had a

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Speaker 1: crack at NAB was up three percent. Commonwealth Bank on

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Speaker 1: Westpac were both more than two percent higher. The material

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Speaker 1: sector was lower, though pulled down by Fortescue which fell

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Speaker 1: more than five percent. A bit more in that one

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Speaker 1: later gold miners Northern Star and Regis Resources. They were

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Speaker 1: both off around eight percent on to story number two.

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Speaker 1: Now and National's leader David little Proud announced this morning

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Speaker 1: that his party was leaving the coalition after the internal

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Speaker 1: dispute over hate speech legislation earlier this week, but Liberal

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Speaker 1: leader Susan Lee hasn't responded to the announcement, saying instead

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Speaker 1: that today the focus must be on the National Day

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Speaker 1: of Mourning. Following the Bondai Beach terror attack last month,

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Speaker 1: flags have been flown at half mast across the country

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Speaker 1: and at one minute passed seven. Tonight there'll be a

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Speaker 1: minute silence observed. A vigil to remember the fifteen victims

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Speaker 1: of the attack as being held this evening at the

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Speaker 1: Sydney Opera House. Prime Minister Anthony Alberezi, Susan Lee and

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Speaker 1: New South Wales Premier Chris Mins will each deliver an address.

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Speaker 1: Governor General Sam Mostyn will read a passage. Speaking today,

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Speaker 1: the Prime Minister talked about the attack at Bondai, saying,

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Speaker 1: I quote, this is a place where nothing should break

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Speaker 1: except for the waves, but a lot broke that night.

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Speaker 1: It was a tragic attack not just on Jewish Australians,

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Speaker 1: but on the Australian way of life. On to story

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Speaker 1: number three. Now and Australian investors are piling into gold,

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Speaker 1: with flows into gold exchange traded funds jumping sharply this year.

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Speaker 1: Global X ETFs Australia has seen average weekly flows into

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Speaker 1: its gold ETFs increase dramatically. Since January one, Australians have

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Speaker 1: invested an average of nineteen point eight million dollars a

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Speaker 1: week into their funds, up twenty eight point six percent

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Speaker 1: on the fifteen point four million dollar average weekly flows

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Speaker 1: that will record last year. Global X funds have about

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Speaker 1: seven point three billion dollars in assets under management. Justin

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Speaker 1: Lynn from global X says that given the escalation in

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Speaker 1: trade tensions and risks to both the US dollar and

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Speaker 1: the euro, gold may have in fact built a short

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Speaker 1: term floor of four five hundred US dollars an ounce

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Speaker 1: Story number three. I mentioned four TOESCU earlier. The minor

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Speaker 1: says it has shipped a record volume of iron ore

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Speaker 1: in the six months to December. It export had just

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Speaker 1: over one hundred million tons in the half, up three

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Speaker 1: percent on a year earlier, following similar record shipments from

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Speaker 1: Rio Tinto. Adding to growing supplies coming out of Western Australia,

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Speaker 1: that surge has helped push stockpiles at Chinese ports to

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Speaker 1: multi year highs, potentially weakening prices in future negotiations. Iron

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Speaker 1: ore is still trading above one hundred US dollars a ton,

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Speaker 1: but a lot of forecasters expect prices to ease as

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Speaker 1: that supply continues to rise and demand softens. And finally,

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Speaker 1: story number five, a major rescuer operation is underway on

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Speaker 1: the North Island of New Zealand after a landslide swept

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Speaker 1: through a coastal campground. Up to ten people are unaccounted for,

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Speaker 1: including children. The landslide at the Mount Manganui Beachside holiday Park,

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Speaker 1: which is southeast of Auckland, was triggered by torrential rain.

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Speaker 1: Destroyed tents, cabins and a shower block. The New Zealand

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Speaker 1: Herald reports rescuers initially heard people yelling from inside the

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Speaker 1: shower block. Rescuers were forced to withdraw due to the

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Speaker 1: risk of further landslides. When they returned, the calls had fallen.

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Speaker 1: Silent authorities say the exact number missing remains unclear, as

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Speaker 1: some campers may have left without checking out. The region

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Speaker 1: has been hit by widespread flooding and landslides, with emergency

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Speaker 1: services describing conditions as extremely challenging. And that's it for

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Speaker 1: the afternoon Report for Thursday, the twenty second of January.

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Speaker 1: Make sure you're following the podcast and please head along

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Speaker 1: to Fear and Greed dot com today you to sign

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Speaker 1: up for our free daily newsletter. I'm Michael Thompson. Enjoy

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Speaker 1: yourrating Mmmm