Shares climb as Biden and McCarthy agree default is off the table; Qantas forecasts $2.5b profit; 29Metals updates production guidance for its Capricorn mine; Baby Bunting appoints Afterpay’s Mark Teperson as CEO; Perpetual’s David Lane to leave.
Shares recoup losses; record profits at ANZ, Macquarie. CBA lifts home loan rates; Medibank in class action; Atlassian revenues beat estimates; RBA economic forecasts at 11.30am.
Shares edge lower. Santos is ‘underperforming’: E&P. Amcor tumbles over 8pc. Ramsay Healthcare boosts revenue in results. JB Hi-Fi reports sales in third quarter update. Wall Street dropped on energy, regional bank worries. Fed statement on Thursday AEST.
The four bosses of the major bank’s retail divisions are considering ways to add more “grit” into the payments system to ensure money gets to the right place, amid a dramatic spike in cybercrime.
Australian shares were up 0.8 per cent, led by gains in 10 sectors. AMP expecting first strike on bonuses. REIT HealthCo & Wellness completes placement. NobleOak in breach of APRA’s prudential standards. BNPL providers promise to strengthen code of conduct.