Cboe Gets Nod to List Firms in Australia in Threat to ASX
A worker holds an one kilogram gold bar at the ABC Refinery smelter in Sydney.
Photographer: Brendon Thorne/BloombergGood morning, it’s Angus here in Sydney. Here’s what you need to know on this Tuesday morning, following a blockbuster AI infrastructure deal in the US.
Today’s must-reads:
• Cboe gets Australia listing nod
• The outlook for interest rates worldwide
• Gold to be Australia’s second-biggest earner
Cboe Global Markets got regulatory approval to conduct sharemarket listings in Australia, bringing it closer to challenging the nation’s embattled main exchange operator ASX Ltd.
Gold will become Australia’s second-most-valuable commodity export, overtaking liquefied natural gas, after the metal’s “extraordinary surge” to record prices, the government said. Gold has punched to successive highs in the past 12 months as central banks boost holdings, the Federal Reserve cuts US interest rates, and geopolitical instability lifts demand for havens.