OK, that's all from the ABC business team for today and this week.
Looking ahead we're watching all things Trump and the US economy, geopolitics, local inflation, economic growth and the implications for interest rates.
This half-year reporting season is also proving a wild ride for investors.
Have a nice weekend and take care.
Catch you next week.
Australians have squirrelled away an additional $2.8 billion in the month of January, Canstar has reported.
Today’s APRA statistics show household deposits among authorised deposit-taking institutions (ADIs) hit a new record high of $1.72 trillion in January, an increase of $134.5 billion in the space of a year.
Can anyone help Matt here?
It's a mystery.
AMP's head of investment strategy has decided to throw a little Friday afternoon grenade.
Here's his outlook for equities:
Stretched valuations, political uncertainty associated with Trump & the mid-term elections, AI bubble & tech valuation worries, and geopolitical risks are the main drags [for shares].
But returns should still be positive thanks to Fed rate cuts, Trump’s consumer-friendly pivot and solid profit growth.
A return to profit growth should also support gains in Australian shares even though the RBA has increased rates.
Another 15% or so correction in share markets is likely along the way though.
As always this is not intended as investment or financial advice.
Australia's National Accounts for the fourth quarter of 2025 will be published Wednesday March 4.
The papers will contain gross domestic product (GDP) figures.
The strength of economic growth will weigh into the Reserve Bank's deliberations on interest rates.
Price current around 4:30pm AEDT
Live updates on the major ASX indices:
It's been a bruising week for Australia's second biggest supermarket. Shares plunged 7% after half-year earnings showed net profits were down 11.3% this morning. The company is also being sued by the ACCC over allegedly misleading promotions, which wrapped up closing arguments this week.
After briefly picking up a few points in the afternoon, the supermarket giant's shares continue to slide, down 7.35% for the day.
The S&P/ASX 200 has closed up 23 points or 0.25% to 9,198.60.
It's a record closing high.
So far this year the Australian share market is up 5.3%, against 2.8% for global shares.
Here's an excerpt from AMP's Shane Oliver weekly note about the cash coming out of tech and into the broader US share market.
The rotation from tech to non-tech continues.
This is evident in the continuing outperformance of the equal weighted US S&P 500 which is up 6.7% year to date compared to the tech heavy market cap weighted S&P 500 which is up just 0.9%.
[It's also evident] in the relative outperformance so far this year of non-US share markets with Eurozone shares up 6.4% and Japanese shares up 16%.
Tech has a 32% weight in the US share market but its nearly 50% if tech like stocks are included.