Sat, 8th Feb 2025

This week's edition of the Finance News Wrap takes you through the happenings in the financial world, with a focus on concerns over escalating trade tensions and market turbulence, specifically in Australia. Lower closings on the ASX200 due to increasing US-China tariff tension and the decline of the Australian dollar is discussed. Despite minor gains on the All Ordinaries Index and promising moves for Pro Medicus, sectors like energy, and companies like Audinate Group, faced significant declines. The ripple effect on major banks and companies in sectors like materials and mining is also highlighted. Prospect of retaliation on the global scale, due to tariffs imposed by President Trump on North American and Chinese goods, raises fears of a global trade war. Tune in next week for any updates on these developments.n