Sam Yang has a recap of today's finance news.
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00:00The Australian share market has hit another record high after a record close yesterday.
00:07The benchmark index ended the week 0.5% higher, shrugging off fears around Trump's tariffs.
00:14The Allods and the ASX 200 index closed up around 0.2% each today.
00:19Consumer staples and utilities let the gains.
00:22Before we take a look at the movers now, here in implant company Cochlear slumped by 13.7%
00:29despite posting a 7% increase in net profit to $205 million, while underlying profit rising
00:37by a similar percentage to $206 million.
00:41The company reported a 12% fall in services revenue, while sales revenue was up by 5%.
00:48Wealth manager AMP slumped nearly 15% after posting a 43% drop in profit to $150 million
00:59However, strong market conditions helped lift the underlying profit by 15% to $236 million.
01:07Property developer Mervax operating profit fell by 6.3% to $236 million in the six months
01:15to December, but shares are up by 5.5%.
01:20Turning across the region now, where the NZ50 closed up around 0.6%, Nikkei is trading in
01:25the red, while markets across China are trading higher.
01:30In the US, all three major indices ended higher after data showed US producer prices increased
01:35in January, reinforcing the Federal Reserve's message that it's in no rush to resume cutting rates.
01:42The Dow Jones index up by 0.8%, the S&P 500 up by 1% and the Nasdaq Composite gained 1.5%.
01:51On to commodity markets now.
01:52Gold is on the way down.
01:55Oil rises on hopes for talks between Russia and Ukraine.
01:59And the Australian dollar is a little waker against the greenback.
02:02It's buying around 63.1 US cents.
02:06And that's finance.