Live: Market awaits European rates decision, Nasdaq hits record close

A new report, jointly produced by the Australian Human Rights Commission and the Australian Human Resources Institute, found almost one quarter of HR professionals now classify workers aged 51 to 55 as “older”.

Just two years ago, only 10 per cent of recruiters took that view, suggesting a growing number employers are sidelining experienced professionals in an economy suffering skills shortages.

My colleague Bronwyn Herbert has been looking at the issue, it’s worth a read.

I spent a lot of years in talkback radio and few issues would light up the phones and text lines like discussing age discrimination in hiring and the difficulty of finding employment over 50.

Want to know how much better you’re doing than the petrol-using citizens of Brisbane?

I’m not saying drive to Darwin to fill up, but you might want to get across the different price cycles in capital cities (there’s a link below) or consider pushing up that EV purchase…

The NT wins/loses as the most expensive region to fill up in.

Table of prices of petrol in different regions of Australia. (Australian Institute of Petroleum)

The national average price of a litre of unleaded petrol lifted 1.6 cents to 185.6 cents in the week to Sunday.

Weekly data from the Australian Institute of Petroleum details the lift, which puts the average above the 12-month average figure of 180.9 cents.

I’m telling you, Peter would definitely have this in his daily wrap of business news …

Over halfway through the year and already a “lock” in the end-of-year wrap for business, internet and live entertainment is this yarn, followed through to its predictable end.

Here’s the latest from my colleague Jessica Riga:

Tech CEO Andy Byron has resigned after being caught in an embrace with his company’s chief people officer at a Coldplay concert.

In a statement, a representative of tech company Astronomer said:

“Andy Byron has tendered his resignation, and the Board of Directors has accepted. 

“Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met.”

Astronomer says it will begin searching for its next chief executive as the company’s co-founder and chief product officer, Pete DeJoy, serves as interim CEO.

Mr Byron became embroiled in an internet scandal when a video of him embracing his chief people officer, Kristen Cabot, at a Massachusetts Coldplay concert went viral.

Here’s how his career trajectory changed, during ‘Fix You’.

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And here’s more.

Peter Ryan had a diverse, exemplary career as a journalist, was a staunch and supportive colleague and a loving father and husband.

Peter retired from the ABC in June after 45 years in the industry, as he moved into palliative care.

His death is a very sad day for the ABC business team.

Peter was always there for Australian audiences, starting early in the morning and often among the first voices they would hear bringing them the news of the day.

He was a supporter of staff internally, both as a mentor and as a senior member of the union that represents journalists, the MEAA.

Peter was, as the Yiddish word goes, a Mensch — a person of integrity and honour.

In an all-staff email before his departure from work, he ended it with “a few words of editorial advice”.

As ever, the last line is the kicker.

“Avoid cynicism — be passionate.”

“A good team can often be a very small team — I’ve worked in some of the best.

“Be proactive — come to the table with a great story so no-one else comes up with a dud that might waste your time.

“Work closely with top people — shut up and absorb like a sponge.

“Maintain a fastidious contact book — some low-profile contacts could soon move into higher-powered roles or, more importantly, work in backrooms where the big decisions are often made.

“Show up to work early and prove that you’re ready to take on the big story of the day. Try to have a Plan B in your back pocket just in case your original brilliant idea doesn’t go anywhere and the EP comes walking your way.

“Finally: Be kind and caring to people who need it.”

Our thoughts are with his friends and family.

Vale Peter Ryan.

ASX 200 futures: -0.6% to 8,688 points

Australian dollar: +0.1 at 65.07 US cents

Dow Jones: -0.3% to 44,342 points (Friday)

S&P 500: -0.01% at 6,296 points (Friday)

Nasdaq: +0.05% to 20,895 points (Friday)

FTSE: +0.2% to 8,992 points (Friday)

EuroStoxx 50: -0.3% to 5,359 points (Friday)

Spot gold: +0.3% to $US3,349/ounce

Brent crude: flat at $US69.28/barrel

Iron ore: -0.1% to $US97.22/tonne

Bitcoin: -0.1% to $US1197,874

Prices current around 7:15am AEDT.

Live updates on the major ASX indices:

Hello, I’m Daniel Ziffer from the ABC business team and I’ll be taking you through the morning on our business, finance and economics blog.

On Friday, Wall Street indices were mixed.

The blue-chip Dow Jones of 30 mega-companies like Boeing and Visa was -0.3% to 44,342 points.

The broader S&P 500 that covers 500 of the largest listed companies in the US -0.01% – let’s call that flat – at 6,296 points.

The tech-heavy Nasdaq notched a record high closing – +0.05% to 20,895 points.

Our market is set to fall, with the ASX 200 futures index tipping a decline of -0.6% or 49 points to 8,688 points.

The All Ordinaries hit a new record close on Friday, breaking through 9,000 points.

There’s lots to get to, all of it news, analysis and information and none of it financial advice.

Let’s get started!

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