What the Origin deal means for Cannon-Brookes

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How high could the ASX rally go; what the massive takeover offer for Origin means for Australia’s energy transition, and the “seismic” showdown at the AGL annual general meeting.

Here are some highlights from the conversation:”This is the model for the transition of Australia and I reckon it’s a big turning point. We can talk about the regulatory aspects, but if the federal government doesn’t embrace this with enthusiasm I’d be very surprised.

I think that’s the feeling around markets at the moment.”: “I thought it was good that RBA deputy governor Michele Bullock earlier this week in a speech said that inflation is likely nearing a peak despite the recent increase in inflation that was in their revised forecast. So if the central bank in Australia says it’s really peaked, then that tells you a lot about their stance towards raising interest rates in the next six months.

 

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ASX falls 0.5pc despite Origin, Perpetual rallyThe S&P/ASX 200 shed 35.3 points on Thursday as a fall in oil prices weighed on energy stocks. Origin surged 35 per cent and Perpetual leapt 15 per cent.
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