FEAR & GREED | Business News Taylor set to beat Ley; RBA concedes unemployment too low; Spotify hits 750m users
Feb 12, 2026
A leadership change in the federal Liberal Party and the fallout from Sussan Ley’s removal. ANZ’s cost cuts and strong quarter that sent bank shares higher. The RBA admitting unemployment fell too low and nudged inflation up. Faster home internet rollouts and satellite testing for better speeds. Spotify surging to roughly 750 million users worldwide.
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Liberal Leadership Likely To Change Course
- Angus Taylor is favoured to win the Liberal leadership after a rapid flurry of resignations and behind‑the‑scenes phone calls.
- Sean Aylmer says a clear, decisive winner is needed to restore unity and electoral competitiveness.
Earnings Drive Near‑Record ASX
- ASX nearly hit a record driven by earnings season with banks and miners leading the move.
- Markets reacted to AI fears in the afternoon, causing a late sell‑off despite earlier strength.
Cost Cuts Fuel ANZ's Quarterly Surprise
- ANZ's quarterly profit surprised investors because aggressive cost‑cutting delivered better margins and returns.
- Analysts rewarded the clarity of execution, sending ANZ shares notably higher.