Rate rise in a fortnight?; pressure on Ley to quit; Trump backs down on Greenland

Friday 23 January 2026

A surprise fall in the unemployment rate increases the odds of a rate hike in a fortnight’s time. 

• Opposition leader Sussan Ley is under pressure to keep her job after the National Party walks away from the federal Coalition
• Donald Trump backs down on taking Greenland by force, and on imposing extra tariffs on European countries
• The IPO outlook in Australia improves
• Scientists discover 68,000-year-old cave paintings

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