ASX rallies 1pc; Australia’s top fund managers revealed; Elon Musk faces $500 billion crisis

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ASX rallies 1pc; Australia’s top fund managers revealed; Elon Musk faces $500 billion crisis
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Read everything that’s happened in the news so far today.

In today’s news, Australia’s sharemarket has bounced back, fund managers’ data for the first three months of the year indicates a big change, and Elon Musk faces a $500 billion “moment of truth”.A relief rally is sweeping the Australian sharemarket today, after tensions between Israel and Iran appeared to ease over the weekend.

Ukraine’s president said his soldiers were outgunned on the battlefield after months of infighting in Washington, before a $95 billion aid package was approved.BlackRock has tripled its security spend for its chief executive after a backlash over the company’s ESG investing stance – and it’s just one of many companies to do so.The market is losing faith in Tesla’s growth.

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