Markets
Wall St edges to fresh record
9:01AMCorrie DriebuschThe Dow posted its biggest weekly gain in nearly five years, but trade was calm as investors assessed the political outlook.
Vote rocks emerging markets
4:57AMRachel RosenthalInvestors dumped stocks, currencies and bonds in emerging Europe, Africa and Latin America after the US election.
Stock pickers warn of correction
12:00AMMICHAEL BENNET, ANDREW WHITEInvestors should be alert for a correction in toppy sharemarkets, according to leading fund managers.
Hedge funds nominate targets
12:00AMSARAH-JANE TASKERLeading managers say it’s not hard to find red flags in a list of companies that are ripe for a share-price hit.
Oaktree keeps $30bn dry
12:00AMANDREW WHITEOaktree Capital is sitting on record levels of ‘dry powder’ as founder Howard Marks expands the firm’s reach to Australia.
Turkish Aldi Zell’s top pick
12:00AMGLENDA KORPORAALChicago small-cap specialist Leah Zell has recommended BIM, Turkey’s answer to Aldi, as a stock pick.
What’s going on for markets?
10:42PMDavid Rogers, Chris KohlerTrump has frenzied global markets. But what’s noise, and what’s fundamental change? Join the online Q&A.
Apple firms as fund favourite
ANDREW WHITEMagellan’s chief executive says Apple has earned its place as a firm favourite despite a share drop in recent days.
Materials rally buoys stocks
Daniel PalmerFortescue has surged to a five-year record, as the local market closed the week more than 3pc higher.
Stocks lift on Trump plans
Banks and miners are driving the ASX higher, amid optimism around the US infrastructure spending agenda.
ASX 200 TOP GAINERS & LOSERS
Company Name | Price | Change | %Change | |
---|---|---|---|---|
Galaxy Resources Limited | 0.36 | +0.04 | UP | +12.5% |
Santos Limited | 3.81 | +0.23 | UP | +6.4246% |
South32 Limited | 2.82 | +0.14 | UP | +5.2239% |
CYBG Plc | 4.85 | +0.21 | UP | +4.5259% |
Fortescue Metals Group Ltd | 6.28 | +0.27 | UP | +4.4925% |
NEXTDC Limited | 3.39 | -0.17 | Down | -4.7753% |
ALS Limited | 6.19 | -0.31 | Down | -4.7692% |
Aconex Limited | 5.69 | -0.27 | Down | -4.5302% |
APA Group | 7.39 | -0.34 | Down | -4.3985% |
iSentia Group Limited | 3.36 | -0.14 | Down | -4.0% |
12:00AM AEDT
Trump team flags finance reform
Ryan TracyDonald Trump’s transition team says he’ll “dismantle” the Dodd-Frank law, Barack Obama’s response to the GFC.
Share bull run near end: Marks
Andrew White and Glenda KorporaalA top US hedge fund boss says Trump’s win could help drive business, but the bull run in shares is coming to an end.
A peek into Waislitz’s empire
Damon KitneyPapers linked to the upcoming Thorney tech float provide a snapshot the Melbourne billionaire’s portfolio.
Wall St closes at record high
Riva GoldThe Dow passed its August peak as investors hoped for fiscal stimulus and lower taxes under President Trump.
Dollar slumps amid US optimism
The Aussie dollar has slipped against the greenback as markets assess the likely direction of a Trump presidency.
Iron ore shoots to two-year high
Elizabeth RedmanThe steelmaking commodity’s stellar run has continued, with prices surging to almost $US75 a tonne overnight.
Business, delivered twice daily
The latest business news and analysis emailed to you from The Australian
MORE STORIES
Obama gives up on TPP
Barack Obama’s administration has suspended efforts to win congressional approval for the free-trade deal.
Sales fall at JC Penney
Suzanne KapnerA day after Macy’s reported declining sales, JC Penney unveiled a soft result and cut its sales forecast for the year.
Trump win opens room for China
Mark MagnierThe prospect of a more protectionist America gives China a chance to widen its global economic clout.
Wall St edges to fresh record
Corrie DriebuschThe Dow posted its biggest weekly gain in nearly five years, but trade was calm as investors assessed the political outlook.
Speed bumps for infra plan
David HarrisonTrump’s proposal to devote $US1 trillion of private financing to new infrastructure is likely to fall short, experts say.
Caution rules on Dodd-Frank
Andrew AckermanTrump has vowed to dismantle the post-crisis financial overhaul, but his team is tempering expectations.
Vote rocks emerging markets
Rachel RosenthalInvestors dumped stocks, currencies and bonds in emerging Europe, Africa and Latin America after the US election.
Indigenous jobs win
Verity EdwardsAn indigenous construction company has won a $10 million contract with the Department for Defence.
Emerald City: Pacific penthouse
Lisa AllenAllen Linz and Eduard Litver are expecting about $11m for the final penthouse in their Bondi Pacific apartment complex.
A fish bowl with a view
BEN WILMOT, LISA ALLENThe Magids are ringed by politicians and business figures.