Latest
Banks push ASX 2pc higher in historic results week
The ASX ended a second consecutive week of gains, up 2 per cent, as a rally in the banks added to falling case numbers in Victoria.
- Luke Housego
- Updated
- Sharemarket
Mesoblast scores US regulatory breakthrough
Mesoblast has scored a win in marketing its stem cell therapy drug in the US after a verdict was delivered about 7am AEST.
- Tom Richardson and Carrie LaFrenz
- Live
- Markets Live
ASX up 2pc for week; Afterpay hits record
Australian shares gained 2 per cent over the week, posting its biggest weekly gain since the first week of July. The S&P/ASX200 rose 0.6 per cent on Friday. Afterpay surged 6.3 per cent to a record close of $75.80. Mesoblast soared 39 per cent.
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes, Luke Housego and Tom Richardson
ASX to slip, US stocks mixed
Australian shares are set to open lower. Wall St poised to end mixed. RBA governor's testimony ahead.
- Timothy Moore
Tesla stock-split rally barely dents short sellers' faith
Investors who believe Tesla's near four-fold share price increase this year is on thin ice are having their faith retested.
- Timothy Moore
Last drinks for dividends before cycle bites
A better than expected dividend splurge through the August earnings season could prove short-lived, with many companies flagging a difficult or uncertain financial year ahead.
- William McInnes
Opinion & Analysis
What we learnt: Profit season’s early buzzword
It hasn’t taken long for the buzzword of the August 2020 profit season to become clear. All companies want to claim it, but not every ASX company has as much of it as claimed.
Columnist
Fractional shares expose Wall Street greed
History shows that the vast majority of new traders will lose money, as it is fuelling speculation and discouraging companies from splitting their stock.
Contributor
What we learnt: TWE's US hangover, Breville's debt, Telstra's pay
Tim Ford made a bright start as Treasury CEO, but the big fixes lie ahead. Breville and AGL eye bad debts, while Telstra shuts eyes with its pay report.
Columnist
What's behind the dollar doldrums
The dollar weakness is neither a boost to markets and the US economy nor a sign of its global demise.
Contributor
Meet the Fundie
Why Macquarie's quant guru says human traders are here to stay
The market panic of March confirmed that the future of investing involves both man and machine, says Macquarie's markets engineer Scot Thompson.
- Jonathan Shapiro
Deficit financing task helped by RBA's hard 'no' to negative rates
Australia's desirably sloped yield curve is making life easier for the fiscal relief effort, says Kapstream's Daniel Siluk.
- Vesna Poljak
Feeling uncomfortable can help to unlock value
Collins St Value Fund principal Michael Goldberg sometimes takes a risk on stocks few have even heard of.
- William McInnes
More From Today
- Opinion
- Chanticleer
What we learnt: Profit season’s early buzzword
It hasn’t taken long for the buzzword of the August 2020 profit season to become clear. All companies want to claim it, but not every ASX company has as much of it as claimed.
- James Thomson
- Opinion
- Sharemarket
Fractional shares expose Wall Street greed
History shows that the vast majority of new traders will lose money, as it is fuelling speculation and discouraging companies from splitting their stock.
- Jared Dillian
- Opinion
- Earnings season
What we learnt: TWE's US hangover, Breville's debt, Telstra's pay
Tim Ford made a bright start as Treasury CEO, but the big fixes lie ahead. Breville and AGL eye bad debts, while Telstra shuts eyes with its pay report.
- James Thomson
- Opinion
- Currency wars
What's behind the dollar doldrums
The dollar weakness is neither a boost to markets and the US economy nor a sign of its global demise.
- Mohamed El-Erian
Yesterday
Earnings, jobless rate push ASX lower
The Australian sharemarket ended Thursday's trading session firmly lower, with weaker earnings and poor economic data weighing on local shares.
- William McInnes
- Analysis
- Sharemarket
Magellan cranks its ETF offerings
The structural shift of retail investors preferring to invest in collective investment schemes via an exchange, rather than mutual fund wrapper is accelerating.
- Tom Richardson
Virus exposes vulnerability of SMEs
Quarterly results in the US underline a divide between the small companies that have been squeezed by the COVID-induced recession and the bigger companies with the strength to ride out whatever is thrown at them.
- Mamta Badkar and Eric Platt
- Opinion
- Cryptocurrencies
The next virus disruption will be shift to digital currencies
The pandemic has sped up the end of paper money. So central banks can't afford to play catch-up to manage the security risks of digital currencies.
- Kenneth Rogoff
- Opinion
- Investing
Watch out monopolies, the redistribution revolution is coming
The money printing memes blame the Fed for high stock prices. But that is only half the story.
- Jonathan Shapiro
- Opinion
- Bonds
The problem with high-risk, low-yield junk bonds
Unprecedented fiscal and monetary policy has propped up the American consumer and corporate sector. But the interventions have distorted capital markets.
- Updated
- The Lex Column
ASX sinks 0.7pc; Telstra falls 8pc; AGL's worst day since 2007
The ASX ends down 0.7 per cent as Telstra has biggest decline since March after cutting return target. AMP shares rallied 10.9 per cent on $544 million capital returns. AGL suffers biggest fall since October 2007 after dividends were cut.
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes, Luke Housego and Tom Richardson
Saudi Aramco plans to slash capex in 2021
The state oil company is set to spend about half what it had planned next year, and to keep it at that level through at least 2023.
- Matthew Martin and Javier Blas
S&P 500 nears record high, ASX to rise
Australian shares are poised for a fast start as US tech stocks advanced smartly. July's Labour force data ahead. Earnings ahead: AMP, Telstra, Woodside Pete.
- Timothy Moore
This Month
- Analysis
- Commodities
Gold's reality check was always on the cards
Gold tumbled as much as 10 per cent from its record highs as its high momentum run was sapped by rising yields, vaccine optimism and history.
- Robert Guy
Gold miners, CBA weigh on struggling ASX
Australian shares ended the day with a small loss, after gold miners were hammered by a steep drop in prices and Commonwealth Bank sagged following results.
- Sarah Turner
Gold loses its shine as bond yields soar
Gold has fallen more than 10 per cent since hitting a record high on Friday, with investors fleeing safe havens, suddenly upbeat on the near-term economic outlook.
- William McInnes
- Opinion
- Chanticleer
What we learnt: Beware COVID-19 cost-cutting boasts
Seek, Transurban and Computershare are determined not to weaken their business for the post-COVID-19 recovery.
- James Thomson
- Analysis
- IPO
The Spac race: Wall St banks jostle to get in on hot new trend
Special purpose acquisition companies, or Spacs, have grown from a niche part of equity markets to become a popular alternative route to public markets.
- Richard Henderson, Eric Platt and Ortenca Aliaj
- Opinion
- Investing
Is the herd being led into growth purgatory?
Market cap concentration is at a 30-year high, and only 20 per cent of stocks are outperforming. These extremes have signalled a turning point in the past.
- Jacob Mitchell
