Latest
ASX notches small weekly gain as banks offset miners
Australian shares ended the first week of March with a small gain, as a strong performance from the banks offset losses for tech stocks and miners.
- Sarah Turner
ASX falls; Afterpay, Zip lead tech losses
The Australian sharemarket has ended the session lower; Fed chair Powell offers no answers to bond sell-off; OPEC+ will extend its production cuts through April; WA has launched a royal commission into Crown Resorts. Follow the latest here.
- Updated
- Vesna Poljak, Tom Richardson, Sarah Turner, Richard Henderson and William McInnes
Australian stocks lead the world in returns
The Australian stock market has outperformed all others in US dollar terms since 1900, according to new research from Credit Suisse.
- Richard Henderson
Yields surge as Fed stokes bond rage
Bond yields shot higher after Federal Reserve chairman Jerome Powell implied that the central bank may have reached the limits of monetary policy expansion.
- Sarah Turner
ASX futures point to lower open, Wall St extends slide
It was a volatile day of trading in New York with the Dow moving in a 900-point range and the US 10-year yield rising back through 1.5 per cent.
- Timothy Moore
Powell says ‘disorderly’ market conditions would concern him
The Federal Reserve chairman’s comments failed, at least initially, to assuage investors as US government bonds extended their losses.
- Rich Miller
Opinion & Analysis
Local fundies dodge Greensill insolvency
Greensill Capital’s move to the brink of insolvency coincides with investors in global markets rethinking the merits of high-growth stocks with fantastic valuation multiples.
Columnist
Coinbase is a $US100b crypto cult
We know what happens when you threaten people’s religion - people die over this stuff.
Contributor
The end of the party looms for markets high on stimulus
If inflation resurfaces and bond yields rise more sharply than expected, the impact could easily end the rally of 2020.
Contributor
‘Frenzy of activity’: Why the RBA needs house price to rise
HSBC chief economist and 12-year RBA veteran Paul Bloxham says the central bank will view the upswing in economic activity as evidence monetary policy is working.
Columnist
Meet the Fundie
Why the ASX is a rich target for short-selling
Hedge fund manager Adam Leitzes says the ASX is rich pickings for short sellers, reporting standards are “very loose” and companies push a “very rosy outlook” to investors.
- Tom Richardson
Outlook for equities is the best Chris Stott has ever seen
After a gap year travelling, former Wilson Asset Management CIO Chris Stott has launched 1851 Capital and says he has never been more bullish on equities.
- Tom Richardson
How to make the big calls: the Alceon way of investing in equities
Daniel Chersky and partner Adam Ritter positioned themselves in early 2020 for a big fall in equities, at a time when global markets looked as though they were just going to keep rising.
- Jemima Whyte
Yesterday
Tesla share reversal to prove temporary, Wedbush
Global demand, in particular within China, will help Tesla reach a trillion-dollar market value this year, Wedbush analysts argue.
- Timothy Moore
Oil surges after OPEC+ broadly extends oil cuts into April
Saudi Arabia’s decision to extend production cuts of 1 million barrels a day for another month fuelled a more than 5 per cent surge in oil prices.
- Rania El Gamal and Olesya Astakhova
- Opinion
- Chanticleer
Local fundies dodge Greensill insolvency
Greensill Capital’s move to the brink of insolvency coincides with investors in global markets rethinking the merits of high-growth stocks with fantastic valuation multiples.
- Tony Boyd
This Month
Tech stocks slump as profitability awaits
Expectations the strengthening Australian economy will benefit value stocks and put pressure on growth names extended losses for tech shares.
- Richard Henderson
Australia’s strong growth sets up global markets test
The key to how the bond market behaves at a time of rising inflation will lie in the effectiveness of central bank communication, analysts say.
- Sarah Turner
ASX falls 0.8pc, victim of rising bond yields
The Australian sharemarket extended its volatile start to the month, falling heavily on Thursday as global bond yields pushed higher, weighing on equity markets.
- William McInnes
Investors hunt for value pockets in expensive market
Investors are eyeing off the stocks still feeling the headache of the COVID-19 hangover, tipping the economic recovery under way across large parts of the globe will bring them back.
- William McInnes
Insurance time bomb didn’t halt Greensill’s IPO spruiking
Greensill Capital’s troubles were months in the making. But while regulators and insurers tightened the noose, it continued to talk up its float.
- Myriam Robin
Healthcare leads shares 0.8pc lower; banks lift
The ASX closed 0.8pc lower, with tech and healthcare falling. Xero plans to buy Planday for $284.5 million, Synlait dives 9pc on a profit warning and Cleanaway pursues Suez Australia in $2b deal. Gold lower, banks lift. US futures point lower.
- Vesna Poljak, Sarah Turner, Tom Richardson, William McInnes and Richard Henderson
ASX to slip, tech slide hits S&P 500, Nasdaq
Australian shares appear poised for a modest opening loss. US stocks were mostly lower amid renewed selling of the mega techs. Bitcoin tops $US51,000.
- Timothy Moore
Retailers prosper as economic recovery strengthens
A rise in consumer spending has added a tailwind to shares in Australia’s biggest retailers.
- Richard Henderson
ASX rises 0.8pc as GDP beats expectations
The Australian sharemarket rebounded from a day-earlier loss on Wednesday, supported by a stronger-than-expected fourth-quarter increase in economic activity.
- William McInnes
Barnstorming GDP bolsters $A as bonds sink
Currency and bond markets greeted a barnstorming fourth-quarter GDP result by pushing up the Australian dollar and selling long-dated government bonds, after the data added to a picture of a swiftly improving economy.
- Sarah Turner
ASX climbs on GDP beat; resources higher
GDP grows more than 3 per cent in consecutive quarters for the first time on record, driven by household spending. Mike Sneesby is the new Nine Entertainment boss; Rio chairman Simon Thompson will exit the board in 2022. Follow the latest here.
- Updated
- Tom Richardson, Vesna Poljak, Richard Henderson, William McInnes and Sarah Turner
Why everything is coming up value
The sharp rise in bond yields driven by expectations of an economic recovery could spark the beginning of a sustained value rally, as asset allocators increase their exposure to value-oriented markets and sectors in a bid to hedge against inflation.
- William McInnes
- Opinion
- Cryptocurrencies
Coinbase is a $US100b crypto cult
We know what happens when you threaten people’s religion - people die over this stuff.
- Jared Dillian
ASX to edge higher, Wall St consolidates
Australian shares are set to rise at the open, though gains could be checked as US stocks reset lower after the previous session’s surge. $A higher.
- Updated
- Timothy Moore
Goldman’s Eric Lane leaves for Tiger Global
Eric Lane, the co-head of Goldman Sachs’ asset management business, is quitting the firm to join Chase Coleman’s Tiger Global Management.
- Sridhar Natarajan and Hema Parmar
Currency and bonds play it cool as RBA holds fire
The currency and bond markets took the Reserve Bank of Australia’s decision to keep monetary policy settings unchanged at its March meeting in their stride.
- Sarah Turner
