Latest
Wall St sees record-deal spree as reason for optimism
Goldman Sachs has already had the most profitable year in its history — earning $17.7 billion so far — with three months to go.
- 34 mins ago
- Lananh Nguyen
Stocks end higher, giving S&P 500 its best week since July
Wall Street added to its recent gains Friday as stocks closed higher, driving the S&P 500 to its best week since July.
- 39 mins ago
- STAN CHOE and ALEX VEIGA
Bitcoin makes run toward record high amid ETF exuberance
Bitcoin-to-the-moon traders are back with a vengeance as the cryptocurrency approaches its all-time high and demand jumps for bullish contracts across crypto exchanges.
- 48 mins ago
- Justina Lee
Asia is open to fund coal, but at a cost
The best chance for Australian coal companies seeking vast amounts of debt is to turn to Asia or the US, but it will come at a dearer cost as the pool of capital allocated to fossil fuel is starting to shrink even in those markets.
- Cecile Lefort and Elouise Fowler
Fundies realise riches from energy crisis they saw coming
Australia’s leading fund managers have made the most of the energy crisis, reaping the rewards of soaring gas, coal and oil prices.
- William McInnes
Materials sector drives ASX to three-week high
Australian shares closed at a three-week high on Friday, with performances from the materials and tech sectors buoying the market.
- William McInnes
Opinion & Analysis
Analysts grapple with figuring out what ESG is really worth
Equity valuation models need to be rethought if ESG factors are to be taken seriously. The CFA Society is sharpening its tools for the ultimate sunset moment.
Markets reporter and commentator
Miners reveal the brutal reality of ESG
The market reaction to South32’s copper deal and the stunning prices enjoyed by Whitehaven Coal show the effect of environmental, social and governance investing.
Columnist
Why Citi doesn’t like Australian shares
China’s slowdown is weighing on Australia’s earnings outlook, with Citi tipping the ASX to deliver only tepid growth in 2022.
Columnist
Secretive family hedge funds in fight for money and talent
Eight-figure sign-on bonuses are on offer to the right traders as hedge funds such as Schonfeld scour the market for talent to take them to the next level.
Senior reporter
Companies in the News
Commonwealth Bank
Westpac Banking Corporation
AGL Energy
Updated: Oct 15, 2021 – 4.45pm. Data is 20 mins delayed.
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View stories and data from an ASX listed company
Meet the Fundie
Meet the debt specialist who started at 15
Cbus’ head of debt Linda Cunningham survived the collapse of Pyramid Building Society and the GFC to fund Melbourne icons Crown Casino and Docklands Stadium.
- Cecile Lefort
How NZ’s sovereign fund was built to freak in, not freak out
New Zealand’s sovereign wealth fund was almost all in on stocks when the pandemic hit the markets – but the team, and the nation, didn’t bat an eyelid.
- Jonathan Shapiro
The race to net zero is recasting the ASX
Martin Currie’s Reece Birtles reveals how the energy transition will fuel stock prices, but it’s not where you might expect.
- Updated
- Richard Henderson
Yesterday
Platinum pain intensifies as top shareholder slashes stake
The fund manager’s share price has tumbled by a fifth this year as outflows and patchy performance weigh on its outlook.
- Richard Henderson
Analysts grapple with figuring out what ESG is really worth
Equity valuation models need to be rethought if ESG factors are to be taken seriously. The CFA Society is sharpening its tools for the ultimate sunset moment.
- Tom Richardson
Rio Tinto cuts iron ore guidance; Qantas, travel stocks lift
IAG sued by ASIC. Rio flags “difficult” quarter. Qantas in $802m land sale. Hub24, Netwealth climb again. Morgan Stanley hikes Macquarie valuation 37pc.
- Tom Richardson, Vesna Poljak, Alex Gluyas, Cecile Lefort, William McInnes and Richard Henderson
ASX to rise as Wall St rallies on better-than-expected earnings
Australian shares are poised to open higher as three major US banks beat estimates with third-quarter earnings. S&P 500 records biggest gain in seven months.
- Timothy Moore
- Opinion
- Chanticleer
Miners reveal the brutal reality of ESG
The market reaction to South32’s copper deal and the stunning prices enjoyed by Whitehaven Coal show the effect of environmental, social and governance investing.
- James Thomson
This Month
Australian investors offered new crypto, blockchain ETF
The ETF Securities Fintech and Blockchain fund offers investors exposure to the likes of Coinbase and Mike Novogratz’s Galaxy Digital crypto group.
- Tom Richardson
Bitcoin could top $US500,000, says ARK’s Cathie Wood
ARK’s boss told CFA Society members bitcoin could top $US500,000 as professional investors buy it as the ‘Holy Grail’ of low correlation assets.
- Tom Richardson
ASX jumps 0.5pc as tech stocks rally
The Australian sharemarket posted its first daily gain this week, adding 39.2 points to 7311.7. The technology sector surged 4.1 per cent.
- Alex Gluyas
RBNZ confident inflation path supports higher interest rates
Signs of wage growth and sustainable inflation amid severe staff shortages support the case for normalising monetary policy, says Geoff Bascand.
- Cecile Lefort
ASX closes higher; Netwealth, Hub24 soar; Redbubble craters
Australian shares post first gain for the week; Redbubble falls after profits slip; Orica’s net zero 2050 plan.
- Updated
- Richard Henderson, Vesna Poljak, Cecile Lefort, Tom Richardson, Alex Gluyas and William McInnes
Why Tyro is the reopening trade’s secret weapon
Fidelity’s Paul Taylor on iron ore at $US50 to $US80, CBA’s technology edge, his reopening winners, and the best stock in the most undervalued sector.
- Updated
- Alex Gluyas
- Opinion
- Chanticleer
Why Citi doesn’t like Australian shares
China’s slowdown is weighing on Australia’s earnings outlook, with Citi tipping the ASX to deliver only tepid growth in 2022.
- Updated
- James Thomson
- Opinion
- Hedge funds
Secretive family hedge funds in fight for money and talent
Eight-figure sign-on bonuses are on offer to the right traders as hedge funds such as Schonfeld scour the market for talent to take them to the next level.
- Jonathan Shapiro
- Opinion
- Chook Roast
KKR’s other big change ends governance flaw
The firm’s new CEOs will oversee the unwinding of its dual-class stock structure, amid a push to end the model that will arrive when Square swallows Afterpay.
- James Thomson
ASX to rise, techs boost Nasdaq, JPMorgan drags on Dow
Australian shares are poised to rise with the Nasdaq and S&P 500 looking through higher US consumer prices.
- Timothy Moore
Why Howard Marks is indifferent to growth or value investments
The investor told CFA Society of Australia members value and growth are more job descriptions and asset allocation buckets than schools of thought.
- Tom Richardson
Third fall in a row for ASX as miners weigh
Australian shares fell for a third straight session on Wednesday, with the major miners weighing on gains from the consumer discretionary sector.
- William McInnes
ASX falls 0.1pc; iron ore miners tumble
The Australian sharemarket shed 8.2 points to 7272.5; A2 Milk jumps 13.4pc, Fortescue drops 5.3pc; JPM upgrades GUD. Follow the latest here.
- Updated
- Alex Gluyas, William McInnes, Vesna Poljak, Cecile Lefort, Richard Henderson and Tom Richardson
Larry Summers warns the US economy is overheating
Former US treasury secretary Larry Summers warned the US economy is overheating and he took a shot at the Federal Reserve’s persistent passivity while inflation is in danger of running out of control.
- Cecile Lefort
