Latest
ASX to edge down as Wall Street struggles for direction
Australian shares are set to open lower as the US Fed minutes reaffirmed the central bank’s strong commitment to higher interest rates and inflation remained hot.
- 27 mins ago
This is one of the best times to invest in credit, says Apollo’s Zito
Apollo’s deputy chief investment officer John Zito says analysts are “pinching ourselves a little bit where yields are today globally.”
- 1 hr ago
- Allison McNeely and Sonali Basak
Citi backs tech stocks as a good bet in a global recession
Equity strategist Rob Buckland says the next phase of markets will be a cyclical versus defensive story, as investors fret about earnings downgrades.
- Emma Rapaport
No end in sight for US dollar strength and currency pain: Citi traders
The US dollar is expensive but will keep rising: “The idea of the Australian dollar doing anything other than going down is a non-starter,” said Cameron Small.
- Jonathan Shapiro
Bank rally helps ASX scratch out meagre gain
A better-than-expected finish to the year for Bank of Queensland put the wind in bank stock sails on Wednesday as investors await a key US inflation report.
- Tom Richardson
ASX ends flat, BoQ star performer
ASX flat; $A fresh lows; CSL reaffirms guidance; BoQ $426 million profit; Coronado confirms talks; GM stake in Qld Pacific Metals; Lake Resources signs supply deal.
- Updated
- Cecile Lefort, Emma Rapaport, Alex Gluyas, Tom Richardson, Vesna Poljak and Campbell Kwan
Opinion & Analysis
Jamie Dimon, Paul Tudor Jones and Cathie Wood all fear the same thing
Some of the biggest names on Wall Street see a recession coming and more pain for shares, as the world (and investors) pay the price for easy money.
Columnist
Why the UK bond crisis could be just the start
The IMF is warning about potential liquidity risks in the world’s $64 trillion of managed funds. Like James Bond’s vodka martini, we have been shaken, we should be stirred.
Europe correspondent
Tempted to turn bullish? Beware these two factors
Wall Street’s biggest bear says the latest US jobs numbers show the Fed has the same problem as the RBA: unemployment is too low for inflation to fall.
Columnist
Central banks arrive late to the party, sledgehammers in hand
There were some dark and fun times over my career when I joined the mob of bond vigilantes, bringing our justice to proliferate countries around the world.
Contributor
Companies in the News
Commonwealth Bank
Fortescue Metals Group
AGL Energy
ASX Limited
Origin Energy
Updated: Oct 12, 2022 – 4.45pm. Data is 20 mins delayed.
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View stories and data from an ASX listed company
Meet the Fundie
This fundie loves the market chaos (but won’t buy the resource boom)
Despite the similarities between the early 2000s and today, Ned Bell is on a buying spree, saying extreme volatility equals a “phenomenal opportunity”.
- Emma Rapaport
ANZ’s Emmett bullish on housing opportunity
The correction under way in house price values will enable more Australians to afford a home, a bright spot in a country obsessed with property.
- Cecile Lefort
Why this passive investor met with the AGL board
VanEck’s Jamie Hannah found himself at the table with Australia’s largest corporate greenhouse gas emitter.
- Emma Rapaport
Yesterday
Economy on the cusp of exiting surpluses if commodities sink
Australia’s run of trade surpluses could come to an end if the downturn in global demand forces a reset of commodity prices, UBS warned.
- Updated
- Vesna Poljak and Alex Gluyas
Brookfield’s nuclear push fuels bullish investors
Coal prices have outpaced uranium’s returns in 2022, but a $US7.9 billion bid for US nuclear engineering group Westinghouse Electric is feeding uranium bulls.
- Tom Richardson
ASX to rise as Wall Street rallies despite IMF gloom
Australian shares are set to lift after US stocks headed for their first gains in five days despite a warning of storm clouds over the global economy.
This Month
Australian dollar slammed to fresh lows on Russia, China worries
Traders pushed the Australian dollar to a fresh 2½ year low of US62.45¢ amid the escalating war in Ukraine and heightened global growth anxiety.
- Cecile Lefort
The homegrown agriculture fund betting on a bumblebee disruptor
Pollination technology could be the answer to Australia’s farm labour shortage, where Orange-based Cultiv8 funds management see a huge opportunity for returns.
- Emma Rapaport
GrainCorp’s rally defies sharemarket downturn
The S&P/ASX 200 Index declined 0.3 per cent to 6645. Graincorp rose 4.2 per cent to $8.72 and Baby Bunting plunged 20.5 per cent to $3.10.
- Vesna Poljak
Uneasy investors will pounce on weakness this AGM season
Markets are growing agitated that an inevitable economic slowdown is still not being fully reflected in earnings estimates, Morgan Stanley says.
- Updated
- Alex Gluyas
Government funding requirements to be slashed, ANZ predicts
The Australian Office of Financial Management could nearly halve the amount of government debt it plans to raise this financial year, according to ANZ.
- Cecile Lefort
- Opinion
- Chanticleer
Jamie Dimon, Paul Tudor Jones and Cathie Wood all fear the same thing
Some of the biggest names on Wall Street see a recession coming and more pain for shares, as the world (and investors) pay the price for easy money.
- James Thomson
Cathie Wood warns Fed of policy error as rate rises hit ARK ETFs
Wood has written to the Fed expressing concern that the central bank is making a policy error with its rapid rate hikes.
- Elaine Chen
Chip stocks sink to lowest since 2020 as US expands China curbs
US curbs on China’s access to American technology added to a disappointing start to the earnings season.
- Abhishek Vishnoi and Ryan Vlastelica
Shares turn lower; bonds sell-off, US 10-year tops 4pc
Europe, US equity futures fall as bond yields rise. Asian shares tumble. $A falls to US62.6c. Whitehaven cut to sell at Citi. Baby Bunting sinks. Nasdaq at 2-year low. Follow latest here.
- Tom Richardson, Alex Gluyas, Vesna Poljak, Emma Rapaport and Cecile Lefort
ASX to lift as Wall Street seeks to recover
Australian shares are expected to rise as markets look to bounce back from a volatile week in which Wall Street sold off.
The most powerful buyers in Treasuries are bailing – all at once
Analysts say that even with the securities tumbling the most since at least the early 1970s this year, more pain may be in store.
- Liz Capo McCormick, Garfield Reynolds and Michael MacKenzie
Value priced to outperform growth, says GMO
Grantham’s GMO is beating the stock market correction by betting on value stocks and shorting growth.
- Emma Rapaport
Australian dollar steamrolled by world recession fears
The currency dropped to its lowest in 2½ years on renewed growth worries as geopolitical tensions added to nervousness about the global economy.
- Updated
- Cecile Lefort
ASX drops 1.4pc, investors take profits on energy stocks
Australian shares dropped for the second consecutive session on Monday, led by losses in tech and utilities on worries about global growth.
- Cecile Lefort
ASX drops 1.4pc in broad sell-off
UBS upgrades Westpac, Macquarie, Bendigo; RBC initiates on MinRes; Johns Lyng sinks on CEO share sale. Follow updates here.
- Updated
- Alex Gluyas, Vesna Poljak, Emma Rapaport, Cecile Lefort and Tom Richardson
Dubber dives on revenue restatement
Shares in Dubber Corp plunged 27 per cent after the company restated its revenues by $10 million while its chief financial officer resigned.
- Jonathan Shapiro
Global biotech, semiconductor stocks tipped for huge growth
Oxford Nanopore Technologies and Illumina are two cutting-edge healthcare businesses says Martin Currie fund manager Zehrid Osmani, with ASML and Nvidia praised in the semiconductor space.
- Updated
- Tom Richardson
