Yesterday
Traders braced for possible surprise NZ interest rate rise
There is a one-in-three chance the RBNZ could lift the cash rate on Wednesday to 5.75 per cent and the world is watching.
- Cecile Lefort
This Month
Nvidia reaches $US2 trillion mark, S&P 500 tops 5100
US shares ended mixed after a choppy session which saw early gains fade. Goldman, Capital Economics now see June, not May, as start for rate cuts.
- Updated
- Timothy Moore
Nvidia surges 16.4pc, sparking global AI-inspired rally
Australian shares are set to open higher. Nvidia added $US277b to its market value and helped pace the S&P 500 to yet another record high.
- Updated
- Timothy Moore
Traders rethink rate path as Fed fears easing too early
The market is implying a total of three US rate cuts this year, down from four last week. The Reserve Bank is expected to start lowering rates in June.
- Cecile Lefort
ASX to fall, Wall Street braces for Nvidia’s quarterly results
The S&P 500 turns late to edge up. Nvidia reports results after New York’s closing bell. TD sees Fed pivot to rate cuts in May.
- Updated
- Timothy Moore
UBS bets Aussie dollar among best trades of 2024
The $5.8 trillion wealth manager expects the Australian dollar will jump 10 per cent this year, and is also betting on a rally in Chinese and Indian stocks.
- Alex Gluyas
ASX to fall, Nvidia drops as profit taking hammers Nasdaq
Australian shares are poised to open lower, following losses in New York. BHP, Rio shares drop in line with spot iron ore as China demand lags.
- Updated
- Timothy Moore
ASX to open flat with BHP poised to report
Australian shares are set for a muted open with US markets closed for Presidents’ Day. Iron ore fell. Earnings, RBA minutes pending.
- Updated
- Timothy Moore
Wall St closes lower at end of ‘wild week’
The Nasdaq paced losses heading into a three-day break, after producer prices rose much faster than expected last month, further dashing rate cut hopes.
- Updated
- Timothy Moore
ASX to rise, data bolster case for June quarter rate cut
Australian shares are set to open higher, as commodities rebounded. Japan, UK and US data signal weakness. Dow paces Wall Street advance.
- Updated
- Timothy Moore
Weak jobs data reignites hopes of early rate cut
The Australian dollar and bond yields slipped after the unemployment rate ticked higher, but experts caution against pinning too much hope on an early rate cut.
- Cecile Lefort
ASX to rise, Wall St rebounds as volatility eases
The S&P 500 finished back above the 5000-point mark. Nvidia overtook Alphabet. Lyft surged, Uber rallied. Bitcoin briefly topped $US52,000.
- Updated
- Timothy Moore
RBA might not cut until 2025, says CBA’s Comyn
Financial markets pushed back their own bets of the likely timing of easing to December, from September.
- Lucas Baird, Cecile Lefort, Joshua Peach and James Eyers
Wall St drops as rate cut seen deferred
Australian shares are set to drop 1.2pc. The dollar slid 1.2pc. Dow sheds 525 points. S&P 500 below 4955. US CPI data clouds rate outlook.
- Updated
- Timothy Moore
ASX to rise, S&P 500 rally hits a wall
Australian shares to open higher. Early gains in New York fade as the session progresses. US CPI awaited. Bitcoin tops $US50,000.
- Updated
- Timothy Moore
Bitcoin hits $US50,000 for first time in more than two years
The cryptocurrency is benefitting from an inflow into newly approved spot bitcoin ETFs as well as the S&P 500’s record rally in 2024.
- Hannah Lang and Elizabeth Howcroft
$A slumps to eight-month low against Kiwi on rate rise bets
Traders ramped up speculation that New Zealand’s central bank will resume its tightening cycle as ANZ tipped the cash rate to hit 6pc.
- Alex Gluyas
Bond traders cave to the Fed by dialling back rate cut bets
Markets are starting to take the US central bank at its word, and are now pricing in four rate cuts in 2024 versus as many as seven predicted late last year.
- Michael Mackenzie, Liz Capo McCormick and Ye Xie
S&P 500 closes above 5000 for the first time
The US benchmark reset both its record high and record closing high, helped in part by yet another advance in the Magnificent Seven tech stocks.
- Updated
- Timothy Moore
ASX to slip, S&P 500 briefly tops 5000
Australian shares are set to edge lower after Wall Street’s rally, at least temporarily, lost upward momentum. Arm surges, Paypal drops. Bitcoin tops $US45,000.
- Timothy Moore
