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Investing

Today

The Australian dollar has surged higher as more data points to a 2024 rate pivot in the US.

ASX starts flat, Synlait hit by downgrade

Shares unchanged; Wall Street rebounds; a2 Milk affirms 2024 guidance; iron ore tops $US137 a tonne; $A at 5-month highs. Follow updates here.

  • 6 mins ago
  • Timothy Moore, Cecile Lefort and Sarah Jones

Why you should be sceptical of the market rally

Investors are ignoring geopolitical risks and have swallowed the “immaculate disinflation” thesis hook, line and sinker.

  • Christopher Joye

Yesterday

David Allingham of Eley Griffiths says the prospects for small caps are good.

Fund managers ready for a big year in small caps

Signs of life are returning to the smaller end of the ASX as traders ramp up their bets on interest rate cuts. Here are eight stocks that are tipped to succeed in 2024.

  • Sarah Jones and Joanne Tran
Local shares are set to open lower after a late bout of selling in New York.

ASX retreats, Liontown slumps, Pacific Smiles powers up

Shares drop; Pacific Smiles turns down “undervalued” bid; Liontown in royalty dispute; Bubs raises $17m to expand; Transurban secures $800m 10-year debt. Follow updates here.

  • Updated
  • Timothy Moore, Sarah Jones, Joanne Tran and Cecile Lefort
Analysts’ average price target on Tesla reflects an expectation for the stock to fall about 6 per cent over the next 12 months.

Tesla is getting trounced by S&P 500 three years after joining

The EV car maker’s shares have risen about 11 per cent since entering the benchmark US index, which itself has surged 28 per cent over the same time.

  • Esha Dey
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This Month

Global shift in rate cut bets sparks Santa rally

A “dovish” pivot from the Fed last week has lit a fire under equities, which have correctly bet that global monetary settings are shifting gear.

  • Updated
  • Sarah Jones and Cecile Lefort
Markets are enjoying the December rally.

Making sense of the December market madness

Equities are on fire and Australian investors are enjoying a broad-based rally in stocks that may just be getting started.

  • Jonathan Shapiro
Th ebulls are ending the year firlmy in control.

Rally has more room to run as investors get three green lights

The market has built a head of steam in the last two months, and until there’s a clear risk to the Goldilocks soft landing scenario there is little reason for the bulls to turn.

  • James Thomson
Stock piling coal at  Whitehaven Coal’s Narrabri coal mine in NSW.

Investors tip strong payouts from sin-binned coal stocks

The coal sector is consolidating as big miners sell assets at bargain prices to juniors that can potentially grow resources and balance dividend payouts.

  • Tom Richardson
The ASX is poised to open higher.

ASX rallies; KMD, PEXA tumble; consumer stocks jump

Shares advance, tracking gains on Wall Street; oil rises; Orica buys Canadian company for $560 million; KMD Brands sales slide; $A rises. Follow updates here.

  • Updated
  • Timothy Moore, Joanne Tran, Cecile Lefort and Sarah Jones
Federal Reserve Jerome Powell’s dovish pivot on rate cuts has turned Wall Street’s biggest sceptics more positive on stocks.

Fed’s pivot forces sharemarket sceptics to become believers

Rate cut talk from the Federal Reserve last week has forced even the most steadfast Wall Street bears into changing their tune on US equities.

  • Alexandra Semenova
The ASX is poised to open higher.

ASX charges ahead, Rio closes at record high

Shares rally; AGL plans $750m battery plant, Propel Funeral expands; Apple slips on patent loss, Azure gets sweeter bid, Origin spends big in UK. Follow updates here.

  • Updated
  • Timothy Moore, Cecile Lefort, Joanne Tran and Sarah Jones
Former professional footballer Bruce and Amy Djite with Elijah, 8, and Aalia, 7.

How this former Socceroo invests for his kids

An initial gift of $2000 with an extra $100 a month can mean a 21st birthday gift of almost $40,000 in today’s money.

  • Louis White
Neuren CEO Jon Pilcher says he’s more excited about the company’s second drug.

Biotech sensation Neuren rallies to record on clinical trial results

Neuren has developed a drug that treats neurological disorders in children to improve hand movement and communication.

  • Tom Richardson

Zip raises $150m corporate loans at 15pc

The buy now, pay later company says it has refinanced its corporate loan, the latest in a long-running effort to clean up its balance sheet.

  • Jonathan Shapiro
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It’s the ‘new lithium’: Uranium tipped to extend bull run into 2024

A COP28 pledge to triple nuclear capacity and China’s plans to build 154 new reactors point to higher prices for the strategic commodity, say analysts.

  • Tom Richardson
Bulls are feeling good about the rally this year, while bears think the hard landing is still possible.

Why it might be time to strap in for a wild end to 2023 on markets

Shares have rallied hard in the past six weeks, but more big moves in the dog days of December aren’t out of the question.

  • James Thomson
Blackstone’s end-of-year video channels Taylor Swift. CEO Stephen Schwarzman dons a shimmery rainbow jacket – like the one Swift Swift wore on her Eras tour.

Why Wall Street’s alternative asset managers are singing

Wall Street’s biggest thing since private equity is celebrating a breakout year for the new money spinners. It may be justified, but history suggests trouble ahead.

  • Updated
  • Jonathan Shapiro
Wall Street led a rally in global stocks this week after the US Federal Reserve signalled it would cut rates next year.

Wall Street’s rally cools as rate cut hopes reined in

Stocks wavered after two US Federal Reserve officials suggested rate cuts would be slower and later than had been speculated.

  • Updated
  • Cristin Flanagan

Dow’s record outruns central banks, counts on aggressive rate cuts

The Fed is expected to be the first central bank to lower rates next year, ahead of the European Central Bank and Bank of England, and months before the RBA.

  • Cecile Lefort and Joanne Tran