Latest
US equities fall, mega-cap techs mostly lower
Shares were lower in New York with the focus shifting to next week’s Federal Reserve policy meeting.
- Updated
- Timothy Moore
US probing Gautam Adani and group over potential bribery
Investigators are digging into whether an Adani entity, or people linked to the company, paid officials in India for favourable treatment on an energy project.
- Tom Schoenberg and Ava Benny-Morrison
Iron ore extends slide below $US100 a tonne
China’s property sector “grief” is poised to keep downward pressure on steel demand for some time yet, analysts said.
- Updated
- Timothy Moore
Sticky inflation stops bull run in its tracks ahead of rate call
Surprisingly strong price increases in the US startled local markets, quickly wiping the rally that drove benchmark S&P/ASX 200 to a record high last week.
- Joshua Peach
China, US spook investors; shares pare losses, bitcoin sinks
Lithium, iron ore miners retreat. Banks fall, UBS stirs valuation worries. Tabcorp falls on CEO exit. Wall St lower on hot inflation, bond yields jump. Oil gains. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Cecile Lefort, Joshua Peach and Sarah Jones
ASX to drop, US bond yields surge on data
Australian shares are set to fall, in line with overseas losses. US producer prices sharply higher. Iron ore extends slide. Oil tops $US85.
- Timothy Moore
Opinion & Analysis
This fundie has a warning on passive investing. Will investors care?
Mega-cap stock have pushed sharemarket indices to stretched levels at a time when risks are building across economies and markets. This $934 billion fundie is worried about a nasty hangover.
Columnist
The two tectonic shifts in markets that will decide the next decade
Are we headed for a world of higher rates, lower growth and more volatility, or will AI unleash a deflationary wave?
Columnist
Gold’s mystery rally baffles analysts
Hopes of US rate cuts alone are unlikely to have driven the surge. Analysts also question central bank buying, Chinese households looking for havens and war.
Contributor
Grantham sees a bubble. Here’s where he’s hiding
The famous perma-bear says the artificial intelligence boom could end in tears with markets priced for perfection. Here are five areas he likes instead.
Columnist
Companies in the News
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Westpac Banking Corporation
Updated: Mar 15, 2024 – 4.37pm. Data is 20 mins delayed.
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Meet the Fundie
Pendal small caps sleuths reveal their next winners
After three years of keeping a low profile, investing duo Lewis Edgley and Patrick Teodorowski say they’ve been busy “kicking tires” and generating alpha.
- Sarah Jones
The old-school fund making big money from ‘cigar-butt’ trades
Despite self-proclaiming to be among the “world’s worst sellers”, this Collins St fund is banking major returns in unlikely areas of the market.
- Joshua Peach
This fundie says Domino’s Pizza is a better bet than the big four
Vertium Asset Management’s Jason Teh has an eye for companies in a turnaround phase – and his gaze is now firmly set on Domino’s and Fisher & Paykel Healthcare.
- Joanne Tran
Yesterday
- Opinion
- Chanticleer
This fundie has a warning on passive investing. Will investors care?
Mega-cap stock have pushed sharemarket indices to stretched levels at a time when risks are building across economies and markets. This $934 billion fundie is worried about a nasty hangover.
- James Thomson
- Opinion
- Chanticleer
The two tectonic shifts in markets that will decide the next decade
Are we headed for a world of higher rates, lower growth and more volatility, or will AI unleash a deflationary wave?
- James Thomson
The ‘better way’ to build wealth than property investing
Speculating on residential real estate is a national sport but Koda Capital financial adviser Sebastian Ferrando sticks his neck out to argue that it’s a wealth trap.
- Tom Richardson
This Month
Banks pull ASX lower; copper producers rally, Arafura soars 75pc
Australian shares dragged by the big four. Origin Energy drops Aussie Broadband for Superloop. Appen deal falls through. Rinehart-backed rare earths play rallies.
- Updated
- Timothy Moore, Joshua Peach, Alex Gluyas, Cecile Lefort, Joanne Tran and Sarah Jones
Copper spikes on huge volumes as smelters weigh cuts
Copper spiked to an 11-month high after Chinese smelters pledged to explore measures to cope with a plunge in processing fees.
- Updated
- Mark Burton
Macquarie says it’s time to sell the big four banks
The broker has taken a “more aggressive stance” on Australia’s banking sector, saying that share prices don’t match the outlook for earnings.
- Sarah Jones
The ‘junk stock’ rally is heaping pressure on hedge funds
The months-long surge in the ASX 200 has wrong-footed several prominent local hedge funds, with the rally pulling some long-short strategies into the red.
- Joshua Peach
Why the 70pc surge in Life360 has further to run
ICE Investor’s fund manager, Mason Willoughby-Thomas, shares why he likes the family tracking device and why the market is too conservative on Ooh!Media.
- Joanne Tran
ASX to rise, Wall Street mostly lower as data awaited
Australian shares are set to open higher. Oil rallied, gold edged up, iron ore fell anew. Techs pace Nasdaq lower, led by Tesla. Bitcoin hovers at $US73,000.
- Updated
- Timothy Moore
Tesla loses more lustre after another downgrade
Wells Fargo analyst Colin Langan has a tough message for the EV maker’s faithful: Tesla “ain’t looking so magnificent”.
- Timothy Moore
Traders, investors jostle over rate-cut timing
Bond investors expect the Fed to start cutting rates mid-year and the RBA to follow in September, despite a slightly hotter-than-expected US inflation print.
- Cecile Lefort
- Analysis
- Gold
Gold’s mystery rally baffles analysts
Hopes of US rate cuts alone are unlikely to have driven the surge. Analysts also question central bank buying, Chinese households looking for havens and war.
- Harry Dempsey and Mary McDougall
- Opinion
- Chanticleer
Grantham sees a bubble. Here’s where he’s hiding
The famous perma-bear says the artificial intelligence boom could end in tears with markets priced for perfection. Here are five areas he likes instead.
- James Thomson
WAM loads up on Cettire, likening the ‘noise’ to Afterpay
The fund manager has bought shares in the online retailer every day over the past week amid a broader bullish call on the ASX’s consumer discretionary sector.
- Alex Gluyas
ASX to rise, S&P 500 rallies as traders hold rate bets
Australian shares are poised to open higher. Nvidia leaps 7pc; BofA sees “virtuous” AI investment cycle driving earnings. June Fed cut firms.
- Updated
- Timothy Moore
Shares edge higher; Macquarie tops $200, Liontown jumps
ASX gains 0.2 per cent despite weaker iron ore, Liontown jumps 10pc on debt deal. Treasury flags China progress. US inflation slightly hotter than forecast. Bond yields rise. Oil lower. Nvidia leaps 7pc. Follow here.
- Updated
- Timothy Moore, Tom Richardson, Cecile Lefort, Joshua Peach, Sarah Jones and Alex Gluyas
Where SG Hiscock’s new CIO thinks the rally may go next
The Melbourne investment boutique thinks the ASX can head higher, but it’s the smaller end of the market that could benefit most.
- Joshua Peach
US markets ‘particularly imperfect’: Grantham
The long-run prospects for the broad US sharemarket here look as poor as almost any other time in history, the 85-year-old market legend said.
- Timothy Moore
Shares close up; BHP, Rio, Fortescue hit 2024 lows
Shares inch up; Philip Lowe joins Future Generation board; WAM and QV Equities merge; Adairs chairman exits; Air NZ pauses Chicago route; Iron ore tumbles. Bitcoin tops $US72,000. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joshua Peach and Sarah Jones
Why this fund manager is buying up Chinese debt
Muzinich’s Mel Siew believes that Beijing’s stimulus measures will eventually work, so he’s piled into Chinese high-yield bonds that are exposed to the domestic economy.
- Updated
- Cecile Lefort
