Latest
- Live
- Markets Live
ASX gains, Ansell jumps after placement, Rio Tinto leaps
Shares rise; Wall Street ends flat; SunRice to review NSW exports plan; oil prices fall; MotorCycle in data hack; Heartland Group raises $192m. Follow updates here.
- 3 mins ago
- Andrew Hobbs, Cecile Lefort, Joanne Tran, Sarah Jones and Joshua Peach
China to miss lofty economic growth target without major stimulus
The Australian Financial Review’s survey of economists suggests growth as low as 4.2 per cent. But a reliance on iron ore will limit its effect on Australia.
- 31 mins ago
- Cecile Lefort
Anteris Technologies preps cash call; Evolution on ticket
Fund managers were told Anteris would look to use up the 950,000 shares left under its annual placement capacity.
- 1 hr ago
- Sarah Thompson, Kanika Sood and Emma Rapaport
Wall Street’s lofty profit expectations to test market rally
Investors will be questioning whether the US mega caps can continue to beat the punchy earnings forecasts set by analysts as US earnings season kicks off this week.
- Alex Gluyas
ASX poised to rise as US Treasury yields reach year highs
Market focus is firmly on interest rates before the release of key data this week as Wall Street’s biggest bull raises his yearend forecast by 900 points.
- Updated
- Andrew Hobbs
Geoff Wilson wants Bill Ackman’s very online notoriety
Funds management and dividend guru Geoff Wilson has logged on.
- Myriam Robin and Mark Di Stefano
Opinion & Analysis
Jamie Dimon reveals three risks – and his leadership secret
We extracted the big lessons for investors and leaders from the JPMorgan CEO’s 27,000-word letter to shareholders.
Columnist
‘Big Short’ hero’s new big idea is one Aussie investors can ride
Famed US investor Steve Eisman says that when things are good, markets trade on stories. But there’s one theme that stands out from the rest.
Columnist
Short selling is no easy way to make money
Short sellers are an ever-present and divisive part of the market. But the path activist investors have chosen to make money is riddled with complexities.
Senior reporter
Why investors should ignore the sell-off and stay in the game
While the equity rally may have stalled after a blistering first quarter, the market is just starting a new up-cycle which should be measured in years rather than weeks or months.
Contributor
Companies in the News
Woolworths
Coles Supermarkets
Woodside Energy Group
ASX Limited
Updated: Apr 9, 2024 – 12.10pm. Data is 20 mins delayed.
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Meet the Fundie
From Aware Super to Blackwattle, how Tim Riordan is making money
The former equities boss says strategic alignment is key when looking at stocks to buy, and is expecting more M&A, having already picked one of the year’s top takeover targets.
- Joanne Tran
‘We still have an inflation problem’, says NAB’s Catril
Rodrigo Catril at National Australia Bank is confident the RBA will lower the cash rate this year, but the job market needs to weaken first.
- Cecile Lefort
This hedge fund is backing bets Citadel and Millennium won’t touch
Multi-strategy hedge funds have swept the globe hoovering up talent into their highly levered investing style, but this New York-based fund can go where they can’t.
- Joshua Peach
More From Today
- Opinion
- Chanticleer
Jamie Dimon reveals three risks – and his leadership secret
We extracted the big lessons for investors and leaders from the JPMorgan CEO’s 27,000-word letter to shareholders.
- 23 mins ago
- James Thomson
Yesterday
- Opinion
- Chanticleer
‘Big Short’ hero’s new big idea is one Aussie investors can ride
Famed US investor Steve Eisman says that when things are good, markets trade on stories. But there’s one theme that stands out from the rest.
- James Thomson
Brokers go all in on Rio tipping 20pc annual share price jump
Some of the biggest investment banks are telling their clients that the miner is their top pick, especially as it increasingly diversifies away from iron ore.
- Alex Gluyas
Investors sceptical RBA will cut rates at all in 2024
Equities have shrugged off dialled back rate cut expectations, with the US not expected to pull the trigger until September and the RBA priced for December if at all this year.
- Cecile Lefort
ASX inches higher; iron ore rebounds, APM sinks 30pc
Shares close higher. APM slumps 25 per cent poorer outlook. Qantas rallies 6 per cent and kicks off $448 million share buyback. Life360 says its “ahead of market expectations”.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones, Joanne Tran, Cecile Lefort and Alex Gluyas
- Opinion
- Hedge funds
Short selling is no easy way to make money
Short sellers are an ever-present and divisive part of the market. But the path activist investors have chosen to make money is riddled with complexities.
- Jonathan Shapiro
From Aware Super to Blackwattle, how Tim Riordan is making money
The former equities boss says strategic alignment is key when looking at stocks to buy, and is expecting more M&A, having already picked one of the year’s top takeover targets.
- Joanne Tran
This Month
ASX to rise, hot US jobs reinforces rate cut delay fears
Futures indicate the benchmark S&P/ASX 200 is poised to rise 0.5 per cent, or by 38 points, at the start of trade on Monday. Traders cut their expectations of an RBA cut in September.
- Updated
- Joanne Tran
BlackRock dominates in Australia as billions flood into crypto ETFs
Brokers say the iShares product operated by BlackRock is the most popular among local investors, with inflows continuing despite volatile prices.
- Joshua Peach
- Opinion
- Sharemarket
Why investors should ignore the sell-off and stay in the game
While the equity rally may have stalled after a blistering first quarter, the market is just starting a new up-cycle which should be measured in years rather than weeks or months.
- Jun Bei Liu
Wall St extends rally after stronger-than-expected jobs data
All three US benchmarks closed higher as traders opted to focus on the economy’s strength, rather than the fading probability of a June rate cut.
- Updated
- Timothy Moore
Fundies warmed up for Dubber equity raise
On the agenda is a $24 million emergency equity-raising for the ailing cloud-based call recording software group.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Why Wall Street banks have got it wrong on lithium
Sydney fund manager Ethical Partners says their own modelling shows the battery metal has moved “rapidly back” into balance after last year’s collapse, that will continue to support prices (and the sharemarket).
- Sarah Jones
BHP, Rio weigh on ASX shares; oil jumps, GQG gains on rising FUM
Shares pare losses. Middle East spooks investors. GQG lifts FUM. Ripple plans stablecoin launch. APM finds new suitor. Dow drops on Kashkari rates cloud. Follow updates here.
- Updated
- Timothy Moore, Tom Richardson, Cecile Lefort, Sarah Jones, Joanne Tran and Joshua Peach
ASX to fall; US rally wiped out by rate comment, oil spike
Australian shares are set to drop in line with New York. Dow sheds 530 points. Oil rises above $US90 a barrel. Kashkari tips possibility of no 2024 rate cuts.
- Updated
- Timothy Moore
Trafigura admits founder Dauphin approved bribes
Trafigura last week became the latest of the world’s largest commodity traders to admit to paying bribes to win business.
- Jack Farchy
Iron ore to end 2024 near $US100 a tonne: Capital Economics
Global steel prices are on “shaky ground” and there’s little reason to expect an increase in demand, according to the London-based firm.
- Timothy Moore
Amazon investors eye bigger returns as cash pile grows
The online retailer could see its cash hoard surge through $150 billion this year, and shareholders are keen to pocket directly more of it.
- Jeran Wittenstein and Ryan Vlastelica
- Opinion
- Interest rates
The Fed is wrong about how low rates will go
Betting against the Fed is a fraught endeavour. Nonetheless, in this case I think the market is right.
- Bill Dudley
Buy Newmont to benefit from gold price surge, Citi urges
Shares in the gold miner, which merged with Newcrest last year, have fallen. But the investment bank says that should be more than overcome this year.
- Joshua Peach
