Latest
Dimon warns of ‘unsettling’ pressures on global markets
The CEO of JPMorgan sees a cascade of pressures including war, rising geopolitical tensions and inflation weighing over markets.
- Updated
- Rob Copeland
US stocks tumble as war fears send ‘fear gauge’ to six-month high
Equities had their worst day since January after a report that Israel was bracing for an attack by Iran on government targets. The VIX index jumped 16 per cent.
- Rita Nazareth
Oil jumps, Treasuries surge on fears Iran will attack Israel
Bond yields tumbled a and crude oil surged to a six-month-high following reports that Israel is bracing for a possible attack from Iran.
- Michael Mackenzie
Copper is back as investors cash in on the ‘reflation trade’
A new commodity upswing is under way, creating widespread opportunities for investors. But pundits warn that could also contribute to stickier inflation keeping rates higher for longer.
- Alex Gluyas
ASX closes lower, as rate worries mount; Domino’s, Star fall
The Fed comments came as Wall Street banks predicted rates would not drop until December; Gold miners rally on price rise. Cettire slips despite strong sales.
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- Andrew Hobbs, Joshua Peach, Tom Richardson, Sarah Jones, Joanne Tran and Cecile Lefort
ASX to fall as Fed officials highlight ‘need for patience’
Federal Reserve Bank of Boston President Susan Collins and New York Fed President John Williams said it may take more time to gain confidence to begin easing rates.
- Updated
- Andrew Hobbs
Opinion & Analysis
Global debt can’t keep growing forever
Now ultra-low interest rates have ended, large-scale government borrowing looks unsustainable.
Columnist
Hot US inflation delivers three warnings
The surprising data will give investors plenty to think about. But fading rate cut hopes will also have ramifications for politicians facing the ballot box.
Columnist
Fundies name ‘fallen angel’ stock picks
On Thursday morning, investors will be obsessing over what US inflation data says about rate cuts. But Munro Partners’ Qiao Ma won’t be one of them.
Columnist
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
Companies in the News
National Australia Bank
Woolworths
Coles Supermarkets
Woodside Energy Group
Macquarie Group
Updated: Apr 12, 2024 – 4.40pm. 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
Yesterday
- Opinion
- Government debt
Global debt can’t keep growing forever
Now ultra-low interest rates have ended, large-scale government borrowing looks unsustainable.
- Martin Wolf
This Month
Why Paradice is backing Seven Group’s bid for Boral
Mid-cap investor Jovana Gagic says Kerry Stokes’ conglomerate has a good track record in buying controlling stakes, and reveals why she’s bullish on Orica and Pro Medicus.
- Joanne Tran
Regal’s Phil King shorts Tesla and Apple
The star stockpicker says there’s long and short opportunities in the Magnificent Seven, and his fund is playing both sides.
- Joshua Peach
The eight stocks most loved by Australia’s best fund managers
Despite the headwinds, CSL is still loved by the top stock pickers. CBA and BHP are also widely held – but not as widely as expected.
- Joshua Peach
Shock US inflation ends chance of RBA rate cuts this year
The $A and bonds were sent into a tailspin after hot CPI data prompted traders to price out the chance of some rate relief from the Reserve Bank in 2024.
- Cecile Lefort
- Opinion
- Chanticleer
Hot US inflation delivers three warnings
The surprising data will give investors plenty to think about. But fading rate cut hopes will also have ramifications for politicians facing the ballot box.
- James Thomson
Shares pare losses; miners, energy gains, rates rise on US inflation
Property, tech stocks fall as investors push first US rate cut to November. Macquarie says buy Whitehaven. NextDC eyes $1.3b capital raising. Avita cuts guidance. Follow here.
- Updated
- Andrew Hobbs, Cecile Lefort, Joanne Tran, Joshua Peach, Sarah Jones and Tom Richardson
ASX to fall after shock US inflation data; $A slumps
Wall Street’s main stock indexes tumbled and US Treasury 10-year yields jumped after the stronger-than-expected US inflation data.
- Updated
- Andrew Hobbs
- Opinion
- Chanticleer
Fundies name ‘fallen angel’ stock picks
On Thursday morning, investors will be obsessing over what US inflation data says about rate cuts. But Munro Partners’ Qiao Ma won’t be one of them.
- Updated
- James Thomson
NZ pushes back on early rate cuts despite recession
The Reserve Bank of New Zealand held the cash rate at a 15-year high but surprised the market by indicating “limited” tolerance for high inflation.
- Cecile Lefort
Gold’s dizzying ascent isn’t over yet, say fundies
The precious metal has surged nearly 20 per cent since February, but macro fund managers expect the momentum to continue.
- Sybilla Gross and Yvonne Yue Li
Jarden Australia MD heads to JPMorgan
Julien Dyon will join JPMorgan as a managing director and be based in Sydney.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Big four’s expensive shares send investors towards smaller rivals
With brokers warning the shares of CBA and its peers are too pricey, funds managers are increasingly looking to cheaper competitors like Judo Bank and MyState.
- Joanne Tran
Miners push ASX higher; Ansell, Coronado shares jump
Shares advance at the closing bell; RBNZ leaves cash rate unchanged; ASIC to appeal court ruling on Finder Earn; gold extends rally; Dubber CEO sacked. Follow updates here.
- Updated
- Andrew Hobbs, Cecile Lefort, Joshua Peach, Joanne Tran and Sarah Jones
Dubber presses play on $24m emergency raise; 77pc discount
Dubber Corporation has pulled the trigger on a $24 million cash call on Wednesday morning, after weeks of preparation.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASX to rise as gold hits record; Fed’s Bostic sees just one rate cut
US shares steadied and Treasury yields dropped from a more than 4-month high in the last trading day before key US inflation data.
- Updated
- Andrew Hobbs
Copper trades near 15-month high as Citi sees ‘explosive’ growth
Citigroup said there’s potential for “explosive price upside” in the metal in the next three years thanks to supply disruptions and rising demand.
- Jack Ryan
Genesis Capital warms up lenders for Pacific Smiles bid
The debt talks come as Genesis heads towards the deadline for its six-week due diligence, announced on March 19 when the PE firm lobbed a $1.75 a-share scheme bid.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie tips CSL shares to hit $500
Some of the biotechnology giant’s shareholders are sceptical about the investment bank’s call, which is detailed to clients in a 55-page note.
- Updated
- Alex Gluyas
Miners buoy ASX; Ansell rallies over 6pc
Mining giants BHP and Rio Tinto push shares higher at the closing bell; oil prices fall; Ansell jumps after its $400 million underwritten placement; iron ore rebounds. Follow updates here.
- Updated
- Andrew Hobbs, Cecile Lefort, Joanne Tran, Sarah Jones and Joshua Peach
