Today
ASX closes up; worst day for Worley since 2021
Shares firm; retail sales disappoint; $A slips; Sidara sale sinks Worley; BHP confirms $38b settlement; Origin gas revenue falls; Coles sales up. Follow updates here.
- 1 hr ago
- Cecile Lefort, Joshua Peach, Joanne Tran and Sarah Jones
ASX monopoly threatens stability of the Australian financial system
Readers’ letters on why Australia is losing the equity market battle; the true cost of gas; Star’s overdue clean-out; violence and the “Nordic paradox”; and how to sidestep scammers.
- 1 hr ago
Why now is the time for Aussies to book a flight to Tokyo
The Australian dollar hit a near-decade high against its Japanese counterpart. But history shows such gains could quickly reverse.
- Joshua Peach
Stocks trade for 390 minutes a day. But only the final 10 might matter
Assets in passive equity funds have surged to more than $US11.5 trillion in the US alone - pushing more of trading to the closing minutes of the equities session.
- Justina Lee
ASX to open flat; Wall Street picks up with Fed in focus
Australian shares are poised to open flat as Wall Street picks up with traders looking ahead to the US Federal Reserve’s rates decision meeting this week.
Yesterday
- Opinion
- Chanticleer
Investors need to turn detective in the hunt for interest rate pain
Several sectors on the ASX have surged on the prospect of rate cuts that aren’t coming any time soon. It’s time for investors to reassess.
- James Thomson
ASX bounces as real estate, tech rally; First Quantum mothballs mine
Shares close higher. Perpetual confirms exclusive talks with KKR. Tech stocks rise ahead of Apple and Amazon earnings. Follow here for more
- Updated
- Joshua Peach, Sarah Jones, Cecile Lefort, Joanne Tran and Alex Gluyas
This Month
ASX activist HMC Capital takes aim at GrainCorp
HMC Capital has revealed a position in GrainCorp, marking the group’s fourth public bet from the highly concentrated Capital Partners Fund.
- Updated
- Joshua Peach
ASX to bounce as Powell prepares to walk rates ‘tightrope’
The US Federal Reserve will take centre stage again this week, when some forecasters are expecting its chairman to address an increasingly poor inflation outlook.
- Joshua Peach
- Opinion
- Sharemarket
How Australia is losing the equity market war
Australia’s equity capital markets are slipping behind global competitors on market value, shares traded and foreign listings. That trend is unlikely to change while the ASX is fixing its monopoly clearing and settlement system.
- Tony Boyd
- Opinion
- Monetary policy
The RBA is still threading the needle
The Reserve Bank’s next policy move is more likely to be a rate cut despite the evidence seen in the stronger than expected March inflation figures, says GSFM’s Stephen Miller.
- Stephen Miller
- Opinion
- Chanticleer
12 stock picks for a tough investing environment
Low rates and endless stimulus may have left investors unprepared for the difficult environment that lies ahead. Here are 12 stock picks to consider.
- James Thomson
Resources funds bounce back as commodity rally intensifies
Fund managers are betting on a fresh batch of copper, gold and oil producers to help lift their returns following a challenging period for commodity investors.
- Alex Gluyas
Shares sink; Anglo American rejects BHP’s ‘opportunistic’ proposal
Shares fall 1.2pc as rate cut hopes dim. BHP sinks on Anglo American deal. ResMed beats on profits. Wall Street lower on US GDP slowdown. Follow here.
- Tom Richardson, Natasha Rudra, Cecile Lefort, Joanne Tran and Alex Gluyas
ASX to drop; Wall Street falters on US economic data
The ASX is set to drop as Wall Street took fright after US economic data revealed “the worst of both worlds” - a slowdown in the economy and inflationary pressure.
- Opinion
- Chanticleer
How to adjust your ASX portfolio for a higher-for-longer world
Hot inflation and the prospect that rate cuts will be further delayed should encourage investors to rotate from banks towards miners, Morgan Stanley says.
- James Thomson
Kogan executives handed $17.6m payday three weeks before stock crash
The online retailer disclosed earlier this month that key executives would be able to sell options back to the company without having to exchange them for shares.
- Tom Richardson and Carrie LaFrenz
This fundie says CSL is a $500 stock
ECP Asset Management’s Sam Byrnes expects the blood plasma collector’s return on capital to substantially improve and remains bullish on IDP Education even though its share price has tumbled this year.
- Joanne Tran
- Updated
- Social media
Meta’s plans to spend billions on AI unsettle investors
Shareholders are preparing to wipe around $US200 billion ($308 billion) of the social media giant’s value, despite better than expected earnings this year.
- Updated
- Joshua Peach
Wall Street drifts after hot streak, Tesla soars; ASX closed
Wall Street is drifting after a two-day hot streak with car maker Tesla surging but other tech stocks mixed. The ASX is closed for Anzac Day.
- Natasha Rudra