Latest
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
CBA tips one rate cut this year as retail sales ease fears of a rise
Last week’s hot inflation data reignited the prospect of further rate increases, but Tuesday’s weak retail sales numbers have traders walking back those expectations.
- 1 hr ago
- Cecile Lefort and Joshua Peach
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.
Fed rate cut debate shifts from when toward if on sticky inflation
US policymakers are widely expected to hold rates steady at a more than two-decade high this week, so much of the focus will be on any pivot from the Fed chairman.
- Steve Matthews
Opinion & Analysis
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.
Contributor
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.
Columnist
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.
Contributor
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.
Former advisor Paul Keating
Companies in the News
Woodside Energy Group
The Star Entertainment Group
Commonwealth Bank
ASX Limited
Updated: Apr 30, 2024 – 4.16pm. Data is 20 mins delayed.
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Meet the Fundie
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
This top-performing fundie is all-in on ASX gold stocks
Vasilios Piperoglou believes gold stocks will “multibag” in the coming months, and says Collins St Asset Management value fund has a portfolio full of potential winners.
- Alex Gluyas
The biggest market risk you’re probably not thinking about
Insight Investment’s Francesca Fornasari says investors cannot ignore currency markets, especially Australians who are sending billions of dollars overseas.
- Jonathan Shapiro
More From Today
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
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
Yen drops to a 34-year low; will authorities step in?
The steep sell-off in the Japanese currency to the lowest level since 1990.
- Updated
- Cormac Mullen
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
RBA’s next move will still be a rate cut, say investors
Market pundits argue that interest rates are still going down, not up, because inflation is declining, albeit at a slower pace than many had expected.
- Cecile Lefort
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
Copper hits $US10,000 as BHP’s bid releases the bulls
Copper hit $US10,000 a tonne for the first time since 2022 as traders took BHP’s takeover bid for Anglo American as a vote of confidence for the metal.
- Alex Gluyas
- 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
Market bets the RBA will raise rates by August
Traders are ascribing a more than 50 per cent chance the Reserve Bank will lift the cash rate as early as in August to stamp out inflation.
- Cecile Lefort
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
Traders see zero chance of RBA rate relief
The bond market has completely removed any chance of an easing in 2024, making Australia the only major economy where rates could rise.
- Cecile Lefort
Investors pile into miners as commodity rally heats up
Surging copper, gold and oil prices are fuelling a rotation into mining stocks as analysts scramble to adjust their profit forecasts for the sector.
- Alex Gluyas
