Latest
Regal allegedly embroiled in South Korean securities investigation
The prominent hedge fund told investors in September it was shorting stocks in South Korea, saying it was focused on “one specific bank”.
- Joshua Peach
The Aussie stock picks that made this fund a top 10
Platypus Asset Management’s Prasad Patkar names Reece among the $5 billion money manager’s key investment calls. But he’s wary of BHP’s big M&A bet.
- Sarah Jones
Panic sets in as short squeeze rockets copper price
A violent spike in copper futures traded in New York has caught markets off guard and sent traders scrambling to cover short positions.
- Alex Gluyas
Mortgage relief in sight after traders scrap rate rise bets
A surprise pickup in the unemployment rate has bolstered bets that the next move from the Reserve Bank may be lower. Cooling US inflation data overnight also helped, sending the Aussie dollar to a four-month high.
- Cecile Lefort
Shares eye record high on rate cut bets; WiseTech tops $100
Shares post best day in 2024. Economy adds 38,500 jobs on surging immigration. Bond yields retreat. Copper, gold, bitcoin rally. Follow here.
- Timothy Moore, Tom Richardson, Joshua Peach, Sarah Jones, Alex Gluyas and Cecile Lefort
ASX to rise, US benchmarks close at record highs
Australian shares are set to open higher after data showed US inflation is cooling. $A eyes US67¢; Bitcoin tops $US66,000. Gold rallies.
- Updated
- Timothy Moore
Opinion & Analysis
Why bad news has the ASX bulls running
Bad news from the job market turned a good day on the ASX into a great one. Investors are ploughing into market darlings in the firm belief that rate cuts are coming.
Columnist
How inflation relief and Buffett’s new bet gave bull market fresh legs
Wall Street popped to new record highs on better than feared US inflation data. But there’s a big contradiction at the heart of the bulls’ outlook.
Columnist
Fundies are riding a wave of stimulus. Jim Chalmers just added to it
Investor bullishness is as strong as it’s been since 2021, but one key question in BoA’s latest fund manager survey particularly resonates after the latest budget.
Columnist
Perpetual’s shrunken shadow casts a pall over public sharemarket
The shrinking of the active fund manager raises more questions about the future of public markets in a world of private alternatives.
Editorial
Companies in the News
ASX Limited
Macquarie Group
Perpetual Limited
Updated: May 16, 2024 – 3.58pm. Data is 20 mins delayed.
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Meet the Fundie
Airlie’s Emma Fisher is making her next big bets
Mineral Resources and Reece have been career-defining picks. This year, she’s sold down CBA and is going large on one of the most shorted stocks on the ASX.
- Sarah Jones
How Sage Capital is making money from other investors’ panic
Veteran hedge fund manager Sean Fenton has no qualms going against the crowd, buying ResMed after its collapse in 2023.
- Joanne Tran
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
More From Today
- Opinion
- Chanticleer
Why bad news has the ASX bulls running
Bad news from the job market turned a good day on the ASX into a great one. Investors are ploughing into market darlings in the firm belief that rate cuts are coming.
- 1 hr ago
- James Thomson
- Opinion
- Chanticleer
How inflation relief and Buffett’s new bet gave bull market fresh legs
Wall Street popped to new record highs on better than feared US inflation data. But there’s a big contradiction at the heart of the bulls’ outlook.
- James Thomson
Yesterday
Citi calls time on iron ore rally as budget bakes in price plunge
Citi has told investors to “fade the rally” after more signs of weakness in China’s financial sector.
- Joshua Peach
- Opinion
- Chanticleer
Fundies are riding a wave of stimulus. Jim Chalmers just added to it
Investor bullishness is as strong as it’s been since 2021, but one key question in BoA’s latest fund manager survey particularly resonates after the latest budget.
- James Thomson
ASX closes higher; BHP, miners advance, Santos to cut 200 jobs
Shares end higher after budget as BHP jumps; AACo swings to a loss; Iress reveals data leak; CSR hit by energy costs; Q1 wages cool more than expected.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones, Alex Gluyas and Cecile Lefort
ASX retail, property stocks to rally from budget boost
The “inflationary” tones from the federal budget could provide a fresh tailwind for the sharemarket, especially for retail and real estate stocks, according to brokers.
- Alex Gluyas
ASX to rise, US equities rally on megacap techs
Australian shares are set to advance. Budget details in focus. Nasdaq resets closing record high. Meme stocks extend surge. Bitcoin struggles.
- Timothy Moore
This Month
Does Roaring Kitty’s return signal another round of meme-stock mania?
Shares of GameStop surged on Wall Street after a surprise social media post by Keith Gill, famed for creating a trading frenzy in meme stocks in 2021.
- Subrat Patnaik and Bailey Lipschultz
Investors weigh whether to chase China’s new bull market
The 27 per cent surge in Chinese stocks this year continues to wrong-foot many asset managers, but some are cashing in following a disappointing few years.
- Alex Gluyas
Australian ETF winners had returns as high as 153pc
US megacap tech stocks and cryptocurrencies proved profitable investments in the last year, according to the latest top-performing ETF data – alongside some other surprise standouts.
- Joshua Peach
- Opinion
- Investing
Perpetual’s shrunken shadow casts a pall over public sharemarket
The shrinking of the active fund manager raises more questions about the future of public markets in a world of private alternatives.
- The AFR View
- Opinion
- Chanticleer
Meme stock stupidity is back at the dumbest possible time
The $6 billion jump in the value of crappy US retailer GameStop is a sign of pure speculative excess.
- James Thomson
ASX closes lower ahead of federal budget; critical mineral miners jump
Australian edged down in quiet session ahead of federal budget. Energy and real estate stocks fall. Budget at 7.30pm. US producer prices ahead.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones, Alex Gluyas and Cecile Lefort
Hedge funds are once again targeting Qantas
Almost $300 million has been bet against Australia’s largest airline, even as it attempts to repair its relationship with customers after selling tickets on flights that were already cancelled.
- Joshua Peach
ASX to slip, S&P 500 dips as CPI awaited
Australian shares are set to edge lower with the federal budget in focus. The Dow and S&P 500 edged down, the Nasdaq advanced with price data in focus.
- Updated
- Timothy Moore
- Opinion
- Chanticleer
Investors shouldn’t believe Chalmers on inflation just yet
For inflation to get back to target by Christmas, more pockets of pain will have to emerge. But the corporate sector is holding up well.
- Updated
- James Thomson
Nvidia rivals gold as shield against inflation, survey shows
The mega cap US tech stocks are not only a bet on innovation but also offer potential protection against inflation, according to some investors.
- Edward Harrison
Rate rise still priced in despite Chalmers’ ‘optimistic’ forecasts
Bond markets are continuing to bet that the RBA will have to lift rates this year, despite new government forecasts predicting inflation will fall faster than the central bank expects.
- Updated
- Alex Gluyas
Macquarie dominated on-market block trades in April; Goldies dips
The investment bank’s transition desk was run off its feet, handling a mammoth growth equities transition valued somewhere between $1 billion and $2 billion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ASX closes flat, Fletcher, Lendlease drop
Shares flat; Fletcher hit by weak housing market; Lendlease disputes ATO claims; Iress in security breach; ANZ investigated by ASIC. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Alex Gluyas, Sarah Jones and Joshua Peach
