Today
- Live
- Markets Live
ASX to rise; S&P 500 hits record high, jobs data ahead
ASX futures add 0.7pc, jobs data ahead. Qantas buys TripAdeal; ANZ lifts house price forecasts. Wall St rallies after US inflation slows, Federal Reserve flags rate cut in 2024, oil climbs. Follow here.
- 1 hr ago
- Timothy Moore, Tom Richardson, Sarah Jones, Joshua Peach, Joanne Tran, Alex Gluyas and Cecile Lefort
Yesterday
Need to own a bank stock? Citi says ignore CBA at your peril
While Commonwealth Bank is the least preferred major bank stock among brokers because of its lofty price tag, Citi believes Australia’s largest lender will continue to outperform its peers.
- Alex Gluyas
More pain tipped for iron ore as BHP, mining stocks sink
Strategists are warning that the sell-off in the steel-making ingredient could drag prices below $US100 a tonne, which would spell further trouble for the big miners.
- Alex Gluyas
Miners and tech stocks drag ASX lower; Woodside up on broker upgrade
Shares extend losses at the closing bell; Macquarie sees 18 per cent upside to Woodside shares; Super Retail appoints Fonterra CEO Swales as chairwoman. Follow updates here.
- Updated
- Timothy Moore, Joanne Tran, Joshua Peach, Cecile Lefort and Alex Gluyas
This Month
ASX drops 1.3pc; Bapcor leaps 14pc on Bain bid
Shares slump; AGL to buy $150m Kaluza shares; Beach Energy flags $400m hit; Bain bids for Bapcor; FIRB approves Saint-Gobain’s CSR buy. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Alex Gluyas, Joshua Peach, Sarah Jones and Joanne Tran
Risks lurk beneath the sharemarket as stocks tumble
Pundits are warning that Tuesday’s sell-off from near record highs could be the start of a bigger sell down, with stocks pricing in too much good news.
- Alex Gluyas
Nine forever stocks for young investors
Forget crypto because nothing beats buying and holding a terrific business for the long term to create generational wealth, say fund managers.
- Tom Richardson
Strong US jobs growth dashes hopes of rate cut as Wall Street stocks close lower
The US economy generated far more jobs than forecast, prompting traders to slash their bets on an interest rate reduction in September.
- Updated
- Chibuike Oguh
ASX caps best week of 2024 as ECB cuts, commodities gain
Benchmark rallies 2pc over the week. Life360 hits Nasdaq boards. GQG lifts FUM. IDP Education rebounds. ECB cuts rate.
- Timothy Moore, Tom Richardson, Cecile Lefort, Sarah Jones, Alex Gluyas and Joshua Peach
A biotech boom for the ASX? This fundie thinks so
SG Hiscock’s Rory Hunter thinks CSL could “absolutely” hit $500, says biotechs are ripe for M&A, and reveals a hidden gem flying under the market’s radar.
- Alex Gluyas
- Opinion
- Chanticleer
Forget Wall Street’s deceiving new record, recession debate is back
The unstoppable Nvidia might be propelling Wall Street to new highs, but there’s a growing debate about whether US recession fears will revive the infamous “Fed put”.
- James Thomson
Shares rise; CBA hits record high, ECB tipped to cut rates ahead
Bank of Canada cuts cash rates Wall St hits records. SkyCity slashes guidance, warns on NZ economy. Telix unveils Nasdaq IPO. Magellan narrows outflows. Gold, oil rise. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Alex Gluyas, Sarah Jones and Joshua Peach
India’s stock crash triggers rethink for investors
A shock election result has changed the fortunes for one of the world’s best-performing sharemarkets, causing investors to re-position.
- Alex Gluyas and Jessica Sier
ASX closes higher; property stocks, Treasury Wine rally
Real estate, banks buoy sharemarket despite lower commodities prices. GDP growths stalls in first quarter. Rates on hold for now. Bitcoin above $US70,000.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones, Cecile Lefort and Alex Gluyas
ASX slips as BHP, Woodside lose ground
Shares slip on weak oil, iron ore prices; AFT expands in the US; Life360 launches US IPO; Lovisa extends losses; New chairman at Crown. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Alex Gluyas and Sarah Jones
GameStop frenzy returns after Keith Gill’s Reddit return
The meme stock soared on Wall Street after a Reddit post appeared to reveal a $173.6 million position in the video-game retailer.
- Sangmi Cha, Subrat Patnaik and Bailey Lipschultz
Investors pull money from tech in ‘next phase’ of the AI trade
Hedge funds have trimmed exposure to the Magnificent Seven and increased holdings in the utilities and healthcare stocks as the AI rally broadens to other pockets of the sharemarket
- Alex Gluyas
ASX rises; real estate, banks gain, iron ore hits six-week low
Australian shares end higher. Oil falls as OPEC+ extends production cuts. Regal buys Merricks Capital for $235 million. Follow updates here.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones, Cecile Lefort and Alex Gluyas
ASX to push higher in pivotal week for interest rates
Futures on the S&P/ASX 200 point to a gain of at least 0.5 per cent on Monday for the local bourse after modest gains on Wall Street that sent the benchmark S&P 500 up 0.8 per cent at the end of last week.
- Sarah Jones
ASIC trains its sights on private equity
The regulator is trying to work out what’s caused the slump in public listings, and whether this has triggered problems that ASIC needs to tackle.
- Hans van Leeuwen
