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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
Dow paces Wall St higher as early losses reversed
A morning swoon proved to be a buying opportunity after the latest inflation data renewed hopes of a 2024 pivot to rate cuts.
- Updated
- Timothy Moore
Economists read riot act to Fair Work on minimum wage
The Fair Work Commission is expected to lift the minimum wage by 3.5 per cent to 4 per cent next week, but economists warn that anything more will add to inflation.
- Cecile Lefort
Commodities to set records after ‘violent price swings’
Strategists have warned that traders should expect heightened volatility on commodity markets as the powerful rally in metals divides investors.
- Updated
- Alex Gluyas
Nuclear, data centres are in a sweet spot for investors
Analysts are scouring sharemarkets for ways to profit from the rush of money into the data centres that will support the rise of AI.
- Tom Richardson
Opinion & Analysis
Only way to lose on Aussie property? Top short defies doubters
Lifestyle Communities, one of the market’s most shorted stocks, was a key hedge fund bet at the Hong Kong Sohn conference.
Senior reporter
Global M&A lurches back to life
After a weak 2023, a recent flurry of deals is the latest sign of a revival in activity. But political uncertainty is holding back some takeovers.
Contributor
Forget banks, it’s time to start buying mining stocks
Money has flowed disproportionately to the big four and Wesfarmers, but headwinds are starting to turn into tailwinds for the resources sector.
Contributor
Let business play a role fixing Australia’s affordable housing crisis
ASX-listed Aspen has found novel ways to combat the cost inflation plaguing the sector. It’s time to scale via M&A and create sustainable operators.
Contributor
Companies in the News
Commonwealth Bank
Westpac Banking Corporation
Nine Entertainment
Wesfarmers
Updated: May 31, 2024 – 4.40pm. Data is 20 mins delayed.
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Meet the Fundie
Bond returns are back and Pimco is ‘excited’
The $2.9 trillion fund manager is buying up Australian government bonds, among other things, betting that the Reserve Bank will need to cut rates less than the Fed. They are also wagering on the US housing market and consumer.
- Cecile Lefort
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
More From Today
- Analysis
- Due diligence
Only way to lose on Aussie property? Top short defies doubters
Lifestyle Communities, one of the market’s most shorted stocks, was a key hedge fund bet at the Hong Kong Sohn conference.
- Jemima Whyte
- Analysis
- Mergers & acquisitions
Global M&A lurches back to life
After a weak 2023, a recent flurry of deals is the latest sign of a revival in activity. But political uncertainty is holding back some takeovers.
- Ivan Levingston, Will Louch, James Fontanella-Khan, Maria Heeter and Antoine Gara
- Opinion
- Sharemarket
Forget banks, it’s time to start buying mining stocks
Money has flowed disproportionately to the big four and Wesfarmers, but headwinds are starting to turn into tailwinds for the resources sector.
- Paul Taylor
May
Shares rise; Telix soars, Citi says buy BHP
Shares add 0.7pc after three-day sell-off. Guzman y Gomez targets June IPO. Telix leaps on trial results. Pro Medicus, Lovisa hit record highs. Australian bond yields push higher. Follow here.
- Timothy Moore, Tom Richardson, Sarah Jones, Joshua Peach, Alex Gluyas and Cecile Lefort
ASX to rise, tech rout hits Wall Street
Australian shares are set to open higher. Salesforce slump knocks the tech sector. Dell disappoints after the closing bell. US yields pull back on GDP data.
- Updated
- Timothy Moore
Cettire founder Dean Mintz backs his ‘best in class’ returns process
The luxury marketplace’s chief executive told a stockbrokers’ conference the company, which has divided investors, was spending more on customer service.
- Jonathan Shapiro and Carrie LaFrenz
ASX sell-off extends as rate worries take root, iron ore prices tumble
Australian shares end lower for their third straight session, in line with losses in New York. Catapult Sports rallies on results. BHP tracks miners lower.
- Updated
- Timothy Moore, Joshua Peach, Cecile Lefort and Alex Gluyas
Markets increasingly expect next interest rate move will be up
Traders are increasingly confident the Reserve Bank will be forced to raise interest rates, particularly if a decision to lift minimum wages next week is above expectations.
- Updated
- Cecile Lefort
The stocks fuelling Victor Smorgon’s 40pc returns
The Melbourne firm’s global fund has shot out of the blocks again this year thanks to record gold and copper prices. It’s also very bullish on one newly listed mining stock.
- Alex Gluyas
L1 Capital says banks pose risk to ASX, but it likes AGL
The Melbourne fund manager is warning that the dream run for retailers and the big banks will come to an end and weigh markets down.
- Jonathan Shapiro
- Opinion
- Affordable housing
Let business play a role fixing Australia’s affordable housing crisis
ASX-listed Aspen has found novel ways to combat the cost inflation plaguing the sector. It’s time to scale via M&A and create sustainable operators.
- Justin O'Brien
ASX to fall, US bond yields rise higher
Australian shares are set to open lower in line with losses in New York after yet another weak response to a US government debt sale.
- Updated
- Timothy Moore
ASX slumps 1.3pc, BHP requests Anglo American bid extension
Shares fall; IAG sued over loyalty discounts; Fonterra boosts guidance; Ramelius with takeovers panel; Fisher & Paykel eyes profit bounce. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Joshua Peach, Sarah Jones and Alex Gluyas
RBA ‘one bad inflation report’ away from hiking, say economists
Yields rose and equities sank on Wednesday, after another hot inflation print fanned rate rise worries among Australia’s traders and economists.
- Joshua Peach and Cecile Lefort
Why the big four banks keep wrong-footing the market
Investors are asking whether analysts jumped the gun by advising clients to sell bank stocks, as the lenders continue to defy bearish views on their valuations.
- Alex Gluyas
- Opinion
- Chanticleer
How to set up your portfolio for the next decade, according to Goldman
The traditional 60:40 portfolio has rallied off its deathbed thanks to surging stocks and bond yields. But Goldman Sachs says what comes next might look very different.
- Updated
- James Thomson
ASX to drop, Nvidia surge helps offset rising bond yields
Australian shares to drop. BHP deadline fast approaching. US equities dented by mediocre debt sales. The Magnificent One powers ever higher.
- Updated
- Timothy Moore
Six ASX stocks the AI bulls may have overlooked
A report from Morgan Stanley has shed light on the overlooked sectors on the ASX that could be set to benefit from the artificial intelligence revolution.
- Joshua Peach
BHP may need more time to break Anglo bid impasse: reports
The Australian miner is reportedly poised to ask for another deadline extension from Anglo American as it seeks to resolve continuing concerns about its takeover bid.
- Timothy Moore
The AI bulls are sticking to Nvidia despite 600pc share price rally
“When people ask ‘who is the next Nvidia’? The next Apple was Apple – the next Apple, even today, is still Apple,” said Munro Partners’ stockpicker Qiao Ma.
- Joshua Peach
