Today
ASX to fall, Nasdaq tumbles as semiconductor stocks plunge
Australian shares are set to open lower. The tech-heavy Nasdaq Composite shed 2.8pc amid a sell-off in semiconductor stocks. Nvidia shed 6.6pc.
- Updated
- Timothy Moore
Yesterday
- Updated
- Big four
ANZ board ‘acutely focused’ on trading scandal
In a note to staff, the bank’s executives said directors and senior management met on Tuesday to review probes into workplace conduct and market manipulation.
- Updated
- Jonathan Shapiro and Lucas Baird
- Opinion
- Chanticleer
Stocks just keep rising, but bonds are flashing a big warning
Wall Street’s rally is grinding on, and now seems to be broadening out. However, beneath the surface, there are signs of fragility that shouldn’t be ignored.
- James Thomson
ASX to rise, Dow gains as rally broadens, yields ease
Australian shares are set to open higher. Dow rises 743 points or 1.9pc; UnitedHealth surges. Trump would keep Powell, sees 60-100pc tariffs on Chinese imports.
- Updated
- Timothy Moore
This Month
- Exclusive
- Big four
ANZ suspends traders for alleged misconduct amid markets probe
The bank’s executives are battling to contain a growing scandal about its trading team, with the regulator investigating whether bond trades were manipulated.
- Jonathan Shapiro
ASX to slip, Wall St extends its rally on ‘Trump trade’
Australian shares are set to edge lower. All three US benchmarks advanced to start the week. Goldman’s profit doubles. Bitcoin lifts, boosting Tesla.
- Updated
- Timothy Moore
- Opinion
- Chanticleer
Why this strategist thinks the ASX at 8000 is a warning sign
Barrenjoey’s chief macro strategist won’t spend much time celebrating the latest milestone. He says the index’s fair value is about 7300.
- James Thomson
- Opinion
- Opinion
Markets owe it to themselves to fill in the black holes
Questions are being asked over bond market trading because market players no longer feel the incentive to police their own reputations among their own number.
- Les Hosking
- Opinion
- Chanticleer
Why Macquarie guru Viktor Shvets says ‘Trump trade’ just got trickier
More certainty for markets of a Trump victory now might mean more uncertainty later if he sweeps November’s elections.
- James Thomson
Haven rush, ‘Trump trades’ on investor minds after shooting
Investors will likely rush into assets like the US dollar, gold and bitcoin after the assassination attempt of the former US president.
- Ruth Carson
- Opinion
- Interest rates
Why the US Fed needs to start cutting rates now
Key inflation and employment data that central bankers use to guide monetary policy lag far behind economic turning points, which results in hugely suboptimal rate decisions, writes Vimal Gore.
- Vimal Gor
S&P 500 resets record high on interest rate bets
All three US benchmarks rallied after more price data lifted optimism that the Fed is poised to cut rates, perhaps even by half a percentage point in September.
- Updated
- Timothy Moore
ASX to rise, S&P 500 falls on September rate cut bets
Australian shares are set to open higher. Wall Street dropped as June’s shock CPI data triggered a rotation out of tech and into small caps.
- Updated
- Timothy Moore
- Exclusive
- Legal industry
‘Those involved will be held accountable’: ANZ boss amid scandal
ANZ CEO Shayne Elliott has admitted to staff that the alleged wrongdoing and inappropriate trading raised by the Financial Review is “not new”.
- Jonathan Shapiro and Aaron Patrick
ASX to rally, S&P 500 closes above 5600 points
Australian shares are set to open higher. All three US benchmarks advanced with the S&P 500 and Nasdaq resetting records on another tech surge.
- Updated
- Timothy Moore
- Opinion
- ANZ Bank
ANZ’s board could be on the precipice of a bank-defining scandal
Insiders believe ANZ has played with this arcane-but-lucrative corner of the market for years – it could be the worst modern scandal in ANZ’s history.
- Aaron Patrick
- Exclusive
- ANZ Bank
ANZ probes ‘$54b’ in inflated bond trades
The bank overstated the value of government bonds it traded by over $50 billion in a year, boosting its chances of winning lucrative mandates to issue Commonwealth debts.
- Jonathan Shapiro and Aaron Patrick
ASX to drop, US stocks rise on Powell’s rate signal
Australian shares are set to open lower. The S&P 500 edged up to another record closing high, bolstered by renewed hopes for a September interest rate cut.
- Updated
- Timothy Moore
ASX to rise, Nvidia and Apple pace Nasdaq higher
Australian shares are set to open higher. US equities traded in a narrow range with earnings in focus. Apple nears $US3.5 trillion market valuation.
- Updated
- Timothy Moore
Meta, Apple drive Nasdaq, S&P 500 to record highs
Investors continue to press tech valuations higher bolstered by renewed bets that the Federal Reserve is closer to a rate pivot.
- Updated
- Timothy Moore
