Latest
Investors to pull money from banks as property, miners rebound
Equity strategists are expecting the ASX 200 to stay around 8000 points until the end of the year. But it won’t be the banks leading the year-end rally.
- Joanne Tran
Bond market dials up US rate cut bets; RBA left behind
Goldman Sachs says there is now “solid rationale” for the Federal Reserve to start cutting rates this month. It’s a different picture in Australia, where markets are still pricing in a rate rise.
- Sarah Jones
CFMEU boss defiant; KPMG axes jobs; Who is J. D. Vance?
Read everything that’s happened in the news so far today.
ASX slips back below 8000 as BHP, Rio Tinto weigh; DroneShield sinks
Australian shares end lower. The Dow closes at a record high. Bitcoin bounces. Rio Tinto’s iron ore production slips. Follow updates here.
- Timothy Moore, Joshua Peach, Sarah Jones and Joanne Tran
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
ASX tops 8000 as rates rally sweeps global markets
Shares hit never-before-seen heights on Monday, but strategists are warning that the issues facing the Australian economy are far from over.
- Joshua Peach and Sarah Jones
Opinion & Analysis
Why these 14 ASX stocks could be set to disappoint
The sharemarket might be flirting with all-time highs, but there’s a growing sense investors are far too optimistic about earnings growth next financial year. Here’s why.
Columnist
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.
Columnist
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.
Columnist
How ASIC’s new insider-trader busting system works
The securities industry regulator is getting better at catching insider traders. But the cohort of offenders is so dumb it may not make a difference.
Contributor
Companies in the News
Commonwealth Bank
ASX Limited
Liontown Resources
Updated: Jul 16, 2024 – 4.10pm. Data is 20 mins delayed.
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View stories and data from an ASX listed company
Meet the Fundie
Three little-known stocks driving this veteran’s mega returns
Pengana’s James McDonald discusses his blockbuster year and the ASX-listed stocks he is backing into the new financial year.
- Joshua Peach
Meet the fund manager doing it better than everyone else
In a market completely saturated with Aussie equity funds, Robert Gregory, a one-man band, has come out on top thanks to some cracking stock bets.
- Sarah Jones
GQG slashes tech exposure, here’s where it’s buying next
Brian Kersmanc was the first analyst that star stockpicker Rajiv Jain hired for his new firm. He’s now co-managing all of GQG’s strategies which are pumping out near-40 per cent returns.
- Alex Gluyas
More From Today
- Opinion
- Chanticleer
Why these 14 ASX stocks could be set to disappoint
The sharemarket might be flirting with all-time highs, but there’s a growing sense investors are far too optimistic about earnings growth next financial year. Here’s why.
- James Thomson
Yesterday
- 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
The ’10-bagger’ stocks that helped push the ASX above 8000
Two blockbuster biotech winners and beneficiaries of investment in the energy transition helped create wealth for savvy investors as shares topped 8000 points.
- Tom Richardson
ASX hits 8000; McManus speaks on CFMEU; ‘Trump Trade’ gets trickier
Read everything that’s happened in the news so far today.
- 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
ASX crosses 8000 as tech stocks rally
Shares rise amid broad rally; iron ore advances; China growth weakens more than expected as outlook darkens; haven rush on investor minds after the assassination attempt on former US president. Follow here for more.
- Timothy Moore, Joanne Tran, Joshua Peach and Sarah Jones
This Month
Three little-known stocks driving this veteran’s mega returns
Pengana’s James McDonald discusses his blockbuster year and the ASX-listed stocks he is backing into the new financial year.
- Joshua Peach
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
ASX to hit 8000 as markets bank on Federal Reserve to cut rates
It’s taken the local bourse just over three years to climb another 1000 points after breaching the 7000 level in April 2021, fuelled by pandemic-era stimulus.
- Sarah Jones
- Opinion
- Insider trading
How ASIC’s new insider-trader busting system works
The securities industry regulator is getting better at catching insider traders. But the cohort of offenders is so dumb it may not make a difference.
- Tony Boyd
- 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
Exclusive Subscriber Offer - Crypto & Digital Assets Summit 2024
Financial Review subscribers receive a 15% discount on in-person tickets to this event on September 23, 2024.
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 hits record high as Fed gets ‘all clear’ to cut rates
Shares and bonds have rallied, but economists are warning investors against reading too much into what the data could mean for Australia’s own central bank.
- Joanne Tran and Joshua Peach
ASX hits record; Army private ‘a spy’; Defiant Biden gaffes again
Read everything that’s happened in the news so far today.
- Opinion
- Earnings season
Earnings season will reveal the real inflation picture
Prices are still going up but many companies are realising the limits of their powers, and central banks should be paying attention.
- Vesna Poljak
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
Shares hit record high; CBA tops BHP as market’s most valuable company
NAB hits post-GFC high. CBA hits record high. BHP falls. Traders ramp bets on US Fed rate cuts on shock inflation data. Bond yields fall. Citi tips Rio to do lithium deal. Follow here.
- Timothy Moore, Tom Richardson, Joshua Peach, Alex Gluyas and Joanne Tran
Tesla tumbles on report of delayed Robotaxi unveiling
Tesla is delaying its planned robotaxi unveiling to allow teams working on the project more time to build additional vehicle prototypes, Bloomberg reported.
- Dana Hull and Ed Ludlow
Retail ownership of big banks crashes to lowest level on record
Hot demand from offshore and local institutional investors has been driving up the share price of the country’s big lenders, a Jarden analysis shows.
- Joanne Tran
