Today
- Live
- Markets Live
ASX gains; jobs data ahead, $A tops 67¢ on US rate cut bets
Gold miners, tech boost shares. Bond yields retreat. $A, copper, manganese, bitcoin rally. Incitec Pivot in talks to sell fertiliser business. Aristocrat lifts dividend 20pc. Follow here.
Yesterday
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
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.
This Month
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.
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.
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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.
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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.
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April
ASX bounces as real estate, tech rally; First Quantum mothballs mine
Shares close higher. Perpetual confirms exclusive talks with KKR. Tech stocks rise ahead of Apple and Amazon earnings. Follow here for more
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Copper hits $US10,000 as BHP’s bid releases the bulls
Copper hit $US10,000 a tonne for the first time since 2022 as traders took BHP’s takeover bid for Anglo American as a vote of confidence for the metal.
Resources funds bounce back as commodity rally intensifies
Fund managers are betting on a fresh batch of copper, gold and oil producers to help lift their returns following a challenging period for commodity investors.
Shares sink; Anglo American rejects BHP’s ‘opportunistic’ proposal
Shares fall 1.2pc as rate cut hopes dim. BHP sinks on Anglo American deal. ResMed beats on profits. Wall Street lower on US GDP slowdown. Follow here.
Investors pile into miners as commodity rally heats up
Surging copper, gold and oil prices are fuelling a rotation into mining stocks as analysts scramble to adjust their profit forecasts for the sector.
ASX trims gains after robust CPI; Perpetual drops
Shares flat at the closing bell; $A, bond yields jump as CPI data beat forecasts; Cleanaway denies speculation about Seven takeover offer; Perpetual books $5.2b in net outflows. Follow here for more.
- Updated
Copper eyes $US10,000 as ‘super squeeze’ intensifies
The metal surged to a two-year high this week as traders ramped up bets that copper’s bull market is unfinished business.
‘Nothing has been spared’ as US dollar rips through Asia
The surprising strength of the US dollar this year has caused strategists to reduce their Aussie dollar forecasts, adding to the risk of sticky inflation.
Health care and bank stocks buoy ASX; Star extends decline
Shares end higher after Israel-Iran tensions fail to escalate; Cettire slumps after news that hedge fund LHC exited its position; Star shares continue to fall. Follow here for more.
This top-performing fundie is all-in on ASX gold stocks
Vasilios Piperoglou believes gold stocks will “multibag” in the coming months, and says Collins St Asset Management value fund has a portfolio full of potential winners.
Commodity markets perplexed why gold keeps going up
The precious metal’s decoupling from the traditional drivers of prices has analysts divided on its outlook.
Shares, $A sink; gold, oil, bonds jump on Israeli strikes
Reports of Israeli airstrikes in Iran prompt investors to dump shares, buy gold, oil, bonds. Japan inflation falls to 2.7pc. US equity futures turn lower. Follow here.
Why investors should look past banks, mining for big gains
The top 10 stocks should account for more than half the ASX 200’s earnings this year, but that figure will drop below 50 per cent in FY25 as market leadership shifts.
