This Month
ASX to lift; Traders now turn to key US jobs data
Australian shares are poised to rise as tech stocks drove higher ahead of Apple’s earnings. Traders are also gearing up for the US jobs report tonight.
ASX to lift; Powell says rate increase is ‘unlikely’ as Fed holds
Australian shares are poised to rise after the Federal Reserve held interest rates unchanged.
ASX to drop as hot US labour data sinks Wall Street; Oil falls
Australian shares are poised to fall as Wall Street took a sharp turn towards a monthly loss on hotter than expected labour costs data.
April
China’s gold buying spree raises fears for Taiwan
China has now been buying gold steadily since October 2022, marking its longest build-up of the precious metal since at least 2000.
- Melissa Lawford
ASX to open flat; Wall Street picks up with Fed in focus
Australian shares are poised to open flat as Wall Street picks up with traders looking ahead to the US Federal Reserve’s rates decision meeting this week.
Louis Dreyfus confirms higher bid at Namoi Cotton
The French commodities giant has confirmed it intends to make a 60¢-a-share bid for Namoi Cotton, after Street Talk reported it had beefed up it advisory lineup.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Alex Gluyas
ASX to drop; Wall Street falters on US economic data
The ASX is set to drop as Wall Street took fright after US economic data revealed “the worst of both worlds” - a slowdown in the economy and inflationary pressure.
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.
- Alex Gluyas
Wall Street drifts after hot streak, Tesla soars; ASX closed
Wall Street is drifting after a two-day hot streak with car maker Tesla surging but other tech stocks mixed. The ASX is closed for Anzac Day.
- Natasha Rudra
ASX to rise; Inflation figures in focus
Australian shares are poised to rise as Wall Street continues to rebound on the strength of the tech megacaps and the ASX looks to March CPI figures.
ASX to lift as Wall Street jumps ahead of big earnings week
Australian shares are poised to rise as Wall Street shrugged off a $US2 trillion sell-off with the S&P breaching 5000 points and the Magnificent Seven megacaps set to report this week.
Commodity traders bet on big data and AI
Firms that traditionally relied on political connections, handshakes and logistical skill to move natural resources to willing buyers are increasingly focused on how to apply AI.
- Updated
- Tom Wilson and Malcolm Moore
Shares fall and gold, oil surge after reports of attack on Iran
Shares and commodities whipsawed on Friday, after reports of a missile attack on Iran sent ripples through global markets.
- Joshua Peach, Tom Richardson and Joanne Tran
ASX to fall as rate cut hopes fade further
US jobless figures held steady overnight, adding to the week’s positive reports on the health of the world’s biggest economy.
- Updated
- Andrew Hobbs
ASX to rise as focus swings to employment data
Wall Street’s main indexes fluctuated with chip stocks among the biggest losers. Expectations are for Australian unemployment to pick back up to 3.9 per cent.
- Updated
- Andrew Hobbs
ASX to slip as Powell confirms delay in rate cuts
If inflation pressures persist in the US, the Federal Reserve can keep rates steady for “as long as needed,” Jerome Powell said.
- Updated
- Andrew Hobbs
ASX to drop as shock jump in US spending weakens case for rate cuts
Much stronger than expected retail sales in the US diminished the likelihood of interest rate cuts. Threat of Israeli retaliation boosts gold to near record.
- Updated
- Andrew Hobbs
Sydney petrol hits record as traders brace for Israel retaliation
Petrol prices have steadily climbed with a higher oil price as analysts warn Brent could hit $US100 a barrel from the escalating tension in the Middle East.
- Alex Gluyas
LME bans new Russian metal, but braces for a flood of old stock
Some traders and producers have argued that exchange should ban all Russian material to avoid being overwhelmed by a flood of unwanted stock, which they say is depressing prices.
- Jack Farchy and Mark Burton