Latest
ASX to bounce as Powell prepares to walk rates ‘tightrope’
The US Federal Reserve will take centre stage again this week, when some forecasters are expecting its chairman to address an increasingly poor inflation outlook.
- Joshua Peach
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.
- Alex Gluyas
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
Market bets the RBA will raise rates by August
Traders are ascribing a more than 50 per cent chance the Reserve Bank will lift the cash rate as early as in August to stamp out inflation.
- Cecile Lefort
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.
- Tom Richardson, Natasha Rudra, Cecile Lefort, Joanne Tran and 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.
Opinion & Analysis
How Australia is losing the equity market war
Australia’s equity capital markets are slipping behind global competitors on market value, shares traded and foreign listings. That trend is unlikely to change while the ASX is fixing its monopoly clearing and settlement system.
Contributor
The RBA is still threading the needle
The Reserve Bank’s next policy move is more likely to be a rate cut despite the evidence seen in the stronger than expected March inflation figures, says GSFM’s Stephen Miller.
Former advisor Paul Keating
12 stock picks for a tough investing environment
Low rates and endless stimulus may have left investors unprepared for the difficult environment that lies ahead. Here are 12 stock picks to consider.
Columnist
How to adjust your ASX portfolio for a higher-for-longer world
Hot inflation and the prospect that rate cuts will be further delayed should encourage investors to rotate from banks towards miners, Morgan Stanley says.
Columnist
Companies in the News
Woodside Energy Group
Commonwealth Bank
National Australia Bank
The Star Entertainment Group
Updated: Apr 26, 2024 – 4.42pm. Data is 20 mins delayed.
Search companies
View stories and data from an ASX listed company
Meet the Fundie
ASX activist HMC Capital takes aim at GrainCorp
HMC Capital has revealed a position in GrainCorp, marking the group’s fourth public bet from the highly concentrated Capital Partners Fund.
- Updated
- Joshua Peach
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.
- Alex Gluyas
The biggest market risk you’re probably not thinking about
Insight Investment’s Francesca Fornasari says investors cannot ignore currency markets, especially Australians who are sending billions of dollars overseas.
- Jonathan Shapiro
Yesterday
ASX activist HMC Capital takes aim at GrainCorp
HMC Capital has revealed a position in GrainCorp, marking the group’s fourth public bet from the highly concentrated Capital Partners Fund.
- Updated
- Joshua Peach
- Opinion
- Sharemarket
How Australia is losing the equity market war
Australia’s equity capital markets are slipping behind global competitors on market value, shares traded and foreign listings. That trend is unlikely to change while the ASX is fixing its monopoly clearing and settlement system.
- Tony Boyd
- Opinion
- Monetary policy
The RBA is still threading the needle
The Reserve Bank’s next policy move is more likely to be a rate cut despite the evidence seen in the stronger than expected March inflation figures, says GSFM’s Stephen Miller.
- Stephen Miller
This Month
- Opinion
- Chanticleer
12 stock picks for a tough investing environment
Low rates and endless stimulus may have left investors unprepared for the difficult environment that lies ahead. Here are 12 stock picks to consider.
- James Thomson
- Opinion
- Chanticleer
How to adjust your ASX portfolio for a higher-for-longer world
Hot inflation and the prospect that rate cuts will be further delayed should encourage investors to rotate from banks towards miners, Morgan Stanley says.
- James Thomson
Kogan executives handed $17.6m payday three weeks before stock crash
The online retailer disclosed earlier this month that key executives would be able to sell options back to the company without having to exchange them for shares.
- Tom Richardson and Carrie LaFrenz
This fundie says CSL is a $500 stock
ECP Asset Management’s Sam Byrnes expects the blood plasma collector’s return on capital to substantially improve and remains bullish on IDP Education even though its share price has tumbled this year.
- Joanne Tran
Traders see zero chance of RBA rate relief
The bond market has completely removed any chance of an easing in 2024, making Australia the only major economy where rates could rise.
- Cecile Lefort
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
- Updated
- Social media
Meta’s plans to spend billions on AI unsettle investors
Shareholders are preparing to wipe around $US200 billion ($308 billion) of the social media giant’s value, despite better than expected earnings this year.
- Updated
- Joshua Peach
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
Reluctant traders protect themselves from market mayhem
The mounting uncertainty in markets has traders buying put options that pay off if stocks keep tumbling.
- Carly Wanna
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
- Joanne Tran, Natasha Rudra, Alex Gluyas, Cecile Lefort and Joshua Peach
Traders speculate RBA’s next move could be up
The Australian dollar jumped and bonds sold off after inflation beat forecasts, prompting traders to abandon almost every basis point of easing in this year’s cash rate profile.
- Updated
- Cecile Lefort
Tesla buyers storm back, but not everyone is convinced
One early backer of Elon Musk’s electric vehicle manufacturer said it was hard to see it as a growth stock “when the world’s car industry is coming at you”.
- Joshua Peach
Tesla jumps on pivot to cheaper cars after earnings flop
Shares in the struggling automaker are climbing in after hours trading after Elon Musk unveiled plans to bring forward the launch of more affordable models.
- Updated
- Joshua Peach
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.
How Australians are unlocking their crypto riches
Surging valuations mean many want ways to borrow cash against their digital windfalls, and one altcoin evangelist claims he has a solution.
- Tom Richardson
Tech lifts ASX, Brambles sinks
Shares gain; Northern Star output misses forecasts; Westpac flags $164m hit; Brambles sales up; First Sentier shuts credit funds; Seven ups Boral stake. Follow updates here.
- Updated
- Natasha Rudra, Cecile Lefort, Joshua Peach and Joanne Tran
‘Stunning’ equity rallies lift super fund returns
Superannuation funds are expected to end the financial year “a lot better than expected”, new data shows, with returns already nearly surpassing last year’s results.
- Hannah Wootton