Today
- Opinion
- Chanticleer
What Australia’s great contrarian is buying – and avoiding
Soaring household debt will have ripple effects for ASX investors, according to Schroders’ head of Australian equity, Martin Conlon.
- 17 mins ago
- James Thomson
ECB’s historic rate cut | D-Day remembered | Private credit boom goes public
Read everything that’s happened in the news so far today.
- 1 hr ago
- Updated
- Monetary policy
ECB’s inflation worries have traders fearing a rate cut go-slow
The European Central Bank dropped interest rates to 3.75 per cent after saying the inflation outlook had improved markedly. But, it was stickier than expected.
- Updated
- Cecile Lefort
- Live
- Markets Live
Miners push shares higher; gold climbs, GQG Partners jumps
Miners help lift shares 0.2pc. Life360 hits Nasdaq boards. GQG lifts FUM. IDP Education rebounds. ECB cuts rate. S&P 500 dips.US jobs report ahead. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Sarah Jones, Alex Gluyas and Joshua Peach
ASX to edge up, Wall St awaits monthly jobs data
Australian shares are set to open modestly higher in line with muted trading in New York. ECB starts cutting rates. US payrolls at 10.30pm on Friday.
- Updated
- Timothy Moore
Yesterday
A biotech boom for the ASX? This fundie thinks so
SG Hiscock’s Rory Hunter thinks CSL could “absolutely” hit $500, says biotechs are ripe for M&A, and reveals a hidden gem flying under the market’s radar.
- Alex Gluyas
- Opinion
- Chanticleer
Forget Wall Street’s deceiving new record, recession debate is back
The unstoppable Nvidia might be propelling Wall Street to new highs, but there’s a growing debate about whether US recession fears will revive the infamous “Fed put”.
- James Thomson
Shares rise; CBA hits record high, ECB tipped to cut rates ahead
Bank of Canada cuts cash rates Wall St hits records. SkyCity slashes guidance, warns on NZ economy. Telix unveils Nasdaq IPO. Magellan narrows outflows. Gold, oil rise. Follow here.
- Timothy Moore, Tom Richardson, Cecile Lefort, Alex Gluyas, Sarah Jones and Joshua Peach
ASX to rise, Nvidia leads megacap tech rally
Australian shares are set to open higher. S&P 500 resets all-time high. Nvidia market cap tops Apple. Bitcoin above $US71,000.
- Updated
- Timothy Moore
This Month
- Opinion
- Chanticleer
Investors’ big worry from GDP data isn’t what you think
The March quarter GDP numbers suggest a whiff of stagflation in the air. But the real story is of surprising economic resilience.
- James Thomson
India’s stock crash triggers rethink for investors
A shock election result has changed the fortunes for one of the world’s best-performing sharemarkets, causing investors to re-position.
- Alex Gluyas and Jessica Sier
ASX closes higher; property stocks, Treasury Wine rally
Real estate, banks buoy sharemarket despite lower commodities prices. GDP growths stalls in first quarter. Rates on hold for now. Bitcoin above $US70,000.
- Updated
- Timothy Moore, Joshua Peach, Sarah Jones, Cecile Lefort and Alex Gluyas
Economy grows by 0.1pc | RBA to ignore energy rebate | Medibank faces $21.5 trillion fine
Read everything that’s happened in the news so far today.
Buying the dip? Seven trashed ASX stocks fundies are snapping up
Lovisa, Worley and Orora are among the recent laggards that fund managers have been buying at – what they believe – are rare discounts.
- Joshua Peach
ASX to slip, Wall St ends modestly higher
Australian shares are set to open down. Iron ore, oil and gold retreat. S&P 500 ends up 0.2pc. Bitcoin briefly retakes $US71,000.
- Updated
- Timothy Moore
ASX slips as BHP, Woodside lose ground
Shares slip on weak oil, iron ore prices; AFT expands in the US; Life360 launches US IPO; Lovisa extends losses; New chairman at Crown. Follow updates here.
- Updated
- Timothy Moore, Cecile Lefort, Alex Gluyas and Sarah Jones
GameStop frenzy returns after Keith Gill’s Reddit return
The meme stock soared on Wall Street after a Reddit post appeared to reveal a $173.6 million position in the video-game retailer.
- Sangmi Cha, Subrat Patnaik and Bailey Lipschultz
- Opinion
- Chanticleer
Bill Ackman’s coming IPO looks like a great deal for Bill Ackman
The Wall Street legend has sold a chunk of his firm Pershing Square at an impressively rich valuation. But as the firm prepares to float, investors should be cautious.
- James Thomson
ASX to fall, oil slides and iron ore slumps
Australian shares are set to open lower, with both iron ore and oil tumbling. US factory data misses. S&P 500 edges higher late.
- Updated
- Timothy Moore
Investors pull money from tech in ‘next phase’ of the AI trade
Hedge funds have trimmed exposure to the Magnificent Seven and increased holdings in the utilities and healthcare stocks as the AI rally broadens to other pockets of the sharemarket
- Alex Gluyas
