Billionaire investor Ray Dalio on Thursday sounded another alarm on soaring U.S. debt and deficits, saying it should make investors fearful of the government bond market. “I think we should be afraid of the bond market,” Dalio said at an event for the Paley Media Council in New York. “It’s like … I’m… Read More »Ray Dalio says to fear the bond market as deficit becomes critical
Insurance Australia Group chief executive Nick Hawkins is confident the acquisition of two state-based insurers will get through the competition regulator, after the group said it would buy The Royal Automobile Club of Western Australia (RAC) for $1.35 billion, following a similar deal in Queensland. IAG, Australia’s largest insurer, which… Read More »Insurance Australia Group goes west with $1.35b RAC buy
Australia’s gas producers say Labor is undermining its own efforts to decarbonise the electricity grid because a major review of the east coast market is not considering whether to provide future government support to gas power generators. The review, led by energy expert and former AGL economist Tim Nelson, was… Read More »Gas companies ask for seat at the subsidy table
Goldman Sachs strategist Matthew Ross sees two possible paths out of the surprising situation – and he’s listed stocks for investors to watch. The Bermuda Triangle. The construction of Egypt’s pyramids. Why Australians spend so much on bottled water. There’s no shortage of unexplained phenomena in this crazy world, but… Read More »This ASX risk reading hasn’t been so low in 25 years. That’s nuts
Stock futures were little changed on Thursday night, as investors continue to evaluate the effect of higher U.S. Treasury yields on the economy. Futures tied to the Dow Jones Industrial Average 12 points, or 0.03%. Nasdaq 100 futures slipped 0.06%, while S&P 500 futures ticked up 0.02%. In regular trading, the S&P 500 closed just below the flatline,… Read More »Stock futures are little changed as elevated Treasury yields weigh on sentiment: Live updates
The U.S. debt-and-deficit situation is bad and facing real prospects of getting worse, triggering a high-profile credit rating downgrade from Moody’s and another selling stampede in stocks and bonds. Whether the recoil in financial markets continues is largely in the hands of policymakers who seem intent on adding to the… Read More »The Republican spending bill is sending yields soaring and creating a major market headache
While Australian sharemarket investors are rejoicing in the prospect of interest rate cuts, long-term bond rates are drifting higher. This has been a very strange week in financial markets as global and domestic forces have tugged in opposite directions creating a few disconnects which might point to trouble ahead. Here… Read More »Why this strange week for markets may point to trouble ahead
Bond traders have ramped up bets that the Reserve Bank will deliver aggressive rate cuts after the central bank struck a surprisingly relaxed tone on inflation and signalled it is ready to act if Donald Trump’s global trade war escalates. The RBA lowered the cash rate by 25 basis points… Read More »Traders bet on July rate cut and more to follow
Veteran Australian equity investors are backing companies in the healthcare and energy sectors – names that may be out of favour with the market, but ones that the fund managers are adamant are still a good bet. Speaking on the second day of the Morningstar Investment Conference in Sydney, well-known… Read More »Three ‘unpopular’ ASX giants veteran fundies are backing
Stock futures were flat in overnight trading Wednesday following a sizable sell-off on Wall Street as worries about a ballooning deficit deepened. Futures on the Dow Jones Industrial Average dipped 60 points. S&P 500 futures and Nasdaq 100 futures were both little changed. In regular trading, the blue-chip Dow slid more than 800 points, while the S&P 500 finished the… Read More »Stock futures are flat after a big sell-off on deficit concerns: Live updates