Pacific Perspectives
AI could change the speed limit of economic growth
The applications of artificial intelligence are approaching an economic shift profound enough to tear up everything we know about investing and growth. Since the global financial crisis, market debates have been dominated by secular stagnation…
Regal sees a world where BHP and CBA both trade at $100
Regal Partners says it expects Commonwealth Bank stocks to slump over the next five years and BHP’s to surge, with the ASX’s largest companies both trading at about $100 a share in a major shift…
Stock futures are little changed after S&P 500 posts best day since early August
U.S. equity futures traded near the flatline on Monday night following a rally driven by stocks tied to artificial intelligence. S&P 500 futures added 0.02%, while Nasdaq-100 futures gained 0.2%. Futures tied to the Dow…
Leaked NSW inquiry says PEXA and banks deliberately hinder competition
A NSW parliamentary inquiry into PEXA and its practices is expected to conclude that the company and the country’s major banks deliberately hindered efforts to open the property title transfer system to competition. That is…
Ramsay warns hospital upgrades at risk if profits stay squeezed
Ramsay Health Care, the country’s largest operator of private hospitals, says lower margins are making it more difficult to invest in upgrading and modernising medical facilities as it pushes for the Albanese government to reconsider…
A break in the global bond market is coming for Australian home prices
The breaking bond market is in the headlines daily as yields surge to multi-decade highs while the world’s most influential central banks are nudging their cash rates higher. Naturally, the prospect of elevated interest rates…
‘Two strongmen in the playground’: What to watch when Trump meets Xi
hen Donald Trump and Xi Jinping meet this week, their long list of lingering frictions – from trade disputes to the perennial flashpoint of Taiwan and the still smouldering war in Iran – could easily…
ASX to resume sell-off as traders eye three RBA rate rises
The Australian sharemarket is set to be hit by a wave of selling on Monday as investors adjust to the increasing likelihood that the Reserve Bank will lift interest rates thrice to stave off stubborn…
Oil prices fall as Saudi Arabia reportedly offers more crude via Hormuz after pipeline attack
Oil prices fell Thursday as Saudi Arabia shifts some crude exports through the Strait of Hormuz to compensate for the closure of a key pipeline, easing market fears that the outage will cause another major…
Markets gain confidence in US Federal Reserve’s resolve to curb inflation
The US dollar and government bond prices rallied on Thursday as investors grew increasingly confident that the US Federal Reserve was prepared to act aggressively to bring high inflation under control. The Fed, as expected,…