Pacific Perspectives
ASX to rise as bonds rebound; Alphabet lifts market
Australian shares are poised to rise as the sharemarket and bonds rebounded after a day of volatility Market highlights Bonds rebounded after a weaker-than-expected Labour Department report on July jobs caused traders to almost fully…
Stock futures are little changed after Alphabet rally boosts S&P 500, Nasdaq: Live updates
U.S. stock futures were little changed on Wednesday night, following Alphabet’s rally, which lifted the S&P 500 and Nasdaq Composite even as growing fears around the economy weighed on equities. Dow Jones Industrial Average futures…
Amazon cracks down on Prime free shipping sharing
Amazon is eliminating a program that allows members of its Prime subscription program to share free shipping benefits with people outside their household. The company began notifying users in recent days that it plans to end…
Platinum client pulls $580m ahead of L1 merger
ASX-listed fund manager Platinum Asset Management has reported that a large client will pull $580 million from its managed funds, just weeks before it is due to merge with L1 Capital. The redemption, which is…
The most bought small-cap stock of the last year soars 120pc
DroneShield, a buzzy anti-drone technology manufacturer that has captured the attention of local fund managers, has pipped hot technology and uranium stocks to become the most bought small cap of the last year. DroneShield’s share…
ASX to fall; Nvidia dips as Wall St extends losses
Australian shares are poised to drop after Wall Street extended losses from Friday after a long weekend. The 10-year yield rose to 4.26 per cent, adding to pressure on Wall Street. Europe’s bond market reached…
Stock futures edge higher after Google avoids harsh antitrust penalty: Live updates
Stock futures edged higher Tuesday night after a federal court decision in an Alphabet antitrust case fueled optimism that the tech giants will be able to weather regulatory threats. S&P 500 futures rose 0.3%, while Nasdaq-100 futures jumped by 0.4%. Futures…
Asia markets close mixed as investors assess China’s RatingDog manufacturing data
Asia-Pacific markets traded mixed Monday as investors assessed China’s RatingDog manufacturing data for August. The metric came in at 50.5, compared to a contraction of 49.5 the month before. Data released Sunday showed that the…
Sultan Al-Jaber: the other key man risk to Santos’ $36.4b takeover
n Emirati politician who presided over the COP28 climate talks in 2023 has emerged as the key risk to a deal for the $36.4 billion takeover of Santos, and will decide whether the transaction ever…
ASX to fall; Collins Foods reaffirms guidance, gold nears $US3500
Australian shares are poised to open slightly lower as investors look forward to a big week of data. Wall Street is closed for the Labour Day public holiday. Market highlightsSilver rose above $US40 an ounce…