Pacific Perspectives
BMW stock slumps to 5-year low as Iran war and China slowdown spark profit warning
Shares in BMW tumbled to their lowest level in over 5 years on Wednesday after the German carmaker cut its 2026 profit outlook, citing a slowdown in Chinese demand and disruption caused by the Iran war. Source:…
CommSec’s SpaceX bid shows what retail investors really want
Elon Musk’s space company just shattered records to become the biggest float in the broker’s 30-year history as Australian investors went on the hunt for sizzle. CommSec had four times as many customers bid for…
Australian private credit sector’s D-Day is just two weeks away
After two years of studying the industry, ASIC has drawn a line in the sand for local players. Get your June 30 asset valuations right, or else. The corporate cop has heard enough talk from…
ASX to open lower
Australian shares are set to open lower as markets forecast the US to increase interest rates by October after the US Federal Reserve held rates steady in the first decision under Donald Trump’s chosen new…
Dow closes 500 points lower as Warsh’s first Fed meeting sets off surge in bond yields: Live updates
Stocks fell on Wednesday, while Treasury yields surged, as investors grew uncertain over the path of monetary policy after several Federal Reserve officials indicated there could be a rate hike this year to tamp down…
Technical factors are adding fuel to SpaceX’s meme stock fire
SpaceX has been fast-tracked to enter several major stock market indexes and that could eventually ground its stock performance in the broader fundamentals of the tech sector. But before SpaceX goes into those indexes in coming…
Eight stock picks that fund managers expect to go on a tear
Inside a packed Sydney hotel last week for the annual Morgan Stanley Summit, the mood was defiantly upbeat. Market pundits crowded into buzzing conference rooms, eager for insights from Treasurer Jim Chalmers to a humanoid…
Rate pause gives bonds traders confidence RBA is done
Money markets are upping their bets that the next move on interest rates could be down. The Reserve Bank of Australia’s decision to keep interest rates on hold this month has emboldened traders and market…
Two charts, one crisis: Australia’s top-heavy sharemarket trap exposed
Forget SpaceX, the biggest issue in Australian markets is the way the top-10 stocks are running away from the rest. Clear-headed fund manager Allan Gray has nailed Australia’s big equity market problem in just two…
Dow climbs above 52,000 for first time as oil prices fall, but tech sell-off knocks down S&P 500
The Dow Jones Industrial Average rose to a record high on Tuesday as investors rotated out of chipmakers and into cyclical stocks amid declining oil prices. The 30-stock index advanced 328.64 points, or 0.64%, for a record…