Pacific Perspectives
S&P 500 ekes out a third day of gains as traders shake off a hot inflation report: Live updates
Stocks recovered from lows reached earlier on Thursday, with investors buying the dip once again in spite of a dour wholesale inflation report. The late-day gains mean the S&P 500 notched its third straight record close, by…
As Trump berates Goldman, other economists agree that higher tariff inflation is coming
Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view among its Wall Street brethren. Despite investors’ embrace of Tuesday’s fairly…
Flaws in the RBA’s inflation numbers cast doubt on rate cuts
Just one day after the Reserve Bank of Australia delivered its third interest rate cut this year, economists and investors are warning that the central bank is too optimistic about the path of inflation, which…
ASX to rise; Telstra lifts profit 31pc, Westpac home loans flat
Australian shares are poised to open modestly higher, with results pending from Telstra, Origin Energy, ASX and Suncorp, among others. The S&P 500 and Nasdaq Composite each closed at record highs. Volatility fell to a…
Dow rallies 400 points for a second day, S&P 500 closes at another record high
Stocks rose Wednesday, adding to their recent momentum as expectations for lower U.S. Federal Reserve rates continue driving the major indexes to all-time highs. The Dow Jones Industrial Average gained 463.66 points, or 1.04%, at 44,922.27. The S&P…
Stocks are celebrating inflation’s demise prematurely and the big money isn’t buying, says Larry McDonald
The stock market and retail investors are celebrating an end to inflation worries prematurely on Tuesday, and the big money is not playing along, according to Larry McDonald of “The Bear Traps Report,” whose clients…
Super system faces trillion-dollar foreign exchange stress test
The country’s largest superannuation funds face greater scrutiny over the size of the currency hedge risk needed to protect the growing pile of retirement savings being invested in offshore markets, with concerns the current safeguards…
Bond traders wager on two more cuts after no RBA pushback
Bond traders are pricing in more rate relief in the coming months amid signs the Reserve Bank of Australia governor Michele Bullock appears more comfortable about inflation and the labour market. The central bank –…
Markets lift bets on September US rate cut, economists hedge: 22 views
The probability of a quarter point cut in US interest rates in September rose to 94.1 per cent, according to the CME Group’s FedWatch Tool, after headline consumer prices rose moderately in July. Economists were…
Stock futures are little changed after market returns to record highs: Live updates
Stock futures are little changed Tuesday night as investors look ahead to inflation data due later this week. Futures tied to the Dow Jones Industrial Average dropped 13 points, or less than 0.1%. S&P futures fell 0.04%, while Nasdaq…